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Team Collaboration Software Market Size, Share & Trends Analysis Report By Deployment, By Software Type, By Application (Retail, Healthcare, BFSI, IT & Telecom), By Region, And Segment Forecasts, 2022 - 2030

May 2022 | 175 pages | ID: T34C9EB2986EN
Grand View Research, Inc.

US$ 4,950.00

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Team Collaboration Software Market Growth & Trends

The global team collaboration software market size is anticipated to reach USD 56.67 billion by 2030, exhibiting a CAGR of 9.5% during the forecast period, according to a new report published by Grand View Research, Inc. The promising growth prospects of the market can be credited to the increasing adoption of communication and conferencing solutions across businesses to collaborate, brainstorm, and share content.

Amid the COVID-19 pandemic, numerous companies have transitioned to the remote working culture and rely chiefly on video conferencing solutions for team collaboration. The demand for these solutions is expected to increase further in the near future, as several organizations are willing to consider a hybrid working model even after the pandemic.

The heightened demand for collaborative solutions has encouraged industry players to provide affordable and technologically advanced video conferencing solutions. This has facilitated the large-scale deployment of these solutions across several organizations. For instance, in March 2021, Avaya Inc. introduced new features to its Workstream collaboration platform Spaces to cater to the rising demand for a hybrid remote working model. The new artificial intelligence-based collaborative meetings platform offers simple, integrated video and voice calling and can transform the existing on-premise calling technology.

The advent of virtual collaboration solutions based on Augmented Reality (AR) and Virtual Reality (VR) is expected to boost the market growth during the forecast period. Several market players have started offering these solutions owing to their increased popularity. For instance, in October 2021, WebexOne by Cisco Systems, Inc. released the preview of its next-generation hybrid work collaboration product Webex Hologram. This new tool is the industry’s first real-time meeting solution that leverages AR headsets to integrate Webex meeting functionality with immersive 3D holograms.

The growing proclivity of businesses across several industries toward automating tasks and enhancing workplace collaboration has encouraged the deployment of AI bots and Smart Virtual Personal Assistants (SVPA). These bots perform various tasks such as scheduling meetings and taking notes. Besides, chatbots are emerging as a standard capability for desk-less and frontline workers to use digital services through smart devices.

Team Collaboration Software Market Report Highlights
  • In terms of deployment, the cloud segment is estimated to record a substantial growth rate through 2030. This can be attributed to the increased adoption of cloud-based team collaboration solutions, which helps save infrastructure costs
  • In terms of type, the conferencing software segment is anticipated to grow significantly during the forecast period owing to the mounting adoption of conferencing solutions such as Jabber, Cisco WebEx Meetings, and Adobe Connect
  • In terms of application, the retail application segment is expected to record the highest revenue share in the market by 2030. This can be credited to the increasing need of retail companies to improve employee engagement and facilitate real-time information sharing
  • Integration of software and hardware and ongoing efforts to strengthen network capabilities are some of the key strategies adopted by major market players to increase their market share

CHAPTER 1. METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
  1.3.1 Secondary Sources
  1.3.2 Primary Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1 Market Outlook

CHAPTER 3. INDUSTRY OUTLOOK

3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Value Chain Analysis
3.4 Market Dynamics
  3.4.1 Market Driver Analysis
    3.4.1.1 Growing Adoption of Cloud-Based SaaS
    3.4.1.2 Increasing Demand for Communication & Conferencing Solutions in Enterprises
  3.4.2 Market Restraint Analysis
    3.4.2.1 High Initial Capital Cost
    3.4.2.2 Growing Security Concerns
3.5 Penetration & Growth Prospects Mapping
3.6 Key Company Analysis
3.7 Business Environment Analysis Tools
  3.7.1 PEST Analysis
  3.7.2 Porter’s Five Forces Analysis
3.8 COVID-19 Impact on the Market
3.9 COVID-19 Regional Analysis
3.10 Impact of COVID-19 on Market Players - New Strategies Undertaken

CHAPTER 4. TEAM COLLABORATION SOFTWARE MARKET DEPLOYMENT OUTLOOK

4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
4.2 Deployment Movement Analysis & Market Share, 2021 & 2030
4.3 Cloud-based Team Collaboration Software
4.4 On-premise Team Collaboration Software

CHAPTER 5. TEAM COLLABORATION SOFTWARE MARKET TYPE OUTLOOK

5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
5.2 Software Type Movement Analysis & Market Share, 2021 & 2030
5.3 Conferencing Software
5.4 Communication & Coordination Software

CHAPTER 6. TEAM COLLABORATION SOFTWARE MARKET APPLICATION OUTLOOK

6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
6.2 Application Movement Analysis & Market Share, 2021 & 2030
6.3 Manufacturing
6.4 BFSI
6.5 IT & Telecom
6.6 Retail
6.7 Healthcare
6.8 Logistics & Transportation
6.9 Education

CHAPTER 7. TEAM COLLABORATION SOFTWARE MARKET REGIONAL OUTLOOK

7.1 Team Collaboration Software Market, by Region, 2021 & 2030
7.2 Regional Movement Analysis & Market Share, 2021 & 2030
7.3 North America
  7.3.1 U.S.
  7.3.2 Canada
7.4 Europe
  7.4.1 Germany
  7.4.2 U.K.
7.5 Asia Pacific
  7.5.1 China
  7.5.2 India
  7.5.3 Japan
7.6 Latin America
  7.6.1 Brazil
  7.6.2 Mexico
7.7 MEA

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1 Adobe
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product Benchmarking
  8.1.4 Recent Developments
8.2 Asana, Inc
  8.2.1 Company Overview
  8.2.2 Financial Performance
  8.2.3 Product Benchmarking
  8.2.4 Recent Developments
8.3 Avaya Inc.
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Benchmarking
  8.3.4 Recent Developments
8.4 AT&T, Inc.
  8.4.1 Company Overview
  8.4.2 Financial Performance
  8.4.3 Product Benchmarking
  8.4.4 Recent Developments
8.5 Blackboard Inc.
  8.5.1 Company Overview
  8.5.2 Product Benchmarking
8.6 Cisco Systems, Inc
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Benchmarking
  8.6.4 Recent Developments
8.7 Citrix Systems, Inc.
  8.7.1 Company Overview
  8.7.2 Financial Performance
  8.7.3 Product Benchmarking
  8.7.4 Recent Developments
8.8 Google
  8.8.1 Company Overview
  8.8.2 Financial Performance
  8.8.3 Product Benchmarking
  8.8.4 Recent Developments
8.9 IBM Corporation
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Benchmarking
  8.9.4 Recent Developments
8.10 Microsoft
  8.10.1 Company Overview
  8.10.2 Financial Performance
  8.10.3 Product Benchmarking
  8.10.4 Recent Developments
8.11 OpenText Corporation
  8.11.1 Company Overview
  8.11.2 Financial Performance
  8.11.3 Product Benchmarking
  8.11.4 Recent Developments
8.12 Oracle
  8.12.1 Company Overview
  8.12.2 Financial Performance
  8.12.3 Product Benchmarking
  8.12.4 Recent Developments
8.13 Slack Technologies, LLC
  8.13.1 Company Overview
  8.13.2 Financial Performance
  8.13.3 Product Benchmarking
  8.13.4 Recent Developments
8.14 Zoom Video Communications, Inc
  8.14.1 Company Overview
  8.14.2 Financial Performance
  8.14.3 Product Benchmarking
  8.14.4 Recent Developments

LIST OF TABLES

Table 1 Global Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Table 2 Global Team Collaboration Software Market by Region, 2018 - 2030 (USD Billion)
Table 3 Global Team Collaboration Software Market Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
Table 4 Global Team Collaboration Software Market Estimates and Forecasts by Software Type, 2018 - 2030 (USD Billion)
Table 5 Global Team Collaboration Software Market Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
Table 6 Key Market Driver Impact
Table 7 Key Market Restraint Impact
Table 8 Cloud-based Team Collaboration Software Market, by Region, 2018 - 2030 (USD Billion)
Table 9 On-Premise Team Collaboration Software Market, by Region, 2018 - 2030 (USD Billion)
Table 10 Conferencing Software Market, by Region, 2018 - 2030 (USD Billion)
Table 11 Communication & Coordination Software Type Market, by Region, 2018 - 2030 (USD Billion)
Table 12 Team Collaboration Software Market in Manufacturing Sector, by Region 2018 - 2030 (USD Billion)
Table 13 Team Collaboration Software Market in BFSI Sector, by Region, 2018 - 2030 (USD Billion)
Table 14 Team Collaboration Software Market in IT & Telecom Sector, by Region, 2018 - 2030 (USD Billion)
Table 15 Team Collaboration Software Market in Retail Sector, by Region, 2018 - 2030 (USD Billion)
Table 16 Team Collaboration Software Market in Healthcare Sector, by Region, 2018 - 2030 (USD Billion)
Table 17 Team Collaboration Software Market in Logistics & Transportation Sector, by Region, 2018 - 2030 (USD Billion)
Table 18 Team Collaboration Software Market in Education Sector, by Region, 2018 - 2030 (USD Billion)
Table 19 North America Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 20 North America Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 21 North America Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 22 U.S. Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 23 U.S. Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 24 U.S. Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 25 Canada Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 26 Canada Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 27 Canada Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 28 Europe Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 29 Europe Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 30 Europe Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 31 Germany Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 32 Germany Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 33 Germany Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 34 U.K. Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 35 U.K. Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 36 U.K. Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 37 Asia Pacific Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 38 Asia Pacific Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 39 Asia Pacific Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 40 China Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 41 China Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 42 China Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 43 India Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 44 India Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 45 India Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 46 Japan Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 47 Japan Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 48 Japan Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 49 Latin America Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 50 Latin America Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 51 Latin America Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 52 Brazil Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 53 Brazil Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 54 Brazil Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 55 Mexico Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 56 Mexico Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 57 Mexico Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)
Table 58 MEA Team Collaboration Software Market, by Deployment, 2018 - 2030 (USD Billion)
Table 59 MEA Team Collaboration Software Market, by Software Type, 2018 - 2030 (USD Billion)
Table 60 MEA Team Collaboration Software Market, by Application, 2018 - 2030 (USD Billion)

LIST OF FIGURES

Fig. 1 Team Collaboration Software Market Snapshot
Fig. 2 Team Collaboration Software Market Segmentation
Fig. 3 Team Collaboration Market Size and Growth Prospects (USD Billion)
Fig. 4 Team Collaboration Software - Value Chain Analysis
Fig. 5 Team Collaboration Software Market Dynamics
Fig. 6 Team Collaboration Software Market: Penetration & Growth Prospects Mapping
Fig. 7 Team Collaboration Software - Key Company Analysis, 2021
Fig. 8 Microsoft Corporation as a Leader
Fig. 9 PEST Analysis
Fig. 10 Porter’s Five Forces Analysis
Fig. 11 Microsoft Teams Users Globally (in Millions)
Fig. 12 Team Collaboration Software Trends in a Post-COVID World
Fig. 13 Team Collaboration Software Market, by Deployment, Key Takeaways
Fig. 14 Team Collaboration Deployment Movement Analysis & Market Share, 2021 & 2030, Revenue (USD Billion)
Fig. 15 Global Cloud-Based Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Fig. 16 Global On-Premise Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Fig. 17 Team Collaboration Software Market, by Software Type, Key Takeaways
Fig. 18 Team Collaboration Software Type Movement Analysis & Market Share, 2021 & 2030, Revenue (USD Billion)
Fig. 19 Global Conferencing Software Market, 2018 - 2030 (USD Billion)
Fig. 20 Global Communication & Coordination Software Market, 2018 - 2030 (USD Billion)
Fig. 21 Team Collaboration Software Market, by Application, Key Takeaways
Fig. 22 Team Collaboration Software Application Movement Analysis & Market Share, 2021 & 2030, Revenue (USD Billion)
Fig. 23 Global Team Collaboration Software Market in Manufacturing Sector, 2018 - 2030 (USD Billion)
Fig. 24 Global Team Collaboration Software Market in BFSI Sector, 2018 - 2030 (USD Billion)
Fig. 25 Global Team Collaboration Software Market in IT & Telecom Sector, 2018 - 2030 (USD Billion)
Fig. 26 Global Team Collaboration Software Market in Retail Sector, 2018 - 2030 (USD Billion)
Fig. 27 Global Team Collaboration Software Market in Healthcare Sector, 2018 - 2030 (USD Billion)
Fig. 28 Global Team Collaboration Software Market in Logistics & Transportation Sector, 2018 - 2030 (USD Billion)
Fig. 29 Global Team Collaboration Software Market in Education Sector, 2018 - 2030 (USD Billion)
Fig. 30 Team Collaboration Software Market, by Region, 2021 & 2030
Fig. 31 Team Collaboration Software Regional Movement Analysis & Market Share, 2021 & 2030, Revenue (USD Billion)
Fig. 32 North America Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Fig. 33 Europe Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Fig. 34 Asia Pacific Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Fig. 35 Latin America Team Collaboration Software Market, 2018 - 2030 (USD Billion)
Fig. 36 MEA Team Collaboration Software Market, 2018 - 2030 (USD Billion)


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