15.3.4.1 Company Overview Increasing need to share and digitize visual data provides an opportunity for business development. The need to initiate digital collaboration among large, dispersed teams and manage projects efficiently is contributing to the growth of this segment. 9.9.2 Market Forecast 28-Sep-2021 | Facts and Factors. Figure 44: Canada: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 These insights are included in the report as a major market contributor. This report elaborates on the current development of the Team Collaboration Software industry thoroughly based on the international market dynamics and China's market situation. The segment covers the team collaboration software adopted by IT and telecom companies. The region is one of the most technologically developed regions, mostly because of the highest mobile usage and industrial developments. The SaaS delivery model has significantly transformed team collaboration software into independent applications, mitigating slower response times and leading to lesser system failures. 15.3.6.2 Product Portfolio 10.4.2.1 Market Trends The Global Team Collaboration Software Market size is expected to reach $17.3 billion by 2026, rising at a market growth of 12.9% CAGR during the forecast period. 6.1.1 Market Trends 10.3.5.2 Market Forecast By Component; Deployment; Enterprise Size; End-User and Region. According to an analysis by the publisher, the global team collaboration software market will progress at a CAGR of 10.35% in the forecasting period 2019-2028. 12 Value Chain Analysis 10.3.4.1 Market Trends 10.2.1.1 Market Trends 3 Executive Summary 15.3.1.1 Company Overview Figure 79: Brazil: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021 15.3.8.2 Product Portfolio On the basis of deployment, the market is segmented as cloud, on-premise. Among these, the IT and telecommunication industry holds the largest market share. It permits applications to function on equipment in an organization's premises rather than any remote facility, like server space or the cloud. They also come with enriched features, including the capability of recording events to help review the proceedings later. Figure 24: Global: Team Collaboration Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027 7.2.2 Market Forecast View Team Collaboration Software's professional profile on LinkedIn. 11.5 Threats What was the size of the global team collaboration software market in 2021? Table 5: Global: Team Collaboration Software Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027 Remarkable job and great efforts by your research team. Figure 20: Global: Team Collaboration Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027 10.5.3 Market Forecast Many collaborative platform players helped these industries to deal . 10.4 Latin America The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of team collaboration software across numerous organizations for making work more transparent and efficient, while maintaining business continuity, during the remote working scenario. The global team collaboration software market size was valued at USD 21.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2030. Software for team collaboration enables cross-continental team cooperation, promoting organizational communication transparency. . 2.3 Data Sources Table 1: Global: Team Collaboration Software Market: Key Industry Highlights, 2021 and 2027 10.3.5 Spain Per the component, the fragments are Software and service. 10.4.3 Others 15.3.4.2 Product Portfolio The emergence of virtual business is enabling SMEs to use collaborative software to enhance communication across businesses. The market is projected to grow from USD 17.15 billion in 2021 to USD 40.79 billion in 2028 at a CAGR of 13.2% during the 2021-2028 period. Aforementioned are the factors that anticipate high growth of team collaboration software among various organizations across the globe. The Kona bot is infused with artificial intelligence that helps companies to understand the working styles and communication preferences of team members. To know how our report can help streamline your business, Speak to Analyst, IT and Telecommunications Segment to Show High Growth Backed by Demand for Video Conferencing Solutions. Figure 13: Global: Team Collaboration Software (Conferencing) Market: Sales Value (in Million US$), 2016 & 2021 When teams are massive, sophisticated, and geographically dispersed at the enterprise level, it's effortless for someone to overlook an email or forget to invite a remote team member to a meeting. Kindly contact us for the actual market size and trends. Thus, cloud based deployments are expected to dominate the market at present and is expected to witness significant CAGR in the team collaboration software market forecast period. The strong presence of several leading market players, such as Microsoft, Cisco Systems, Inc., and Asana, is also expected to create lucrative growth prospects for the market. The likelihood that someone will miss an important update is decreased thanks to collaboration technologies, which enable team members to keep in closer contact throughout a project. Thank you for requesting a call back, our sales representative will get in touch with you shortly! Mid-sized institutions may use cloud-based team collaboration software because it has low maintenance requirements and does not require any upfront cash. By software type, it is bifurcated into conferencing and communication and co-ordination. The industry is further expected to grow at a CAGR of about 13.2% in the forecast period of 2023-2028 to reach a value of around USD 23.4 billion by 2026, driven by the changing work culture. This segment comprises of team collaboration tools deployed on cloud environments. North America Team Collaboration Software Market, 2020 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. ( India: +91 120 433 0800 ). 11.4 Opportunities Players are innovating collaborative tools for high adoption rates. IMARC Group's latest research report, titled "Team Collaboration Software Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," the global team collaboration software market reached a value of US$ 13.18 Billion in 2021.Looking forward, IMARC Group expects the market to reach a value of US$ 30.19 Billion by 2027, exhibiting a CAGR of 14.20% during 2022 . Team collaboration software helps maximize teamwork effectiveness by providing a central platform wherein employees can share knowledge, data, and documents to solve specific business problems or complete creative projects together. The team collaboration software market share is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry. North America holds the major market share. This can be attributed to the increasing usage of web conferencing as the primary means of communication across organizations. SaaS-based solutions saw significant adoption in 20192020 due to the disruption of daily business operations caused by the coronavirus. 10.5 Middle East and Africa 9.6 Government and Defense As the world of work continues to evolve, and hybrid workplaces grow increasingly common, the demand for exceptional tools for collaboration will only grow. 3. 9.7.1 Market Trends To get more information about this market, Request Sample. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Porters five forces analysis illustrates the potency of the buyers & suppliers in the team collaboration software market. 10.2.1.2 Market Forecast Figure 68: United Kingdom: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 15.3.5 Cisco Systems Inc. It can also open a path for hackers to access the network and compromise personally identifiable information (PPI) or sensitive data that can harm business processes. Figure 82: Mexico: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 IC : Software and Services| Pages: 310 | Author(s) : Sneha K, Single User License, Five User License & Enterprise User License. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. The report covered all the points and was very detailed. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Additionally, the on-premise deployment mode helps conferences even though it requires a sizable expenditure to implement and necessitates businesses to buy connected servers and system management software. 15.3 Profiles of Key Players Global Team Collaboration Software Market Size Research report presents an in-depth analysis of the Team Collaboration Software Market size, growth, share, segments, manufacturers, and forecast, competition . Some hackers are able to reach corporate websites simply by following the standard web-based protocols. As a result, the retail segment is expected to witness promising growth avenues in the team collaboration software market during the forecast period. List of Figures Because of the growing popularity of e-commerce websites, the rise in the quantity of relevant talent, the emergence of start-ups, and the service industry in Asia-Pacific, there will be an increase in the adoption of cloud-enabled team collaboration software. The Team Collaboration Software market in the U.S. is estimated at US$2.2 Billion in the year 2020. The Europe team collaboration software market growth analysis includes the evaluation of Russia, the United Kingdom, Belgium, Germany, Poland, France . Software services are essential in the global workplace's evolution. 15.3.10 Oracle Corporation Figure 2: Global: Team Collaboration Software Market: Sales Value (in Billion US$), 2016-2021 Team collaboration software intends to enhance the productivity of individuals in a group or team to achieve a particular goal. Avail customized purchase options to meet your exact research needs. Some of the top players in the team collaboration software market allows integration between software, which helps them to expand their product portfolio and garner high consumer base. The market for Team Collaboration Software is forecast to reach $18.45 billion by 2025, growing at a CAGR of 11.4% from 2020 to 2025. 13.4 Degree of Competition Video and audio calls have replaced text messages in many teams' communication programs. The rising popularity of work from home trends in startups and small and medium-sized companies is also set to contribute to the global team collaboration software market share. 10.3 Europe However, a lack of IT infrastructure in emerging nations may impede market expansion. Get more information on this report Download Sample Report, The Increasing Deployment of Cloud-Based SaaS and Transition Towards Virtual Business. 8.2.2 Market Forecast Team Collaboration Software Market Report Scope The report focuses on the growth prospects, restraints, and market analysis. For a start, the report provides an in-depth analysis of the current market situation through three different aspects - by region, by type and by application, which . See for yourself. This can be attributed to the increasing demand for cloud-based platforms for effective team collaboration across enterprises, in light of the rising number of people working remotely. 10.3.3.1 Market Trends This is likely to open up lucrative market potential. Free upgrade to enterprise license (allows to share across all company locations), 5. 8.2.1 Market Trends Figure 1: Global: Team Collaboration Software Market: Major Drivers and Challenges Polaris Market Research has recently released a new research study on Team Collaboration Software Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. How much is the global team collaboration software market expected to grow in the next five years? Team Collaboration Software Market - Insights: The Team Collaboration Software Market Research Report 2022-2027, provides an in-depth overview and . Figure 67: United Kingdom: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021 These programs are widely utilized in almost all businesses to assist employees in separating work-related conversations from personal chats, which increases productivity and enables an organization to run openly. 10.3.7 Others Consequently, several organizations are incorporating team collaboration software into their day-to-day business operations for allowing teams to interact from any location on the cloud and boosting company productivity and growth. Corporations that have been proactively investing in virtual communication tools will now prove their operations in the future and maximize the impact of remote work practices. Please fill out the form below for a free PDF report sample & Which application segment holds the major share in the market? Digital transformation produces new product and service possibilities that would enable businesses to raise sales significantly and reduce costs by achieving higher performance. 13 Porters Five Forces Analysis With this acquisition, Cisco will use BabbleLabss advanced. Rise in number of collaborative workspaces is a major factor that drive the growth of the team collaboration software market. In December 2021, Microsoft released Teams Essentials in India. List of Tables According to a report released by the U.S. BUREAU OF LABOR STATISTICS, social distancing has been one of the key public responses to the global COVID-19 pandemic. Team Collaboration Software Market Overview 2022, Marketing Strategy and In-Depth Analysis Report by 2030 The global Team Collaboration Software Market Size Is Expected To Reach USD 26.24 Billion By 2028., at a CAGR of 12.7% during the forecast period. Figure 69: Italy: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021 Segmentation. PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request). The report was very accurate and as per my requirements. The global market research report provides an in-depth analysis of the market. 9.3.2 Market Forecast 9.8.2 Market Forecast 9.1.2 Market Forecast online dashboard trial. 4. Asia Pacific is expected to be the fastest growing region in the global market in terms of CAGR. Your transaction & personal information is safe and secure. Collaborative working environment have witnessed change from deskbased work jobs to remote working, which has evolved the way teams works together. Due to this, many top-level executives expect that the team collaboration software will gain high traction among young generation teams. In countries such as China, India, and Japan, the emergence of the COVID-19 pandemic would accelerate the demand for team collaboration software to efficiently carry out team meetings and conferences. Start reading instantly ,This Report and over 19,329+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. The team collaboration software market size was valued at $9,878 million in 2019, and is projected to reach $26,493 million by 2027, growing at a CAGR of 13.2% from 2020 to 2027. b. COVID-19 pandemic is the key factor having positive influence for the growth of global team collaboration software market. Figure 25: Global: Team Collaboration Software (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021 Fortune Business Insights says that the market stood at USD 15.25 billion in 2020. The outbreak of the COVID-19 epidemic prompted SMEs and large companies in the region to adopt collaboration tools to meet work from home needs. These tools allow virtual teams to work together across geographies, functions, and organizations to boost efficiency and innovation. 15.3.9 Open Text Corporation Global Team Collaboration Software market size was ** billion USD in 2021, and will expand at a CAGR of **% from 2022 to 2026, according to the report. 2.1 Objectives of the Study I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global team collaboration software market is projected to grow from $17.15 billion in 2021 to $40.79 billion in 2028 at a CAGR of 13.2% in forecast period, 2020 Fortune Business Insights . It is anticipated that human recruiter interviews will also be scheduled. The region's market is expanding due to ongoing technological developments, the presence of numerous team collaboration software providers, and the availability of highly skilled technical resources. Global and Chinese Team Collaboration Software Market 2022 is a professional and in-depth study on the current state of the global market with a focus on the Global and Chinese market. The market for team collaboration is constrained by legacy infrastructure since scaling current infrastructures costs money. The Team Collaboration Software Market Report Contains Full TOC, Tables & Figures, and Chart with In-depth Analysis Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by. Based on the software type, the global team collaboration software market can be divided into conferencing and communication and co-ordination, where communication and co-ordination currently exhibits a clear dominance in the market. 8 Market Breakup by Deployment Some of the major players in the global team collaboration software market include Adobe Inc., AT&T Inc, Avaya Inc., Blackboard Inc. (Anthology Inc.), Cisco Systems Inc., Citrix Systems Inc, International Business Machines Corporation, Microsoft Corporation, Open Text Corporation, Oracle Corporation, Slack Technologies LLC (Salesforce Inc.), and SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.). With the corona virus disruption in day-to-day business operation, SaaS-based models have witnessed high adoption in 2019-2020. 10.4.2 Mexico Such industries adopted technological solutions to ease the negative revenue growth. . Explore purchase options. Since advanced team communication software is less expensive than on-premise workforce analytics, these start-ups choose it. Major Players to Focus on Mergers to Cater towards Rising Demand among Consumers. Many collaborative platform players helped these industries to deal . 8.2 Cloud-based The conferencing software segment is expected to witness the fastest growth rate of over 10.0% from 2022 to 2030. 9.1 BFSI 7 Market Breakup by Software Type 5 Global Team Collaboration Software Market 10.2.4 South Korea Due to collaboration platforms, smart workplaces also had great products, which helped the sector expand. 10.1.1.2 Market Forecast ( UK: +44-753-713-2163 ) Additionally, many team collaboration tools are a component of sizable collaboration platforms that combine a variety of other business applications. Figure 54: South Korea: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 Team collaborative software allows two or . Global Team Collaboration Software market has been segmented on the basis of deployment, service, end use industry and geography. The global team collaboration software market size is anticipated to reach USD 56.67 billion by 2030, exhibiting a CAGR of 9.5% during the forecast period, according to a new report published by Grand View Research, Inc. We expect the global team collaboration software market to exhibit a CAGR of 14.20% during 2022-2027. Per the industry vertical, the categories include BFSI, manufacturing, healthcare, IT & telecommunications, retail & E-commerce, government & defense, media & entertainment, education, and others. Successfully adopting BYOD technology at workplaces is likely to benefit companies in terms of corporate performance, workplace efficiency, and employee satisfaction, thus contributing positively to the global market. Figure 85: Middle East and Africa: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021 Some of the advance features such as white boarding, screen sharing, multi-presenter, and others have proliferated high awareness for the need for team collaboration software as a day-to-day operation in an organization. 2.2 Stakeholders IMARC offers market research reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies. For instance, in June 2020, Google LLC, introduced roll free access to advanced features for Hangouts Meet to all G Suite and G Suite for education customers globally. 10. Who are the key players/companies in the global team collaboration software market? 15.3.2.3 Financials Figure 43: Canada: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021 The new report by Expert Market Research titled, 'Global . Business and human resource (HR) goals are synchronized by BFSI organizations using team collaboration software through collaboration analytics, which gauges employee productivity and values. Pune India, Dec. 09, 2022 (GLOBE NEWSWIRE) The market has been studied for the below-mentioned segmentation and . Team collaboration software provides a persistent, messaging-centric digital workspace, with features including chat, file sharing and video. 15.3.9.3 Financials 10.4.3.2 Market Forecast The next-generation collaboration and enterprise productivity tools are playing a significant role in establishing efficient business communications that encompasses richer team communication, co-creation, and document sharing. 15.3.2 AT&T Inc This study includes team collaboration software market trends, opportunity, analysis, and future estimations to determine the imminent investment pockets. Asia-Pacific countries are expected to garner high CAGR in the coming years, as the industries are adopting various business growth strategies such as digitization, industry 4.0, and others. 15.3.6 Citrix Systems Inc Figure 28: Global: Team Collaboration Software (IT and Telecommunications) Market Forecast: Sales Value (in Million US$), 2022-2027 This is a very good piece of work and will be very helpful to us going forward. The Incorporation of Advanced Technologies. Growing digitalization has led to a surge in the visual exchange of data, which, in turn, is driving market growth. The BFSI section will hold the second-largest share. Based on geography, North America garnered the highest share in 2019, generating nearly two-fifths of the global team collaboration software market. 10.4.1.2 Market Forecast The cloud section will plausibly grow at a CAGR of 14.52% and hold the largest share. For instance, in July 2020, Kona bot for Slack was launched by Sike Insights. Figure 60: Others: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 The IT & telecommunication industry anticipate high adoption of team collaboration software in the coming years. What are the key regions in the global team collaboration software market? 5.3 Impact of COVID-19 15.3.5.3 Financials Table 3: Global: Team Collaboration Software Market Forecast: Breakup by Software Type (in Million US$), 2022-2027 2 Scope and Methodology The growth is mainly attributed to the increasing investments in advanced technology, availability of cloud service providers, and large number smartphone users in the region. The conferencing section will likely expand at a CAGR of 15.1% and hold the largest market share. 10.3.5.1 Market Trends 2.3.1 Primary Sources Team Collaboration Software Market: Overview. Figure 53: South Korea: Team Collaboration Software Market: Sales Value (in Million US$), 2016 & 2021 10.1.2.2 Market Forecast For instance, Asana Groupware provides team management and collaboration solutions that enable project teams to schedule daily meetings and conferences just in one click. 10.3.4.2 Market Forecast 15.3.9.2 Product Portfolio 15.3.9.1 Company Overview In accordance with the increased emphasis on upgrading networking technology to cope with the COVID-19 pandemic, the Middle East and Africa and Latin America accounted for a substantial revenue share in 2020. This report provides an overview of sharing and growth opportunities by Team Collaboration Software Market, product type, applications, major companies, and key regions. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Collaboration tools deliver a wide range of advantages from cost savings to increased productivity, and enhanced security. 15.3.11.2 Product Portfolio Diversified teams in terms of skills or geographically, needs to communicate, manage, coordinate together to collectively achieve an organizations goal. 9.3.1 Market Trends Oracle Beehive: combines email, team collaboration, and conferencing in one collaboration platform . Zoom and 88 meeting spaces provide hand-raising and inline translation features to maintain global connectivity. Besides this, the report offers insights into the market trends and highlights key industry developments. The global team collaboration software market was valued at US$ 13.18 Billion in 2021. The tier was originally designed to enable hospitals, schools, and businesses in China to run quickly on Microsoft Teams, and that tier is now available globally. 15.3.10.1 Company Overview The global team collaboration software market size was USD 15.25 billion in 2020. 10.2.4.2 Market Forecast We value your investment and offer free customization with every report to fulfil your exact research needs. Figure 80: Brazil: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 Accounting client management software which allows you to track all client activities across your practice. Looking forward to work together in the future, It has been a delightful experience working with you guys. Currently, on-premises account for the majority of the global market share. As the workspace is evolving across the globe, software services play a vital role. It is expected to reach USD 39,041 million by 2030, growing at a CAGR of 13.5% during the forecast period (2022-2030). The global team collaboration software market is segmented on the basis of software type, deployment, end user. Will this radically and permanently change the communication and collaboration processes in organizations? Advanced technologies are playing a crucial role in enabling businesses to create an environment that would encourage employees to achieve business goals with creativity to develop lasting economic values. Figure 10: Global: Team Collaboration Software (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027 We are continuously monitoring the market dynamics and trying to assess the impact of Covid19 on the demand for team collaboration software. What is the breakup of the global team collaboration software market based on deployment? Bring-Your-Own-Device (BYOD) Trend to Bring Substantial Enterprise Benefits and Enhance Productivity. Tracup, Clickup, Wrike, and Basecamp are some of the most popular project management tools, although there are . Asana; Avaya Inc.; Cisco Systems, Inc.; Citrix Systems, Inc.; IBM Corporation; Microsoft; Slack Technologies, Inc. Free report customization (equivalent to 8 analyst working days) with purchase. 8.1 On-Premises Pre-Post COVID-19 Impact on Global Team Collaboration Software Market. 9.5.1 Market Trends Team collaboration software is a type of software that helps teams to communicate and collaborate. The healthcare sector is expected to witness exponential adoption of collaboration tools and will grow at highest CAGR over the forecast period. To stay competitive in the market, companies in North America have implemented team collaboration software. An Infographic Representation of Team Collaboration Software Market, To get information on various segments, share your queries with us. . Figure 26: Global: Team Collaboration Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027 Based on end-user, the market is segmented into BFSI, IT and telecommunications, manufacturing, retail and consumer goods, healthcare, travel and transportation, education, and others. 10.3.3.2 Market Forecast The global banking team collaboration software market is segmented on the basis of component, deployment, and region. . Increasing smartphone penetration and unified communication as a service across the . 9.4 IT and Telecommunications Figure 58: Indonesia: Team Collaboration Software Market Forecast: Sales Value (in Million US$), 2022-2027 In addition to that, the cumulative number of Small and Medium-sized Enterprises (SMEs) are leading to the rising adoption of Bring-Your-Own-Device (BYOD) practices in order to reduce or restrict the initial infrastructure costs. The global market size is inclusive of several team collaboration tools offered such as IceWarp Mail Server by IceWarp Ltd., Zoom Cloud Meetings by Zoom Video Communications, Inc., among others. Who are the key companies/players in the team collaboration software market? The rising BYOD trend in small and medium-sized enterprises would also support the growth of this segment. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Team Collaboration Software Market Size Report, 2030. Although several businesses have seen their stock prices battered by the destruction of the virus, some software providers, such as Zoom, have seen their share value rise considerably. The COVID-19 pandemic has played a crucial role in promoting the deployment of cloud-based communication tools, such as instant messaging software and video conferencing tools, to enable effective communication across businesses while the employees work remotely. 5. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 10.1.1.1 Market Trends We never share your personal data. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. This has had a substantial positive impact on the market's growth. The Team Collaboration Software Market is expected to reach US $ 24.66 Bn during the forecast period at a 13% CAGR. Get detailed insights regarding the impact of COVID-19 on the market. 4 Introduction The competitive landscape of the industry has also been examined along with the profiles of the key players being Adobe Inc., AT&T Inc, Avaya Inc., Blackboard Inc. (Anthology Inc.), Cisco Systems Inc., Citrix Systems Inc, International Business Machines Corporation, Microsoft Corporation, Open Text Corporation, Oracle Corporation, Slack Technologies LLC (Salesforce Inc.) and SMART Technologies ULC (Hon Hai Precision Industry Co. Ltd.). The on-premise deployment option for team collaboration software enables software installation. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We use cookies to enhance your experience. Team Collaboration Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, Financial Services and Investment Intelligence. Services like Microsoft Teams and Slack offer connectors with bots that can automatically assign work and check in on employees. The BFSI sector captured considerable market share in terms of revenue. Figure 14: Global: Team Collaboration Software (Conferencing) Market Forecast: Sales Value (in Million US$), 2022-2027 10.2.2.1 Market Trends Ensure you have the most up to date information for meaningful conversations with clients. Additionally, several team collaboration software providers with a significant customer base in North America are growing their operations throughout Asia-Pacific, opening up lucrative market potential. Key players are collaborating with other significant players to provide remote solutions to automate work processes from any region, to collaborate effectively, and to maintain communication among teams. 15.3.7.4 SWOT Analysis 15.3.11 Slack Technologies LLC (Salesforce Inc.) Team Collaboration Software Market Segments: By Component Solution Web Conferencing Communications Task Management File Sharing and Synchronization Enterprise Social Network Others (Unified Messaging, Portals, Etc.) 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