Global Collaboration Software Market is anticipated to attain significant gains by 2022, according to a report on Radiant Insights, Inc.

Collaboration software lets individuals enhance their productivity and efficiency while working within a team or group. The types of software offered in the market differ on the basis of two major parameters – time and location. Some instances of these software are Dapulse, Clarizen, and Slack.

The global collaboration software market is segregated on the basis of type, application, and region. By type, it is divided into mobile (iOS and Android), cloud, web, and software as a solution (SaaS). Major applications include small and medium enterprises (SMEs) and large organizations. Key end users include media and entertainment, IT and telecom, retail, and banking, financial services, and insurance (BFSI).

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Regions in the collaboration software market include China, India, Japan, Southeast Asia, United States, and European Union (EU). The China market is expected to thrive due to surge in cloud and SaaS platforms. Interest of traditional industries in adopting collaborative software applications to improve team productivity has led to the success of Teambition, a China-based application. Presence of a large number of vendors is expected to ensure a sustainable growth rate for the United States market.

The India collaboration software market is projected to display a strong growth trajectory due to proliferation of the Internet, high number of application-savvy employees, and demand for better communication models. Demand from end users such as BFSI and growth of SMEs is expected to spur market growth. In addition, steady growth of the telecommunications sector in India has ensured the adoption of popular collaborative applications such as Skype and Google Hangouts.

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Prominent players in the collaboration software market include Slack, Confluence, Evernote, eXo, and Microsoft Corporation. Product development, R&D, and mergers and acquisitions (M&A) are strategies incorporated by these players. For instance, Microsoft decided to acquire LinkedIn in 2016 in order to expand its service portfolio. The untapped healthcare and education sectors can provide new growth opportunities for the market.

Collaboration Software market, analyzes and researches the Collaboration Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
    HootSuite Media
    Cisco WebEx

Market segment by Regions/Countries, this report covers
    United States
    Southeast Asia

Market segment by Type, Collaboration Software can be split into
    Cloud, SaaS, Web
    Mobile – Android Native
    Mobile – iOS Native

Market segment by Application, Collaboration Software can be split into
    Large Organization

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