Market Overview:
The global team communication software market is expected to grow from USD 2.5 billion in 2018 to USD 5.8 billion by 2030, at a CAGR of 12.9% during the forecast period. The growth of the market can be attributed to the increasing demand for team communication software across enterprises and government sectors, and rising adoption of cloud-based team communication software solutions. However, data security and privacy concerns may restrain the growth of this market during the forecast period. Based on type, the global team communication software market is segmented into basic (USD 2 user/month), standard (USD 3 user/month), and senior (USD 4 user/month) segments.
Product Definition:
Team Communication Software is a type of software that allows team members to communicate with each other. This can include sending messages, sharing files, and collaborating on projects. The importance of Team Communication Software is that it allows team members to easily communicate with each other, which can help them work more efficiently together.
Basic( User/month):
Basic( User/month), it's usage.
The global team communication software market size was valued at USD 2.67 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The increasing need for effective collaboration among the teams is one of the key factors driving demand for these solutions globally.
Standard( User/month):
The Standard) user/month is the minimum amount of users that a company needs to maintain its current level of business activity. In other words, it's the minimum number of people needed in a team to get any real work done. The more users there are in a team, generally the harder it is to manage things because each additional user brings with them their own set of expectations and habits which can make working together difficult at times.
Application Insights:
The enterprise office application segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to factors such as increasing number of MNCs across the globe, growing emphasis on efficiency in business operations, and demand for team communication software that helps organizations manage their internal communications.
The education sector is expected to register a significant CAGR over the forecast period owing to rising need among schools and colleges for effective inter-personal communications within classrooms and offices. Furthermore, an increase in student population has led schools/colleges/universities worldwide to adopt modern technologies that help them communicate effectively with each other thereby driving demand across this sector globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing investments in communication software and a growing number of small & medium enterprises (SMEs). Additionally, high disposable income levels, coupled with an increase in consumerism have contributed to higher sales of team communication software solutions within North America.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to several factors such as improving internet infrastructure and increased adoption of cloud-based technologies by SMEs across various countries including China & India. Furthermore, government initiatives for e-governance are also driving demand for team communication software solutions within Asia Pacific region which will further boost market growth during the forecast period from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for team communication software from small and medium businesses (SMBs) due to the growing need for enhanced communication and collaboration among team members.
- The increasing trend of Bring Your Own Device (BYOD) is also fueling the growth of the team communication software market as employees are more comfortable using their personal devices for work-related tasks.
- Proliferation of cloud-based solutions is also aiding in the growth of this market as it offers easy deployment, scalability, and affordability to users.
- Growing popularity of social media platforms has led to an increase in demand for integrated team communication software that offer features such as chat, video conferencing, file sharing, etc., all under one platform.
Scope Of The Report
Report Attributes
Report Details
Report Title
Team Communication Software Market Research Report
By Type
Basic($2 User/month), Standard($3 User/month), Senior($4 User/month)
By Application
Enterprise Office, Government Sector, Education, Other
By Companies
Monday, Deputy, Bitrix, Zoho Cliq, Kitovu, Samepage, TeamViewer, Talk on Task, Slack, Basecamp, Microsoft, Google, Zoho Desk, ConnectWise, ClickUp, Facebook, Workamajig, Homebase, Highfive Technologies, Flock, Front, BRIC, Mattermost
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Team Communication Software Market Report Segments:
The global Team Communication Software market is segmented on the basis of:
Types
Basic($2 User/month), Standard($3 User/month), Senior($4 User/month)
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
Enterprise Office, Government Sector, Education, Other
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:
- Monday
- Deputy
- Bitrix
- Zoho Cliq
- Kitovu
- Samepage
- TeamViewer
- Talk on Task
- Slack
- Basecamp
- Microsoft
- Zoho Desk
- ConnectWise
- ClickUp
- Workamajig
- Homebase
- Highfive Technologies
- Flock
- Front
- BRIC
- Mattermost
Highlights of The Team Communication 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:
- Basic($2 User/month)
- Standard($3 User/month)
- Senior($4 User/month)
- By Application:
- Enterprise Office
- Government Sector
- Education
- Other
- 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 Communication 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 communication software is a type of software that helps teams communicate more effectively. It can be used to create and manage email, chat, and other types of communication tools.
Some of the major players in the team communication software market are Monday, Deputy, Bitrix, Zoho Cliq, Kitovu, Samepage, TeamViewer, Talk on Task, Slack, Basecamp, Microsoft, Google, Zoho Desk, ConnectWise, ClickUp, Facebook, Workamajig, Homebase, Highfive Technologies, Flock, Front, BRIC, Mattermost.
The team communication software market is expected to register a CAGR of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Team Communication 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 Communication Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Team Communication 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 Communication 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 Communication Software Market Size & Forecast, 2018-2028 4.5.1 Team Communication Software Market Size and Y-o-Y Growth 4.5.2 Team Communication Software Market Absolute $ Opportunity
Chapter 5 Global Team Communication Software 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 Team Communication Software Market Size Forecast by Type
5.2.1 Basic($2 User/month)
5.2.2 Standard($3 User/month)
5.2.3 Senior($4 User/month)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Team Communication Software 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 Team Communication Software Market Size Forecast by Applications
6.2.1 Enterprise Office
6.2.2 Government Sector
6.2.3 Education
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Team Communication 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 Communication 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 Team Communication Software Analysis and Forecast
9.1 Introduction
9.2 North America Team Communication Software 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 Team Communication Software Market Size Forecast by Type
9.6.1 Basic($2 User/month)
9.6.2 Standard($3 User/month)
9.6.3 Senior($4 User/month)
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 Team Communication Software Market Size Forecast by Applications
9.10.1 Enterprise Office
9.10.2 Government Sector
9.10.3 Education
9.10.4 Other
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 Team Communication Software Analysis and Forecast
10.1 Introduction
10.2 Europe Team Communication Software 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 Team Communication Software Market Size Forecast by Type
10.6.1 Basic($2 User/month)
10.6.2 Standard($3 User/month)
10.6.3 Senior($4 User/month)
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 Team Communication Software Market Size Forecast by Applications
10.10.1 Enterprise Office
10.10.2 Government Sector
10.10.3 Education
10.10.4 Other
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 Team Communication Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Team Communication Software 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 Team Communication Software Market Size Forecast by Type
11.6.1 Basic($2 User/month)
11.6.2 Standard($3 User/month)
11.6.3 Senior($4 User/month)
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 Team Communication Software Market Size Forecast by Applications
11.10.1 Enterprise Office
11.10.2 Government Sector
11.10.3 Education
11.10.4 Other
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 Team Communication Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Team Communication Software 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 Team Communication Software Market Size Forecast by Type
12.6.1 Basic($2 User/month)
12.6.2 Standard($3 User/month)
12.6.3 Senior($4 User/month)
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 Team Communication Software Market Size Forecast by Applications
12.10.1 Enterprise Office
12.10.2 Government Sector
12.10.3 Education
12.10.4 Other
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) Team Communication Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Team Communication Software 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) Team Communication Software Market Size Forecast by Type
13.6.1 Basic($2 User/month)
13.6.2 Standard($3 User/month)
13.6.3 Senior($4 User/month)
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) Team Communication Software Market Size Forecast by Applications
13.10.1 Enterprise Office
13.10.2 Government Sector
13.10.3 Education
13.10.4 Other
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 Communication Software Market: Competitive Dashboard
14.2 Global Team Communication Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Monday
14.3.2 Deputy
14.3.3 Bitrix
14.3.4 Zoho Cliq
14.3.5 Kitovu
14.3.6 Samepage
14.3.7 TeamViewer
14.3.8 Talk on Task
14.3.9 Slack
14.3.10 Basecamp
14.3.11 Microsoft
14.3.12 Google
14.3.13 Zoho Desk
14.3.14 ConnectWise
14.3.15 ClickUp
14.3.16 Facebook
14.3.17 Workamajig
14.3.18 Homebase
14.3.19 Highfive Technologies
14.3.20 Flock
14.3.21 Front
14.3.22 BRIC
14.3.23 Mattermost