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2022
Communication Software Market

Communication Software Market by Component (Software and Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises) and Industry Vertical (BFSI, Manufacturing, Retail, Healthcare, IT and Telecom, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A14622
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Jan 2022 | 74 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Communication software is a software application or program that is designed to transfer information from one system to another. This software provides remote access to systems and transmits files in a variety of formats between computers. Apart from managing everyday message exchanges, communications software is being used to conduct meetings and discussions in real-time. The software usually featured business grade protection over the infrastructure to protect confidential data. It also includes advanced features, such as file transmission protocol, an intranet platform, and voice over internet protocol. The best well-defined examples of communication software are file transfer protocol, messaging software, and email. Call recording, auto receptionist, voicemail, web conferencing, and others are some of the features supported by the communication software.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast unit

  Value ($)

  Segments covered

Component, Deployment Model, Enterprise Size, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

Beekeeper AG, Nudge Corporation, Simpplr Inc., Smarp Oy, SnapComms Inc., Sociabble Inc., Staffbase, theEMPLOYEEapp, Workvivo Limited, Poppulo.   

 

COVID-19 scenario analysis: 

  • The COVID-19 virus outbreak in December 2019 became a global pandemic. As per the rules and regulations set by governments with the help of World Health Organization, it was concluded that the virus transmission is primarily due to human contact, and this most of the businesses are facilitating work from home choice to their employee to continue business activities.
  • Almost every business is implementing virtual techniques for communicating and transferring the data & information with the employees to improve their safety. This factor has significantly impacted the acceptance rate of communication software and the market has observed accelerated growth during the COVID-19 outbreak. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increasing penetration of web applications, mobile applications, and SaaS-based solutions in enterprises and the rising demand for advanced employee communication tools for effective and efficient business communication are driving the growth of the communication software market. In addition, emergence of technologies such as artificial intelligence and internet of things has led to the advent of smart and intelligent workplaces, thereby fueling the growth of the market.

However, risk to security breach and high software subscription cost are hampering the market growth. Furthermore, the growing demand for end-to-end business process optimization, enhanced operational efficiency, efficient employee interaction, and reduced miscommunication are among the major factors providing lucrative opportunities to the growth of the communication software market. 

The market trends for communication software market are as follows:

Integration of advanced technologies to communication software

Increase in the number of smart and connected devices, implementation of cloud computing, and emergence of technologies such as artificial intelligence and internet of things have resulted in the emergence of smart workplaces. Attributed to the increase in penetration of web & mobile applications and software as a service (SaaS) based solutions in companies, the demand for advanced communication tools for effective business communication is rising at a fast pace, which enhances the growth of the communication software market. 

North America is expected to lead the market during the forecast period

North America is characterized by the presence of developed countries, such as the U.S. and Canada, where the implementation of advanced technology and communication solutions, mobile applications, and digital services is very high,
which, in turns, propels the growth of the market. 

Key segments covered:

Segments

Sub segments

  Component

  1. Software 
  2. Services

  Deployment Model

  1. On-Premises
  2. Cloud

  Enterprise Size

  1. Large Enterprises
  2. Small & Medium Enterprises

  Industry Vertical

  1. BFSI
  2. Manufacturing
  3. Retail
  4. Healthcare
  5. IT and Telecom
  6. Others

 

Key benefits of the report:

  • This study presents analytical depiction of the communication software market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the communication software market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis based on the present and future competitive intensity of the communication software market. 

Questions answered in the communication software market research report:

  • Who are the leading market players active in communication software market?
  • What would be the detailed impact of COVID-19 on communication software market?
  • What current trends would influence the communication software market in the next few years??
  • What are the driving factors, restraints, and opportunities in the communication software market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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