Collaboration Software - United Kingdom

In 2024, the projected revenue in the Collaboration Software market in the United Kingdom is expected to reach £621.30m.
The market is expected to show a steady annual growth rate of 2.31% (CAGR 2024-2029), leading to a market volume of £627.10m by 2029.
When compared globally, United States is anticipated to generate the highest revenue, amounting to £6.16bn in 2024.
The United Kingdom is experiencing a surge in demand for collaboration software, as businesses prioritize remote work and virtual team collaboration.

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.

For more information on the displayed data, use the info button right next to the boxes.

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 Collaboration Software market in United Kingdom has been experiencing significant growth in recent years.

Customer preferences: The increasing adoption of remote work and the need for seamless communication and collaboration among remote teams have been driving the demand for collaboration software in the UK. Additionally, the growing trend of bring-your-own-device (BYOD) policies in the workplace has increased the need for collaboration software that can be accessed from multiple devices.

Trends in the market: One of the major trends in the Collaboration Software market in the UK is the increasing popularity of cloud-based collaboration tools. Cloud-based collaboration software offers several benefits such as easy accessibility, scalability, and cost-effectiveness. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) technologies into collaboration software to improve productivity and automate certain tasks.

Local special circumstances: The UK has a highly developed technology sector, which has been a driving force behind the growth of the Collaboration Software market. The country is home to several tech startups and established tech companies, which have been developing innovative collaboration software solutions to cater to the growing demand.

Underlying macroeconomic factors: The UK has a strong economy and a highly skilled workforce, which has attracted several multinational companies to set up their operations in the country. This has led to an increase in the demand for collaboration software that can facilitate communication and collaboration among geographically dispersed teams. Additionally, the UK government has been investing heavily in digital infrastructure, which has created a favorable environment for the growth of the Collaboration Software market.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

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.