Press release
Team Collaboration Software Market Ongoing Trends and Recent Developments with Key Companies like Adobe, Cisco, Mitel, Avaya, Oracle, Slack, IBM, Blackboard
To Gain More Insights into the Team Collaboration Software Market, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/team-collaboration-software-market-101327
“Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Team Collaboration Software market,” said a lead analyst at Fortune Business Insights.
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Top Players Overview:
Some of the leading players operating in the global Team Collaboration Software Market include;
• Adobe
• Cisco
• Mitel Networks Corp.
• Avaya Inc.
• Comindware Inc.
• Slack
• AT & T
• Blackboard Inc.
• Dropbox
• AudioCodes Limited
• Citrix Systems Inc.
• Oracle
• IBM
• Microsoft
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
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Work-from-home and BYOB Trends to Aid in Expansion of Market
The advent of digitalization is the prime factor promoting team collaboration software market growth. Additionally, the rising prevalence of smartphone users, coupled with the advancements in the latest technologies, is further expected to help increase the overall team collaboration software market size in the forecast period. Furthermore, the rising trend of Bring Your Device (BYOB), and Work-from-home culture is further anticipated to help attract more team collaboration software market revenues in the coming years.
Rising Penetration of Smartphones to Help North America Emerge Dominant
From a geographical perspective, the global team collaboration software market is widespread into the following regions, namely Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Among these North America earned a dominant team collaboration software market share owing to the stable economic growth, accompanied by the technological developments and rise in penetration of smartphones in and around the region. In 2018, North America earned USD 4.54 billion and this is likely to increase up to USD 9.26 billion by the end of the forecast year.
Major Segments Mentioned:
• By Component
• By Deployment
• By End-user
• By Geography
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Team Collaboration Software market.
Some of the key industry developments in the team collaboration software market are:
September 2018 – Astro was acquired by Slack for helping about more than 12M Daily Active Users (DAU) and over 100k paid customers by simplifying the job of moving conversations from an email into Slack. The company is planning its strategic acquisition for improving the regular customer experience in terms of slack application.
July 2019 –A new Unified Communications (UC) product, namely Grasshopper Connect, was launched by LogMeln, Inc. This product is designed for providing all types of business communications in a single and easy-to-use application format to small businesses. This will further help to strengthen the Unified Communications portfolio on the one hand and help business management easier for small companies on the other.
Regional Analysis:
• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
The report also offers insights into the key players operating in the global Team Collaboration Software market.
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Major Table of Content for Team Collaboration Software Market:
• Introduction
o Definition, By Segment
o Research Approach
o Sources
• Executive Summary
• Market Dynamics
o Drivers, Restraints and Opportunities
o Emerging Trends
• Key Insights
o Macro and Micro Economic Indicators
o Consolidated SWOT Analysis of Key Players
• Global Team Collaboration Software Market Analysis, Insights and Forecast, 2015-2026
o Key Findings / Summary
o Market Size Estimates and Forecasts
By Component (Value)
• Solutions
o Conferencing
o Communications
o Task Management
o File sharing and Synchronization
o Enterprise Social network
• Services
o Professional Services
Integration and Implementation
Training and Education
Support and Maintenance
o Managed Services
By Deployment Type (Value)
• On-premise
• Cloud
By Organization Size (Value)
• SMEs
• Large Enterprises
By End-User (Value)
• BFSI
• IT and Telecommunications
• Manufacturing
• Retail and Consumer Goods
• Healthcare
• Transportation and Logistics
• Education
• Others
By Region (Value)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Complete TOC Available Here…
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