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Collaboration Tools Market Segmentation By Deployment Type (On-premise, Off-premise and Hybrid); By Solution (Management processes, Email, Web services and Application Sharing); By End-User Industry (Transportation and Logistics, Manufacturing, Government and Defence, BSFI, IT and Telecommunications, E-commerce and Others) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Collaboration Tools Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

Collaboration tools are primarily used by two or more individuals in order to achieve common objectives. The process involves sharing and processing of the important files, data and documents. These tools are used by the employees, customers, business partners and consultants. The collaboration tools enhance the business efficiency and increases the transparency and optimizes the available resources. It helps the workers to work at the same time on the same page. Thus, improves the time related to accomplishment of the projects. The conferencing and communication technology of the collaboration tools enhances the coordination and improves the productivity associated with the project.

Market Size and Forecast

The global collaboration tools market is expected to grow at a substantial CAGR during 2018-2027. It is expected to reach significant market size by 2027. The increasing demand for the better solutions coupled with expansion in the information technology across the globe is anticipated to be the major reason for the growth of the global collaboration tools market during the forecast period. The global collaboration tools market can be segmented on the basis of deployment type, solution, end-user industry and region. On the basis of deployment type it is sub-segmented into on-premise, off-premise and hybrid. On the basis of solution, it is sub-segmented into management processes, email, web services and application sharing. Email is anticipated to be the leading solution segment. Email is largely used by various business organizations for the transfer and exchange of the important data and files electronically. On the basis of end-user industry, it is sub-segmented into transportation and logistics, manufacturing, government and defence, BSFI, IT and telecommunications, e-commerce and others. IT and telecommunications sub-segment is anticipated to be the largest sub-segment for the end-user industry on the account of high application of collaboration tools in IT industry.

By region, global collaboration tools market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global collaboration tools market during the forecast period. This is attributed to the fact of high adoption of collaboration tools in the region. Additionally, the availability of large developed framework of the IoT in the region is the primary reason for the region to lead the global collaboration tools market. Asia-Pacific is anticipated to be the fastest developing region for the global collaboration tools market. The increasing penetration of the internet in the various developing countries of region is creating opportunities for various key players which in turn are anticipated to boost the growth of the global collaboration tools market during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global collaboration tools market in the following segments:

By Deployment Type:

  • On-premise
  • Off-premise
  • Hybrid

By Solution:

  • Management processes
  • Email
  • Web services
  • Application Sharing

By End-User Industry:

  • Transportation and Logistics
  • Manufacturing
  • Government and Defence
  • BSFI
  • IT and Telecommunications
  • E-commerce
  • Others

By Region

Global collaboration tools market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

collaboration tools market

Growth Drivers and Challenges

The increasing social networking and cloud computing is anticipated to be the major growth driver for the global collaboration tools market. The increasing demand for the better and effective business solution is the anticipated to fuel the demand for the collaboration tools. The developing technologies such as artificial technology and big data are anticipated to increase the use of the collaboration tools. Additionally, the increasing security among the various private and government organization is also a reason for the increasing use of the collaboration tools. The increasing adoption of the cloud technologies by small and medium enterprises is also a growth driver for the global collaboration tools market.

However, poor user interface and data theft are anticipated to be the major factors hindering the global collaboration tools market during the forecast period.

Key Players

  • IBM Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
  • Google, Inc.
  • Microsoft Corporation
  • Cisco Systems, Inc.
  • Hewlett-Packard Development Company
  • Citrix Systems, Inc.
  • Oracle
  • Intralinks, Inc.
  • Atlassian,Box Inc.
  • Igloo Software
  • Dropbox, Inc.,
  • Slack Technologies, Inc
  • VMware, Inc
  • Jive Software
  • Polycom, Inc.

 


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