Worldwide market revenues from collaboration software reached over 16.1 billion in 2022 and is forecast to keep increasing, reaching about 52.9 billion U.S. dollars in 2032. Collaboration software enables the sharing, processing and management of files, documents and other data types among several users or systems. Popular examples include Slack and Microsoft Teams.
Continued growth expected in enterprise software
The enterprise software market has experienced high levels of growth in recent years, with market revenues more than doubling in the decade between 2009 and 2019. With year on year growth frequently exceeding ten percent, the enterprise software market is the fastest growing segment in the overarching IT industry. Initial forecasts suggest that this trend of rapid expansion will continue in the coming years, yet the outbreak of the coronavirus (COVID-19) in 2020 has painted a dim picture for the global economy. The global IT industry is now expected to decline in 2020, and that also applies for the software segment.
Collaboration software market revenues from 2022 to 2032
(in billion U.S. dollars)
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Global Market Insights. (September 1, 2023). Collaboration software market revenues from 2022 to 2032 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/590412/worldwide-collaboration-software-market/
Global Market Insights. "Collaboration software market revenues from 2022 to 2032 (in billion U.S. dollars)." Chart. September 1, 2023. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/590412/worldwide-collaboration-software-market/
Global Market Insights. (2023). Collaboration software market revenues from 2022 to 2032 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/590412/worldwide-collaboration-software-market/
Global Market Insights. "Collaboration Software Market Revenues from 2022 to 2032 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/590412/worldwide-collaboration-software-market/
Global Market Insights, Collaboration software market revenues from 2022 to 2032 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/590412/worldwide-collaboration-software-market/ (last visited November 13, 2024)
Collaboration software market revenues from 2022 to 2032 (in billion U.S. dollars) [Graph], Global Market Insights, September 1, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/590412/worldwide-collaboration-software-market/
