Press release
Enterprise Collaboration Software Market Set to Reach $109.32 Billion by 2029 with 11.4% Yearly Growth
Enterprise Collaboration Software Market Driver
The enterprise collaboration software market has grown rapidly in recent years. It will grow from $63.85 billion in 2024 to $71.03 billion in 2025, at a compound annual growth rate (CAGR) of 11.3%. Growth is driven by the demand for project and task management solutions, the need to increase competitive advantage, growing adoption of video conferencing and webinar tools, and increasing use of social media and instant messaging for collaboration.
The enterprise collaboration software market will reach $109.32 billion by 2029 at a CAGR of 11.4%, driven by mobile collaboration, cloud services, and remote work. Trends include AI, IoT, and ML adoption, workplace connectivity, and remote collaboration investments.
What Are the Forces Behind the Rapid Growth of the Enterprise Collaboration Software Market?
The growing usage of mobile devices is expected to drive the growth of the enterprise collaboration software market. Mobile devices provide portability and easy access to information, allowing greater flexibility and mobility. The increasing use of mobile devices is enhancing the effectiveness of workplace collaboration software, enabling users to stay productive regardless of their location. For example, in 2022, there were 71.8 million active mobile connections in the UK, a 3.8% increase from the previous year. With the majority of the population projected to own smartphones by 2025, the growing use of mobile devices is propelling the enterprise collaboration software market.
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Who Are the Dominant Companies Influencing Enterprise Collaboration Software Market Trends?
Major companies operating in the enterprise collaboration software market are Google LLC, Microsoft Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco System Inc., Oracle Corporation, SAP SE, Salesforce Inc., Adobe Systems Inc., Workday Inc., Zoom Video Communications Inc., Atlassian Corporation PLC, RingCentral Inc., Polycom Inc., Mitel LLC, TIBCO Software Inc., Zoho Corporation Pvt. Ltd., Slack Technologies Inc., Dialpad Inc., Wrike Inc., Figma Inc., Calendly LLC, Airtable, Workfront Inc., Notion Labs Inc., ProofHub LLC, Chanty Inc., Axero Solutions LLC, Aurea Software Inc., Nextcloud GmbH
What Are the Different Segmentations in the Enterprise Collaboration Software Market?
The enterprise collaboration software market covered in this report is segmented -
1) By Deployment Type: On-Premise, Cloud-Based
2) By Application: Communication Tools, Conferencing Tools, Coordination Tools
3) By End-User Industry: Telecommunications And IT, Travel And Hospitality, BFSI (Banking, Financial Services And insurance), Retail And Consumer Goods, Education, Transportation And Logistics, Healthcare, Other End-User Industries
Subsegments:
1) By On-Premise: Self-Hosted, Dedicated Servers
2) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
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Which Region Is at the Forefront of the Enterprise Collaboration Software Market?
North America was the largest region in the enterprise collaboration software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise collaboration software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Enterprise Collaboration Software Global Market Report?
- Market Size Analysis: Analyze the Enterprise Collaboration Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Enterprise Collaboration Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Enterprise Collaboration Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Enterprise Collaboration Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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