Team Collaboration Software Market Size, Share & Trends Analysis Report By Deployment, By Software Type, By Application (Retail, Healthcare, BFSI, IT & Telecom), By Region, And Segment Forecasts, 2025 - 2030
Team Collaboration Software Market Growth & Trends:
The global team collaboration software market size is estimated to reach USD 57,403.8 million by 2030, expanding at a CAGR of 7.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The promising growth prospects of the market can be credited to the increasing adoption of communication and conferencing solutions across businesses to collaborate, brainstorm, and share content.
Amid the COVID-19 pandemic, numerous companies have transitioned to the remote working culture and rely chiefly on video conferencing solutions for team collaboration. The demand for these solutions is expected to increase further in the near future, as several organizations are willing to consider a hybrid working model even after the pandemic.
The heightened demand for collaborative solutions has encouraged industry players to provide affordable and technologically advanced video conferencing solutions. This has facilitated the large-scale deployment of these solutions across several organizations. For instance, in March 2021, Avaya Inc. introduced new features to its Workstream collaboration platform Spaces to cater to the rising demand for a hybrid remote working model. The new artificial intelligence based collaborative meetings platform offers simple, integrated video and voice calling and can transform the existing on-premise calling technology.
The advent of virtual collaboration solutions based on Augmented Reality (AR) and Virtual Reality (VR) is expected to boost the market growth during the forecast period. Several market players have started offering these solutions owing to their increased popularity. For instance, in October 2021, WebexOne by Cisco Systems, Inc. released the preview of its next-generation hybrid work collaboration product Webex Hologram. This new tool is the industry's first real-time meeting solution that leverages AR headsets to integrate Webex meeting functionality with immersive 3D holograms.
The growing proclivity of businesses across several industries toward automating tasks and enhancing workplace collaboration has encouraged the deployment of AI bots and Smart Virtual Personal Assistants (SVPA). These bots perform various tasks such as scheduling meetings and taking notes. Besides, chatbots are emerging as a standard capability for desk-less and frontline workers to use digital services through smart devices.
Team Collaboration Software Market Report Highlights:
In terms of deployment, the cloud segment is expected to witness the highest CAGR of over 11% from 2025 to 2030, owing to the increasing demand for cloud-based platforms for effective team collaboration across enterprises, considering the rising number of people working remotely.
In terms of type, the conferencing software segment is expected to witness the fastest growth from 2025 to 2030, driven by the growing reliance on web conferencing as a primary mode of communication in modern organizations.
In terms of application, the retail application segment is expected to record the highest revenue share in the market by 2030. This can be credited to the increasing need of retail companies to improve employee engagement and facilitate real-time information sharing
Integration of software and hardware and ongoing efforts to strengthen network capabilities are some of the key strategies adopted by major market players to increase their market share
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.2.1. Information analysis
1.2.2. Market formulation & data visualization
1.2.3. Data validation & publishing
1.3. Research Scope and Assumptions
1.3.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Team Collaboration Software Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Deployment Challenge
3.3. Team Collaboration Software Market Analysis Tools
3.3.1. Deployment Analysis - Porter's
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Legal landscape
3.3.2.6. Environmental landscape
Chapter 4. Team Collaboration Software Market: Deployment Outlook Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Team Collaboration Software Market: Deployment Outlook Movement Analysis, 2024 & 2030 (USD Million)