Team Collaboration Software Market Report Scope 15.3.2 AT&T Inc
Team Collaboration Tools Market Size By Software Type (Conferencing Software and Communication & Coordination Software), By Deployment (On-Premise and Cloud), By Industry (BFSI, Healthcare, Retail, Transportation, and Others), Regions, Segmentation, and forecast till 2029. Inkwood Research estimates that the global team collaboration software market is expected to reach $22.71 Billion by 2028, growing at a CAGR of 10.89% during the forecast period. 10.3 Europe
10.3.3.2 Market Forecast
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. For instance, in February 2022, work management platform provider Asana released Asana Flow, a complete range of solutions that businesses can use to build, run, and enhance their workflows. "Smart Strategies, Giving Speed to your Growth Trajectory", Region : Global | Format: PDF | Report ID: FBI101327. Remarkable job and great efforts by your research team. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Avail customized purchase options to meet your exact research needs. 10.3.1 Germany
The increasing need for team collaboration to increase business productivity and digitization is impacting market growth. The next-generation collaboration and enterprise productivity tools are playing a significant role in establishing efficient business communications that encompasses richer team communication, co-creation, and document sharing. Cloud team collaboration software has experienced rapid growth and is anticipated to maintain its leadership in North America. The market for Team Collaboration Software is forecast to reach $18.45 billion by 2025, growing at a CAGR of 11.4% from 2020 to 2025. 2.5 Forecasting Methodology
In recent times, the collaboration tools have become the most widely used tools by distributed project teams. 10.2 Asia-Pacific
AI can potentially increase the accuracy of voice and chat assistants and help real-time translation of messages. Unified Communication as a Service (UCaaS) Market, https://www.fortunebusinessinsights.com/industry-reports/team-collaboration-software-market-101327, For instance, in May 2020, Cisco Systems Inc. acquired BabbleLabs, Inc. to enable businesses and teams to cut down unwanted noise in meetings. Figure 25: Global: Team Collaboration Software (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
On the contrary, integration of advanced technologies in team collaboration software is anticipated to provide team collaboration software market opportunity. GoBoard enables users to connect, create and collaborate through a whiteboard with integration with some of the most popular VC solutions on the market including Google Meet, Zoom and Microsoft Teams. Get detailed insights regarding the impact of COVID-19 on the market. 13.6 Threat of Substitutes
Asia Pacific is expected to be the fastest growing region in the global market in terms of CAGR. IMARC Group provides an analysis of the key trends in each sub-segment of the global team collaboration software market, along with forecasts at the global, regional and country level from 2022-2027. Team Collaboration Software Market - Insights: The Team Collaboration Software Market Research Report 2022-2027, provides an in-depth overview and insights into the market size, revenues, various segments and drivers of development, as well as limiting factors and regional industrial presence. 9.2.1 Market Trends
Figure 27: Global: Team Collaboration Software (IT and Telecommunications) Market: Sales Value (in Million US$), 2016 & 2021
15.3.11.2 Product Portfolio
11.5 Threats
Thus, the adoption of collaboration tools to easily manage projects is expected to contribute to the team collaboration software market growth. Rise in number of collaborative workspaces is a major factor that drive the growth of the team collaboration software market. 10.4.2.2 Market Forecast
2.1 Objectives of the Study
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Which software type segment dominated the team collaboration software market. 2.4 Market Estimation
Cloud-based platforms equally allow remote teams to streamline their business operations and manage projects of all sizes. On the basis of software types, the global team collaboration software market is fragmented as communication & coordination and conferencing. The Asia Pacific market accounted for a considerable revenue share of close to 22.0% in 2021, owing to the ongoing digitization of businesses and the development of high-speed internet infrastructure in the region. Team Collaboration Software Market Size to Expand US $ 40.79 Billion by 2028 - MarketWatch Nov 14, 2022 (The Expresswire) -- Fortune Business Insights announces the release of the report "Team. Please fill out the form below for a free PDF report sample & Complimentary 10 hours free analyst time for market review, 3. Team Collaboration Software Market Share, Size, Trends, Industry Analysis Report, By Software (Conferencing, Communication & Coordination); By Application; By Deployment; By Region; Segment Forecast, 2021 - 2028 Published Date: Oct 2021 Pages: 112 Format: PDF Report ID: PM2096 Base Year: 2020 Historical Data: 2016 - 2019 Description 10.4.2.1 Market Trends
Increasing remote work culture is a major driver for the growth of the Collaboration Software Market. For this study, Grand View Research has segmented the global team collaboration software market report based on deployment, software type, application, and region: Deployment Outlook (Revenue, USD Billion, 2018 - 2030), Software Type Outlook (Revenue, USD Billion, 2018 - 2030), Application Outlook (Revenue, USD Billion, 2018 - 2030), Regional Outlook (Revenue, USD Billion, 2018 - 2030). Professional services include integration and implementation, training and education, and support and maintenance. The on-premises deployment of collaboration tools guarantees low latency at data transfer levels, which, in turn, allows enterprises gain control over enterprise data. 15.3.8.1 Company Overview
The rising popularity of work from home trends in startups and small and medium-sized companies is also set to contribute to the global team collaboration software market share. 10.4.2 Mexico
The adoption of the Software as a Service (SaaS) model enables enterprises to conveniently deploy conferencing solutions, promoting continuous innovation and enhancing collaborative capabilities. 15.3.1 Adobe Inc.
Also, the high competition in the market is forcing companies to adopt different business strategies to gain optimal market share. Figure 15: Global: Team Collaboration Software (Communication and Co-Ordination) Market: Sales Value (in Million US$), 2016 & 2021
Increasing need to share and digitize visual data provides an opportunity for business development. According to Facts and Factors, the Global Team Collaboration Software Market size is expanding from USD 11.2 billion in 2020 to USD 23.5 billion by 2026, at a CAGR of approximately 13.14% between 2021 and 2026. 10.2.3.1 Market Trends
China, the world`s second largest economy, is forecast to reach a projected market size of. The Europe team collaboration software market is set to record a CAGR of 11.54% over the forecast period of 2021-2028. Collaborative working environment have witnessed change from deskbased work jobs to remote working, which has evolved the way teams works together. Along with solutions, organizations are also offering managed and professional services. Many regional companies have now adopted cloud-based Team Collaboration Software to boost worker productivity and company success. 10.4.1 Brazil
Collaboration tools are a crucial component of the technological stack as trends like remote work and freelancing gain popularity. The conferencing section will likely expand at a CAGR of 15.1% and hold the largest market share. People can communicate in real-time using team collaboration software as a tool or platform. Figure 30: Global: Team Collaboration Software (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
North America dominated the global market in 2020. Additionally, many team collaboration tools are a component of sizable collaboration platforms that combine a variety of other business applications. The Team Collaboration Software Market Report Contains Full TOC, Tables & Figures, and Chart with In-depth Analysis Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by. Globalization of the workforce is expected to accelerate small and large businesses' large-scale adoption of team collaboration software. The growth is mainly attributed to the increasing investments in advanced technology, availability of cloud service providers, and large number smartphone users in the region. Team Collaboration Software Market: Overview. Such developments are encouraging organizations to incorporate team collaboration software to optimize their workforce and facilitate effective interaction among employees. Figure 39: North America: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
15.3.12.1 Company Overview
The region-wise section of the global team collaboration software market includes North America, Europe, Asia-Pacific, and LAMEA. With this acquisition, Cisco will use BabbleLabss advanced. 9.3.1 Market Trends
China is the world's . Video and audio calls have replaced text messages in many teams' communication programs. Enterprises benefit from better control over remote access to various software platforms and information thanks to cloud-based team collaboration tools. Figure 8: Global: Team Collaboration Software Market: Breakup by Region (in %), 2021
The artificial intelligence built into the Kona bot enables businesses better to understand team members' preferred communication and working methods. Organizations are increasingly using team collaboration software to give workers various tools to increase productivity and efficiency. The global market size of the Team Collaboration industry is 213,469 companies, and there are 81 companies producing Team Collaboration technologies. Figure 41: United States: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
+1-800-792-5285 (TOLL-FREE) (UK): +44-845-528-1300 10.2.5.1 Market Trends
online dashboard trial. The global team collaboration software market size was USD 15.25 billion in 2020. The team collaboration software market share is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry. 9.6.2 Market Forecast
Thus, cloud based deployments are expected to dominate the market at present and is expected to witness significant CAGR in the team collaboration software market forecast period. Numerous SMEs, giant corporations, and start-up businesses operate in Asia-Pacific. Team collaboration software is developed with an intent to collaborate team communications, information sharing, and task status into one platform. Furthermore, the growing focus of health firms on delivering better patient care while reducing costs is driving the demand for team collaboration software to enable health workers in communicating and coordinating using mobile or desktop devices. This is likely to open up lucrative market potential. The global market is expected to showcase exponential growth in upcoming years and is expected to register a CAGR of 13.2% during the forecast period (2021-2028). What was the global team collaboration software market size in 2020? The global market size is inclusive of several team collaboration tools offered such as IceWarp Mail Server by IceWarp Ltd., Zoom Cloud Meetings by Zoom Video Communications, Inc., among others. Nowadays, transparency in working environment has become the necessity to achieve maximum productivity in an organization. Collaboration software is a broad phrase that refers to a variety of software . Top impacting factors that drive the team collaboration market growth include increase in adoption of cloud-based Software as a Service (SaaS) among various industries, rise in shift toward virtual businesses due to COVID-19 pandemic, and growing popularity of team collaboration software to reduce administration and maintenance cost. 6.2 Service
The healthcare sector is expected to witness exponential adoption of collaboration tools and will grow at highest CAGR over the forecast period. Figure 84: Others: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
When teams are massive, sophisticated, and geographically dispersed at the enterprise level, it's effortless for someone to overlook an email or forget to invite a remote team member to a meeting. See for yourself. Figure 73: Russia: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
As people work together, Kona checks out how they communicate and provides business leaders with insights on how to manage future interactions. The strong presence of several leading market players, such as Microsoft, Cisco Systems, Inc., and Asana, is also expected to create lucrative growth prospects for the market. 15.3.11.1 Company Overview
15.3.3.4 SWOT Analysis
Figure 10: Global: Team Collaboration Software (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
The global team collaboration software market size is anticipated to reach USD 56.67 billion by 2030, exhibiting a CAGR of 9.5% during the forecast period, according to a new report published by Grand View Research, Inc. The emergence of a number of branches and the high demand among policy makers and influencers to engage in meetings and discussions to strategize successful banking systems are further boosting the growth of this segment. 10. Who are the key players/companies in the global team collaboration software market? The large enterprises segment accounted for the largest market share in 2020. According to a Facts and Factors market research report, the global team collaboration software market was USD 11.2 Billion in 2020; further, this revenue is expected to reach around USD 23.5 Billion by the end of 2026, increasing at a CAGR of around 13.14% from 2021 to 2026.. 8.2.1 Market Trends
Major players operating in the global workforce management market include ADP, LLC, Infor, IBM Corporation, Kronos Incorporated, Oracle Corporation, SAP SE, SumTotal Systems, LLC, Verint Systems Inc., Workday, Inc., and WorkForce Software, LLC. For a start, the report provides an in-depth analysis of the current market situation through three different aspects - by region, by type and by application, which . team collaboration software market by software type (communication, conferencing, and coordination), by deployment mode (cloud-based and on-premise based), by enterprise size (small and medium enterprise (smes), and large enterprise), by end-user (banking, financial services and insurance (bfsi), it and telecommunications, manufacturing, retail 15.3.7.3 Financials
We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Team productivity leads a business to success and high production. Control of the project progress is important for companies for long-term success and to gain a competitive edge. Figure 9: Global: Team Collaboration Software (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
15.3.2.3 Financials
Software for team collaboration enables cross-continental team cooperation, promoting organizational communication transparency. Figure 58: Indonesia: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
5.3 Impact of COVID-19
15.3.4.3 SWOT Analysis
10.3.6.1 Market Trends
What is the breakup of the global team collaboration software market based on the software type? Some prominent players in the global team collaboration software market include: Revenue in USD billion and CAGR from 2022 to 2030, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Deployment, software type, application, region, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico. The IT and telecommunications segment had the largest market share in 2020. 14 Price Analysis
10.4 Latin America
10.2.2.2 Market Forecast
According to a report released by the U.S. BUREAU OF LABOR STATISTICS, social distancing has been one of the key public responses to the global COVID-19 pandemic. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. 10.4.3 Others
15.3.7.1 Company Overview
Team Collaboration Software Market Trends: With the increasing number of organizations adopting remote or hybrid working models, there is a rise in the need for team collaboration software to make remote work more transparent and efficient and maintain business continuity. tasks per community members and app market Pristine: video collaboration software for smart mobile devices, and smartglasses: Project . Tracup, Clickup, Wrike, and Basecamp are some of the most popular project management tools, although there are . North America holds the major market share. 10.3.5 Spain
The on-premise section will hold the second-largest share. 10.2.3.2 Market Forecast
Our support available to help you 24 hours a day, five days a week. On the basis of software type, the market is segmented as conferencing, communication, coordination. 10.3.2.1 Market Trends
9.9 Others
Modern and creative technology makes seamless collaboration among employees easier and more profitable, stimulates innovation, and provides companies with a competitive edge. As a result, in the following years, cloud-based SaaS models are anticipated to fuel market expansion. b. By software type, it is bifurcated into conferencing and communication and co-ordination. The cloud segment is expected to be the fastest growing segment during the forecast period. Team Collaboration Software to Power Remote Work and Video Conferencing amidst COVID-19 Pandemic. 10.2.1.2 Market Forecast
It also delivers a wide range of advantages, from cost savings to increasing productivity and enhancing security. It permits applications to function on equipment in an organization's premises rather than any remote facility, like server space or the cloud. The global team collaboration software market size was valued at USD 12,490 million in 2021. 9.2 Manufacturing
2.3 Data Sources
Figure 75: Others: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
The industry is further expected to grow at a CAGR of about 13.2% in the forecast period of 2023-2028 to reach a value of around USD 23.4 billion by 2026, driven by the changing work culture. The global team collaboration software market reached a value of about USD 11.1 billion in 2020. Team collaboration software is a type of software that helps teams to communicate and collaborate. 15.3.10.4 SWOT Analysis
The SaaS delivery model has significantly transformed team collaboration software into independent applications, mitigating slower response times and leading to lesser system failures. Besides, these cloud platforms offer flexibility to access collaborative tools through smartphones. Figure 77: Latin America: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
Many collaborative platform players helped industries to cope in their disrupted business. The details can be exchanged and deadlines can be set easily so that the management process is highly reliable. This segment comprises of team collaboration tools deployed on cloud environments. The coordination of project activities among various team members and teams is much easier with collaborative software solutions. Figure 56: Australia: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
The recently released Fortune Business Insights research on the Global Team Collaboration Software Market survey report provides facts and statistics regarding market structure and size. For instance, in January 2022, Zoom Video Communications, Inc. introduced a virtual show-floor Expo for Zoom Events that gives organizations more ways of engaging with participants. The team collaboration software market is segmented on the basis of component, deployment, software type, industry vertical, and region. By Component; Deployment; Enterprise Size; End-User and Region. The rising trend among companies in implementing intelligent meeting solutions for remote working provides exciting business growth prospects. Team Collaboration Software Market Size Report, 2030. The coronavirus pandemic, which spurred the need for work-from-home requirements, has boosted the demand for collaborative work products and the amount of time the workforce spends in team-related activities. Team Collaboration Software Market: COVID 19 Impact and Recovery - Global Analysis, Size, Share, Trends, Business Strategies, Challenges, Growth Forecast 2021 to 2030 REPORT ID 7615 Some hackers are able to reach corporate websites simply by following the standard web-based protocols. 10.3.5.2 Market Forecast
The primary factor for businesses to use team collaboration software is to improve the productivity among its employees who dont necessarily work in the same office space, and are working in diversified offices. Effective contact between teams enables the development of content for internal and external audiences, for production and publishing. 15.3.4.2 Product Portfolio
9.5.1 Market Trends
Adoption of Collaboration Tools to Efficiently Manage Projects will Boost Growth. The adoption of unified communication solutions by IT companies to promote efficient communication and cooperation is set to boost the growth of this segment. 2. The promising growth prospects of the market can be credited to the evolution of the modern workplace and the rising need to incorporate effective means of team collaboration across organizations. 15.3.3.2 Product Portfolio
Depending on the configuration of network security, the adoption of collaboration tools may open an insecure channel that can introduce malicious code or other forms of ransomware. Figure 40: North America: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
Also, businesses should be assured that the right technological innovations will pave the way to discover new and unexpected opportunities while also enhancing business efficiency. Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Figure 79: Brazil: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
Team Collaboration Software Market report provides an absolute overview of the market by covering many elements of market analysis, product definition, market segmentation, significant. The region's market is expanding due to ongoing technological developments, the presence of numerous team collaboration software providers, and the availability of highly skilled technical resources. Our report has categorized the market based on components, software type, deploymentand industry vertical. Datanyze helps you reach more than 13,203 contacts that are using Team Collaboration , including U.S. Department of Defense Walmart Amazon.com Find Contacts Top Team Collaboration Technologies Team collaboration software supports effective interaction among the individuals from the work group or team for effective communication. On the basis of deployment, the market is segmented as cloud, on-premise. The growth of the segment would occur on account of rising expenditure in healthcare industry and adoption of collaboration tools to effectively manage communication among healthcare professionals and teams. In the forecast period, the SMEs segment is projected to rise at the highest CAGR. Large Enterprises to Dominate Market Fueled by Demand for Digital Collaboration. Team collaboration software is developed with an intent to collaborate team communications, information sharing, and task status into one platform. Oracle Beehive: combines email, team collaboration, and conferencing in one collaboration platform . COVID-19 lockdowns and restrictions compelled businesses across the globe to implement the remote working model in 2020, which increased the demand for team collaboration software for virtual communication. The global team collaboration software market was valued at US$ 13.18 Billion in 2021. 10 Market Breakup by Region
Free trial, before you make a purchase decision. 5 Global Team Collaboration Software Market
Risks of Cyber Security Attacks and Loss of Important Data May Hinder Growth. This helps the company to achieve their goal and target. The market is projected to grow at a CAGR of 12.7% over the forecast duration. This report elaborates on the current development of the Team Collaboration Software industry thoroughly based on the international market dynamics and China's market situation. We expect the global team collaboration software market to exhibit a CAGR of 14.20% during 2022-2027. It looks quite comprehensive and the data is exactly what I was looking for. 7.2 Communication and Co-Ordination
Some prominent players in the global team collaboration software market include: Adobe Asana, Inc. Avaya Inc. AT&T, Inc. Regional Growth Insights Request Sample Pages, The Asia Pacific and North America will likely lead the regional market. In 2021, the top 10 Collaboration software vendors accounted for nearly 65.9% of the global Collaboration applications market which grew 20.3% to approach nearly $19.2 billion in license . 10.2.7.2 Market Forecast
Team Collaboration Software Market Segments: By Component Solution Web Conferencing Communications Task Management File Sharing and Synchronization Enterprise Social Network Others (Unified Messaging, Portals, Etc.) For instance, in June 2020, Google LLC, introduced roll free access to advanced features for Hangouts Meet to all G Suite and G Suite for education customers globally. Figure 72: Spain: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
This growth is due to the increasing digitalization of small and medium-sized enterprises. AVAYA INC, AT&T INC, CISCO SYSTEMS, INC, CITRIX SYSTEMS, INC, GOOGLE LLC, INTERNATIONAL BUSINESS MACHINES CORPORATION, MICROSOFT CORPORATION, ORACLE CORPORATION, SLACK TECHNOLOGIES, INC, SMART TECHNOLOGIES ULC. 13 Porters Five Forces Analysis
10.4.1.2 Market Forecast
Additionally, the on-premise deployment mode helps conferences even though it requires a sizable expenditure to implement and necessitates businesses to buy connected servers and system management software. Book your free consultation and let our research experts help you with your needs/problems. 10.2.1.1 Market Trends
The team collaboration software market is growing due to the favorable effects of such service diversification. Global and Chinese Team Collaboration Software Market 2022 is a professional and in-depth study on the current state of the global market with a focus on the Global and Chinese market. 10.3.7 Others
Pre-Post COVID-19 Impact on Global Team Collaboration Software Market. North America Team Collaboration Software Market, 2020 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Collaboration tools deliver a wide range of advantages from cost savings to increased productivity, and enhanced security. Collaboration Software Market size was valued at USD 5.16 Billion in 2020 and is projected to reach USD 13.48 Billion by 2028, growing at a CAGR of 12.75% from 2021 to 2028. Kona observes how individuals interact as they work together and gives company executives advice on handling upcoming interactions. 9. 15.3.4.1 Company Overview
For instance, in July 2020, Kona bot for Slack was launched by Sike Insights. Moreover, the ability of team collaboration software that provides coordination of cross-continent teams is driving the demand for collaborative platforms to improve the workflow efficiencies. ( UK: +44-753-713-2163 )
Apart from that, the reducing contact time across different departments improves operational efficiency and enhances the ability to generate profit. The need to initiate digital collaboration among large, dispersed teams and manage projects efficiently is contributing to the growth of this segment. 15.3.2.4 SWOT Analysis
The report focuses on the growth prospects, restraints, and market analysis. The global team collaboration software market is expected to grow at a compound annual growth rate of 9.5% from 2022 to 2030 to reach USD 56.67 billion by 2030. b. Figure 26: Global: Team Collaboration Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
3 Executive Summary
11.4 Opportunities
9.2.2 Market Forecast
Cloud-based team collaboration software are highly adopted by large enterprises, where the data volumes and number of teams working in an organization are high. 8.1.1 Market Trends
Figure 81: Mexico: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
The main element influencing Communication and Coordination and certain large-scale enterprises to use cloud-based team collaboration software models is a paradigm shift in deployment methods from on-premise to cloud-based models. For instance, Sike Insights introduced the Kona bot for Slack in 2020. The crisis is expected to increase the demand for team collaboration software in order to support the workforce. Figure 85: Middle East and Africa: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
The Covid19 pandemic has forced organizations to take a good look at the business continuity plans and assess their remote working readiness. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. Figure 61: Europe: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
15.3.1.1 Company Overview
Adoption of collaboration software and conferencing tools among businesses is one of the key drivers for market growth. What are the key factors driving the global team collaboration software market? 15.3.8 Microsoft Corporation
For more details, please read our privacy policy. 1. The market for team collaboration software in North America is also anticipated to develop due to such Software's accessibility on portable devices like smartphones and tablets. COVID-19 pandemic is the key factor having positive influence for the growth of global team collaboration software market. ), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. 10.2.4.1 Market Trends
2 Scope and Methodology
Figure 43: Canada: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021
Team Collaboration Software Market Overview 2022, Marketing Strategy and In-Depth Analysis Report by 2030 The global Team Collaboration Software Market Size Is Expected To Reach USD 26.24 Billion By 2028., at a CAGR of 12.7% during the forecast period. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. 10.3.7.2 Market Forecast
Digital transformation produces new product and service possibilities that would enable businesses to raise sales significantly and reduce costs by achieving higher performance. The growing need for employees to enter immersive meeting rooms without interruption would further boost the development of the industry. 9.1.1 Market Trends
What is the breakup of the global team collaboration software market based on the components? The report will account for Covid-19 as a key market contributor. The solution held the largest market share in 2020 and is expected to maintain its dominance over the forecast period. The integration of such solutions in personal devices can enable employees and businesses to attend conferences and meetings regardless of the place. The team collaboration software industry witnessed a spike in demand during the COVID-19 pandemic due to the introduction of policies, like work from home, across the world. This is attributed to ability of the collaboration software to bring diversified teams work together into a workspace and allow them share and schedule task in real time. Figure 21: Global: Team Collaboration Software (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
By continuing to visit this site you agree to our use of cookies . The healthcare segment is expected to expand at a CAGR of nearly 14% from 2022 to 2030. 9.8.1 Market Trends
The rising BYOD trend in small and medium-sized enterprises would also support the growth of this segment. It can also open a path for hackers to access the network and compromise personally identifiable information (PPI) or sensitive data that can harm business processes. This, in turn, is expected to hinder the market growth. Figure 64: Germany: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027
Everything successful in a business revolves around effective communication; therefore, team communication aids in goal achievement, and coordination lessens monotonous work. The market is projected to grow from USD 17.15 billion in 2021 to USD 40.79 billion in 2028 at a CAGR of 13.2% during the 2021-2028 period.
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Range of advantages from cost savings to increased productivity, and enhanced security enhancing security, training and,...