Collaboration Software Market:
WiseGuyReports.com adds “Global Collaboration Software Market Research Report 2020 Analysis and Forecast 2026” reports to its database.
Executive Summary
The global collaboration software market is expected to grow from $8.9 billion in 2019 to about $23 billion in 2020. Collaboration software allows processing, management and sharing of documents and other files among systems or several users. During Covid-19, collaboration software enables hassle-free remote working for employees working from home. Several organizations are utilising collaboration software for their regular meetings and updates. Therefore, the market is expected to see rapid growth in market size in 2020. The market is expected to stabilize and reach $17.1 billion at a CAGR of 17.6% through 2023.
The collaboration software market consists of sales of team collaboration software and its related services. The collaboration software aims to facilitate communication between the team members by providing a convenient and informal space to the user, perform group talks, and share relevant information. Team 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.
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The global collaboration software market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific is expected to be the fastest growing region in the collaboration software market during 2019-2023.
In February 2018, Microsoft, an America based company, develops, manufactures, licenses, supports, and sells a range of software products and services acquired Chalkup for an undisclosed amount. Through this acquisition Microsoft said that it will bring some of the features that Chalkup had built to the Microsoft Teams for Education product experience. Chalkup, a class collaboration platform that connects classes to simplify the process of assigning homework, studying with peers, grading, and sharing resources.
The collaboration software market covered in this report is segmetned by software type into conferencing software; communication and coordination software. It is segmented by deployment into cloud; on-premise and by end user into IT & telecom; BFSI; retail; healthcare; government; others.
The growing security concern is anticipated to limit market growth during the period. According to an article on the tech industry’s biggest challenges by Forbes in 2019 published in December 2018, data governance, security, and privacy are some of the major challenges faced by the software industry including collaboration software market, beyond skills gap and AI transformation. Therefore, growing security and privacy concerns are projected to act as a major restraint for the growth of the team collaboration software market over the forecast period.
Companies in the collaboration software market are increasingly investing in research and development to cater to the needs of the users and enhance coordination amongst the teams. Microsoft, for example, released a free version of the Microsoft Teams software in 2018. This software will allow customers to have joint meetings, calls and talks, along with company security, enforcement and extra storage and it can be used for whole organisation, regardless of size. Such developments are likely to strengthen market competition among players and consequently increase forecast-period growth in the overall team collaboration software market.
Increasing remote work culture is a major driver for the growth of the collaboration software market. According to Flexi Jobs’ Remote Work Statistics published in February 2020, major growth was recorded in the number of people working remotely in the USA. The number of people working remotely increased to 159% between 2005 and 2017. The count of people working remotely in the USA was 3.9 million in 2015 and increased to 4.7 million or 3.4% of the total population in February 2020. Moreover, the COVID-19 outbreak has forced many companies to streamline work from home which in turn is projected to generate higher demand for team collaboration software market in the forecast period.
Major players in the collaboration software market are Citrix Systems Inc., Slack Technologies, Inc., Oracle Corporation, IBM Corporation, AT&T Intellectual Property, Cisco System, Inc., Microsoft Corporation, Google (Alphabet Inc.), BOX, Inc., and TeamViewer GmbH.
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Polysilicon Market:WiseGuyReports.com adds “Global Polysilicon Market Size, Status and Forecast 2020-2025” reports to its database.Executive SummaryThe Global Polysilicon Market valued at USD 7426 million in the year 2019 has been witnessing unprecedented growth.
Massive investments in expansion of solar capacity across the globe is a key driving factor for the growth of the Polysilicon market.
Governments of developing and developed countries and industrial sectors are emphasizing on the expansion of renewable energy sources, in which solar energy appears to show high potential.
Thus, policy makers, regulatory bodies and industrial sectors are investing enormously in the solar energy sector.
This is generating remarkable demand for solar panels across the globe.
The growth of the Polysilicon industry will however be slowed down because of the COVID-19 pandemic, which has completely halted all industries including manufacturing and logistics.Among the Application segment in the Polysilicon market (Solar Photovoltaic and Semiconductors), Solar Photovoltaic has been gaining popularity among other segments and is expected to keep major market share in the forecast period because of the adoption of energy sources that are sustainable.
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Market Research Future Published a Half-Cooked Research Report on Global Ink Resins Market Research Report - Global Forecast Till 2025 Global Ink Resins Market – SegmentationsThe Covid-19 Ink Resins Market Analysis has been segmented into four main dynamics to widen the scope of understanding,By Type: Modified Resin, Cellulose, Acrylic, Polyamide, Hydrocarbon, Polyurethane, and others.By Printing Process: Flexographic, Lithographic, Gravure, Digital, Letterpress, and others.By Application: Printing & Publication, Corrugated Boards, Flexible Packaging, and others.By Regions: Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.Global Ink Resins Market - Competitive LandscapeHighly competitive, the Ink Resins Market appears to be fragmented due to the presence of several large and small-scale players.
For business expansion, they acquire small yet promising companies in the emerging markets, focusing on optimized situational awareness for customers.
Rising strategic initiatives are changing the market structure by increasing the profit of the acquiring company and reducing market competition significantly.Major Players:Players Leading the Global Ink Resins Market include Arakawa Chemical Industries, Ltd (Japan), BASF SE (Germany), DowDuPont Inc (US), Royal DSM NV (Netherlands), Hydrite Chemical (US), Evonik Industries AG (Germany), Lawter (US), Indulor Chemie GmbH (Germany), Arizona Chemical Company, LLC (US), IGM Resins, Inc. (The Netherlands), US-Polymers-Accurez LLC (US), and Kraton Corporation (US), among others.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5093Industry/Innovation/Related News:November 09, 2019 —- Ingevity (the US), a specialty chemicals and materials manufacturer & supplier, launched its new environmentally friendly ink resin product line - AltaPrint.
Now available globally, The AltaPrint family of products offers customers a more eco-friendly solution without sacrificing gloss and film hardness performance characteristics.
The largest market share attributes to the growing demand from the packaging industry and expanding production capacities in the region.
Besides, factors such as the rising trend of on-the-go packaged food items & online shopping and the burgeoning eCommerce market in the region drive the market growth substantially.The presence of dynamically emerging economies in the region such as India, Japan, China, Singapore, and South Korea impacts the regional market growth positively.
