PUBLISHER: The Business Research Company | PRODUCT CODE: 1712370
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712370
Collaborative software is a technology that enables individuals to work together on the same documents and projects simultaneously, whether they are located on local or remote networks.
The primary types of collaboration software include conferencing software and communication and coordination software. Conferencing software offers features such as chat, screen sharing, and recording, facilitating online communication for audio meetings, video meetings, and seminars. These applications are instrumental in supporting long-distance or international communication, enhancing collaboration, and reducing travel expenses. Collaboration software can be deployed through cloud-based or on-premise modes and is utilized by a range of industries, including IT and telecom, BFSI (Banking, Financial Services, and Insurance), retail, healthcare, government, and other end users.
The collaboration software market research report is one of a series of new reports from The Business Research Company that provides collaboration software market statistics, including collaboration software industry global market size, regional shares, competitors with a collaboration software market share, detailed collaboration software market segments, market trends and opportunities, and any further data you may need to thrive in the collaboration software industry. This collaboration software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The collaboration software market size has grown steadily in recent years. It will grow from $13.83 billion in 2024 to $14.26 billion in 2025 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to globalization and remote work, increased use of cloud computing, mobility and byod (bring your own device), demand for productivity and efficiency, rise of saas models.
The collaboration software market size is expected to see steady growth in the next few years. It will grow to $17.31 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to integration of artificial intelligence, rise of hybrid work environments, security and compliance focus, emphasis on user experience, interoperability and integration. Major trends in the forecast period include team collaboration and messaging, video conferencing and virtual meetings, document collaboration and sharing, project management integration, augmented reality (ar) integration.
The increasing prevalence of remote work is poised to drive the growth of the collaboration software market in the foreseeable future. Remote work, characterized by employees performing their job responsibilities from locations outside the traditional office, including their homes or other remote settings, has gained prominence. This shift has accelerated the development and adoption of collaboration software, as organizations recognize the necessity for effective remote collaboration tools to maintain productivity, communication, and teamwork. For example, data from June 2023, as reported by the US-based business magazine Forbes, indicates that 38% of the workforce comprises men working remotely full-time, with an additional 23% working remotely part-time. Similarly, 30% of women work remotely full-time, and 22% work part-time. This trend underlines the pivotal role of increasing remote work in propelling the growth of the collaboration software market.
The growing emphasis on data protection is expected to be a key driver for the collaboration software market's expansion. Data protection involves a set of practices, policies, and measures implemented to secure data from unauthorized access, use, disclosure, alteration, or destruction. Collaboration software plays a vital role in ensuring secure data sharing among team members. It employs access controls and encryption methods to safeguard sensitive information from unauthorized access, thereby enhancing the trustworthiness of these platforms. For instance, data from April 2023, as per the UK-based government body, the Government Digital Service, indicates that 3% of companies and 1% of charities have fallen victim to cybercrime, primarily due to data breaches or fraud. This highlights the significance of data security in driving the growth of the collaboration software market.
Major companies operating in the Collaboration Software Market are focusing on technological advancements such as AI-driven automation to enhance productivity, streamline workflows, and improve user experience by enabling smarter and more efficient communication and collaboration. AI-driven automation is an advanced technology that uses artificial intelligence to perform tasks and processes with minimal human intervention. It boosts efficiency by automating repetitive tasks, facilitating smarter decision-making, and improving overall productivity across various industries. For example, in August 2024, ViewSonic, a US-based privately held multinational electronics company, launched TeamOne, an AI-powered collaboration software. This solution incorporates AI-powered features to streamline communication and improve productivity, positioning it as a crucial tool for adapting to the evolving demands of modern digital workspaces.
Major companies operating in the collaboration software sector are introducing innovative technologies such as The Lucid Suite to enhance their market profitability. The Lucid Suite, a visual collaboration platform, was launched by the US-based software company Lucid Software Inc. in May 2023. This suite offers an effective way for dispersed, hybrid, and cross-functional teams to collaborate anytime and anywhere. With a shared visual language, it expedites project management and facilitates team alignment and productivity.
In September 2022, Adobe Inc., a US-based computer software company offering a comprehensive suite of creative tools and solutions to enhance digital experiences across various industries, acquired Figma for $20 billion in cash and stock. Through this acquisition, Adobe aims to strengthen its collaborative design capabilities, integrate Figma's user-friendly platform into its Creative Cloud ecosystem, and solidify its position in the rapidly growing market for web-based design tools. Figma, a US-based collaborative web application for interface design, also offers additional offline features.
Major companies operating in the collaboration software market include Citrix Systems Inc., Slack Technologies Inc., Oracle Corporation, IBM Corporation, AT&T Intellectual Property, Cisco System Inc., Microsoft Corporation, Google LLC, BOX Inc., TeamViewer GmbH, LogMeIn Inc., Zoom Video Communications Inc., SMART Technologies ULC, MindMeld Inc., Adobe Systems Incorporated, Asana Inc., Avaya Inc., Blackboard Inc., OpenText Corporation, Siemens AG, Dropbox, Box Inc., Intralinks Holdings Incorporations and Survey Monkey, International Business Machines Corporation, Zoho Corporation, Smartsheet Inc., Wrike Inc., Notion Labs Inc., Trello Inc., Airtable Inc.
Asia-Pacific was the largest region in the collaboration software market in 2024. North America was the second largest region of the collaboration software market. The regions covered in the collaboration software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the collaboration software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The collaboration software market includes revenues earned by entities by offering software, which facilitates communication between the team members by providing a convenient and informal space for the user to perform group talks and share relevant information. Collaboration software is a platform to facilitate quick communication, address questions and queries, access shared knowledge & files, and check tasks. It offers various features such as task management, file sharing, messaging, document collaboration, VoIP and video conferencing, task management, calendar, integration, and search. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Collaboration Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on collaboration software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for collaboration software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The collaboration software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.