Press Release

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.  

Browse 98 market data Tables and 93 Figures spread through 245 Pages and an in-depth TOC on "Global Collaboration Software Market"

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.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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