Global Team Collaboration Software Market Expected To Reach USD 24.02 Billion By 2028 With A CAGR Of 12.4 % | Growth Market Reports

According to a recent market study published by Growth Market Reports titled, "Team Collaboration Software Market by Deployments (On-premise and Cloud-Based), Software (Communication & Coordination and Conferencing), Applications (IT & Telecom, Retail, BFSI, Manufacturing, Healthcare, Logistics & Transportation, and Education), and Region: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 9.3 billion in 2020 and is expected to reach USD 24.02 billion by 2028, expanding at a CAGR of 12.4 % during the forecast period, 2021 – 2028. The growth of the market is attributed to rising need for visual data exchange and digitization.