Product Code: A14622
According to a new report published by Allied Market Research, titled, "Communication Software Market," The communication software market was valued at $1 billion in 2021, and is estimated to reach $2.6 billion by 2031, growing at a CAGR of 10.3% from 2022 to 2031.
Communication software refers to computer programs or applications that enable users to communicate with one another electronically. This includes messaging, voice and video calling, email, file sharing, and other forms of communication. Examples of communication software include instant messaging applications such as WhatsApp, Slack, and Telegram; video conferencing software such as Zoom and Skype; email clients such as Microsoft Outlook and Gmail; and collaboration tools such as Google Drive and Dropbox.
The market for communication software is mainly influenced by the rising demand for video conferencing and virtual meeting solutions. Businesses have to swiftly adjust to the new reality of virtual collaboration as a result of the COVID-19 pandemic, which has expedited the adoption of remote work. For organizations to sustain efficiency and communication among distant staff, communication software has become a crucial tool. Teams can interact in real-time, share ideas, and discuss projects without having to hold physical meetings due to video conferencing and virtual meeting technologies. In addition to video conferencing, communication software also includes email, instant messaging, project management systems, and other technologies that support successful communication and collaboration amongst remote teams.
Communication software typically relies on high-speed internet connectivity to function effectively, and if this is not available, the software may not be able to perform as intended or may not be accessible at all. This can be particularly challenging in regions with limited internet infrastructure or where access to high-speed internet is limited due to factors such as geography, economic conditions, or political instability. In such regions, individuals and businesses may not be able to fully leverage the benefits of communication software, such as improved collaboration, remote work capabilities, and reduced communication costs.
The market for communication software has a sizable opportunity due to the expanding usage of video conferencing. In recent years, video conferencing technology has evolved and become more widely available, leading to a rise in its use across a variety of sectors and corporate sizes. With video conferencing, remote teams can collaborate and communicate more effectively, which boosts productivity and lowers travel expenses. The need for video conferencing software is set to increase as companies look for more effective and affordable methods to cooperate and communicate.
The COVID-19 pandemic has had significant impacts on the market for communication software. The need for communication software has rapidly expanded with the acceptance of remote work and virtual collaboration. Due to the need for businesses of all sizes to move their activities online, there is a rising need for software that facilitates communication and cooperation among distant workers. The market's move towards cloud-based communication platforms has been one of COVID-19's most important effects on the market for communication software. A number of advantages, including simplicity of use, scalability, and accessibility from any location with an internet connection, are provided by cloud-based systems. So as to assist their remote workers, organizations are increasingly relying on cloud-based solutions. Video conferencing software has been one of the fastest-growing segments of the communication software market during the pandemic.
The key players profiled in this report include: Nudge Rewards Inc., GuideSpark, Beekeeper AG, Sociabble, Inc.,SocialChorus. Inc., Poppulo, OurPeople, Smarp, theemployeeapp, and Workvivo Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the communication software market analysis from 2021 to 2031 to identify the prevailing communication software market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the communication software market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global communication software market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Deployment Model
By Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
By Industry Vertical
- BFSI
- Manufacturing
- Retail
- Healthcare
- IT and Telecom
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players:
- Beekeeper AG
- GuideSpark
- Nudge Rewards Inc.
- OurPeople
- Poppulo
- Smarp
- Sociabble, Inc.
- SocialChorus. Inc.
- theemployeeapp
- Workvivo Limited
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Average Selling Price
- 3.7. Brand Share Analysis
- 3.8. Key Regulation Analysis
- 3.9. Market Share Analysis
- 3.10. Patent Landscape
- 3.11. Regulatory Guidelines
- 3.12. Value Chain Analysis
CHAPTER 4: COMMUNICATION SOFTWARE MARKET, BY DEPLOYMENT MODEL
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. On-Premises
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Cloud
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: COMMUNICATION SOFTWARE MARKET, BY ENTERPRISE SIZE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Large Enterprises
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Small and Medium Enterprises
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: COMMUNICATION SOFTWARE MARKET, BY INDUSTRY VERTICAL
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. BFSI
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Manufacturing
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Retail
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Healthcare
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. IT and Telecom
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: COMMUNICATION SOFTWARE MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Deployment Model
- 7.2.3. Market size and forecast, by Enterprise Size
- 7.2.4. Market size and forecast, by Industry Vertical
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Deployment Model
- 7.2.5.1.3. Market size and forecast, by Enterprise Size
- 7.2.5.1.4. Market size and forecast, by Industry Vertical
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Deployment Model
- 7.2.5.2.3. Market size and forecast, by Enterprise Size
- 7.2.5.2.4. Market size and forecast, by Industry Vertical
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Deployment Model
- 7.2.5.3.3. Market size and forecast, by Enterprise Size
- 7.2.5.3.4. Market size and forecast, by Industry Vertical
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Deployment Model
- 7.3.3. Market size and forecast, by Enterprise Size
- 7.3.4. Market size and forecast, by Industry Vertical
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Deployment Model
- 7.3.5.1.3. Market size and forecast, by Enterprise Size
- 7.3.5.1.4. Market size and forecast, by Industry Vertical
- 7.3.5.2. UK
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Deployment Model
- 7.3.5.2.3. Market size and forecast, by Enterprise Size
- 7.3.5.2.4. Market size and forecast, by Industry Vertical
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Deployment Model
- 7.3.5.3.3. Market size and forecast, by Enterprise Size
- 7.3.5.3.4. Market size and forecast, by Industry Vertical
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Deployment Model
- 7.3.5.4.3. Market size and forecast, by Enterprise Size
- 7.3.5.4.4. Market size and forecast, by Industry Vertical
- 7.3.5.5. Italy
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Deployment Model
- 7.3.5.5.3. Market size and forecast, by Enterprise Size
- 7.3.5.5.4. Market size and forecast, by Industry Vertical
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Deployment Model
- 7.3.5.6.3. Market size and forecast, by Enterprise Size
- 7.3.5.6.4. Market size and forecast, by Industry Vertical
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Deployment Model
- 7.4.3. Market size and forecast, by Enterprise Size
- 7.4.4. Market size and forecast, by Industry Vertical
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Deployment Model
- 7.4.5.1.3. Market size and forecast, by Enterprise Size
- 7.4.5.1.4. Market size and forecast, by Industry Vertical
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Deployment Model
- 7.4.5.2.3. Market size and forecast, by Enterprise Size
- 7.4.5.2.4. Market size and forecast, by Industry Vertical
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Deployment Model
- 7.4.5.3.3. Market size and forecast, by Enterprise Size
- 7.4.5.3.4. Market size and forecast, by Industry Vertical
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Deployment Model
- 7.4.5.4.3. Market size and forecast, by Enterprise Size
- 7.4.5.4.4. Market size and forecast, by Industry Vertical
- 7.4.5.5. Australia
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Deployment Model
- 7.4.5.5.3. Market size and forecast, by Enterprise Size
- 7.4.5.5.4. Market size and forecast, by Industry Vertical
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Deployment Model
- 7.4.5.6.3. Market size and forecast, by Enterprise Size
- 7.4.5.6.4. Market size and forecast, by Industry Vertical
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Deployment Model
- 7.5.3. Market size and forecast, by Enterprise Size
- 7.5.4. Market size and forecast, by Industry Vertical
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Deployment Model
- 7.5.5.1.3. Market size and forecast, by Enterprise Size
- 7.5.5.1.4. Market size and forecast, by Industry Vertical
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Deployment Model
- 7.5.5.2.3. Market size and forecast, by Enterprise Size
- 7.5.5.2.4. Market size and forecast, by Industry Vertical
- 7.5.5.3. United Arab Emirates
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Deployment Model
- 7.5.5.3.3. Market size and forecast, by Enterprise Size
- 7.5.5.3.4. Market size and forecast, by Industry Vertical
- 7.5.5.4. South Africa
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Deployment Model
- 7.5.5.4.3. Market size and forecast, by Enterprise Size
- 7.5.5.4.4. Market size and forecast, by Industry Vertical
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Key market trends, growth factors and opportunities
- 7.5.5.5.2. Market size and forecast, by Deployment Model
- 7.5.5.5.3. Market size and forecast, by Enterprise Size
- 7.5.5.5.4. Market size and forecast, by Industry Vertical
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. Nudge Rewards Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.2. GuideSpark
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.3. Beekeeper AG
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.4. Sociabble, Inc.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.5. SocialChorus. Inc.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.6. Poppulo
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.7. OurPeople
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.8. Smarp
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.9. theemployeeapp
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.10. Workvivo Limited
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot