Market Overview:
The global team collaboration software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based team collaboration software and rising adoption of BYOD (Bring Your Own Device) policies in organizations. On the basis of type, the global team collaboration software market is segmented into on-premises model and software as a service (SaaS) model. The SaaS model is expected to grow at a higher CAGR than the on-premises model during the forecast period. This can be attributed to its advantages such as low cost, easy deployment, and scalability. Based on application, banking, financial services, and insurance (BFSI), communications and media, manufacturing (discrete and process), government, health care sector are some of the major segments in terms of end users for team collaboration software solutions across different regions globally.
Product Definition:
Team collaboration software is a type of software that allows team members to collaborate on projects. This type of software can include features such as chat, file sharing, and task management. The importance of team collaboration software is that it allows team members to work together more effectively. This can be beneficial for tasks such as brainstorming, assigning tasks, and tracking progress.
On-premises model:
On-premises model is a traditional approach of Team Collaboration Software deployment. It's an internal networked installation where all the software and data are stored on the computers present within the organization’s firewall. The information can be accessed by authorized users only, thus providing more security as compared to cloud-based solutions.
Software as a service model:
Software as a service (SaaS) model is an emerging trend in the IT industry. It is also known as cloud computing or hosted services. The basic concept of SaaS is that instead of buying or leasing physical hardware and installing software on it, companies can subscribe to services provided by the provider wherein they get access to all the software solutions over the internet.
Application Insights:
The banking, financial services, and insurance application segment dominated the global team collaboration software market in 2017. The growth can be attributed to the increasing use of cloud infrastructure for data storage and rising demand for real-time communications among employees. Furthermore, factors such as regulatory changes that allow banks to offer more advanced technology products are likely to drive industry growth over the forecast period.
The manufacturing (discrete and process) segment is expected to register a notable CAGR during the forecast period owing to technological advancements that have revolutionized manufacturing processes over recent years. This has led manufacturers of industrial machinery and equipment worldwide towards adopting digital technologies such as big data analytics, IoT (Internet of Things), machine learning algorithms etc., which in turn is anticipated to fuel industry expansion over next seven years or so.
Regional Analysis:
The North American regional market dominated the global team collaboration software industry in 2016. The growth of this region can be attributed to the presence of a large number of IT companies that offer these solutions. Moreover, increasing adoption of cloud-based technologies is also expected to drive demand for these solutions in this region over the forecast period.
Asia Pacific and Latin America are anticipated to witness significant growth over the next eight years owing to increasing government initiatives and investments in various industries across both regions.
Growth Factors:
- Increased demand for team collaboration software from small and medium businesses (SMBs) due to the growing need for enhanced communication and collaboration among team members.
- The increasing trend of BYOD (Bring Your Own Device) in the workplace, which is encouraging the use of team collaboration software for better productivity.
- Proliferation of cloud-based solutions that offer easy deployment, scalability, and affordability, thus making it easier for organizations to adopt these tools.
- Growing demand from industries such as healthcare and retail that require secure and real-time communication among their employees working in different locations across the globe.
- Emergence of new features such as video conferencing, chatbots, etc., that are helping team collaboration software to become more user-friendly and efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Team Collaboration Software Market Research Report
By Type
On-premises model, Software as a service model
By Application
Banking, financial services, and insurance, Communications and media, Manufacturing (discrete and process), Government, Health, Wholesale and retail services, Transportation, Utilities and resources
By Companies
ADOBE, AT&T, AUDIOCODES, AVAYA, CISCO, CITRIX, BLACKBOARD, YAHOO, GOOGLE, IBM, METASWITCH, MICROSOFT, MITEL, Micro Focus, OPENTEXT, ORACLE, PGI, POLYCOM, RADISYS, SABA, SIEMENS, SMART TECHNOLOGIES, WEST Corpration, WYDE VOICE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Team Collaboration Software Market Report Segments:
The global Team Collaboration Software market is segmented on the basis of:
Types
On-premises model, Software as a service model
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, financial services, and insurance, Communications and media, Manufacturing (discrete and process), Government, Health, Wholesale and retail services, Transportation, Utilities and resources
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADOBE
- AT&T
- AUDIOCODES
- AVAYA
- CISCO
- CITRIX
- BLACKBOARD
- YAHOO
- GOOGLE
- IBM
- METASWITCH
- MICROSOFT
- MITEL
- Micro Focus
- OPENTEXT
- ORACLE
- PGI
- POLYCOM
- RADISYS
- SABA
- SIEMENS
- SMART TECHNOLOGIES
- WEST Corpration
- WYDE VOICE
Highlights of The Team Collaboration Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premises model
- Software as a service model
- By Application:
- Banking, financial services, and insurance
- Communications and media
- Manufacturing (discrete and process)
- Government
- Health
- Wholesale and retail services
- Transportation
- Utilities and resources
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Team Collaboration Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Team collaboration software is a type of software that helps teams work together more effectively. It can be used to share files, communicate with each other, and track the progress of projects.
Some of the key players operating in the team collaboration software market are ADOBE, AT&T, AUDIOCODES, AVAYA, CISCO, CITRIX, BLACKBOARD, YAHOO, GOOGLE, IBM, METASWITCH, MICROSOFT, MITEL, Micro Focus, OPENTEXT, ORACLE, PGI, POLYCOM, RADISYS, SABA, SIEMENS, SMART TECHNOLOGIES, WEST Corpration, WYDE VOICE.
The team collaboration software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Team Collaboration Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Team Collaboration Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Team Collaboration Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Team Collaboration Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Team Collaboration Software Market Size & Forecast, 2020-2028
4.5.1 Team Collaboration Software Market Size and Y-o-Y Growth
4.5.2 Team Collaboration Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 On-premises model
5.2.2 Software as a service model
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 financial services
6.2.3 and insurance
6.2.4 Communications and media
6.2.5 Manufacturing (discrete and process)
6.2.6 Government
6.2.7 Health
6.2.8 Wholesale and retail services
6.2.9 Transportation
6.2.10 Utilities and resources
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Team Collaboration Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Team Collaboration Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 On-premises model
9.6.2 Software as a service model
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 financial services
9.10.3 and insurance
9.10.4 Communications and media
9.10.5 Manufacturing (discrete and process)
9.10.6 Government
9.10.7 Health
9.10.8 Wholesale and retail services
9.10.9 Transportation
9.10.10 Utilities and resources
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 On-premises model
10.6.2 Software as a service model
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 financial services
10.10.3 and insurance
10.10.4 Communications and media
10.10.5 Manufacturing (discrete and process)
10.10.6 Government
10.10.7 Health
10.10.8 Wholesale and retail services
10.10.9 Transportation
10.10.10 Utilities and resources
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 On-premises model
11.6.2 Software as a service model
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 financial services
11.10.3 and insurance
11.10.4 Communications and media
11.10.5 Manufacturing (discrete and process)
11.10.6 Government
11.10.7 Health
11.10.8 Wholesale and retail services
11.10.9 Transportation
11.10.10 Utilities and resources
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 On-premises model
12.6.2 Software as a service model
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 financial services
12.10.3 and insurance
12.10.4 Communications and media
12.10.5 Manufacturing (discrete and process)
12.10.6 Government
12.10.7 Health
12.10.8 Wholesale and retail services
12.10.9 Transportation
12.10.10 Utilities and resources
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 On-premises model
13.6.2 Software as a service model
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 financial services
13.10.3 and insurance
13.10.4 Communications and media
13.10.5 Manufacturing (discrete and process)
13.10.6 Government
13.10.7 Health
13.10.8 Wholesale and retail services
13.10.9 Transportation
13.10.10 Utilities and resources
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Team Collaboration Software Market: Competitive Dashboard
14.2 Global Team Collaboration Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADOBE
14.3.2 AT&T
14.3.3 AUDIOCODES
14.3.4 AVAYA
14.3.5 CISCO
14.3.6 CITRIX
14.3.7 BLACKBOARD
14.3.8 YAHOO
14.3.9 GOOGLE
14.3.10 IBM
14.3.11 METASWITCH
14.3.12 MICROSOFT
14.3.13 MITEL
14.3.14 Micro Focus
14.3.15 OPENTEXT
14.3.16 ORACLE
14.3.17 PGI
14.3.18 POLYCOM
14.3.19 RADISYS
14.3.20 SABA
14.3.21 SIEMENS
14.3.22 SMART TECHNOLOGIES
14.3.23 WEST Corpration
14.3.24 WYDE VOICE
