GLOBAL TEAM COLLABORATION SOFTWARE MARKET FORECAST 2019-2028

  • You are here:
  • Home
  • Reports
  • GLOBAL TEAM COLLABORATION SOFTWARE MARKET FORECAST 2019-2028

GLOBAL TEAM COLLABORATION SOFTWARE MARKET FORECAST 2019-2028

Inkwood Research estimates that the global market for transaction monitoring software will register growth at a CAGR of 14.10% during the forecast period and will reach revenue of $29.530 billion by 2028. The base year considered for the market study is 2019, and the forecasted period is between 2020 and 2028. In the recent past, advance analytics has been the main feature of data science using tools that focus on predicting future events, trends, and behaviors.

GLOBAL TEAM COLLABORATION SOFTWARE MARKET FORECAST 2019-2028

Global Team Collaboration Software Market by Deployment (Cloud-based, on-premise) by Type (Conferencing Software, Communication & Coordination Software) by Application (Manufacturing, Bfsi, It & Telecom, Retail, Healthcare, Logistics & Transportation, Education) and by Geography.

Request free sample

Inkwood Research estimates that the market for global team collaboration software market was valued at $XX million in 2018, and is predicted to reach $22714.33 million by 2028, growing at a CAGR of 9.75% during the forecast period. The base year considered for the market study is 2018. The forecasted period is between 2019-2028.

The global team collaboration software market is augmented by the following factors:

  • Growing adoption of cloud-based SaaS
  • Increasing demand for conferencing & communication solutions

Global Team Collaboration Software Market

To know more about this report, request a free sample copy.

The increasing demand for SaaS in businesses has offered new growth opportunities for software organizations. Moreover, the diminishing barriers to entry in the SaaS market have allowed new players to enter into the market space resulting in intense competition. Additionally, machine learning and artificial intelligence have captured the SaaS landscape, which has enabled users to interact with software solutions. The integration of AI with collaboration tools is at its initial stage, but the industry has witnessed several leading players, including Microsoft Corporation and Google Inc invest significantly in their business productivity suits for integrating AI in their collaborative tools. Cloud-based collaboration provides real-time updates as the cloud automatically synchronizes and updates all the files. The cloud-based collaboration also acts as a centralized communication platform that facilitates better communication between various team members of the organization.

IT & Telecom is the dominating segment in terms of revenue in the global team collaboration software market by application, with around 28.94% market share in 2018. IT & telecom sector require collaboration tools from project management to communication to function smoothly. Instant messaging to video conferencing tools are used by companies to coordinate among teams within the companies. Synchronous or real-time collaboration software allows people to edit documents and view information even if they are from different countries or areas.

Moreover, the healthcare segment is anticipated to project the highest CAGR of around 14.72% by the end of the forecast period. The increasing need for doctors to connect efficiently and quickly to their staff and specialists is presumed to drive the market in healthcare applications. Doctors are required to be able to reach various entities in a diverse time span. A doctor needs to contact specialists from all around the world quickly and efficiently, while treating a patient with a complicated condition. Collaboration technologies are impacting healthcare organizations, which rely on unified collaboration suites, secure texting solutions, and video conferencing tools to connect clinical and hospitals.

On the other hand, the global team collaboration software market growth is restricted by high initial capital costs and growing security concerns. Companies are adopting technology tools that focus on communication and collaboration, since there is a rise in security concerns. Collaboration tools encompass many solutions, including VoIP, video conferencing, instant messaging, and document sharing, which gives rise to security risks that are inherent in these tools. These tools create security threats and vulnerabilities. Therefore there should be a careful section of tools that need to be integrated with the organizational system.

The report on the global team collaboration software market includes the segmentation analysis of deployment, type, and application.

Market by Deployment:

  • Cloud-based
  • On-Premise

Market by Type:

  • Conferencing software
  • Communication & coordination

Market by Application:

  • Manufacturing
  • Logistics & Transportation
  • IT & Telecom
  • Retail
  • Healthcare
  • BFSI
  • Education

Geographically, the global team collaboration software market has been segmented on the basis of four major regions, which includes:

  • North America: the United States and Canada
  • Europe: the United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and the Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and the Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa

North America held the largest share of 35.19% in terms of revenue in 2018. The North America region entails major market players that offer their solutions. These include IBM Corporation, Oracle Corporation, Microsoft Corporation, and others. Companies are investing in Team collaboration due to the COVID-19. For instance, in 2019, Slack Technologies, Inc. announced that SiriusXM would be using Slack as part of its event management, audio production, and marketing.

 On the other hand, Asia Pacific is estimated to record growth, projecting the highest CAGR of 12.35% during the forecast period. The growth is attributed due to the increasing adoption of cloud & web conferencing across various sectors, increasing investments in team collaboration software. For instance, in the initial stages of COVID-19, Avaya teams and partners teamed up in China to help. The company donated video and audio equipment for hospitals in the region to help medical personnel perform video diagnostics and remote consultation.

The market has a number of well-renowned players involved in global team collaboration software market including:

  • IBM Corporation
  • Oracle Corporation
  • Slack Technologies Inc
  • Microsoft corporation
  • Others

Key findings of the global team collaboration market are:

  • North America dominates the global team collaboration market by capturing the largest market share of around 35.19% in 2018.
  • Asia Pacific team collaboration market is predicted to project the highest CAGR of 12.35% during the forecast period of 2019-2028.
  • AR and VR technology, with the collaboration of software tools, helps in transferring data from one department to another.
  • The use of collaboration tools and videoconferencing is reducing CO2 emissions.
  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    • KEY DRIVERS
      • GROWING ADOPTION OF CLOUD-BASED SAAS
      • INCREASING DEMAND FOR CONFERENCING & COMMUNICATION SOLUTIONS
    • KEY RESTRAINTS
      • HIGH INITIAL CAPITAL COST
      • GROWING SECURITY CONCERNS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    • PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    • KEY BUYING CRITERIA
  2. MARKET BY DEPLOYMENT
    • CLOUD-BASED
    • ON-PREMISE
  3. MARKET BY TYPE
    • CONFERENCING SOFTWARE
    • COMMUNICATION & COORDINATION SOFTWARE
  4. MARKET BY APPLICATION
    • MANUFACTURING
    • BFSI
    • IT & TELECOM
    • RETAIL
    • HEALTHCARE
    • LOGISTICS & TRANSPORTATION
    • EDUCATION
  5. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • ADOBE SYSTEMS INCORPORATED
    • ASANA
    • AVAYA INC
    • AT&T INC
    • BLACKBOARD INC
    • CISCO SYSTEMS INC
    • CITRIX SYSTEMS INC
    • IBM CORPORATION
    • MICROSOFT CORPORATION
    • OPENTEXT CORPORATION
    • ORACLE CORPORATION
    • SLACK TECHNOLOGIES INC

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – TEAM COLLABORATION

TABLE 2: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 3: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY DEPLOYMENT, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: GLOBAL CLOUD-BASED MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 5: GLOBAL CLOUD-BASED MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: GLOBAL ON-PREMISE MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 7: GLOBAL ON-PREMISE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY TYPE, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 9: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: GLOBAL CONFERENCING SOFTWARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 11: GLOBAL CONFERENCING SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: GLOBAL COMMUNICATION & COORDINATION SOFTWARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 13: GLOBAL COMMUNICATION & COORDINATION SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 14: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 15: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 17: GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 18: GLOBAL BFSI MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 19: GLOBAL BFSI MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 20: GLOBAL IT & TELECOM MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 21: GLOBAL IT & TELECOM MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 22: GLOBAL RETAIL MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 23: GLOBAL RETAIL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 24: GLOBAL HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 25: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 26: GLOBAL LOGISTICS & TRANSPORTATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 27: GLOBAL LOGISTICS & TRANSPORTATION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 28: GLOBAL EDUCATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 29: GLOBAL EDUCATION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 30: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 31: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 32: NORTH AMERICA TEAM COLLABORATION SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 33: NORTH AMERICA TEAM COLLABORATION SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 34: EUROPE TEAM COLLABORATION SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 35: EUROPE TEAM COLLABORATION SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 36: ASIA PACIFIC TEAM COLLABORATION SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 37: ASIA PACIFIC TEAM COLLABORATION SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 38: REST OF WORLD TEAM COLLABORATION SOFTWARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2018 (IN $ MILLION)

TABLE 39: REST OF WORLD TEAM COLLABORATION SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2018

FIGURE 8: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY CLOUD-BASED, 2019-2028 (IN $ MILLION)

FIGURE 9: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2018

FIGURE 11: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY CONFERENCING SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 12: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY COMMUNICATION & COORDINATION SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 13: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2018

FIGURE 14: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY MANUFACTURING, 2019-2028 (IN $ MILLION)

FIGURE 15: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY BFSI, 2019-2028 (IN $ MILLION)

FIGURE 16: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY IT & TELECOM, 2019-2028 (IN $ MILLION)

FIGURE 17: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)

FIGURE 18: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 19: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY LOGISTICS & TRANSPORTATION, 2019-2028 (IN $ MILLION)

FIGURE 20: GLOBAL TEAM COLLABORATION SOFTWARE MARKET, BY EDUCATION, 2019-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA TEAM COLLABORATION SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 22: UNITED STATES TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: CANADA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: EUROPE TEAM COLLABORATION SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 25: UNITED KINGDOM TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: GERMANY TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: FRANCE TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: ITALY TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: RUSSIA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: BELGIUM TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: POLAND TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: REST OF EUROPE TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: ASIA PACIFIC TEAM COLLABORATION SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 34: CHINA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: JAPAN TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: INDIA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: SOUTH KOREA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 38: INDONESIA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 39: THAILAND TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 40: VIETNAM TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 41: AUSTRALIA & NEW ZEALAND TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 42: REST OF ASIA PACIFIC TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION

FIGURE 43: REST OF WORLD TEAM COLLABORATION SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 44: LATIN AMERICA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 45: MIDDLE EAST & AFRICA TEAM COLLABORATION SOFTWARE MARKET, 2019-2028 (IN $ MILLION)

  1. MARKET BY DEPLOYMENT
    • CLOUD-BASED
    • ON-PREMISE
  2. MARKET BY TYPE
    • CONFERENCING SOFTWARE
    • COMMUNICATION & COORDINATION SOFTWARE
  3. MARKET BY APPLICATION
    • MANUFACTURING
    • BFSI
    • IT & TELECOM
    • RETAIL
    • HEALTHCARE
    • LOGISTICS & TRANSPORTATION
    • EDUCATION
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

Choose License Type

Buy Now