Collaboration software market size worldwide 2015-2023

Worldwide market revenues from collaboration software have been increasing in recent years, increasing from around seven billion U.S. dollars in 2015 to just under 12 billion in 2020. The market revenue from collaboration software is forecast to keep increasing, reaching about 13.58 billion U.S. dollars in 2023. 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 2015 to 2023

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Sources

Release date

December 2019

Region

Worldwide

Survey time period

2015 to 2018

Supplementary notes

*Forecast

For this statistic, values from 2019 to 2022 were rounded after being calculated using a CAGR of 4.3 percent, based on data provided by the source

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