What is Online Communication Tools Market?
Online Communication tools are apps that act as virtual, online meeting rooms for team members, enabling remote team collaboration. Organizations can use the same features of a public social network to encourage employees to connect and discuss work-related topics. Rise in Digitalization also means a Rise in Communication Technology and Channels. Growing Focus on Research and Development Industries. Rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future.
Highlights from Online Communication Tools Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | monday.com (Israel), Assembly (United States), TeamGantt (United States), ProWorkflow (New Zealand), Teamwork (Ireland), Nutcache (Canada), Pastel (United States), Gain (Switzerland), Hive (United States), Ryver (United States), Toggl Plan (Estonia), Nextiva (United States), Slack (United States), GoToMeeting (United States) and Go Brief (United States) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Communication Tools market throughout the forecasted period.
monday.com (Israel), Assembly (United States), TeamGantt (United States), ProWorkflow (New Zealand), Teamwork (Ireland), Nutcache (Canada), Pastel (United States), Gain (Switzerland), Hive (United States), Ryver (United States), Toggl Plan (Estonia), Nextiva (United States), Slack (United States), GoToMeeting (United States) and Go Brief (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Facebook Workplace (United Kingdom), Chanty (United States), Microsoft Teams (United States), Filestage (Germany) and Skype for Business (Luxembourg). Online Communication Tools Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Enterprise, Government, School and Other |
Type | Video conferencing, Whiteboards, Email and Others |
By Terminal | PC Terminal,Mobile Terminal |
On the basis of geography, the market of Online Communication 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Internal Communications Trends to Maximize Frontline Workers and Increasing Trend for Online Communication Tools after Pandemic
Market Growth Drivers:
Rise in Digitalization also means a Rise in Communication Technology and Channels, Growing Demand from End-use Enterprises and Rising Demand in Cloud-Based Software
Challenges:
Challenges Regarding Creativity and Innovation in Online Communication Tools Industry
Restraints:
Lack of skilled Professionals Can Hamper the Growth
Opportunities:
Growing Focus on Research and Development Industries and Increasing Demand for Online Communication Tools in Emerging Countries
Key Target Audience
Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 4th Feb 2020, monday.com is introducing Monday 2.0, a momentous new iteration of its platform, transforming it into a work operating system (work OS) that enables organizations of any size to build custom workflow apps in minutes. The launch of monday 2.0 is a culmination of new capabilities added to the platform that further enable teams to execute in complete alignment, focus on the work that maximizes impact, and achieve extraordinary results across all aspects of their work.