What is Telecommuting Software Market?
It is estimated that up to half of United States workers are currently working from home, more than double the fraction who worked from home (at least occasionally) in 2017-18. Telecommuting software, also known as working from home, is a software that helps make the working from home experience more productive. It is becoming increasingly popular in the United States. This software allows users to join a meeting from almost anywhere. It provides a user-friendly experience as well as easy-to-use functions, enabling seamless virtual meetings and conferences with managers and team members from all around the globe. It has various advantages such as higher employee satisfaction, better work-life balance, increased flexibility, reduced operational costs and others.
The market study is being classified and major geographies with country level break-up.
Microsoft Corporation (United States), IBM Corporation (United States), Slack Technologies, Inc. (United States), Corel Corporation (Canada), HubSpot (United States), btrax, Inc. (United States), Scoro Software (United Kingdom), Asure Software (United States), GIITIC (United States) and BambooHR (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Telecommuting Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Telecommuting Software market by Type, Application and Region.
On the basis of geography, the market of Telecommuting 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Number of People Working from Home
- High Benefits of Telecommuting Software such as Cost-Efficient and Ease of Use
- Increased Level of Flexibility and Increased Productivity
Market Trend
- Increased Adoption of Cloud-Based Solutions
Restraints
- Privacy and Security Concerns
Opportunities
- Increasing Adoption of Work from Home Culture
- High Demand from Numerous Industries
Challenges
- Internet Connectivity Issues Related to Operation
1st December 2020, Salesforce, the global leader in CRM, and Slack Technologies, Inc., the most innovative enterprise communications platform, has entered into a definitive agreement under which Salesforce will acquire Slack. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world.
Key Target Audience
Telecommuting Software Developers, Distributors, Emerging Companies, Research Professionals and End-users