Reports

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Team Collaboration Software Market: By Component: Software, Service; Deployment: On-Premise, Cloud; Software Type: Conferencing, Communication & Co-ordination; Industry Vertical; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Team Collaboration Software Market Outlook

The global team collaboration software market reached a value of about USD 11.1 billion in 2020. The industry is further expected to grow at a CAGR of about 13.2% in the forecast period of 2021-2026 to reach a value of around USD 23.4 billion by 2026, driven by the changing work culture.


North America to Significantly Aid the Growth of the Team Collaboration Software Industry


North America is one of the major regional markets in the team collaboration software industry, contributing significantly to the growth of the overall market. The market growth in the region can be attributed to the rapid adoption of web conferencing solutions, communication tools, and collaboration portals by businesses in North America. In addition, North American key players have been introducing innovative collaboration software with the addition of the existing software, which is expected to further aid the market growth. 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.

 

Global Team Collaboration Software Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Asia Pacific region also accounted for a significant revenue share in the market in line with the increased emphasis on improving networking technology to cope with the COVID-19 pandemic. India and China, for example, are investing in the development of high-speed data networks. This has encouraged organisations to deploy team collaboration software as a part of the effort to optimize the workforce and ensure efficient employee interaction.
 

Impact of COVID-19 on Team Collaboration Software Industry 

The team collaboration software industry witnessed a spike in demand during the COVID-19 pandemic owing to the introduction of policies, such as work from home, across the globe. Multiple industries witnessed disruptions in their business operations and workforce management. Many collaborative platform players helped these industries to cope with their disrupted business. For instance - Microsoft Corporation offered a free six-month trial for a premium tier of Microsoft Teams globally in June 2020. The tier was created to allow hospitals, schools, and businesses in China to run Microsoft Teams quickly, and it is now available globally. The company also introduced new Teams features aimed at improving remote meetings, which further propelled the market growth during the pandemic.
 

Team Collaboration Software:Industry Definition and Segmentation

Team collaboration software, also known as a team collaboration tool, is a term used to define the different types of software and online services available to companies and individuals that enable them to feasibly work together on common projects, regardless of their physical location. These tools enable a more coordinated workflow by establishing a unified platform for file sharing, online storage, team discussion, task assignments, and real-time collaboration.

The major components of the industry can be divided into: 

  • Software 
  • Service 

On the basis of deployment, the industry is classified into:

  • On-Premise 
  • Cloud

The market can be broadly categorised based on its software type into:

  • Conferencing 
  • Communication and Co-ordination 

The industry is further divided on the basis of industry vertical:

  • Banking, Financial Services and Insurance (BFSI)
  • Manufacturing
  • Healthcare
  • IT and Telecommunications
  • Retail and E-commerce
  • Government and Defence
  • Media and Entertainment
  • Education
  • Others
     

Rising Demand for Cloud-Based Services Boosting the Market Growth of Team Collaboration Software


The rising demand for cloud-based services is among the primary factors leading the market growth. The need for cloud-based platforms to effectively share and collaborate, and to ensure enterprise-wide seamless communication is growing as the number of people working remotely increases. The COVID-19 pandemic has prompted businesses to ramp up their use of cloud-based communication tools like video conferencing and instant messaging software, which allow companies to connect and communicate with employees remotely while ensuring their safety. The work-from-home trends are growing in popularity among start-ups and small and medium-sized businesses, which is expected to boost the market growth. Organisations are also looking forward to the post-pandemic era and considering adopting a hybrid working culture. They are subsequently ramping up their investments in reliable collaboration solutions to ensure effective communication. Such factors are expected to propel the market growth of team collaboration software.

New technologies, such as machine learning, artificial intelligence, virtual reality, and augmented reality, are expected to be integrated into various collaboration tools, creating lucrative opportunities for players in the online collaboration software market. The IT and telecommunication industry anticipates high adoption of team collaboration software in the coming years. This is attributed to the growth in IT spending by various industries to adopt technological solutions into their operations. Also, the banking, financial services, and insurance sector (BFSI) have increased their IT budgets to adopt various collaborative platforms to help cope with ongoing disruptions due to the COVID-19 pandemic. These factors are expected to continue aiding the growth of the market for team collaboration software in the coming years.
 

Key Industry Players in the Global Team Collaboration Software Market

The report gives a detailed analysis of the following key players in the global team collaboration software market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • Google LLC
  • International Business Machines Corporation 
  • Microsoft Corporation 
  • Oracle Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Deployment, Software Type, Industry Vertical, Region
Breakup by Component Software, Service
Breakup by Deployment On-Premise, Cloud
Breakup by Software Type Conferencing, Communication & Co-ordination
Breakup by Industry Vertical Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, IT and Telecommunications, Retail and E-commerce, Government and Defence, Media and Entertainment, Education, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Cisco Systems, Inc., Citrix Systems, Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Team Collaboration Software Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Team Collaboration Software Historical Market (2016-2020) 
    8.3    Global Team Collaboration Software Market Forecast (2021-2026)
    8.4    Global Team Collaboration Software Market by Component
        8.4.1    Software
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Service
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Team Collaboration Software Market by Deployment
        8.5.1    On-Premise
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Cloud
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Team Collaboration Software Market by Software Type
        8.6.1    Conferencing
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Communication & Co-ordination
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Team Collaboration Software Market by Industry Vertical
        8.7.1    Banking, Financial Services and Insurance (BFSI)
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Manufacturing
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Healthcare
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    IT and Telecommunications
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Retail and E-commerce
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Government and Defence
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Media and Entertainment
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Education
            8.7.8.1    Market Share
            8.7.8.2    Historical Trend (2016-2020)
            8.7.8.3    Forecast Trend (2021-2026)
        8.7.9    Others
    8.8    Global Team Collaboration Software Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Cisco Systems, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Citrix Systems, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
                12.2.2.4    Certifications
        12.2.3    Google LLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    International Business Machines Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Microsoft Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Oracle Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Team Collaboration Software Market: Key Industry Highlights, 2016 and 2026
2.    Global Team Collaboration Software Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Team Collaboration Software Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Team Collaboration Software Historical Market: Breakup by Deployment (USD Billion), 2016-2020
5.    Global Team Collaboration Software Market Forecast: Breakup by Deployment (USD Billion), 2021-2026
6.    Global Team Collaboration Software Historical Market: Breakup by Software Type (USD Billion), 2016-2020
7.    Global Team Collaboration Software Market Forecast: Breakup by Software Type (USD Billion), 2021-2026
8.    Global Team Collaboration Software Historical Market: Breakup by Industry Vertical (USD Billion), 2016-2020
9.    Global Team Collaboration Software Market Forecast: Breakup by Industry Vertical (USD Billion), 2021-2026
10.    Global Team Collaboration Software Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Team Collaboration Software Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Team Collaboration Software Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Team Collaboration Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Team Collaboration Software Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Team Collaboration Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Team Collaboration Software Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Team Collaboration Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Team Collaboration Software Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Team Collaboration Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Team Collaboration Software Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Team Collaboration Software Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Team Collaboration Software Market Structure

Key Questions Answered in the Report

In 2020, the global team collaboration software market attained a value of nearly USD 11.1 billion.

The market is projected to grow at a CAGR of 13.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 23.4 billion by 2026.

The major drivers of the market include increasing work from home trends, technological advancements, increasing broadband penetration, rising investment in the development of high-speed data networks, and adoption of web conferencing solutions.

The impact of the COVID-19 pandemic and the rising demand for cloud-based services, machine learning, and artificial intelligence (AI) are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major components of team collaboration software in the industry are software and service.

On-Premises and cloud are the significant deployment segments of team collaboration software in the market.

The leading software types of team collaboration software in the market are conferencing, communication, and co-ordination.

Banking, financial services and insurance (BFSI), manufacturing, healthcare, IT and telecommunications, retail and e-commerce, government and defence, media and entertainment, and education, among others, are the major industry verticals in the market.

The major players in the industry are Cisco Systems, Inc., Citrix Systems, Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, and Oracle Corporation, among others.

Analyst Review

The global team collaboration software market attained a value of nearly USD 11.1 billion in 2020, driven by the changing work culture due to the COVID-19 pandemic. Aided by the growing technological advancements, machine learning, and cloud-based services, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13.2%. The market is projected to reach USD 23.4 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the team collaboration software industry can be segmented into software and service. On the basis of deployment, the market can be segmented into on-premises and cloud. The software types in the market include conferencing, communication and co-ordination. The various industry verticals in the market include banking, financial services and insurance (BFSI), manufacturing, healthcare, IT and telecommunications, retail and e-commerce, government and defence, media and entertainment, and education, among others. The major regional markets for  team collaboration software  are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cisco Systems, Inc., Citrix Systems, Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, and Oracle Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

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.

Similar Reports





NEWSLETTER