Team Collaboration Software Industry Framework To 2022 - 2030

The global team collaboration software market size was valued at USD 21.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2030. The promising growth prospects of the market can be credited to the evolution of the modern workplace and the rising need to incorporate effective means of team collaboration across organizations. COVID-19 lockdowns and restrictions compelled businesses across the globe to implement the remote working model in 2020, which increased the demand for team collaboration software for virtual communication.

Gather more insights about the market drivers, restrains and growth of the Global Team Collaboration Software market

The demand for collaboration solutions and smart meeting rooms in offices is expected to remain strong post the pandemic, as organizations continue to adopt hybrid working models. Leading market players are introducing new solutions to encourage active collaboration and employee engagement. For instance, in January 2022, Zoom Video Communications, Inc. introduced a virtual show-floor Expo for Zoom Events that gives organizations more ways of engaging with participants. The 2D virtual space allows users to move around an avatar and communicate with sponsors, exhibitors, or other users.

The market further benefits from the integration of technologies such as Artificial Intelligence (AI) with team collaboration software solutions, which, in turn, facilitates automation and improves communication within an organization. AI can potentially increase the accuracy of voice and chat assistants and help real-time translation of messages. It can also add advanced collaboration capabilities to emerging conversational workplace platforms, including Cisco Spark, Slack, Microsoft Teams, Workplace by Facebook, Inc, and IBM Watson.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Development To Operations Market - The global development to operations market size was valued at USD 7,481.1 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.7% from 2022 to 2030. Increasing adoption of cloud technologies, fast application delivery, advancements in artificial intelligence, and software automation are the factors expected to drive the growth of the DevOps market.

Smart Airports Market - The global smart airports market size was estimated at USD 10.09 billion in 2016. The growth can be attributed to the rising adoption of digital technologies across the world, which has led to digital transformation and expansion of personalized experiences offered to passengers. the growing demand for biometric devices at airports is creating new opportunities for market growth over the forecast period.

Team Collaboration Software Market Segmentation

Grand View Research has segmented the global team collaboration software market based on deployment, software type, application, and region:

Team Collaboration Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

Cloud

On-premise

Team Collaboration Software Type Outlook (Revenue, USD Billion, 2018 - 2030)

Conferencing Software

Communication & Coordination Software

Team Collaboration Software Application Outlook (Revenue, USD Billion, 2018 - 2030)

Manufacturing

BFSI

IT & Telecom

Retail

Healthcare

Logistics & Transportation

Education

Team Collaboration Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Market Share Insights

December 2021 - Microsoft released Teams Essentials in India. This solution has been designed to offer an affordable and professional collaborative solution, especially for small businesses.

February 2022 - Work management platform provider Asana released Asana Flow, a complete range of solutions that businesses can use to build, run, and enhance their workflows. The increasing number of such new offerings is expected to favor the growth of the market during the forecast period.

Key Companies profiled:

Some prominent players in the global Team Collaboration Software market include

  • Adobe
  • Asana, Inc.
  • Avaya Inc.
  • AT&T, Inc.
  • Blackboard, Inc.
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • Google LLC
  • IBM Corporation
  • Microsoft
  • OpenText Corporation
  • Oracle
  • Slack Technologies, LLC
  • Zoom Video Communications, Inc.

Order a free sample PDF of the Team Collaboration Software Market Intelligence Study, published by Grand View Research.

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