Lithuania: collaboration software market revenue 2020-2029

The revenue in the 'Collaboration Software' segment of the software market in Lithuania was forecast to continuously increase between 2024 and 2029 by in total 0.5 million U.S. dollars (+13.16 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 4.29 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Collaboration Software' segment of the software market was continuously increasing over the past years.

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Revenue of the collaboration software market in Lithuania from 2020 to 2029 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Collaboration Software market covers software applications that are used to facilitate communication and collaboration among teams and individuals within an organization through various channels, such as email, instant messaging, video conferencing, and file sharing.

Products in the Collaboration Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Collaboration Software market comprises revenue, revenue growth, and key player market shares as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Zoom, Cisco, Slack, and LogMeIn.

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