Collaboration software market size worldwide 2015-2026

Worldwide market revenues from collaboration software have been increasing in recent years, increasing from around seven billion U.S. dollars in 2015 to nearly 19 billion in 2021. The market revenue from collaboration software is forecast to keep increasing, reaching about 21 billion U.S. dollars in 2026. 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.