Market Snapshot:
The main purpose of team collaboration software is to increase the productivity of individuals in a group or team within an enterprise in order to achieve a particular goal. With the help of this type of program, users can coordinate tasks and create individual workspace then have workflows and data added to it. The primary user who created the workspace can permit others to access, view and make changes, and whatever changes are made on data and files are synced across all users. This make sure that everyone involved is on the “same page” and has the latest version of the current project.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Adobe Inc. (United States), Asana (United States), Avaya Inc. (United States), AT & T, Inc. (United States), Kolab Systems AG (Switzerland), Oracle Corporation (United States), Microsoft Corporation (United States), IBM Corporation (United States), Cisco Systems, Inc. (United States) and OpenText Corporation (Canada) |
Segment Analysis
AMA Research have segmented the market of Global Team Collaboration Software market by Type, Application and Region. On the basis of Type, Conferencing software are dominating the market in the year 2022 where as Communication and coordination software stood as second largest market share.
On the basis of geography, the market of Team Collaboration 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 2022. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Rising Smartphone Penetration across the World and Rising Uptake of BYOD (Bring Your Own Device) Advancement across Enterprises
Market Drivers
Increasing Adoption of Cloud-Based Software as a Service (SaaS) and Rising Demand for Communication & Conferencing Solutions in Organizations
Opportunities
Expansion of Software as a Service (SaaS) In Emerging Economies and Increasing Usage of Internet
Restraints
- High Cost of Initial Investment
In addition to the aforementioned factor, Increasing Adoption of Cloud-Based Software as a Service (SaaS)
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Adobe Inc. (United States), Asana (United States), Avaya Inc. (United States), AT & T, Inc. (United States), Kolab Systems AG (Switzerland), Oracle Corporation (United States), Microsoft Corporation (United States), IBM Corporation (United States), Cisco Systems, Inc. (United States) and OpenText Corporation (Canada). A lot of United States players are profiled in the research study indicating a strong market dependence.