Global Collaboration Software Market
Information Technology

Global Collaboration Software Market Outlook, Opportunities And Strategies

Learn about the global collaboration software market through The Business Research Company, which provides information on collaboration software market size, collaboration software market drivers and restraints, collaboration software market players, the COVID-19 impact on the collaboration software market, and more.

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The global collaboration software market is expected to decline from $22.67 billion in 2020 to $13.1 billion in 2021 at a compound annual growth rate (CAGR) of -42.2%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The collaboration software market is expected to reach $19.69 billion in 2025 at a CAGR of 11%.

Increasing remote work culture is expected to drive innovation in collaboration software, thus driving the market during the forecast period.

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The collaboration software market consists of sales of team collaboration software and its related services. The collaboration software aims to facilitate communication between the team members by providing a convenient and informal space to the user, perform group talks, and share relevant information. Team collaboration software is a platform to facilitate quick communication, address questions and queries, access shared knowledge & files, and check tasks. It offers various features such as task management, file sharing, messaging, document collaboration, VoIP and video conferencing, task management, calendar, integration, and search.

Global collaboration software market segments include:

By Software Type: Conferencing Software, Communication And Coordination Software

By Deployment: Cloud, On-Premise

By End User: IT & Telecom, BFSI, Retail, Healthcare, Government, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the collaboration software market are increasingly investing in research and development to cater to the needs of the users and enhance coordination amongst the teams.

TBRC’s collaboration software market report covers:

Major Market Players: Citrix Systems Inc., Slack Technologies, Inc., Oracle Corporation, IBM Corporation, AT&T Intellectual Property, Cisco System, Inc., Microsoft Corporation, Google (Alphabet Inc.), BOX, Inc., and TeamViewer GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Collaboration Software Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides collaboration software market overviews, analyzes and forecasts market size, share, collaboration software market players, collaboration software market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s collaboration software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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