Bulletin
Investor Alert

June 10, 2020, 1:28 a.m. EDT

Collaboration Software Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2026

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Jun 10, 2020 (Market Insight Reports) -- Selbyville, Delaware the newly Added research report at Market Study Report titled "2020-2026 Global Collaboration Software Report" provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Collaboration software helps in enhancing the productivity of a group or a team in an enterprise in order to acquire organizational goals, which in turn is driving the market growth. The software not only allows users to coordinate tasks but also create an individual workspace to upload workflows and data, which can accessed, viewed and updated by other users. The three basic functions of a collaboration software are information storage, shared access to data, and knowledge management.

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2640084/?utm_source=Marketwatch.com&utm_medium=AN

As per component type, managed services segment is projected to expand with a CAGR of 20% during 2020-2026, primarily due to increasing dependency of enterprises on third party service vendors.

Based on the application landscape, BFSI segment held 15% share of collaboration software market in 2019 and is poised to accumulate notable returns in the ensuing years. The growth is attributed to increasing utilization of cloud computing technologies in BFSI sector.

Shifting focus towards improving enterprise communication along with technological advancements are major factors fueling the demand for collaboration software across the globe. The solution enables enterprises to share, manage and process documents and files across multiple systems.

Regionally, Middle East & Africa collaboration software industry is predicted to record a y-o-y growth rate of 10% between 2020 and 2026, primarily due to growing demand for enhancing communication within organizations.

Zoom Video Communications Inc., Zoho Corp. Pvt. Ltd., TeamViewer GmbH, SMART Technologies, Slack Technologies Inc., Polycom Inc., Oracle Corp., OpenText Corp., Microsoft Corp., Micro Focus International Plc., LogMeIn Inc., IBM Corp., Google LLC, Citrix Systems Inc., Cisco Systems INC., BOX Inc., Blackboard Inc., Avaya Inc., AudioCodes Ltd., Atlassian Corp. Plc and AT&T Inc. are the major participants in global collaboration software market.

Question & Answer: Collaboration Software Market

Question 1: What factors are fueling the growth of collaboration software market?

Answer: Shifting focus towards improving enterprise communication along with technological advancements are major factors fueling the demand for collaboration software across the globe, which in turn is driving the market growth.

Question 2: Why are managed collaboration services gaining popularity?

Answer: Increasing dependency of enterprises on third party service vendors is fostering the demand for managed collaboration services.

Question 3: How will Middle East & Africa generate revenue for global collaboration software industry?

Answer: Growing demand for enhancing communication within organizations is favoring the market scenario in MEA.

Question 4: Which companies formulate the competitive scenario of collaboration software market?

Answer: IBM Corp., Google LLC, Citrix Systems Inc., Cisco Systems INC., BOX Inc., Blackboard Inc., Avaya Inc., AudioCodes Ltd., Atlassian Corp. Plc and AT&T Inc. are the major participants in global collaboration software market.

Complete Report At: https://www.marketstudyreport.com/reports/collaboration-software-market?utm_source=Marketwatch.com&utm_medium=AN

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.