Collaborative Whiteboard Software Market 2022 Precise Outlook - BreakAway Games, Designing Digitally Inc., Diginext (CS Group), MPS Interactive Systems

Market Insights Reports has added new statistical data to its repository titled as, Global Collaborative Whiteboard Software Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Global Collaborative Whiteboard Software market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The collaboration whiteboard software market is expected to register a CAGR of 9.8% during the forecast period (2021-2026).

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Top Key Players in the Global Collaborative Whiteboard Software Market are Cisco Systems Inc., InVision, Miro, MURAL, ezTalks, Explain Everything, BeeCanvas, AWW App, Bluescape, Google Jamboard, Microsoft Corporation, Zoom Video Communications, and others. 

Industry News and Update:

- May 2020 - Microsoft launched the Surface Hub 2S digital collaboration device in India. The all-in-one digital whiteboard, meeting platform, and teamwork collaborative computing device is priced at INR 11,89,999, which includes a Surface Hub 2 Camera and a Surface Hub 2 Pen.

- April 2020 - Miro received a USD 50 million Series B for digital whiteboard as demand surges. Iconiq Capital led the round with help from Accel and a slew of individual investors.

Key Market Trends:

The outbreak of COVID-19 is Expected to Drive the Market

- With the outbreak of COVID-19 in various countries globally, many governments to curb the virus governments announced lockdown of the whole which include the United States, major European countries, and the even Asia-Pacific countries, such as China, India, and Singapore, due to which many organizations and educational institutions are promoting the usage of collaborative whiteboards as employees and students tend to work from home during the crisis.
- The surge in the adoption of web conferences among enterprises owing to increasing demand for visual meetings, which saves traveling time for organizations, growing user comfort, and rising access to high-quality internet connections, are other factors that drive the market in this region.
- Microsoft Teams, a team collaboration software from Microsoft, witnessed a 40% increase in demand due to adjustment of the businesses to remote work and school closures, which required the adoption of e-learning techniques. Microsoft's even launched new Teams features are designed to improve remote meetings as they become the default work mode rather than the pre-pandemic exception.
- In the week from March 11 to March 18, 2020, Microsoft Teams witnessed 12 million new users using its service on a daily basis. It has also seen a total of over 900 million meetings and calling minutes a day generated by 44 million daily users over the space of a single week.

North America is Expected to Hold Significant Market Share

- According to ALM Media Properties, LLC, more than 58% of the working population in the United States is working from home. As remote workers and decentralized office spaces are becoming more commonplace, hosting a meeting can be tricky irrespective of how effective a video conferencing system is. Keeping participants engaged is not always easy.
- Also, the increased electronic device penetration has resulted in the high adoption of BYOD, which has forced companies to adopt cloud collaboration to address employee needs. Furthermore, the presence of prominent startups with an aggressive BYOD policy and freedom for employees has augmented the growth of the collaborative whiteboard software market.

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This Global Collaborative Whiteboard Software Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Collaborative Whiteboard Software market:

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– Where are the greatest dangers?              

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