The collaboration software market size will exceed USD 30 billion globally in terms of annual valuation by 2026. Proliferation of remote networking and cloud compounding may further increase deployment rate of collaboration software as a service solution.

The growing need for remote management of projects across enterprises is fueling the adoption of collaboration software solutions. Increasing focus of organizations on integrated managing, processing, and sharing of files, resources and data in real-time is likely to stimulate collaboration software market outlook.

Collaboration tools significantly improve task management and processing capabilities by allowing a group of people to work coordinate and work together. More and more enterprises are adopting collaborative platforms to exchange securely exchange critical information with business partners outside the organization. These tools offer a centralized environment for effective management of collaborative process.

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Content sharing tools, project management solutions, enterprise social networking platforms, and conferencing tools are the different types of collaboration software solutions and services. Project management solutions help multiple teams to communicate and manage project processes effectively in real-time. It serves a unified platform for interacting and transmitting critical project information and resources across different teams.

In terms of the deployment model, cloud collaboration software market will grow at over 20% CAGR through 2026. Cloud-based solutions enable enterprises to digitize their business processes and offer greater accessibility while minimizing integration complexities and cutting costs. Cloud-based deployment also helps enterprises boost productivity and minimize resource utilization. Cloud-based collaboration and communication tools are currently playing a key role in the education sector to facilitate remote learning.

The COVID-19 pandemic has affected business, industries, and not to mention, educational institutions. Schools, colleges, and universities worldwide are relying on collaborative tools to offer uninterrupted educational services remotely. For instance, Avaya Holdings Corp. had announced the cost-free availability of its Avaya Spaces platform to educational institutions in March 2020. The deployment of collaboration solutions in educational application will grow at nearly 13% CAGR in the upcoming years.

Considering the regional landscape, North America collaboration software market is slated to witness notable growth in the near future, with the presence of software giants including Google LLC, Microsoft Corporation, IBM corporation, and Slack Technologies. These companies are implementing collaboration tools to manage large-scale projects.

For instance, Microsoft had launched a partner-to-partner collaboration platform in its partner network in June 2019 to offer efficient cloud-based solutions. These companies are also considering partnerships as a major strategy for the development of next-generation collaboration and communication platforms.

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In June 2019, Microsoft had announced a partnership with Oracle Corporation for the integration of Microsoft Azure and Oracle cloud platforms. The tech giants jointly built a cloud-based interoperability platform for enterprises. The partnership enabled both the companies to deliver advanced collaboration solutions to their customer enterprises.

Table of Contents (ToC) of the report:

Chapter 5.   Collaboration Software Market, By Component

5.1.  Key trends, by component

5.2.  Solution

5.2.1. Market estimates and forecast, 2015 - 2026

5.2.2. Conferencing

5.2.2.1.    Market estimates and forecast, 2015 - 2026

5.2.3. Content sharing

5.2.3.1.    Market estimates and forecast, 2015 - 2026

5.2.4. Project management

5.2.4.1.    Market estimates and forecast, 2015 – 2026

5.2.5. Enterprise social network

5.2.5.1.    Market estimates and forecast, 2015 - 2026

5.2.6. Messaging

5.2.6.1.    Market estimates and forecast, 2015 - 2026

5.3.  Service

5.3.1. Market estimates and forecast, 2015 - 2026

5.3.2. Professional services

5.3.2.1.    Market estimates and forecast, 2015 - 2026

5.3.3. Managed services

5.3.3.1.    Market estimates and forecast, 2015 - 2026

Chapter 6.   Collaboration Software Market, By Deployment Model

6.1.  Key trends, by deployment model

6.2.  On-premise

6.2.1. Market estimates and forecast, 2015 - 2026

6.3.  Cloud

6.3.1. Market estimates and forecast, 2015 – 2026

Chapter 7.   Collaboration Software Market, By Organization Size

7.1.  Key trends, by organization size

7.2.  SMEs

7.2.1. Market estimates and forecast, 2015 - 2026

7.3.  Large Enterprises

7.3.1. Market estimates and forecast, 2015 – 2026

Chapter 8.   Collaboration software Market, By Application

8.1.  Key trends, by application

8.2.  BFSI

8.2.1. Market estimates and forecast, 2015 - 2026

8.3.  IT & telecom

8.3.1. Market estimates and forecast, 2015 - 2026

8.4.  Retail and consumer goods

8.4.1. Market estimates and forecast, 2015 - 2026

8.5.  Healthcare

8.5.1. Market estimates and forecast, 2015 - 2026

8.6.  Education

8.6.1. Market estimates and forecast, 2015 – 2026

8.7.  Government

8.7.1. Market estimates and forecast, 2015 - 2026

8.8.  Others

8.8.1. Market estimates and forecast, 2015 - 2026

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