Enjoy complimentary customisation on priority with our Enterprise License!
The collaborative whiteboard software market size is forecast to increase by USD 2.31 billion, at a CAGR of 18.51% between 2023 and 2028. In today's business landscape, the trend toward remote work and global collaboration is on the rise. With teams spanning continents, effective communication and project management have become essential. Enter collaborative whiteboard software, a key offering that streamlines the process. This innovative tool allows team members to work together in real-time, enabling frequent and productive brainstorming sessions. Its intuitive interface facilitates the organization and sharing of ideas, ensuring that projects progress smoothly despite geographical barriers. By fostering a more collaborative and efficient work environment, this software is an indispensable asset for modern businesses.
For More Highlights About this Report, Request Free Sample
Microsoft Teams is a leading platform enhancing real-time collaboration for design teams and other professional groups. Partners like Ernst & Young, The Conference Board, and companies such as Flexera Software and Pivotal leverage this tool to improve content sharing and annotations, fostering efficient remote working environments. Artificial Intelligence and technological advances play a pivotal role in streamlining communication tools, thereby boosting productivity and supporting user adaptation. With solutions from Crayon, InVision, Freeform, and FreehandsOn, teams benefit from enhanced design capabilities and seamless communication tools. These innovations not only offer cost-saving opportunities but also contribute to a better work-life balance by integrating effective remote working practices. Embracing these advanced tools supports design teams in achieving higher efficiency and flexibility, ultimately driving organizational success.
One of the key factors driving the global collaborative whiteboard software industry growth is the growing focus on the remote working model. The requirement for cloud-based software to effectively and efficiently share and collaborate and to guarantee enterprise-wide seamless communication is rising as the number of people working remotely increases. The outbreak of COVID-19 prompted enterprises to ramp up their adoption of communication tools, which enables enterprises to connect and communicate with their employees remotely while guaranteeing their safety.
Moreover, the organizations are looking forward to the post-pandemic era and considering implementing a hybrid working culture, which will accelerate the adoption of whiteboard software. The work-from-home model is gaining popularity among small- and medium-sized businesses and startups, which will further boost the growth of the market during the forecast period.
Growing use of cloud-based collaborative software is one of the key collaborative whiteboard software market trends that is expected to impact the industry positively in the forecast period. Organizations, including small and medium enterprises, focus on reducing their CAPEX by adopting new technologies. The adoption of collaborative whiteboard software, combined with cloud services, helps organizations manage large volumes of data such as video and audio-conferencing data and data transmitted across the network.
Moreover, the deployment of cloud-based collaborative whiteboard software helps organizations save costs on hardware and software. The solutions also reduce IT maintenance complexity and increase the range of information accessing channels. Microsoft Corp., Slack Technologies Inc., and Google LLC are the leading providers of cloud-based collaborative whiteboard software. The rising adoption of cloud-based collaborative whiteboard software will further support the market in the forecast years.
One of the key challenges to the global collaborative whiteboard software industry growth is the issues associated with data privacy. The cloud has become an integral part of IT in government agencies. Federal, state and local government agencies worldwide are moving their sensitive employee data to the cloud as it provides improved information and communication management with centralized data storage and high-speed networks.
However, the organizations have less control over data as they become more dependent on the cloud computing service provider. Many end-users are also concerned about the data security policies governing cloud-based solutions because cloud storage acts as a gateway for security threats and privacy issues. The data security-related concerns may hinder the growth of the market in focus during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alphabet Inc. - The company offers collaborative whiteboard software named Jamboard, through its subsidiary Google LLC.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The on-premise segments is estimated to witness significant growth during the forecast period. The on-premises deployment of the global collaborative whiteboard software market is expected to grow at a nominal rate during the forecast period. Most corporates incorporated on-premises collaborative whiteboard software. The presence of technical staff in the company helps them in installing and using the collaborative whiteboard software that is suitable and useful. The availability of in-house technical expertise saves the cost of outsourcing the services to third-party solution providers.
Get a glance at the market share of various regions Download the PDF Sample
The on-premise segment accounted for USD 697.40 million in 2018 and showed a gradual increase during the forecast period. However, the growth momentum of the on-premises model is fluctuating in nature due to high switching costs from on-premises to the cloud-based model. The emergence of SMEs, innovations in data security, inherent cost-effectiveness, and flexibility of the cloud-based model are expected to drive the adoption of cloud technologies during the forecast period, which is expected to reduce the market share of the on-premises model eventually during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2023, North America dominated the collaborative whiteboard software market with the largest market share, and it is expected to continue its dominance during the forecast period. The growth of this regional segment is mainly due to the rising adoption of collaborative whiteboard software by enterprises that offer improved features, such as communication coordination tools, web conferencing, and collaboration portals, which is anticipated to create a positive impact on the regional market. Moreover, the increase in the acceptance of web conferences among enterprises due to the rising demand for visual meetings, which saves traveling time for organizations, increasing access to high-quality internet connections, and growing user comfort are propelling the growth of the regional market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
You may also interested in below market reports:
1. Europe Interactive Whiteboard Market Analysis Europe - Size and Forecast
2. Interactive Whiteboard Market Research Report by End-user, Technology, Geography Forecast
3. Interactive Flat Panels Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, UK, China, Germany, Japan - Size and Forecast
Team collaboration technologies are revolutionizing the workplace by driving productivity improvements through automation and enhanced information technology. Innovations such as T1V, HubVC, and ThinkHub offer advanced solutions for knowledge sharing and instant feedback, facilitating seamless scheduling and efficient workflows. Tools like Groupboard and Freehand, along with Surface Hub 2S, Surface Hub 2 Pen, and Surface Hub 2 Camera, are integral to modern business strategy and user adaptation. Influential figures like Dave Gray and Steph Cruchon contribute valuable insights into leveraging these technologies effectively. The recent merger of leading companies in this space underscores the growing importance of team collaboration technologies in shaping the future of groupboard and surface hub applications. These advancements not only streamline groupboard operations but also align with strategic business goals, enhancing overall productivity and efficiency.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
134 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 18.51% |
|
Market growth 2024-2028 |
USD 2.31 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
15.88 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 39% |
|
Key countries |
US, Japan, China, UK, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Alphabet Inc., Cisco Systems Inc., Conceptboard Cloud Service GmbH, Expat Software, Explain Everything Inc., ezTalks, GroupMap Technology Pty. Ltd., IBV Informatik Beratungs und Vertriebs AG, InVisionApp Inc., Limnu, Lucid Software Inc., Microsoft Corp., RealtimeBoard Inc. dba Miro, SHENZHEN EDRAW SOFTWARE Co. LTD., Stormboard, Stream LLC dba Bluescape, Tactivos Inc. dba MURAL, Vizetto, Ziteboard, and Zoom Video Communications Inc. |
|
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
