Collaboration tools are designed to facilitate and handle group work involved in a certain task to achieve desired goal. It enables sharing, processing and management of files, documents and other data types among co-workers internally and externally which include business partners, employees, consultants and customers. This results into effective team collaboration in an enterprise or across enterprises depending on the workflow processes. Collaboration tools are integrated on a platform making it a category of business software. It includes an interface where each user creates a workspace and adds data to it and any changes made to it are synced across, which is accessible by all other users regardless of their location.
Collaboration tools integrate three crucial elements which are people, process and technology. These tools help in achieving productivity, innovation and efficiency. Main features of collaboration tools include communication, conferencing, and coordination.
Collaboration Tools Market: Drivers and Restraints
Rise of social networking, digital transformation, and cloud and mobile computing are the most important and key drivers of collaboration tools market. User access controls and effective knowledge pooling resulting in employee engagement and better productivity are also some factors resulting in growth of collaboration tools market. Better connectivity among stakeholders due to collaborative solutions is also an important driver for this market.
Data security concerns, uncertainty while implementing the tool for appropriate collaboration of work and employees and slow adoption rate are some challenges faced by collaboration tools market.
Collaboration Tools Market: Segmentation
The collaboration tools marketcan be segmented on the basis of deployment type, solution, end-user enterprise size, end-user industry vertical and region wise. On the basis of deployment it is further segmented as on-premise and off-premise and hybrid. On the basis of solution it is further segmented into email, application sharing, web services, management processes and others.
End-user enterprise size category, includes SME’s and large enterprises. On the basis of industry verticals it is further segmented as BSFI, IT and Telecommunications, Transportation and Logistics, Manufacturing, Government and Defence, E-commerce, Healthcare, Energy and Utilities, Retail, Media and Entertainment and Others. Region wise collaboration tools marketis further segmented into key regions such as North America, Latin America, Asia-Pacific, Europe and Middle East and Africa.
Collaboration Tools Market: Regional Overview
North America is the biggest market for collaboration tools market and expected to dominate in future owing to rise in adoption of cloud technology, particularly in USA and Canada. Latin America along with Europe is also showing potential growth in collaboration tools market owing to technological innovation and gain competitive advantage. Collaboration tools market in Asia-Pacific and Middle East region is also growing at a considerable rate as organisations are focusing on better customer experience.
Collaboration Tools Market: Key Players
Microsoft Corporation, Cisco Systems, Inc., Citrix Systems, Inc.,Oracle, IBM Corporation, Atlassian,Box Inc., Google, Inc., Intralinks, Inc., Dropbox, Inc., Slack Technologies, Inc, Igloo Software, Jive Software, VMware, Inc, Polycom, Inc.,Hewlett-Packard Development Company,andSurveyMonkey are some of the key players in collaboration tools market.
The report covers exhaustive analysis on:
Collaboration Tools MarketSegments
Collaboration Tools MarketDynamics
Historical Actual Market Size, 2014 - 2016
Collaboration Tools MarketSize & Forecast 2017 to 2027
Collaboration Tools MarketCurrent Trends/Issues/Challenges
Competition & Companies involved
Collaboration Tools MarketDrivers and Restraints
Regional analysis for Collaboration Tools Marketincludes development of the market in the following regions:
Australia and New Zealand (ANZ)
Rest of Asia Pacific
Middle East and Africa
Other Middle East
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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