What is Collaboration Tools Market?
Collaboration tool helps the people to collaborate. Its purpose is to support the group of two or more individuals to achieve a common goal or objective. In other words, Collaboration is commonly defined as working with another individual or group in order to achieve something. Collaboration tools can be of a non-technological nature such as paper, flipcharts, post-it notes or whiteboards. It can also include software tools and applications such as collaborative software. Moreover, collaboration tools can route the work through process, and distribute tasks to involved parties.
The market study is being classified and major geographies with country level break-up.
Microsoft Corporation (United States), IBM Corporation (United States), Citrix Systems, Inc. (United States), Cisco Systems, Inc. (United States), Adobe Systems Incorporated (United States), AT&T, Inc. (United States), Smartsheet Inc. (United States), Avaya, Inc. (United States), BroadSoft, Inc. (United States), Good Technology, Inc. (United States), Salesforce.com, Inc. (United States) and VMware, Inc. (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Collaboration Tools market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Collaboration Tools market by Type, Application and Region.
On the basis of geography, the market of Collaboration Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Need to handle employees working in different locations
- Growing digitisation is fuelling the market growth
- Increasing demand for machine learning based solutions
- Increasing concerns for data theft
- Increased adoption of team collaboration software among industries
- Increased proliferation of high-speed internet
- Stiff competition due to the presence of major players
On September 2019, Clubhouse has launched collaboration tool and free version of its project management platform. It will be fully integrated with the Clubhouse project management product.
Key Target AudienceSMEs, Large enterprises, Government associations, Research organisations, software vendors and Others
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