KEY FINDINGS
The India team collaboration software market is estimated to project a CAGR of 15.81% during the forecast period, 2021-2026. The pandemic has resulted in organizations adapting changes and emphasizing consumer needs with regard to the efficient function of the remote working culture. There is a growing focus on digital transformation strategies to enable operational flexibility, and thereby productivity and responsiveness. As a result, there is increased investments in effective collaboration solutions.
MARKET INSIGHTS
With the work-from-home trend in place, companies are struggling to implement systematic IT backend. Several startups are offering team collaboration software. For instance, Flock is a team collaboration software app like Hipchat, Slack, Microsoft Teams, etc. Also, with a growing number of Zoom users, it has established itself as a one-stop solution for video meetings in the virtual workspace. With looming security concerns, the Ministry of Home Affairs, India, has issued an advisory. This increases the need for secure and well-organized team collaboration software.
In terms of deployment, on-premise team collaboration software is in demand, given the security framework. At the same time, the cloud-based deployment is attributed to its low costs and pay-as-you-go model, providing access to high data volume. It also adopted by large enterprises with a large number of teams and high data volumes. Such developments drive market growth.
COMPETITIVE INSIGHTS
Oracle Corporation, IBM Corporation, Cisco Systems Inc, Microsoft Corporation, Adobe Systems Incorporated, etc., are among the market’s leading players.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments