Collaborative Work Management Industry Statistics

The Collaborative Work Management industry is expected to see rapid growth, with the market size projected to reach $9.2 billion by 2024.

Statistic 1

"The global collaboration software market size was valued at $8.9 billion in 2019."

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Statistic 2

"The market is projected to expand with a CAGR of 10.4% from 2020 to 2027."

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Statistic 3

"North America accounted for a dominant share in the collaboration software market in 2019."

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Statistic 4

"Microsoft, Cisco Systems, Citrix Systems, IBM, and Zoho spearheaded the collaboration software market as of 2019."

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Statistic 5

"Roughly 83% of professionals depend on technology to collaborate."

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Statistic 6

"Around 86% of employees and executives cite lack of collaboration or ineffective communication for workplace failures."

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Statistic 7

"Teams that communicate regularly, increase their projects' success rates by 17%."

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Statistic 8

"By 2025, 36.2 million Americans will be working remotely accounting for 22% of the workforce."

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Statistic 9

"Collaboration applications market revenue worldwide is projected to reach 59.86 billion U.S. dollars in 2023."

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Statistic 10

"Mid-sized organizations with 500-999 employees most frequently use collaboration technology tools."

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Statistic 11

"Salesforce, Microsoft Office 365, G Suite and AWS are some of the most used collaboration tools."

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Statistic 12

"Tools for collaboration hold the most significant allocation in IT budgets, at a value of 11.37% in 2021, increasing from 10.34% in 2020."

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Statistic 13

"49% of businesses intend to increase technology spending on collaboration tools in 2021."

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Statistic 14

"Around 57% of staff say they’re more productive when they use a collaboration tool."

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Statistic 15

"72% of workers say they’re more likely to stay with their current employer because of the collaborative culture."

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Statistic 16

"Visual collaboration software in the enterprise sector accounted for more than 60% of the revenue share in 2019."

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