Team Collaboration Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Team Collaboration Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5449
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Market Overview:

The global team collaboration software market reached a value of US$ 13.18 Billion in 2021. Looking forward, IMARC Group 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.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

IMARC Group 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:

 

 
 

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  • 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:

 

 
 

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  • 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.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Components, Software Type, Deployment, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Team Collaboration Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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