Visual Collaboration Platform Software Market Size & Share, by Type (Cloud-based, Web-based); Application (Large enterprises, SMEs) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3150
  • Published Date: Sep 08, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Visual Collaboration Platform Software Market size is set to surpass USD 100 Billion by 2035. growing at a CAGR of 23.14% during the forecast period, i.e., 2023 -2035. In the year 2022, the industry size of the visual collaboration platform software was USD 8.3 billion. The main driver in this market is the growing culture of remote working. The global number of workers working remotely has increased at an exponential rate since the COVID-19 outbreak accounting for 16% of global companies, increasing usage of visual communication and collaboration tools without compromising productivity.

The key to solving enduring issues is visual collaboration. Regardless of location, experience level, or personality, teams may discuss, cooperate, and solve problems both in real-time and asynchronously thanks to the flexibility and cloud-based settings offered by the digital solutions associated with visual collaboration. Applications for visual collaboration will dominate 30% of meeting encounters by 2024. This has provided a major boost to the market.

Visual Collaboration Platform Software Market
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Visual Collaboration Platform Software Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing use of AI and ML - Visual communication tools are being enhanced by the integration of cutting-edge technology like Artificial Intelligence as a service and ML. The behaviors of employees and the shared information may be tracked by AI-based visual collaboration, which is utilized to give staff predicted business insights and speed up work. Studies have shown that, periodically, 90% of the world's top businesses are investing in artificial intelligence. Businesses may benefit from video Analytics to gain more knowledge about a range of business applications, like customer behavior, staff retention, and office usage, having a positive effect on the market.
  •  Rapid Digitization: Increased adoption of technical innovations and integration Internet of Things by residential and industrial applications in their existing infrastructure had a major impact on the market. In recent years, digital transformation has also been taking place within several endues sectors accumulating to a value of USD 3.4 trillion by 2026, and is expected to have a positive impact on the growth of the visual collaboration platform software market.
  • Increased Network Connectivity- The market is projected to increase significantly over the coming decade, thanks to the increasing adoption of 4.0 and 5.0 technologies. For example, Industry 4.0 is expected to free up between 15 and 25 % of the cost of quality and also reduce the number of machine failures by 25-50%. The global market is also projected to be driven by a surge of business model transformation, supported by an increased uptake of high-speed broadband services like 5G. Moreover, it is also estimated that the market growth over the coming years will be facilitated by an increase in shipments of 5 G-enabled smartphones which are expected to reach a share exceeding 70 % at the end of 2023.


  • Issues related to network connectivity and infrastructure: Even though outdated telecommunications technologies are unable to offer a low delay and high bandwidth connection, emerging and developing countries in the world continue to rely on them. Consequently, organizations in these countries are increasingly relying on audio collaboration to cope with the inconveniences of not having a sufficient visual or intermittent connection. The growth of the market revenue is being held back by this. In the event of Internet difficulties, collaboration could be difficult. misunderstandings and time and effort waste could occur because of poor video quality or interruptions caused by an error in connection.
  • To protect the valuable collaboration channels from cyber-attacks.
  • High initial investment cost

Visual Collaboration Platform Software Market: Key Insights

     Base Year


     Forecast Year



~ 23.14%

     Base Year Market Size (2022)

~ USD 8.3 Billion

     Forecast Year Market Size (2035)

~ USD 100 Billion

     Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Visual Collaboration Platform Software Segmentation

Type (Cloud-based, Web-based)

The cloud-based segment in the visual collaboration platform software market is anticipated to hold the highest share during the forecast period and is estimated to gain USD 1.1 billion by 2028. The cloud-based tool is capable of accessing software applications that use shared computing resources. Cloud-based software such as disk storage, memory, and processing power are also part of the feature set. This segment was popularised during coved, in consequence of lockdowns and large firms and institutions opting to switch to work from home.

Application (Large enterprises, Small enterprises, Medium enterprises)

Visual collaboration platform software market from the large enterprises segment is expected to hold a market revenue of USD 9.5 Billion by the end of 2035, accounting for 65 % of the market. This is about the integration of visual collaborative platform software, to maintain workflow. Large companies, with multiple stakeholders and complex procedures, also manage complicated projects. Platforms for visual collaboration software facilitate these processes by providing tools to manage tasks, share documents, and communicate in real-time. This platform increases overall output, reduces duplication of effort, and improves efficiency.

Our in-depth analysis of the global market includes the following segments:


  • Cloud-based
  • Web-based


  • Large enterprises
  • Small enterprises
  • Medium enterprises

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Visual Collaboration Platform Software Industry - Regional Synopsis

North American Market Forecast

North America is anticipated to hold 38% share of the global visual collaboration platform software market. In 2022, North America’s market revenue accounted for USD 6.3 Billion. growth in this region is primarily attributed to technical advancements and sustainable economic growth. Institutions and firms in the region are exhibiting productive growth patterns, in the adoption of visual collaboration and communications tools for their team communications, to efficiently carry out the projects. Increasing business expenditures for IT solutions is also a major booster. additionally, better network connectivity in the region makes a major impact on the market. The pandemic promoted the adoption of such software.

European Market Statistics

The European market is expected to expand by a significant CAGR by 2028. Growth in the region is exhibited as a result of high mobile usage and technical developments adopted by the industries. Furthermore, the emergence of several virtual companies helps to boost the business in the region.

Research Nester
Visual Collaboration Platform Software Market Size
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Companies Dominating the Visual Collaboration Platform Software Landscape

    • Mural.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Stormboard
    • Conceptboard 
    • Deskle
    • DEON GmbH & Co. KG
    • Ziteboard 
    • beya
    • Lucid Software Inc.
    • Prysm Systems, Inc.


In The News

  • Mural upgraded its interface to give more security and clarity. Customers of the Enterprise Plan will benefit from new features that provide more visibility, security, and control.
  • Lucid Software, the leader in visual collaboration software, announced that it will be rolling out 15 new integration options with major software providers across its Visual Collaboration Suite. These partnerships are available on the newly opened Lucid marketplace.


Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 3150
  • Published Date: Sep 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing use of AI and ML, rapid digitalization, and better network connectivity are anticipated to drive the market during the forecast period.

The market size of Visual Collaboration Platform Software is anticipated to attain a CAGR of 23.14% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Mural, Miro, Stormboard, Conceptboard, Deskle, DEON GmbH & Co. KG, Ziteboard, iObeya, Lucid Software Inc., Prysm Systems, Inc. and others.

The large enterprises segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Visual Collaboration Platform Software Market Report Scope

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