The report titled “Collaborative Whiteboard Software Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.
The collaboration whiteboard software market is expected to reach a CAGR of 9.8%, over the forecast period 2020-2025. With the explosion of Kanban, Lean, and Agile frameworks for development, white boarding has become a well-liked tool for teamwork. Simple visualization, rapid communication, and fruitful collaboration are the cornerstones of success during this ever-changing environment.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Collaborative Whiteboard Software Market: Jeld-Wen, Masonite, Assa Abloy(Maiman), Steves Door, Simpson Door, Sun Mountain, TruStile Doors, Lynden Doors, Sierra Doors, Stallion, Appalachian, USA Wood Door, Woodgrain Doors, Arazzinni, and others.
– The increasing trend of gamification in education and corporate sectors, the growing trend of e-learning and digital classrooms, and increased funding from the governments of various countries to include collaborative whiteboard software across various end-users are the most driving factors for the expansion of the market.
– The development of Artificial Intelligence and its integration with team collaboration tools is expected to create higher demand in achieving automation, improved communication within an organization. Most organizations expect increased productivity and focus on high-value tasks as significant team benefits of Artificial Intelligence.
– With millions of people now suddenly working from home because of COVID-19’s impact, collaboration tools are witnessing considerable spikes in demand. Microsoft revealed its Microsoft Teams’ collaboration and communication service had seen a 775% increase in monthly users in Italy, where social-distancing measures or shelter-in-place orders have been enforced. Companies such as Ernst & Young, SAP, Continental AG, and Accenture, which together have over 440,000 employees are using Microsoft Teams.
Regional Analysis For Collaborative Whiteboard Software Market:
For the comprehensive understanding of market dynamics, the global Collaborative Whiteboard Software Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Key Market Trends
The outbreak of COVID-19 is expected to increase the usage of team collaborative Whiteboard Softwares
– With the outbreak of COVID-19 in various countries globally, many governments to curb the virus governments announced lockdown of the whole which include the United States, major European countries and the even Asia Pacific countries such as China, India, and Singapore due to which many organizations and educational institutions are promoting the usage of collaborative whiteboards as employees and students tend to work from home during the crisis.
– The surges in the adoption of web conferences among enterprises owing to increasing demand for visual meetings, which saves traveling time for organizations, growing user comfort, and rising access to high-quality internet connections are other factors that drive the market in this region.
– Microsoft Teams, a team collaboration software from Microsoft, witnessed a 40 percent increase in demand due to adjustment of the businesses to remote work and school closures, which required the adoption of e-learning techniques. Microsoft’s even launched new Teams features are designed to improve remote meetings as they become the default work mode rather than the pre-pandemic exception.
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Competitive Landscape –
The collaborative whiteboard software Market is moderately consolidated. The top players in the market occupy the majority of the market share. Further, existing players already have their customer base who generally don’t switch to new players, and new players do face immense competition from the already established players in the market.
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