The global team collaboration software market reached a value of US$ 13.18 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 30.19 Billion by 2027, exhibiting a CAGR of 14.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Team collaboration software helps maximize teamwork effectiveness by providing a central platform wherein employees can share knowledge, data, and documents to solve specific business problems or complete creative projects together. Its core features include social networking, document management, powerful search engines, task management, and smooth user interfaces on any device. It also delivers a wide range of advantages, from cost savings to increasing productivity and enhancing security. Consequently, several organizations are incorporating team collaboration software into their day-to-day business operations for allowing teams to interact from any location on the cloud and boosting company productivity and growth.
Team Collaboration Software Market Trends: With the increasing number of organizations adopting remote or hybrid working models, there is a rise in the need for team collaboration software to make remote work more transparent and efficient and maintain business continuity. Apart from this, due to the growing volume of financial transactions, banks are embedding digital collaboration into process workflows to improve employee productivity. In addition, with a large amount of sensitive data being handled, team collaboration software is gaining traction in the oil and gas industry as it helps increase communication while removing the disconnect between teams, thereby saving time, improving safety for ground teams, and identifying poor-performing workflows. Furthermore, the growing focus of health firms on delivering better patient care while reducing costs is driving the demand for team collaboration software to enable health workers in communicating and coordinating using mobile or desktop devices. Besides this, the thriving e-commerce industry is expanding the use of team collaboration software in the transportation sector to make a real-time network between suppliers, shippers, and carriers.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global team collaboration software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on components, software type, deployment and industry vertical.
Breakup by Components: Solution Service
Breakup by Software Type: Conferencing Communication and Co-Ordination
Breakup by Deployment: On-Premises Cloud-based
Breakup by Industry Vertical: BFSI Manufacturing Healthcare IT and Telecommunications Retail and E-commerce Government and Defense Media and Entertainment Education Others
Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being Adobe Inc., AT&T Inc, Avaya Inc., Blackboard Inc. (Anthology Inc.), Cisco Systems Inc., Citrix Systems Inc, International Business Machines Corporation, Microsoft Corporation, Open Text Corporation, Oracle Corporation, Slack Technologies LLC (Salesforce Inc.) and SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.).
Key Questions Answered in This Report: How has the global team collaboration software market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global team collaboration software market? What are the key regional markets? What is the breakup of the market based on the components? What is the breakup of the market based on the software type? What is the breakup of the market based on the deployment? What is the breakup of the market based on the industry vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global team collaboration software market and who are the key players? What is the degree of competition in the industry?
Our reports have been used by over 10K customers, including:
The Global Operational Technology Market size is expected to reach $221 billion by 2028, rising at a market growth of 5.7% CAGR during the forecast period. Operational technology monitors and regulates the performance of physical devices. The capacity to remotely monitor and manage physical equipment is a key element of operational...
Team Collaboration Software Market Size, Share & Trends Analysis Report By Deployment, By Software Type, By Application (Retail, Healthcare, BFSI, IT & Telecom), By Region, And Segment Forecasts, 2022 - 2030 Team Collaboration Software Market Growth & Trends The global team collaboration...
300 pages •
By The Business Research Company
• Mar 2022
Major companies in the design, editing & rendering software market include Adobe Systems Incorporated, Dassault Systemes, Google, AUTODESK, INC., Synopsys, Inc., Trimble Inc., Siemens AG, ANSYS, Larsen & Toubro ltd. and NEMETSCHEK GROUP. The global design, editing & rendering software market is expected to grow from $42.61 billion in...
The eDiscovery market is projected to grow from USD 11.2 Billion in 2022 to USD 17.1 Billion by 2027, at a compound annual growth rate (CAGR) of 8.7% during the forecast period. eDiscovery market is rapidly gaining acceptance worldwide by enterprises and corporates. Training and consulting services include industry experts, domain experts,...
The drone software market is projected to grow from USD 5.1 Billion in 2022 to USD 11.2 Billion by 2027, at a CAGR of 17.1% from 2022 to 2030. Increasing private investments in drones and Increasing use of drones for automated remote infrastructure inspectionare some of the factors fueling the growth of the market. According to primary...
175 pages •
By The Business Research Company
• Jun 2022
Major players in the digital rights management market are Adobe Systems, Apple Inc., Dell EMC Corporation, Oracle Corporation, Microsoft Corporation, Fasoo Inc., Seclore Technology, Sony Corporation, Verisign Inc, Hewlett-Packard, Vera Security Inc, Vitrium Systems Inc., Nextlabs Inc., Intertrust Technologies Corporation, and Vobile Inc. The...
120 pages •
By Infiniti Research Limited
• Jun 2022
Global Business Productivity Software Market 2022-2026 The analyst has been monitoring the business productivity software market and it is poised to grow by $ 98.39 bn during 2022-2026, accelerating at a CAGR of 14.24% during the forecast period. Our report on the business productivity software market provides a holistic...
Research on Automakers’ Platforms and Their Planning: the Strategic Layout Directions of 32 Automakers At present, global automotive industry is in the midst of profound changes unseen in a century. This can be intensively demonstrated through energy, power system, E/E architecture, intelligence and connectivity, application scenarios,...
120 pages •
By Infiniti Research Limited
• May 2022
Global RFID Middleware Market 2022-2026 The analyst has been monitoring the rfid middleware market and it is poised to grow by $ 2.68 bn during 2022-2026, accelerating at a CAGR of 10.84% during the forecast period. Our report on the rfid middleware market provides a holistic analysis, market size and forecast, trends,...
This IDC Market Share discusses European AI life-cycle software revenues, broken down by vendor for 2021."The European AI life-cycle software market expanded at breakneck pace as business conditions improved with the easing of COVID-19 measures. The category grew 49.5% to $1.1 billion in 2021," said Jack Vernon, senior research analyst, European...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.