Global Collaborative Whiteboard Software Market is projected to grow at a robust CAGR during forecast period, owing to the increase in its usage for business meetings since these solutions offer features that allow users to communicate, design, share and save content over a customizable space. Increasing industrialization, growing focus on cost-effectiveness, rising awareness about high-end technological devices, and the emergence of advanced technologies are driving the adoption of technologically advanced software to enhance operational performance. This, in turn, is expected to drive the collaborative whiteboard software market growth in the coming years.
Collaborative whiteboard software can be defined as a singular, shared, and open design space where collaborators can simultaneously make edits and share content from their respective devices. The collaborative whiteboard software platform is increasingly playing an essential role for business operations and organizations in improving employee productivity. Technology has enabled the distribution of information in person as well as remotely in collaborative meetings. The goal is to accomplish collaborative and productive meetings that help in maximizing content sharing and setting up meetings through an all-in-one, simple-to-use technology solution, keeping customer experience as the most important element.
Microsoft announced that its collaboration and communication service, which is branded as Microsoft Teams, had seen a drastic increase in its monthly users across the globe. All the developed countries had imposed the social-distancing measures as well as the shelter-in-place orders enforced in early 2020. Numerous companies like Ernst & Young, Continental AG, SAP and Accenture, which has a large number of employees, were moved to the Microsoft Teams for the work platform.
The collaborative whiteboard software predominantly offers an open, singular, and shared space for a design where various collaborators can concurrently share content and make necessary edits from the respective devices. It provides a variety of features for users to create, save, share, and communicate the content in a customizable workspace. These tools are mostly used by design and project management teams. The intuitive and user-friendly content-sharing space is to be provided to the users that can benefit management groups from various disciplines. Furthermore, while most collaborative whiteboard solutions are stand-alone products, some are integrated into other design software as well as into visual collaboration platforms. Such trends are influencing the demand for collaborative software in the market.
Increasing Adoption of Artificial Intelligence is Fueling the Market Growth
Increasing adoption of
High Demand for Working Remotely is Driving the Market Growth
The disruption due to the COVID-19 pandemic has triggered the collaborative whiteboard software market globally. Millions of people are now suddenly working from home because of the global pandemic’s impact, resulting in considerable spikes in demand for collaboration tools. For instance, the number of users of Microsoft Teams has increased drastically since a vast number of employees are working from home. Also, various large organizations have been using Microsoft Teams for employees to share content from anywhere, anytime.
Increasing Implementation for Online Business Meetings is Stimulating the Market Growth
Increasing online business meetings across the globe are driving the demand for collaborative whiteboard software since these solutions include a range of features that allow users to communicate, design, share and save content over a customizable space. Also, the COVID-19 pandemic has boosted the need for virtual business meetings through collaborative tools.
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Market Segmentation
Company Profiles
Alphabet Inc., Cisco Systems Inc., Conceptboard Cloud Service GmbH, Expat Software, GroupMap Technology Pty. Ltd., InVisionApp Inc., Lucid Software Inc., Microsoft Corporation, SHENZHEN EDRAW SOFTWARE Co. LTD., Zoom Video Communications Inc.,
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | By Type By Deployment Mode By Operating System By Organization Size By Application By Region |
Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa and South America |
Country Scope | China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, Brazil, Argentina, Colombia |
Key Companies Profiled | Alphabet Inc., Cisco Systems Inc., Conceptboard Cloud Service GmbH, Expat Software, GroupMap Technology Pty. Ltd., InVisionApp Inc., Lucid Software Inc., Microsoft Corporation, SHENZHEN EDRAW SOFTWARE Co. LTD., Zoom Video Communications Inc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |