Press release
Collaboration Software Market 2020-2030 Trends With Top Key Players Oracle Corporation, IBM Corporation, Microsoft Corporation, Google (Alphabet Inc.), Cisco System, Inc.
Collaboration Software Market
The global collaboration software market is expected to grow from $8.9 billion in 2019 to about $23 billion in 2020. Collaboration software allows processing, management and sharing of documents and other files among systems or several users. During Covid-19, collaboration software enables hassle-free remote working for employees working from home. Several organizations are utilising collaboration software for their regular meetings and updates. Therefore, the market is expected to see rapid growth in market size in 2020. The market is expected to stabilize and reach $17.1 billion at a CAGR of 17.6% through 2023.
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The collaboration software market consists of sales of team collaboration software and its related services. The collaboration software aims to facilitate communication between the team members by providing a convenient and informal space to the user, perform group talks, and share relevant information. Team collaboration software is a platform to facilitate quick communication, address questions and queries, access shared knowledge & files, and check tasks. It offers various features such as task management, file sharing, messaging, document collaboration, VoIP and video conferencing, task management, calendar, integration, and search.
Increasing remote work culture is a major driver for the growth of the collaboration software market. According to Flexi Jobs’ Remote Work Statistics published in February 2020, major growth was recorded in the number of people working remotely in the USA. The number of people working remotely increased to 159% between 2005 and 2017. The count of people working remotely in the USA was 3.9 million in 2015 and increased to 4.7 million or 3.4% of the total population in February 2020. Moreover, the COVID-19 outbreak has forced many companies to streamline work from home which in turn is projected to generate higher demand for team collaboration software market in the forecast period.
Collaboration Software Market Segmentation: -
By Type
Conferencing software
Communication and Coordination Software
By Deployment
Cloud
On-premise
By End User
IT & Telecom
BFSI
Retail
Healthcare
Government
Others
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Few Points From Table Of Content
1. Executive Summary
2. Collaboration Software Market Characteristics
3. Collaboration Software Market Size And Growth
4. Collaboration Software Market Segmentation
5. Collaboration Software Market Regional And Country Analysis
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.
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25. Collaboration Software Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Collaboration Software Market
27. Collaboration Software Market Trends And Strategies
28. Collaboration Software Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Collaboration Software Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Collaboration Software Market are Citrix Systems Inc., Slack Technologies, Inc., Oracle Corporation, IBM Corporation, AT&T Intellectual Property, Cisco System, Inc., Microsoft Corporation, Google (Alphabet Inc.), BOX, Inc., TeamViewer GmbH
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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