Collaboration Software - GCC | Statista Market Forecast

The Collaboration Software market in the GCC is expected to generate a projected revenue of US$91.40m by 2024.
This revenue is anticipated to display an annual growth rate (CAGR 2024-2029) of 1.71%, leading to a market volume of US$99.50m by 2029.
When compared globally, United States is predicted to generate the highest revenue, reaching US$7.84bn in 2024.
The GCC region is experiencing a surge in demand for collaboration software, with companies recognizing the need for efficient communication and teamwork in their digital transformation journey.

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 demand for collaboration software in GCC has been increasing steadily over the years, as organizations seek to improve communication and collaboration among their employees.

Customer preferences: GCC organizations are increasingly adopting collaboration software that offers a range of features, including video conferencing, document sharing, and project management tools. The market is dominated by global players, but there is also a growing demand for locally developed software that caters to the unique needs of GCC businesses.

Trends in the market: One of the key trends in the GCC collaboration software market is the adoption of cloud-based solutions. Cloud-based collaboration software offers several advantages, including scalability, cost-effectiveness, and ease of use. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) technologies into collaboration software. These technologies can help automate routine tasks, improve decision-making, and enhance productivity.

Local special circumstances: The GCC region has a unique business culture, which emphasizes personal relationships and face-to-face interactions. As such, there is a growing demand for collaboration software that can facilitate remote communication while still maintaining a personal touch. Additionally, there are specific regulatory requirements in the region that software providers must adhere to, such as data localization laws.

Underlying macroeconomic factors: The GCC region is experiencing significant economic growth, driven by factors such as population growth, infrastructure development, and government initiatives to diversify the economy. As a result, there is a growing demand for collaboration software that can help organizations manage their operations more efficiently and effectively. Additionally, the COVID-19 pandemic has accelerated the adoption of collaboration software, as many organizations have had to shift to remote work arrangements.

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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