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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update:
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Collaboration Software has been on the rise globally, and Lithuania is no exception.
Customer preferences: Lithuanian businesses have been increasingly adopting collaboration software to improve their productivity and efficiency. The software allows employees to communicate and collaborate with each other, regardless of their location. This is particularly useful for companies with remote workers or those with offices in different cities or countries. Additionally, the COVID-19 pandemic has accelerated the adoption of collaboration software as many companies have had to shift to remote work.
Trends in the market: One of the trends in the Lithuanian collaboration software market is the increasing popularity of cloud-based solutions. Cloud-based software allows for easy access from anywhere with an internet connection and eliminates the need for on-premise servers. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into collaboration software. This allows for features such as automated chatbots and predictive analytics.
Local special circumstances: Lithuania has a growing startup scene, and many of these startups are focused on developing collaboration software. This has led to a competitive market with many innovative solutions being developed. Additionally, Lithuania has a highly skilled workforce, particularly in the fields of IT and engineering. This has allowed for the development of high-quality collaboration software.
Underlying macroeconomic factors: Lithuania has a growing economy and a favorable business environment. The country has a highly educated workforce and low labor costs, making it an attractive location for businesses. Additionally, Lithuania has invested heavily in its IT infrastructure, including high-speed internet and fiber-optic networks. This has made it easier for businesses to adopt collaboration software and other digital tools.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.
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