India markets open in 1 hour 36 minutes
  • BSE SENSEX

    52,443.71
    -135.05 (-0.26%)
     
  • Nifty 50

    15,709.40
    -37.05 (-0.24%)
     
  • Dow

    34,930.93
    -127.59 (-0.36%)
     
  • Nasdaq

    14,762.58
    +102.01 (+0.70%)
     
  • BTC-INR

    2,963,224.00
    +4,947.00 (+0.17%)
     
  • CMC Crypto 200

    932.07
    +2.15 (+0.23%)
     
  • Hang Seng

    25,883.51
    +409.63 (+1.61%)
     
  • Nikkei

    27,722.83
    +141.17 (+0.51%)
     
  • EUR/INR

    88.1881
    -0.0706 (-0.08%)
     
  • GBP/INR

    103.5234
    -0.0667 (-0.06%)
     
  • AED/INR

    20.2060
    -0.0330 (-0.16%)
     
  • INR/JPY

    1.4717
    -0.0008 (-0.05%)
     
  • SGD/INR

    54.8490
    -0.0920 (-0.17%)
     

The global team collaboration software market is anticipated to record a CAGR of 10.89% over the forecast period, 2021-2028

·2-min read

The significant factors propelling the market growth are the growing adoption of cloud-based SaaS, and the increasing demand for conferencing and communication solutions. MARKET INSIGHTS

New York, June 15, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL TEAM COLLABORATION SOFTWARE MARKET FORECAST 2021-2028" - https://www.reportlinker.com/p05891307/?utm_source=GNW
Team collaboration software promotes communication between team members by providing a convenient, less formal space for conversation between employees.It is often implemented next to project management or task management software.

Team collaboration solutions can also be categorized as project management or task management tools, depending on their features. These tools have the added advantage of low implementation costs.
The conferencing services market is rapidly transitioning, including audio, web, and video conferencing.The presence of digitization and visual data sharing has contributed to the growing demand for communication and offering solutions.

One of the factors restraining market growth is the high capital cost.Costs sustained while laying down the network infrastructures are high, which dissuades some small businesses from adopting team collaboration software solutions.

Growing levels of product sales, high product differentiation, and rising levels of competition are the characteristics of market competition.

REGIONAL INSIGHTS
The global team collaboration software market growth analysis includes the assessment of North America, Europe, Asia-Pacific, and Rest of World. As of 2020, North America captured the largest market share owing to the growing adoption of cloud-based technology and services by businesses, as the technology provides affordable communication.

COMPETITIVE INSIGHTS
Several software companies are viewing team collaboration software as a profitable opportunity to consolidate their businesses.The market has both global and regional players vying for fair market space.

These include Adobe Systems Incorporated, IBM Corporation, AT&T, Inc, Microsoft Corporation, Oracle Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ADOBE SYSTEMS INCORPORATED
2. ASANA
3. AVAYA INC
4. AT&T INC
5. BLACKBOARD INC
6. CISCO SYSTEMS INC
7. CITRIX SYSTEMS INC
8. IBM CORPORATION
9. MICROSOFT CORPORATION
10. OPENTEXT CORPORATION
11. ORACLE CORPORATION
12. SLACK TECHNOLOGIES INC
Read the full report: https://www.reportlinker.com/p05891307/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting