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Collaboration Software Market is Expected to Generate Huge Profits during 2020 – 2026

Author : Ronak Bora | Published Date : 2020-09-02 

North America held a significant share of the global collaboration software market is expected to grow steadily from 2020 to 2026. The growth is attributed to the extensive presence of enterprises including IBM Corporation, Google LLC, and Slack Technologies. The well-established companies in the region are adopting collaboration software for large project management. For instance, in June 2019, Microsoft Corporation announced the availability of partner-to-partner collaboration tool in its partner network. This helps in integrating partner technology and delivering cloud-based solutions.

Collaboration Software market size is expected to exceed USD 30 billion by 2026. The growing demand for integrated processing, managing, and sharing files or resources at real-time is driving enterprises to adopt collaboration software solutions.

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Collaboration software market is bifurcated in terms of component, deployment model, organization size, application, and regional landscape. Based on component, the collaboration software market is classified into solution and service. The service component segment is further classified into managed services and professional services. Among these, the managed services segment is likely to record a CAGR of over 20% over the forecast timeframe due to the growing dependency on third party service providers.

With respect to application, the collaboration software market is bifurcated into government, healthcare, IT and telecommunications, education, BFSI, retail and consumer goods, and others. Among these, the BFSI segment held a market share of over 15% in 2019 due to growing adoption cloud technology across the BFSI sector.

From a regional frame of reference, the Middle East & Africa collaboration software market will register a CAGR of over 10% over the projected timeframe due to rising demand for improving enterprise communication.

The collaboration software market is likely to register modest growth over the forthcoming time period owing to the technological advancements and growing demand for enhancing enterprise communication. Collaboration software, also referred as groupware or collaborative software, allows for sharing, management, and processing of documents, files, as well as other types of data amongst numerous users and systems anywhere, at any time.

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Companies operating in the industry are focusing on collaborative developments of innovative software solutions. For instance, in June 2019, Microsoft Corporation and Oracle Corporation partnered for the integration of their Azure and Oracle Cloud. The companies jointly developed a cloud-based interoperability solution for enterprises. This helped both the companies to offer advanced collaboration services to their customers.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definitions

1.1.6. Methodology & forecast parameters

1.2.  Data Sources

1.2.1. Secondary

1.2.1.1.    Paid sources

1.2.1.2.    Public sources

1.2.2. Primary

Chapter 2.   Executive Summary

2.1.  Collaboration software industry 360º synopsis, 2015 - 2026

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.3.1.   Solutions trends

2.1.3.2.    Service trends

2.1.4. Deployment model

2.1.5. Organization size trends

2.1.6. Application trends 

Chapter 3.   Collaboration Software Market Insights

3.1.  Introduction

3.2.  Industry segmentation

3.3.  Industry landscape, 2015 – 2026

3.4.  Impact of COVID-19 outbreak

3.4.1. Impact by region

3.4.1.1.    North America

3.4.1.2.    Europe

3.4.1.3.    Asia Pacific

3.4.1.4.    Latin America

3.4.1.5.    Middle East & Africa

3.5.  Technological evolution

3.6.  Industry ecosystem analysis

3.7.  Technology & innovation landscape

3.7.1. Bring Your Own Device (BOYD)

3.7.2. Artificial Intelligence

3.7.3. WebRTC

3.8.  Regulatory landscape

3.8.1. . Markets in Financial Instruments Directive (MiFID)

3.8.2. The Privacy and Electronic Communications (EC Directive) Regulations 2003

3.8.3. . The Dodd-Frank Act

3.8.4. Health Insurance Portability and Accountability Act (HIPAA)

3.8.5. Protection of Personal Information Act (2013)

3.8.6. . Electronic Communications and Transactions Act 25 of 2002

3.8.7. Nigeria Communications Act (2003)

3.9.  Industry impact forces

3.9.1. Growth drivers

3.9.1.1.    Growing popularity of work from home trend

3.9.1.2.    Rising demand of unified communications

3.9.1.3.    Surging need for streamlining business communication process flows

3.9.1.4.    Growing demand to reduce administration and maintenance cost

3.9.1.5.    Rising adoption of wireless devices

3.9.2. Industry pitfalls & challenges

3.9.2.1.    Concern related to data security

3.9.2.2.    Interoperability issues with existing assets

3.10.    Porter’s analysis

3.11.    PESTEL analysis

3.12.    Growth potential analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/collaboration-software-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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