Top Growth Trends in the Enterprise Collaboration Software Market: Key Insights and Opportunities for 2025-2034
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How has the Enterprise Collaboration Software market size evolved in recent years?
The market size of enterprise collaboration software has experienced swift expansion in the past few years. Forecast predicts a rise from $63.85 billion in 2024, to $71.03 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.3%. The growth throughout the historical span can be traced back to the rising demand for project and task management solutions, the quest to boost competitive advantage, the growing endorsement of video conferencing and webinar tools, as well as the amplified use of social media and instant messaging for collaborative purposes.
What are the predictions for the enterprise collaboration software market size in the coming years?
The market size for enterprise collaboration software is set to significantly expand in the upcoming years, reaching $109.32 billion in 2029, with a compound annual growth rate (CAGR) of 11.4%. Factors contributing to this projected growth within the forecast period include increased use of mobile devices, data production, demand for mobile collaboration tools, the uptake of cloud-based services, and a growing necessity for both real-time and remote collaboration. Key trends expected in the forecast period are the incorporation of cutting-edge technologies such as AI, IoT, and ML, product advancement, technological progress, the creation of workplace connectivity platforms, and a surge in investments towards remote working environments.
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What key factors are fueling the growth of the enterprise collaboration software market?
The increasing adoption of mobile devices is set to drive the advancement of the enterprise collaboration software market. A mobile device, being a portable, lightweight handheld computer, is becoming more commonplace. This trend is due to several reasons, encompassing convenient access to data and communications, the widespread presence of high-speed internet, and the growth of Wi-Fi networks. The utilization of mobile devices enhances the application of corporate collaboration software by providing users with greater flexibility, portability and access, enabling successful interaction and productivity regardless of location or device used. For instance, Uswitch Limited, a UK-based online and telephone comparison platform, reported in February 2023 that there were 71.8 million active mobile connections in the UK in 2022, representing a 3.8% rise from the year before. By 2025, it’s projected that 95% of the UK’s predicted 68.3 million population will own smartphones. Hence, the escalating use of mobile devices is fuelling the growth of the enterprise collaboration software market.
How is the global enterprise collaboration software market divided into key segments?
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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Who are the key firms paving the way for growth in the enterprise collaboration software market?
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
Which trends are expected to transform the enterprise collaboration software market?
Leading firms in the enterprise collaboration software market are leveraging innovative technologies like cloud migration platforms to provide customers with more sophisticated features. Cloud migration platforms, comprising a variety of tools and services, aid in transferring data, applications, or other business elements from a physical data center to a cloud-based environment, or between different cloud platforms. For instance, in March 2023, the software entity Flexera, based in the United States, introduced Flexera One FinOps, an assortment of enterprise collaboration resources and solutions crafted to aid cloud teams in their collaboration with organizational partners and stakeholders. This product not only improves the fusion of IT asset management (ITAM) and FinOps, but also boosts enterprises’ ability to upgrade their visualization and allocation of cloud usage and billing considerably. In addition, Flexera One FinOps allows for proficient management of hybrid IT estates and cloud service operation on a large scale. This novel solution delivers a unified view of the entire technological ecosystem, promoting collaboration between cloud teams, ITAM, software license management (SLM), IT operations, engineering, finance, architectural, and security teams throughout the organization.
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What regions are contributing significantly to the growth 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.
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