Collaborative Whiteboard Software Market Scope
The global collaborative whiteboard software market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising demand for collaboration & file sharing in organisation coference meetings is expected to be one of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft (United States), Cisco Systems, Inc. (United States), Zoom Video Communications, Inc., Google LLC (United States), InVisionApp Inc. (United States), Stormboard (Canada), Bluescape (United States), Miro (United States), Tactivos Inc DBA MURAL (United States), Verizon Communications, Inc. (United States) and Conceptboard (Germany) |
CAGR | % |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Collaborative Whiteboard Software market throughout the predicted period.
Microsoft (United States), Cisco Systems, Inc. (United States), Zoom Video Communications, Inc., Google LLC (United States), InVisionApp Inc. (United States), Stormboard (Canada), Bluescape (United States), Miro (United States), Tactivos Inc DBA MURAL (United States), Verizon Communications, Inc. (United States) and Conceptboard (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Collaborative Whiteboard Software market by Type , by Application (Communication Tools, Design Tools, Content Management, Productivity Tools, Integrations, Administration and Others) and Region with country level break-up.
On the basis of geography, the market of Collaborative Whiteboard Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Organisational Operations Reducing the Demand for Collaborative Whiteboard Software
Influencing Trend:
Implementation of Artificial Intelligence (AI) & Machine Learning (ML) in Collaborative Whiteboard Solutions
Market Growth Drivers:
Growing Demand for Collaboration on Conference Meetings and Demand for File Sharing in Collaborative Meetings
Challenges:
Short-term Challenges due to Reduced Operations Across Different Markets & Economic Crisis Across the World
Restraints:
High Cost of Solution
Opportunities:
Opportunities in the Asia Pacific Region due to Rising Number of SMEs