Definition of Intranet As A Service

A software programme known as "Internet as a service" (IaaS) enables more flexible internal device collaboration, management of insightful insights, communication, and shared integrated operations. The Software as a Service (SaaS) platform serves as the foundation for Intranet as a Service (IaaS) Applications. Data can be sent from Internet servers to your machine via Internet service. An Internet service provider is a company or organization that provides Internet connectivity. There are various free ways to access the Internet, but most ISPs require you to sign up to use their services. Some of the most common ways to connect to the Internet are dial-up, DSL, cable, and wireless.

Global Intranet As A Service Market: Key Insights

Global Intranet As A Service Market Highlights Over 2023 - 2033

The global intranet as a service market is estimated to garner a revenue of USD 34.0 Billion by the end of 2033 by growing at a CAGR of ~8% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 15.0 Billion in the year 2022. The growth of the market can be attributed to the rise in the demand for cloud intranet solutions followed by the increase in the adoption of cloud services. For instance, more than 90 percent of the organizations in the United States use cloud services in the year 2022.

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An intranet as a service refers to a cloud-based solution that is gaining popularity across a wide range of industries. It offers numerous advantages over locally installed software to both users and businesses, including employee engagement, improve security standards, collaboration of internal devices, and others.  Therefore, growing demand for employees’ engagement is anticipated to surge the growth of the global intranet as a service market. For instance, social intranet leads to more than 15 per cent rise in employee engagement and more than 80 per cent rise in employee retention in an organizations

Global Intranet As A Service Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Demand for Intranet– There has been increasing demand for intranet owing to the rising internal communication and it is expected to boost the growth of the global intranet as a service market.  More than 10 percent of the employees in an organization are using intranets on a daily basis

• Rising Demand for Virtual Workplace– There is more than 50 percent of workers are still preferring working from home after the COVID-19 pandemic.

• Increasing Number of Small & Medium Enterprises– According to the Office of the United States Trade Representative, approximately 28 million small and medium-sized businesses in the United States account for roughly two-thirds of new private jobs.

• Rising Adoption of Digitalization– More than 85 percent of organizations around the globe are planning to have a digital-first business strategy or have already adopted it.

Challenges

• High Cost for the Deployment of the System

• Threat to Privacy

• Resistance by Employees to Work with New Technologies- Most of the employees in emerging economies are resistant to working on new technologies as they need to learn the skills. Resistance of employees to adopt new technologies challenges the market’s growth over the forecast period.

The global intranet as a service market is segmented and analyzed for demand and supply by organization size into large enterprises, and small & medium enterprises. Out of these, the large enterprise segment is anticipated to hold the largest share over the forecast period owing to the ability to invest in new technologies, and higher adoption of intranet network services. For instance, large enterprises in the United Kingdom accounted for 39 percent of employment at the start of 2021.

Global Intranet As A Service Market Regional Synopsis

Regionally, the global intranet as a service market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of the rising adoption of advanced IT infrastructure in the form of digitalization, and cloud. According to the Bureau of Economic Analysis, the digital economy supported 8.8 Million jobs in the year 2018 in the United States.

Market Segmentation

Our in-depth analysis of the global intranet as a service market includes the following segments:

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Key Companies Dominating the Global Intranet As A Service Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global intranet as a service market that is included in our report are akumina, Inc., Aurea, Inc., The Attollo Group Ltd, Skyvera, Powell Software, Inc., LiveTiles Corporation, Involv, Elastic Cloud Solutions Sp.z o.o, Happeo, Perficient, Inc., and others.

Global Intranet As A Service Market: Latest Developments

• June, 2022: Powell Software, Inc., announced it partnership with Crayon in order to provide tools for increasing workplace productivity, efficiency, and communication.

• September, 2022: Perficient, Inc., announced the acquisition of Inflection Point Systems, Inc., to strengthen its nearshore delivery capabilities and capacity with enhanced agile software design and development, testing, and supporting customers.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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