Market Insights Technology Software Productivity Software

Collaboration Software - Jordan

Jordan

Revenue in the Collaboration Software market is projected to reach US$4.75m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.73%, resulting in a market volume of US$5.29m by 2028.
In global comparison, most revenue will be generated in the United States (US$7,611.00m in 2024).

Key regions: Japan, Germany, China, France, South Korea

Market

Region

Region comparison

Currency

Analyst Opinion

Collaboration software has become increasingly popular in Jordan in recent years, with more and more businesses adopting these tools to improve communication and productivity.

Customer preferences: Jordanian businesses have shown a preference for collaboration software that is user-friendly and customizable to their specific needs. They also value software that can integrate with other tools they are already using, such as email and project management platforms. Security is also a top concern for businesses in Jordan, so collaboration software with strong data protection features is highly sought after.

Trends in the market: One major trend in the collaboration software market in Jordan is the increasing adoption of cloud-based solutions. This allows businesses to access their collaboration tools from anywhere with an internet connection, which is particularly important in a country where remote work is becoming more common. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into collaboration software, which can help automate certain tasks and improve efficiency.

Local special circumstances: Jordan is home to a growing number of startups and small businesses, which make up a significant portion of the market for collaboration software. These businesses often have limited resources and need affordable software solutions that can scale with their growth. Additionally, Jordan is a multilingual country, with both Arabic and English spoken widely. Collaboration software that supports both languages is therefore in high demand.

Underlying macroeconomic factors: Jordan has made significant strides in developing its digital infrastructure in recent years, which has helped to drive the growth of the collaboration software market. The government has also implemented policies to support entrepreneurship and innovation, which has led to the rise of startups and small businesses in the country. Additionally, Jordan has a highly educated workforce, with many skilled professionals in the technology sector. This has helped to create a favorable environment for the development and adoption of collaboration software.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.