About Online Team Collaboration Tools
Online team collaboration tools are a type of application software that is highly utilized by corporate people to connect virtually with team members and co-workers during working hours. In recent times, the outburst of coronavirus pandemic has led many enterprises or corporate offices to adopt remote working, thereby the demand for team collaboration tools has also been increased. Tools provide effective communication between the team members and also allows to schedule business meetings, conferences, online classes, etc.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Online Team Collaboration Tools market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Google (United States), Microsoft Corporation (United States), Zoom Video Communications (United States), Cisco (United States), Flowdock Ltd (Finland), Slack Technologies (United States), Monday.com (Israel), Atlassian (Australia), Asana (United States) and Basecamp (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Team Collaboration Tools market by , Application (Direct Messaging, Video Conferencing, Forums and Online Group Tasks) and Region.
On the basis of geography, the market of Online Team Collaboration Tools 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). If we see Market by End-users, the sub-segment i.e. Commercial will boost the Online Team Collaboration Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Android will boost the Online Team Collaboration Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Technological Advancements Such as AI and Analyzation in the Online Team Collaboration Tools
Market Growth Drivers:
Increasing Need for Innovative Tools by Various Enterprises to Share and Transfer Messages, Files, and Documents with Co-workers and Connect with The Team During Working Hours
Challenges:
The User Can Face Disconnection Issues If They Have Connectivity Issue That May Lead towards the Miscommunication
Restraints:
Some of the Tools are Unreliable That Increases Users’ Concern Related to their Privacy
Opportunities:
Increasing Demand for Online Team Collaboration Tools Due to the Emerging New Norm of Remote Working
Market Leaders and their expansionary development strategies
In May 2021, Salesforce.com, Inc. announced the acquirement of Slack Technologies to compete against long-time industry powerhouse Microsoft. Slack Technologies offers enterprise collaboration platform that allows users to engage in direct messaging, group channel messaging, document sharing, and limited intra-organisation voice-and-video-calling. The acquisition will help Salesforce.com to expand its new SaaS app portfolio across the globe.
In August 2021, Google Workspace and Miro, an online collaborative whiteboarding platform, are a new partnership that makes it easier and more effective for teams to collaborate virtually or offline. Integration with Google Workspace and Miro makes it easy for teams to brainstorm and co-create ideas asynchronously and in real-time in Google Meet and Google Docs, Sheets, and Slides.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Online Team Collaboration Tool Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.