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Team Collaboration Software Market by Component (Software and Service), Deployment Mode (On-Premise and Cloud), Software Type (Conferencing and Communication & Co-Ordination), and Industry Vertical (BFSI, Retail & E-Commerce, Manufacturing, Government & Defense, Energy & Utilities, IT & Telecom, Education, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

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Sep 2019 | 28 Views
 
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Team Collaboration Software Market Outlook: 2026

Team collaboration is a communication and project management approach that emphasizes on teamwork, innovative thinking, and equal participation to achieve objectives. Team collaboration software refers to a kind of web tool that helps to co-ordinate one or more people within an enterprise, potentially offer solutions for management, track development of a project, and more. The features, because of which there is increase in the market size, include remote file access, calendar integration, unified communications, conferencing, and screen sharing. The main goal of this software is to enhance the productivity level of a team within an organization. It allows two or more remote customers to work on the same project at the same time, thus this software type of software is helpful for group processes helping people involved in a mutual task to complete their goals.

Increase in use of video and audio conferencing in organizations and increase in integration of AI technology with team collaboration software for better communication are the major factors that drive the growth of the team collaboration software market. In addition, seamless exchange data, greater innovative ability, less email reliance & overload, overall increased productivity, software release track, case track, and user access controls fuel the growth of the market. However, lack of training & support as well as high cost of investment in infrastructure and lack of security hamper the team collaboration software market growth. Furthermore, increasing adoption of IoT systems in organizations to achieve better digital transformation goal is anticipated to provide major opportunities for the team collaboration software market.

The team collaboration software market is segmented into component, deployment mode, software type, industry vertical, and region. In terms of component, it is segmented into software and service. By deployment mode, it is bifurcated into on-premise and cloud. As per software type, it is classified into conferencing and communication & co-ordination. As per industry vertical, it is categorized into BFSI, retail & e-commerce, manufacturing, government & defense, energy & utilities, IT & telecom, education, healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the team collaboration software market analysis are IBM Corporation, Microsoft Corporation, Oracle Corporation, Cisco System Inc., Slack Technologies, Inc., MindMeld Inc., Citrix Systems Inc., AT&T Intellectual Property, Google (Alphabet Inc.), and SMART Technologies ULC. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future team collaboration software market trends are outlined to determine the overall attractiveness of the market.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global team collaboration software market share along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global team collaboration software market from 2018–2026 provided to determine the market potential.

KEY MARKET SEGMENTS

By Component

  • Software
  • Service

By Deployment Mode

  • On-Premise
  • Cloud

By Software Type

  • Conferencing
  • Communication and Co-ordination

By Industry Vertical

  • BFSI
  • Retail & E-commerce
  • Manufacturing
  • Government & Defense
  • Energy & Utilities
  • IT and Telecom
  • Education
  • Healthcare
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany 
    • France
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

KEY MARKET PLAYERS 

  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Cisco System Inc.
  • Slack Technologies, Inc.
  • MindMeld Inc.
  • Citrix Systems Inc.
  • AT&T Intellectual Property
  • Google (Alphabet Inc.)
  • SMART Technologies ULC
 

    

 
 
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