Enterprise Collaboration Suite Market Valued at $1.6 Billion in 2006, Says Radicati Group (Tekrati)

The market for enterprise collaboration suites, defined as Web-based portal solutions that provide a full suite of collaborative functionality, is currently valued at $1.6 billion, according to The Radicati Group. The analysts expect the market to grow at an average rate of about 10 percent per year, reaching $2.3 billion in 2010.