Community Software Market Scope
Community Software market is expected to mark significant growth over forecasted period owing to increasing consumers spending on software that allows user to interact and shared data and technological advancement. This result in rising popularity of social networking platforms, increasing demand of portable devices and escalating need for high-speed cellular work station, and growing popularity of cloud computing may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Salesforce.com (United States), Telligent Systems (United States), Zendesk (United States), Hivebrite (France), ToucanTech (United Kingdom), Zoho (India), VeryConnect (United Kingdom), TidyHQ (Australia) and Chaordix (Australia) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Community Software market throughout the predicted period.
Salesforce.com (United States), Telligent Systems (United States), Zendesk (United States), Hivebrite (France), ToucanTech (United Kingdom), Zoho (India), VeryConnect (United Kingdom), TidyHQ (Australia) and Chaordix (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AnswerHub (United States) and Webligo Developments (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Community Software market by Type , by Application (Personal, Enterprises and Others) and Region with country level break-up.
On the basis of geography, the market of Community 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). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In September 2018, Community Brands completely acquired Education Technology Company. This acquisition is beneficial in providing data aggregation and analytics identity management, payment and parental engagement software for primary and secondary schools in the U.K.
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Value Oriented Consumers
Market Growth Drivers:
Increase in Demand at Banking, Financial Services and Institutions that Boost the Community Software Market. and Rapid Demand of Community Software Due to Digitalization.
Challenges:
Cyber Threats Associated With Community Software Which Is Anticipated The Challenge The Market.
Restraints:
Lack of Awareness Among the Customers Hampers the Community Software Market. and High Cost Associated With Community Software.
Opportunities:
Proliferation of Community Software’s In Various End User Industries. and Upsurge Demand of Community Software With Advanced Technology.
Key Target Audience
Community Software Manufacturers, Community Software Traders, End-Use Market Participants of Different Segments of Community Software, Government and Research Organizations, R&D Institutions and Others