The recent report by Astute Analytica on the global Digital Collaboration Tools and Services Market covers all the factors which will impact the market in the coming years. The report discusses several sections, such as COVID-19 impact, shareholding segments, etc. Moreover, it also outlines the list of past innovations and ongoing events to give an overview of the trends.
The global digital collaboration tools and services market is estimated to grow at a CAGR of ~9% during the forecast period 2021-2027.
Factors Affecting the Market
Technology is maintaining a vital place across all industrial verticals, including healthcare, automotive, construction, etc. Companies leverage cloud and service-based services to propel innovation and bring significant revolution. Thus, it will drive the growth of the global Digital Collaboration Tools and Services Market during the forecast period.
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Growing investments in this market are expected to boost the growth of the overall market. For instance, the US Federal Government set aside $58.4 billion budget for IT at civilian Federal agencies in 2022, which is an increase of 2.4 percent from 2021.
COVID-19 Impact Analysis
The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the Digital Collaboration Tools and Services Market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.
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Regional Analysis
By Component:
- Software
- Conferencing
- Communication and Coordination
- Portals and Intranet Platforms
- Project Management and Analytics
- Others
- Services
- IT Consulting and Development
- Integration and Implementation
- Support and Maintenance
By Deployment Model:
- On-Premise
- Cloud
By Organization Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
By Application:
- BFSI
- IT and Telecommunications
- Manufacturing
- Retail and Consumer Goods
- Healthcare
- Transportation and Logistics
- Education
- Others
Key Players Insights
Amazon, Asana, Basecamp, Gitlab, Github, Google, IBM, Invision, Microsoft, Time Doctor, Trello, Slack and Zoho Projects among others are included in the research study of the global digital collaboration tools and services market. New market entrants are adopting positioning strategy to target small group of customers with specific end-to-end user need, aiming to position themselves as an industry standard. For instance, Timyo sets priorities for replying to email or assigning an action date, Trello for collaborative Kanban project management, or Julie Desk, a virtual assistant to schedule appointments by email. Dropbox, on the other hand, focuses on file sharing and file storage that is protected and secure.
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About Astute Analytica:
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