As organizations accelerate the implementation of business transformation and technology modernization initiatives, business leaders are exploring the impact these changes will have on enterprise content management and its associated workflows. A growing number of organizations are exploring the role that collaboration platforms can play in streamlining content management.

Market maturity, downward pricing pressure, and lack of sustained demand for point-to-point Ethernet services with SD-WAN (software-defined wide area network) will result in the market dropping from $6.35 billion in 2021 to $5.94 billion by 2024.