Global Team Collaboration Software Market Size & Outlook

The team collaboration software industry worldwide is expected to reach a projected revenue of US$ 56,670.0 million by 2030. A compound annual growth rate of 9.5% is expected of the worldwide team collaboration software industry from 2023 to 2030.
Revenue, 2022 (US$M)
$27,408.1
Forecast, 2030 (US$M)
$56,670.0
CAGR, 2023 - 2030
9.5%
Report Coverage
Worldwide

Global team collaboration software market highlights

  • The global team collaboration software market generated a revenue of USD 27,408.1 million in 2022 and is expected to reach USD 56,670.0 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 9.5% by 2030.
  • In terms of segment, on-premise accounted for a revenue of USD 14,767.3 million in 2022.
  • Cloud is the most lucrative deployment segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2022.
  • Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.


Global data book summary

Market revenue in 2022USD 27,408.1 million
Market revenue in 2030USD 56,670.0 million
Growth rate9.5% (CAGR from 2022 to 2030)
Largest segmentOn-premise
Fastest growing segmentCloud
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCloud, On-premise


Other key industry trends

  • In terms of revenue, the North America accounted for 31.7% of the global team collaboration software market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 3,960.6 million by 2030.

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Team Collaboration Software Market Companies

Name Profile # Employees HQ Website

Global team collaboration software market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to team collaboration software market will help companies and investors design strategic landscapes.


On-premise was the largest segment with a revenue share of 53.88% in 2022. Horizon Databook has segmented the Global team collaboration software market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.


The rise of SaaS in the business environment has offered new growth challenges and opportunities for software companies. The growing interest in web-based alternatives to perpetual license software and traditional on premises is fueling the demand for available next-generation subscription services.


Businesses are turning to SaaS solutions because of their collaborative capabilities and continuous innovation. These factors have led team collaboration software to become more independent of their web-based applications, resulting in fewer service failures, slow response times, and hampered communication conferencing solutions.


Additionally, machine learning and artificial intelligence have captured the SaaS landscape, which has enabled users to interact with software solutions. The data extracted from cloud-based video conferencing provides a more natural way to schedule meetings.

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Target buyers of Global team collaboration software market databook

  • Our clientele includes a mix of team collaboration software market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global team collaboration software market , including forecasts for subscribers. This global databook contains high-level insights into Global team collaboration software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global team collaboration software market size, by regions, 2018-2030 (US$M)

Top 10 countries: Team collaboration software market size, 2022 (US$M)

Global team collaboration software market share, by deployment, 2022 & 2030 (%, US$M)

Team collaboration software market: Opportunity assessment by country

Global team collaboration software market, by region, 2022 (US$M)

Global team collaboration software market size, by regions, 2018-2030 (US$M)

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