Industry Background:
Collaboration Software is application software that is designed to help people involved in a common task to achieve the common goal. It helps the users to build the workplace that is accessible and viewable by all the other users from different locations. Collaborative software allows processing, sharing of documents, file and manage the system with several users. Improved communication, less conflict, division of work, product management & productivity, accessible & affordable, meeting management, instant messaging, mobile access, team conversation, ease of use, task scheduling, track update, and to-do list are few factors that are propelling the market for collaboration software. Moreover, declining prices of cloud computing, rising investments in cloud security, increasing outsourcing of projects and growing collaboration between technology providers and original equipment manufacturers are expected to increase global collaboration software market in the forecasted period.This growth is primarily driven by Growing Adoption of Smartphones and Internet Penetration, Rising Demand for Communication & Conferencing Solutions in Organizations and Rise in DevOps Collaboration and SMAC ecosystem in IT & Telecom Sector.
Globally, a noticeable market trend is evident Bring your Own Device (BYOD) at Work. Major Players, such as International Business Machines Corporation (United States), Microsoft Corporation (United States), Asana (United States), Cisco Systems, Inc. (United States), Oracle Corporation (United States), Google Inc. (United States), Citrix Systems, Inc. (United States), Teamviewer Gmbh (Germany), Slack Technologies, Inc. (United States), Evernote Corporation (United States), Logmein, Inc. (United States), Surveymonkey Inc. (United States), Wrike, Inc. (United States), Box, Inc. (United States) and Dropbox Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On March 6, 2019 - Avaya on introduced new video collaboration offerings designed for smaller meeting spaces which don’t require a laptop connection and provides a wide field of view for huddle spaces.
Market Drivers
- Growing Adoption of Smartphones and Internet Penetration
- Rising Demand for Communication & Conferencing Solutions in Organizations
- Rise in DevOps Collaboration and SMAC ecosystem in IT & Telecom Sector
Market Trend
- Bring your Own Device (BYOD) at Work
Restraints
- Higher Investment Infrastructure Cost Involved In Implementing System
- Concern Regarding Safety and Security
Opportunities
Rising Attractiveness of Various Public Networking Web Services
Challenges
Lack of Skilled Professionals and Absence of Network Infrastructure in Under Developed and Developing Region
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Collaboration Software Study Sheds Light on
The Collaboration Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Collaboration Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Collaboration Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.