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Enterprise Social Networking Blasts Off

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The industry analyst firm released a new report that indicates that the enterprise social networking market is ready for ignition and liftoff.

  jurvetson "The social networking application market was relatively small in 2006, coming in at $46.8 million, a new study published by IDC reports. By 2009, however, this market will grow to $428.3 million creating a new application segment and establishing social networking as a new communications tool used for many purposes other than consumer socializing."

The report continues:

"There are three social networking segments emerging.  These include: self-service applications used by groups and marketing campaign teams; brand applications that focus on persistent customer engagement; and enterprise applications that provide more effective ways of working with customers, partners, and other external parties." (emphasis added)

Paul Greenberg

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