Global Cloud Collaboration Industry

Global Cloud Collaboration Industry

  • April 2021 •
  • 114 pages •
  • Report ID: 5798143 •
  • Format: PDF
Abstract:
- Global Cloud Collaboration Market to Reach $70.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Cloud Collaboration estimated at US$31.9 Billion in the year 2020, is projected to reach a revised size of US$70.6 Billion by 2027, growing at a CAGR of 12% over the analysis period 2020-2027. Unified Communication & Collaboration, one of the segments analyzed in the report, is projected to record a 12.4% CAGR and reach US$36.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Document Management System segment is readjusted to a revised 11% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 11.5% CAGR
- The Cloud Collaboration market in the U.S. is estimated at US$9.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.3 Billion by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 10.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.
- Project & Team Management Segment to Record 10% CAGR
- In the global Project & Team Management segment, USA, Canada, Japan, China and Europe will drive the 9.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion in the year 2020 will reach a projected size of US$7.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.3 Billion by the year 2027.

- Select Competitors (Total 44 Featured) -
  • Cisco Systems, Inc.
  • Google LLC
  • Intralinks Holdings, Inc.
  • Jive Software, Inc.
  • Microsoft Corporation
  • Mitel Networks Corporation
  • Oracle Corporation
  • Salesforce.com, Inc.