According to the latest report available online at Wise Guys Reports (WGR) the global team communication software market has witnessed an unprecedented growth of 20% to 25% within the timeline of 2014 to 2019. The extrapolated future growth is expected to continue at higher rates by 2024 with a healthy CAGR.
The need and utility of team communication software at workplace includes services and products that help team members based out of same and different location to collaborate and communicate. Most companies have branches in different geographical locations. This makes sharing and collaborating knowledge and information difficult over the conventional communication mediums. The team communication software act as a virtual environment that bridge the location gap and engage participants to create, organize and share information on a unified platform. These mediums are interactive and specially designed to adhere to corporate requirements. Team communication software has profound use amongst small homogenous teams as well as across the entire organization.
Sharing objectives, tasks and activities designed to meet organizational goals have become easier through the team application software. Many of these applications offer easy accessibility anytime and anywhere via internet to keep people interconnected. The popularity of the global team communication software owes to the enhanced productivity and profitable web collaboration obtained through its usage.
The frontrunners in the arena of providing corporate collaborative software 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 Corporation, WYDE VOICE and others.
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Global Team Communication Software Market: Segmental Analysis
The global team communication software market can be segmented on basis of product type and application.
Categorization based on product type, the team communication software can of web services API or Thin Client Applications. Web services and API help in interacting between two or more machines over a network. A thin client functions as a virtual desktop that uses the computing power residing on networked servers.
We can label team communication software based on their application in the fields of communication, experience sharing, discovery of old and new contacts, relationship management and others. Mostly used in banking and financial services, communication and media, manufacturing, government, health services, wholesale, retail and many others. We can classify them as enterprise office, government sector, education and others.
The software services also comes in different packages such as basic ($2 User per month), Standard ($3 User per month), and Senior ($4 User per month).
Global Team Communication Software Market: Regional Analysis
The regional analysis in accordance to market landscape reveals that Asia-Pacific will occupy the lion’s share headed by China, India and South-east regions that are making technological advances in this field. North America mainly US will play a pivotal role and any change or development trend introduced by US will have domino effect globally. The other contributing countries are as below.
North America represented by United States, Canada and Mexico
Europe represented by Germany, France, UK, Russia and Italy
Asia-Pacific represented by China, Japan, Korea, India and Southeast Asia
South America represented by Brazil, Argentina, Colombia
Middle East and Africa represented by Saudi Arabia, UAE, Egypt, Nigeria and South Africa
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