Collaborative Whiteboard Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

The collaborative whiteboard software market share is expected to rise to USD 2.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 18.8%. This collaborative whiteboard software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The collaborative whiteboard software market report also offers information on several market vendors, including 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. among others. Furthermore, this report extensively covers collaborative whiteboard software market segmentation by the following;

• Deployment - On-premise and cloud
• Geography - North America, APAC, Europe, South America, and Middle East and Africa

What will the Collaborative Whiteboard Software Market Size be During the Forecast Period?

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Collaborative Whiteboard Software Market: Key Drivers, Trends, and Challenges

The growing focus on the remote working model is notably driving the collaborative whiteboard software market growth, although factors such as issues associated with data privacy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the collaborative whiteboard software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Collaborative Whiteboard Software Market Driver

• 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.
• 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. 

Key Collaborative Whiteboard Software Market Trend

• 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.
• 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.

Key Collaborative Whiteboard Software Market Challenge

• 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.
• 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.

This collaborative whiteboard software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global collaborative whiteboard software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the collaborative whiteboard software market during the forecast period.

Who are the Major Collaborative Whiteboard Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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
• Zoom Video Communications Inc.

 

This statistical study of the collaborative whiteboard software market encompasses successful business strategies deployed by the key vendors. The collaborative whiteboard software market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

• Alphabet Inc. - The company offers collaborative whiteboard software named Jamboard, through its subsidiary Google LLC.
• Alphabet Inc. - Under the Google services segment, the company includes products and services such as Google Ads, Android, Chrome, Google Maps, Google Play, Search, YouTube, and hardware.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The collaborative whiteboard software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Collaborative Whiteboard Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the collaborative whiteboard software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Collaborative Whiteboard Software Market?

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37% of the market's growth will originate from North America during the forecast period. The US is the key market for collaborative whiteboard software in North America. Market growth in this region will be faster than the growth of the market in South America and Europe.

The rising adoption of collaborative whiteboard software by enterprises that offer improved features, such as communication coordination tools, web conferencing, and collaboration portals will facilitate the collaborative whiteboard software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, with the outbreak of COVID-19 in different countries, including the US, Canada, and Mexico, governments of various countries in the region announced lockdowns to curb the spread of the disease. This, in turn, resulted in several organizations and institutions promoting the utilization of team collaborative whiteboard software, as employees started working from home during the crisis. Thus, during the forecast period, a rise in startups offering collaborative whiteboard software is expected to drive the growth of the regional market in focus.

What are the Revenue-generating Deployment Segments in the Collaborative Whiteboard Software Market?

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The collaborative whiteboard software market share growth by the on-premise segment will be significant during the forecast period. The adoption of on-premises enterprise application software requires investments in product purchases, installation, maintenance, and upgrades. Furthermore, organizations need to incur investments in training an in-house IT workforce to support users of the software. This model is more secure than cloud solutions, which will drive the growth of the segment in the coming years as organizations mainly deal with critical data, so they are increasingly relying on the on-premises model.

This report provides an accurate prediction of the contribution of all the segments to the growth of the collaborative whiteboard software market size and actionable market insights on post COVID-19 impact on each segment.

 

Collaborative Whiteboard Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 18.8%
Market growth 2022-2026	$ 2.35 billion
Market structure	Fragmented
YoY growth (%)	17.57
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, Japan, China, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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 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 report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Collaborative Whiteboard Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive collaborative whiteboard software market growth during the next five years
• Precise estimation of the collaborative whiteboard software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the collaborative whiteboard software industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of collaborative whiteboard software market vendors

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