Collaboration Software Market size will grow at 13% CAGR from 2016 to 2024 and exceed USD 8.5 billion by 2024. Connect unstructured and ad hoc collaboration with structured content-centric business process and technological innovations will drive growth.
These provide a private online platform for individuals to engage in team activity or connect & collaborate with others in single shared and centralized environment. It helps individuals to contact with co-workers in and outside business organization that includes business partners, workers, consultants and customers.
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Analytics & business intelligence, human capital administration, content management, ecommerce, IT service management, customer relationship management, enterprise performance management represent key application areas. Other notable segments include ERP financial supervision, ERP services & operations management, PLM & engineering, project portfolio management, procurement, sales performance management, SCM and treasury & risk management.
U.S. collaboration software market size is expected to dominate revenue over forecast timeline due to presence of large number of vendors. Latin America offers potential growth opportunities as there are technological innovation and organization are focusing on better customer experience to gain competitive advantage.
Key players accounting for collaboration software market share are Microsoft, Cisco System, Citrix, Oracle, IBM, Box incorporation, Google, Intralinks Holdings Incorporations and Survey Monkey. Slack, Dropbox and Box are start-up that are adopting the concept with whole new approach to share knowledge, team collaborations and information filtering through smart messaging.
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Merger & acquisitions, product innovation, and R&D are some strategies that are being adopted by key players. For instance, Microsoft announced to buy LinkedIn in a USD 26.2 billion deal to strengthen its service portfolio and bolster revenue. Cisco acquired Jasper for cloud based internet-of-things (IoT). Box Incorporation may enhance healthcare offering by providing Box DICOM Viewer that helps in view & share medical images and streamline referral management. Intralinks Holdings acquired Verilume for cloud infrastructure. IBM has adopted acquisition strategy in response to increasing cloud focus.
This latest Collaboration Software Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Collaboration Software Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Collaboration Software Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Key Insights in this Report
- Collaboration Software Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Collaboration Software Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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