Global collaboration software market to expand significantly by 2026
Category: #tech  By Partha Ray  Date: 2020-06-03
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Global collaboration software market to expand significantly by 2026

According to the research report titled ‘Collaboration Software Market Size By Component (Solution [Conferencing, Content Sharing, Project Management, Enterprise Social Networking, Messaging], Service [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Organization Size (SMEs, Large Enterprises), By Application (BFSI, IT and Telecom, Retail and Consumer Goods, Healthcare, Education, Government, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global collaboration software market is expected to register substantial growth during 2020-2026.

Shifting focus towards improving enterprise communication along with technological advancements are major factors fueling the demand for collaboration software across the globe. The solution enables enterprises to share, manage and process documents and files across multiple systems.

Collaboration software helps in enhancing the productivity of a group or a team in an enterprise in order to acquire organizational goals, which in turn is driving the market growth. The software not only allows users to coordinate tasks but also create an individual workspace to upload workflows and data, which can accessed, viewed and updated by other users. The three basic functions of a collaboration software are information storage, shared access to data, and knowledge management.

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As per component type, managed services segment is projected to expand with a CAGR of 20% during 2020-2026, primarily due to increasing dependency of enterprises on third party service vendors.

Based on the application landscape, BFSI segment held 15% share of collaboration software market in 2019 and is poised to accumulate notable returns in the ensuing years. The growth is attributed to increasing utilization of cloud computing technologies in BFSI sector.

Regionally, Middle East & Africa collaboration software industry is predicted to record a y-o-y growth rate of 10% between 2020 and 2026, primarily due to growing demand for enhancing communication within organizations.

Zoom Video Communications Inc., Zoho Corp. Pvt. Ltd., TeamViewer GmbH, SMART Technologies, Slack Technologies Inc., Polycom Inc., Oracle Corp., OpenText Corp., Microsoft Corp., Micro Focus International Plc., LogMeIn Inc., IBM Corp., Google LLC, Citrix Systems Inc., Cisco Systems INC., BOX Inc., Blackboard Inc., Avaya Inc., AudioCodes Ltd., Atlassian Corp. Plc and AT&T Inc. are the major participants in global collaboration software market.

Question & Answer: Collaboration Software Market

Question 1: What factors are fueling the growth of collaboration software market?

Answer: Shifting focus towards improving enterprise communication along with technological advancements are major factors fueling the demand for collaboration software across the globe, which in turn is driving the market growth.

Question 2: Why are managed collaboration services gaining popularity?

Answer: Increasing dependency of enterprises on third party service vendors is fostering the demand for managed collaboration services.

Question 3: How will Middle East & Africa generate revenue for global collaboration software industry?

Answer: Growing demand for enhancing communication within organizations is favoring the market scenario in MEA.

Question 4: Which companies formulate the competitive scenario of collaboration software market?

Answer: IBM Corp., Google LLC, Citrix Systems Inc., Cisco Systems INC., BOX Inc., Blackboard Inc., Avaya Inc., AudioCodes Ltd., Atlassian Corp. Plc and AT&T Inc. are the major participants in global collaboration software market.

Table of Content:

Chapter 1.   Methodology & Scope

 

1.1.  Methodology

 

1.1.1. Initial data exploration

 

1.1.2. Statistical model and forecast

 

1.1.3. Industry insights and validation

 

1.1.4. Scope

 

1.1.5. Definitions

 

1.1.6. Methodology & forecast parameters

 

1.2.  Data Sources

 

1.2.1. Secondary

 

1.2.1.1.    Paid sources

 

1.2.1.2.    Public sources

 

1.2.2. Primary

 

Chapter 2.   Executive Summary

 

2.1.  Collaboration software industry 360 degree synopsis, 2015 - 2026

 

2.1.1. Business trends

 

2.1.2. Regional trends

 

2.1.3. Component trends

 

2.1.3.1.   Solutions trends

 

2.1.3.2.    Service trends

 

2.1.4. Deployment model

 

2.1.5. Organization size trends

 

2.1.6. Application trends

 

Chapter 3.   Collaboration Software Industry Insights

 

3.1.  Introduction

 

3.2.  Industry segmentation

 

3.3.  Industry landscape, 2015 - 2026

 

3.4.  Impact of COVID-19 outbreak

 

3.4.1. Impact by region

 

3.4.1.1.    North America

 

3.4.1.2.    Europe

 

3.4.1.3.    Asia Pacific

 

3.4.1.4.    Latin America

 

3.4.1.5.    Middle East & Africa

 

3.5.  Technological evolution

 

3.6.  Industry ecosystem analysis

 

Complete Report At: https://www.marketstudyreport.com/reports/collaboration-software-market

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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