Collaboration Software - G7 | Statista Market Forecast

The Collaboration Software market is expected to generate a revenue of US$10.81bn in 2024.
With an annual growth rate (CAGR 2024-2029) of 0.70%, the market volume is projected to reach US$11.20bn by 2029.
Among the G7 countries, United States is anticipated to generate the highest revenue, with US$7.84bn in 2024.
In the G7 country of Canada, the current trend in the collaboration software market is a growing preference for cloud-based solutions among businesses of all sizes.

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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Team collaboration applications, such as Slack, Jira, and Trello
Conferencing applications, such as Zoom, Skype, and Microsoft Teams
Email applications, such as Microsoft Outlook, Amazon WorkMail, and Yahoo Business Mail
Synchronization software, such as NinjaOne, Cato Networks Suite, and ManageEngine ADManager Plus
Sharing software, such as Google Drive, Dropbox, and OneDrive

Social networks, such as Yammer, Twitter, and Buffer
Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The market for Collaboration Software in G7 countries has been steadily growing over the past few years as more companies shift towards remote work and digital collaboration.

Customer preferences: Customers in G7 countries have shown a strong preference for collaboration software that is user-friendly, secure, and integrates well with other tools. Many companies are also looking for software that allows for real-time collaboration and communication, as well as project management features.

Trends in the market: In the United States, the collaboration software market has been dominated by large players such as Microsoft and Google, but there has been a rise in smaller companies offering specialized collaboration tools. In Japan, there has been a trend towards cloud-based collaboration software as companies look to reduce IT costs and increase flexibility. In the United Kingdom, there has been an increase in the adoption of collaboration software by small and medium-sized enterprises (SMEs) as they look to compete with larger companies. In Germany, there has been a focus on collaboration software that meets strict data privacy regulations. France has seen an increase in the use of video conferencing software for remote work and virtual meetings. Italy has seen a rise in the use of collaboration software in the healthcare sector, particularly for telemedicine. Canada has seen an increase in the use of collaboration software in the education sector, as schools and universities shift towards online learning.

Local special circumstances: Each G7 country has its own unique set of circumstances that are driving the adoption of collaboration software. In the United States, the rise of remote work and the need for digital collaboration has been accelerated by the COVID-19 pandemic. In Japan, the government has been promoting the use of digital technology in the workplace as part of its "Society 5.0" initiative. In the United Kingdom, Brexit has led to increased competition and a greater need for collaboration among businesses. In Germany, strict data privacy regulations have led to a focus on collaboration software that meets these requirements. In France, the government has been promoting the use of digital technology to reduce carbon emissions and increase efficiency. In Italy, the healthcare sector has been under pressure to provide remote care due to an aging population and a shortage of medical professionals. In Canada, the education sector has been adopting collaboration software to provide online learning options for students in remote areas.

Underlying macroeconomic factors: The adoption of collaboration software in G7 countries is being driven by a number of macroeconomic factors, including technological advancements, changing work patterns, and increasing globalization. The rise of remote work and the need for digital collaboration has been accelerated by the COVID-19 pandemic, which has forced many companies to adapt to new ways of working. The increasing use of cloud-based technology has also made collaboration software more accessible and affordable for businesses of all sizes. Additionally, the increasing trend towards globalization has made it necessary for companies to collaborate with partners and clients in different countries and time zones, driving the need for real-time communication and collaboration tools.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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