Albany, NY -- (SBWire) -- 02/14/2019 --Now-a-days, cloud based collaboration software tools has gained huge traction among enterprises. It is also broadening into a collaboration platform with some advanced competencies such as direct messaging capabilities, notification & alert, and document sharing. In enterprises, cloud base collaboration software is implemented to enable users to communicate effectively, which will help to eliminate application sluggishness associated while using multiple communication application.

Cloud based collaboration software plays a vital role in the software industry, as it is especially popular with software developers supporting source code and holding formatting of different kind of programming languages. Cloud based collaboration software also offers integration with several third party services including Google drive and drop box.

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Cloud Based Collaboration Software:Drivers and Challenges

Enterprises are implementing cloud based collaboration software services such as software-as-a-service (SaaS) which is turning to be the major factor driving the growth of market. Moreover, enterprises are focusing on implementation of cloud based collaboration software to improve their operational efficiency owing to growing trend of mobility and bring your own devices (BYOD).The major advantage of cloud based collaboration software is to ensure all documentations are kept within same workplace to avoid keeping track of different versions of attachments. Moreover, workforce productivity and low cost are another major factors driving the market of cloud based collaboration software in positive manner.

Lack of data security and high internet dependency is one of the major restraints faced by vendors in cloud based collaboration software market.

Cloud Based Collaboration Software: Segmentation

Segmentation on the basis of deployment model:

- Public cloud
- Private cloud
- Hybrid cloud

Segmentation on the basis of service:

- Software-as-a-service (Saas)
- Platform-as-a-service (Paas)
- Consulting
- Maintenance and support

Segmentation on the basis of solution:

- Document management system
- Project and team management
- Enterprise social collaboration

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Segmentation on the basis of enterprise size:

- Small and medium enterprises
- Large enterprises

Segmentation on the basis of vertical:

- IT and Telecom
- BFSI
- Retail
- Government
- Manufacturing
- Media and Entertainment
- Others

Cloud Based Collaboration Software: Key Players

Some of the key players in the slack software market are: Microsoft Corp., Google, Slack technologies Inc., Aspect software, Cisco systems, Oracle, Salesforce.com Inc., Jive software Inc., Mitel Networks Corporation and Box Inc
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Cloud Based Collaboration Software: Regional Overview

Presently, North America region is holding the largest market share of cloud based collaboration market owing to the presence of large number of cloud-based solution provider.

In Europe and APAC region, the market of cloud based collaboration software is growing exponentially as there is rise in technology penetration and enterprises are focusing to offer better customer experience to gain competitive advantage.

The report covers exhaustive analysis on:

- Cloud Based Collaboration Software Market Segments
- Cloud Based Collaboration Software Market Dynamics
- Historical Actual Market Size, 2012- 2016
- Cloud Based Collaboration Software Market Size & Forecast 2017 To 2027
- Supply & Demand Value Chain
- Cloud Based Collaboration Software Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Cloud Based Collaboration Software Technology
- Cloud Based Collaboration Software Value Chain
- Cloud Based Collaboration Software Market Drivers and Restraints

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Regional analysis for Cloud Based Collaboration Software Market includes

- Cloud Based Collaboration Software Market by North America
- Cloud Based Collaboration Software Market by Latin America
- Cloud Based Collaboration Software Market by Western Europe
- Cloud Based Collaboration Software Market by Eastern Europe
- Cloud Based Collaboration Software Market by Asia Pacific
- Cloud Based Collaboration Software Market by Japan
- Cloud Based Collaboration Software Market by the Middle East and Africa

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

- Tailwinds and headwinds molding the market's trajectory
- Market segments based on products, technology, and applications
- Prospects of each segment
- Overall current and possible future size of the market
- Growth pace of the market
- Competitive landscape and key players' strategies

The main aim of the report is to:

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- Understand the opportunities and pitfalls awaiting them
- Assess the overall growth scope in the near term
- Strategize effectively with respect to production and distribution

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