Press Release
Press Release
The global team collaboration software market has witnessed significant growth in the historical period owing to the increase in cloud-based services. The need for cloud-based platforms to effectively share and collaborate, and ensure enterprise-wide seamless communication, is growing as the number of people working remotely increases. Work-from-home trend is gaining traction among small and medium-sized businesses, which is expected to boost the market. Organisations are aggressively pursuing digital transformation strategies to ensure operational flexibility and enhance responsiveness and productivity. In the coming years, the IT and telecommunications industries expect widespread adoption of team collaboration software. This is due to an increase in IT spending by various industries in order to incorporate technological solutions into their operations. The growing trend among businesses to implement smart meeting rooms has created new market growth opportunities. Corporates can use the latest, innovative technologies to facilitate seamless connectivity, boost productivity, and foster creativity while also gaining a competitive advantage over their competitors. Artificial Intelligence (AI) combined with collaboration tools allows organisations to automate and improve communication.
Service providers have also partnered with other organisations to develop mobility solutions that allow employees to automate work processes from any location, collaborate effectively, and maintain team communication. Cisco Systems Inc. (NASDAQ: CSCO) acquired BabbleLabs, Inc. in May 2020 to help businesses and teams reduce unwanted noise in meetings. Cisco will use BabbleLabs' advanced artificial intelligence (AI) techniques to improve the quality of communications in web conferencing applications because of this acquisition. This will provide further impetus to the market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global team collaboration software industry are Cisco Systems, Inc., Citrix Systems, Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, and Oracle Corporation, among others.
The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.