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Outlook on the Collaboration Tools Global Market to 2025 – Featuring Meta, Microsoft and Zoom Among Others

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DUBLIN, April 25, 2022–(BUSINESS WIRE)–The “Collaboration Tools – Thematic Research” report has been added to from ResearchAndMarkets.com offer.

The collaboration tools market includes many enterprises, from hyperscalers and telcos to small cloud-based providers. Improving the user experience to meet the expectations of an increasingly tech-savvy customer base is essential for differentiation. Companies that invest in artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) capabilities will be the most successful. These technologies will be essential in the emerging hybrid workplace to ensure that employees can access critical business applications and data regardless of location.

According to publishers’ forecasts, the communications and collaboration (C&C) market will reach $309 billion by 2025. Software will be the fastest growing segment. The communications platforms segment, which was worth $16.3 billion in 2020, will grow at a CAGR of 15% between 2020 and 2025. The growing number of employees working remotely and the need to build strong connections between them and office staff are driving enterprise adoption of C&C tools.

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Meta (formerly Facebook) and Microsoft have already unveiled their versions of the enterprise metaverse, a virtual world where users share their experiences and interact in real time in simulated scenarios. The competition will only intensify as augmented versions of collaboration tools become more common. There is a strong belief that the metaverse will be the next generation interface for users to access multiple services. However, it remains to be seen whether office workers, many of whom are already struggling with “Zoom fatigue” following the COVID-19 pandemic, will find it appealing to interact with digital avatars in the enterprise metaverse. .

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Scope

  • This report provides an overview of the topic of collaboration tools.

  • It identifies the main trends impacting the growth of the theme over the next 12 to 24 months, divided into three categories: technology trends, macroeconomic trends and regulatory trends.

  • It includes comprehensive industry analysis, including forecasts for the communications and collaboration market to 2025.

  • It contains details of M&A transactions related to the collaboration tools theme, as well as a timeline highlighting the collaboration tools development milestones.

  • The detailed value chain consists of three main segments: hardware, software and services.

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Reasons to buy

  • The future of work will shape both factories and offices, encouraging greater collaboration between humans and technology and equipping workers with new digital skills.

  • Communication and collaboration tools, ranging from messaging platforms like Teams to video conferencing tools like Zoom, will play a vital role in the future of work.

  • This report provides an invaluable guide to this important topic, including details on key players and up-to-date market forecasts.

Companies cited

For more information about this report visit https://www.researchandmarkets.com/r/331fko

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220425005841/en/

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