The Collaboration Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Collaboration Software Global Market Report 2024, The collaboration software market size has grown steadily in recent years. It will grow from $13.58 billion in 2023 to $14.16 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to globalization and remote work, increased use of cloud computing, mobility and byod (bring your own device), demand for productivity and efficiency, rise of saas models.
The collaboration software market size is expected to see steady growth in the next few years. It will grow to $16.53 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to integration of artificial intelligence, rise of hybrid work environments, security and compliance focus, emphasis on user experience, interoperability and integration. Major trends in the forecast period include team collaboration and messaging, video conferencing and virtual meetings, document collaboration and sharing, project management integration, augmented reality (ar) integration.
The increasing remote working expected to propel the growth of the collaboration software market going forward. Remote working refers to a work arrangement in which employees perform their job responsibilities from a location outside the traditional office, typically from their homes or other remote locations. The growth of remote work has accelerated the development and adoption of collaboration software, as organizations recognize the need for effective remote collaboration tools to maintain productivity, communication, and teamwork. For instance, in June 2023, according to Forbes, a US-based business magazine, men who work remotely full-time make up 38% of the workforce, while 23% do so part-time. Comparatively, 22% of women work part-time and 30% of women work remotely full-time. Therefore, the increasing remote working is driving the growth of the collaboration software market.
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The collaboration software market covered in this report is segmented –
1) By Software Type: Conferencing Software; Communication and Coordination Software
2) By Deployment: Cloud; On-premise
3) By End User: IT & Telecom; BFSI; Retail; Healthcare; Government; Other End-Users
Top Major Players
Citrix Systems Inc.,
Slack Technologies Inc.,
Oracle Corporation,
IBM Corporation,
AT&T Intellectual Property
The collaboration software market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Collaboration Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Collaboration Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Collaboration Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………
Table 74: Citrix Systems Inc. Financial Performance
Table 75: Slack Technologies Inc. Financial Performance
Table 76: Oracle Corporation Financial Performance
Table 77: IBM Corporation Financial Performance
Table 78: AT&T Intellectual Property Financial Performance
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