Cloud Collaboration Market 2022 Analysis by Recent Developments- Microsoft Corporation, Cisco Systems Inc., Oracle Corporation, HighQ Solutions, IBM Corporation, Box Inc., Citrix Systems Inc

The report considers the present scenario of the Cloud Collaboration Market and its dynamics for the forecast period 2022-2026. Cloud Collaboration Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

The Cloud Collaboration market was valued at USD 31.78 billion in 2020 and is expected to reach USD 66.92 BIllion in 2026, registering a CAGR of 13.43% over the forecast period (2021-2026).

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The Cloud Collaboration market is highly competitive and consists of a number of major players. Companies like Microsoft Corporation, Cisco Systems Inc., Oracle Corporation, HighQ Solutions, IBM Corporation, Box Inc., Citrix Systems Inc., Jive Software Inc., Mitel Networks Corp., Intralinks Holdings Inc., Salesforce.com Inc., Hyperoffice, Atlassian Corporation PLC, Adobe Systems, Zoho Corporation Amongst Others.

Key Developments:

- May 2020 - Microsoft announced a slew of updates for its Teams collaboration and communications platform. Teams is getting new capabilities in the Shifts app, including new triggers and templates, to enable auto- approvals for shift requests.
- April 2020 - TrackingTime announced its new collaboration with Microsoft Teams. It is for team users, freelancers, and the employers and employees of even the largest corporations to track the time spent on any specific project. Besides task and project management, the software includes attendance and team management, timesheets, and client reports. As teams work on projects, the hours are stored to make reports easier than ever to complete.
- March 2020 -Cloud services provider, Volterra, announced its encryption tool to make file sharing via collaborative platforms more secure without using passwords or public-key cryptography. VoltShare encrypts data and files locally to add an extra layer of security to collaboration and cloud storage platforms, including Slack, Teams, and Dropbox.

Key Market Trends:

Unified Communication and Collaboration Solutions to Drive the Market Growth
- Unified communication and solution have been making it easier for workers to stay connected to other employees and for customers and clients to reach them no matter where they are. With the need to make the enterprises more efficient and collaborative, the last few years have seen collaboration solutions rise steadily. These tools have increased the productivity and unlocked innovation by enabling virtual teams to work together across geographies.
- Another trend driving the demand for cloud-based solutions is the enterprises' desire to incorporate collaboration and communication tools into their business applications and workflow integration.
- Unified communications and solutions, since their launch, have emerged as a cost-effective solution for multiple organizations across various industries, such as healthcare and education. Moreover, the cloud-based delivery of these unified communications offered by companies, such as Mitel Networks Corporation and IBM, shapes the way organizations are managing their communication networks.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Cloud Collaboration Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Cloud Collaboration Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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