The global team collaboration software market size was USD 8.53 Billion in 2018 is projected to reach USD 18.30 Billion by 2026, exhibiting a CAGR of 10.3% during the forecast Period. Increasing shift towards an online platform to fuel demand in the global Team Collaboration Software market. The market has been witnessing the development of new technology. Fortune Business Insights has announced publishing of a report, titled “Team Collaboration Software Market Size, Industry Share and Growth Rate 2019-2026”.
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“Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Team Collaboration Software market,” said a lead analyst at Fortune Business Insights.
Top Players Overview:
Some of the leading players operating in the global Team Collaboration Software Market include;
- Mitel Networks Corp.
- Avaya Inc.
- Comindware Inc.
- AT & T
- Blackboard Inc.
- AudioCodes Limited
- Citrix Systems Inc.
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
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Major Segments Mentioned:
- By Component
- By Deployment
- By End-user
- By Geography
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Team Collaboration Software market.
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
The report also offers insights into the key players operating in the global Team Collaboration Software market.
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