Collaboration Software Market to Witness Double Digit Growth until 2022
Growing adoption of DevOps collaboration and SMAC
(Social, Mobile, Analytics, Cloud) ecosystem, increasing bring your own device
(BYOD) work culture and rising popularity of Software-as-a-Service to fuel
global collaboration software market through 2022
According to TechSci Research
report, “Global Collaboration Software Market By Application,
By Deployment, By End User, By Region, Competition Forecast &
Opportunities, 2012 – 2022’’,
global collaboration software market is projected to exhibit a CAGR of 10.3%,
in value terms, during 2017-2022. Rising adoption of collaboration software in
IT sector to facilitate collaboration between development, quality assurance
and operation teams coupled with increasing demand for collaboration from
knowledge workers for exchanging information and scheduling tasks are expected
to drive demand for collaboration software on a global level in the coming
years. Moreover, growing number of companies focusing towards improving their
productivity by efficiently synchronizing tasks and scheduling operations is anticipated
to positively influence global collaboration software market during forecast
period.
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Surge in the popularity of mobile collaboration software combined with
rising number of smartphone devices and mobile cellular subscriptions, globally,
is driving adoption of collaboration software, globally. In addition,
collaboration software providers are investing in the development of mobile
collaboration software, as organizations across the globe are rapidly adopting
BYOD and SMAC ecosystems.

Rising acceptance of VoIP (Voice over Internet Protocol), increasing partnerships
between technology providers and Original Equipment Manufacturers (OEMs) for the
development of technologically advanced products, including autonomous
vehicles, industrial Artificial Intelligence (AI), etc., and growing demand for
establishing enterprise communication channels are driving adoption of collaboration
software in major end use industries such as IT & telecom, BFSI, retail,
etc. In 2016, North America accounted for the largest
revenue share of global collaboration software market, as a result of high
smartphone penetration and presence of leading collaboration software providers
including Microsoft, Cisco, etc., in the region.
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“With growing focus towards creating a collaborative and productive
corporate environment, companies are actively integrating collaboration
software into their IT infrastructure. In addition, rising business expansion
by companies into new geographical locations is amplifying the popularity of
collaboration software on a global level, as it creates an efficient enterprise
communication and collaboration channel.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
Collaboration Software Market By Application, By Deployment, By End User, By
Region, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future
growth potential of global collaboration software market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in global collaboration software market.
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