Global Collaborative Whiteboard Software Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

The "Collaborative Whiteboard Software Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The collaboration whiteboard software market is expected to register a CAGR of 9.8% during the forecast period (2020-2025).

With the explosion of Kanban, Lean, and Agile frameworks for development, whiteboarding has become a well-liked tool for teamwork. Simple visualization, rapid communication, and fruitful collaboration are the cornerstones of success during this ever-changing environment.

Companies Mentioned

• Cisco Systems Inc.
• InVision
• Miro
• MURAL
• ezTalks
• Explain Everything
• BeeCanvas
• AWW App
• Bluescape
• Google Jamboard
• Microsoft Corporation
• Zoom Video Communications

Key Market Trends

The outbreak of COVID-19 is Expected to Drive the Market

With the outbreak of COVID-19 in various countries globally, many governments to curb the virus governments announced lockdown of the whole which include the United States, major European countries, and the even Asia-Pacific countries, such as China, India, and Singapore, due to which many organizations and educational institutions are promoting the usage of collaborative whiteboards as employees and students tend to work from home during the crisis.

• The surge in the adoption of web conferences among enterprises owing to increasing demand for visual meetings, which saves traveling time for organizations, growing user comfort, and rising access to high-quality internet connections, are other factors that drive the market in this region.
• Microsoft Teams, a team collaboration software from Microsoft, witnessed a 40% increase in demand due to adjustment of the businesses to remote work and school closures, which required the adoption of e-learning techniques. Microsoft's even launched new Teams features are designed to improve remote meetings as they become the default work mode rather than the pre-pandemic exception.
• In the week from March 11 to March 18, 2020, Microsoft Teams witnessed 12 million new users using its service on a daily basis. It has also seen a total of over 900 million meetings and calling minutes a day generated by 44 million daily users over the space of a single week.

North America is Expected to Hold Significant Market Share

According to ALM Media Properties, LLC, more than 58% of the working population in the United States is working from home. As remote workers and decentralized office spaces are becoming more commonplace, hosting a meeting can be tricky irrespective of how effective a video conferencing system is. Keeping participants engaged is not always easy.

• Also, the increased electronic device penetration has resulted in the high adoption of BYOD, which has forced companies to adopt cloud collaboration to address employee needs. Furthermore, the presence of prominent startups with an aggressive BYOD policy and freedom for employees has augmented the growth of the collaborative whiteboard software market.
• With the increase in competition, players are focusing on enhancing their solutions. For instance, in July 2020, Microsoft announced that it would add new features to its Microsoft Teams, to virtual interactions more organic and engaging, supporting the global shift into a more hybrid model of work, learning, and life.
• The United States witnessed the highest number of patients affected by COVID-19 at the end of March 2020, and this is also a factor for the massive surge in the usage of team collaborative whiteboard software due to the lockdowns imposed in various states of the country.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.4 Market Drivers

4.5 Market Restraints

4.6 Assessment of Impact of Covid-19 on the Industry

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Visual

5.1.2 List-based

5.2 Operating System

5.2.1 Windows

5.2.2 iOS

5.2.3 Android

5.3 Deployment Mode

5.3.1 On-premise

5.3.2 Cloud

5.4 Organization Size

5.4.1 Large Enterprises

5.4.2 SME's

5.5 Geography

5.5.1 North America

5.5.2 Europe

5.5.3 Asia-Pacific

5.5.4 Latin America

5.5.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/2s65ni

View source version on businesswire.com: https://www.businesswire.com/news/home/20201230005209/en/