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(IT-NEWSWIRE.COM, June 18, 2019 ) The report entitled “Global Collaboration Tools Market: Size, Trends & Forecasts (2019-2023 Edition)”, provides an in-depth analysis of the global collaboration tools market and its segments, with detailed analysis of market size and growth in terms of value. The report also includes a thorough segment analysis of the global collaboration tools market.
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Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global collaboration tools market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global collaborations tools market is highly fragmented because of the presence of large number of players. Microsoft Corporation, Cisco Systems Inc., Citrix Systems Inc., and Smartsheet Inc. are some of the major players whose company profiling has been done in the report. This segment briefed about the business overview, financial overview and business strategies of the respective companies.
Company Coverage of Collaborations Tools Market:
1. Microsoft Corporation
2. Cisco Systems, Inc.
3. Citrix Systems, Inc.
4. Smartsheet Inc.
Teamwork is one of the most significant features of modern organization/workplace. However, extensive availability of internet gives an opportunity to employees to work from any corner of the world. So, for an effective teamwork, it is crucial for the organizations to implement modern work practices and technologies that help co-workers to share their work in a simple and efficient way irrespective of the geographical boundaries. This is where need for collaboration tools arises.
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Collaborations tools are made to facilitate effective communication within the organizations. There are many different forms and types of collaboration software, which includes video conferencing, chat apps, project management tool to share online document storage, etc. Collaboration tools are categorized into three: communication tools, conferencing tools, and coordinating tools. On the basis of solutions, collaboration tools can be divided into two categories: Cloud-based and On-premise. Now days, cloud-based collaboration tools are more prevalent in organizations as compared to on-premise collaboration software.
The global collaboration tools market has shown significant growth rates over the past few years and is anticipated to gain momentum over the forecasted period (2019-2023). The global collaboration tools market is supported by various growth drivers such as rising usage of mobile devices for collaboration in enterprises, growing requirement for improving organization efficiency, rise of social networking, rising need for better project management etc. However, the growth of the market has restrained by some challenges like lack of company-wide collaboration strategy, slow adoption rate, poor user interface and data security. Though, in the coming years, trends such as incorporation of business intelligence in collaboration software, technological advancements, virtual and augmented reality in collaboration solutions etc. would foster the growth of the market.
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Source: EmailWire.Com 
Source: EmailWire.com
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