What is Collaborative Office Systems?
Collaborative office systems represent the incorporation of new technologies into the business to collaborate and communicate with employees. Advanced technologies help businesses to reduce cost, enhance productivity, and employee engagement. Digital workplace technologies include cloud storage tools, communication applications, intranet platforms, and many more. The tools are widely used to easily collaborate and communicate with the remote workforce, employee engagement, attracting and retain top talent. In today’s time, smart virtual assistance is becoming more popular for real-time answering, scheduling meetings, compiling data, and enhancing capabilities.
The market study is broken down by Type (Network Collaboration, Cloud Collaboration, Team Collaboration, Internal & External Collaboration and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Collaborative Office Systems market throughout the predicted 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.
Microsoft Corporation (United States), Oracle Corporation (United States), Salesforce (United States), IBM (United States), SAP (Germany), Accenture (Ireland), Google (United States), Smartsheet Inc. (United States), Dassault Systèmes (France), Atlassian (Australia) and Asana (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Collaborative Office Systems market by Type, Application and Region.
On the basis of geography, the market of Collaborative Office Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Vertical, the sub-segment i.e. BFSI will boost the Collaborative Office Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Businesses will boost the Collaborative Office Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Collaborative Office Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In May 2021, Salesforce.com, Inc. announced the acquisition of Slack Technologies to compete against long-time industry powerhouse Microsoft. Slack Technologies offers an enterprise collaboration platform that allows users to engage in direct messaging, group channel messaging, document sharing, and limited intra-organization voice-and-video-calling. The acquisition will help Salesforce.com to expand its new SaaS app portfolio across the globe.
Market Trend
- Growing Popularity of Hybrid Working Model and Virtual Collaboration Tools
- Integration of Advanced Technologies like Artificial Intelligence in the Collaborative Office Tools
Market Drivers
- Rapid Adoption of Digital Transformation Strategies to Survive and Stay Competitive
- Increased Adoption of Team and Cloud Collaboration Across Various Industries
Opportunities
- Emerging Remote Working Scenario Across the Globe Due to Covid-19 Pandemic
Restraints
- Growing Data Security Concern Due to Increasing Cyberattacks
Challenges
- High Cost of Continually Upgrading Software and Training May Hamper the Growth
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Collaborative Office System Providers, Venture Capitalists and Private Equity Firms, End-User Industries 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.