Document-Centric Collaboration Software Market
Global Document-Centric Collaboration Software Market Size, Share & Trends Analysis Report by Deployment (Cloud-Based and On-Premises) by Application (BFSI, Healthcare, IT & Telecommunication, Public Sector, and Others) Forecast Period 2022-2028
The global document-centric collaboration software market is anticipated to grow at a CAGR of 6.9% during the forecast period (2022-2028). The increasing focus of business organizations on increasing their productivity and efficiency has boosted the demand for such software leading to the market growth. The document-centric collaboration software offers functionality that supports team collaboration and boosts the results of their collateral. Its benefits can be seen in wide areas which include version control and real-time collaboration, document storage, and sharing, and document review which further helps in collecting accurate, in-context feedback from every stakeholder (internal and external). Such features provided by document-centric collaboration software boost accountability, speed things up and enhance the results of project, which in turn drive their demand in medium and big-size organizations. However, the management and maintenance of a large volume of different file formats is the major challenge associated with this software that can restrain its adoption on a wider level and among small business organizations.
The document-centric collaboration software market has registered growth owing to the COVID-19 pandemic. Due to restrictions on mobility, and the lockdown imposed by the government organizations across the globe were using online collaboration tools to get connect effectively with colleagues and to increase productivity. This made the adoption of such software on a larger level which led to the increase in demand during the pandemic.
Segmental Outlook
The global document-centric collaboration software market is segmented based on deployment and application. Based on deployment, the market is segmented into cloud-based, and on-premises. Among these, cloud-based document-centric collaboration software is projected to gain a significant share in the market owing to the features offered by the cloud-based document-centric collaboration software such as real-time editing functionality, offers cloud storage and file sharing solutions for documents remotely, and others. Based on application, the market is further classified into BFSI, healthcare, IT and telecommunication, public sector, and others.
Based on application, the IT & telecommunication segment in the document-centric collaboration software market is going to hold the considerable share during the forecast period. The software has gained importance in IT as its supports enhancing overall productivity and efficiency while ensuring the security and backup availability of documents. This makes it extremely easy for team members, irrespective of their location to access information.
Regional Outlook
Geographically, the global document-centric collaboration software market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). The Asia-Pacific region is predicted to be the rapidly growing market for document-centric collaboration software.
Global Document-Centric Collaboration Software Market Growth By Region, 2022-2028
North America Region Expected to Hold Highest Share in the Global Document-Centric Collaboration Software Market
Geographically, the North American region is predicted to hold the highest share in the market during the forecast period. The presence of prominent market players such as IBM Corporation, OpenText, Microsoft Corporation, 5i Solution, and others is the key factor in the region showing an impressive growth rate. The rising focus and contribution of these companies towards the development of advanced and cost-effective collaboration software for all types of business organizations with additional benefits enhancing the overall market growth. For instance, IBM Content Manager Enterprise Edition 8.7 provides new features and enhanced functionality that support easier integration with data repositories. Moreover, the company also offers another content management solution, Content Manager for z/OS which enables organizations to manage the growing volume of enterprise content that is required to run critical business and support document-centric business processes on a variety of operating system platforms. Considering such development, considerable growth can be expected in the region during the forecast period.
Market Players Outlook
The key players in the document-centric collaboration software market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players in the market include IBM Corp, Microsoft Corp, and OpenText Corp, among others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others. For instance, in February 2022, IBM and SAP partnered to provide technology and consulting expertise to clients to embrace a hybrid cloud approach and move mission-critical workloads from SAP solutions to the cloud for regulated and non-regulated industries.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global document-centric collaboration software market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Document-Centric Collaboration Software Industry
• Recovery Scenario of Global Document-Centric Collaboration Software Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Document-Centric Collaboration Software Market by Deployment
5.1.1. Cloud-Based
5.1.2. On-Premises
5.2. Global Document-Centric Collaboration Software Market by End-User
5.2.1. BFSI
5.2.2. Healthcare
5.2.3. IT and Telecommunication
5.2.4. Public Sector
5.2.5. Others (Legal)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. 5i Solutions Inc.
7.2. Accellion, Inc.
7.3. Alfresco Software, Inc.
7.4. Box, Inc.
7.5. Huddle (Ideagen Limited)
7.6. IBM Corporation
7.7. Intralinks, Inc.
7.8. Microsoft Corp
7.9. Newgen Software Technologies, Inc.
7.10. Open Text Corp.
7.11. Savvydox
7.12. SpringCM
1. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD-BASED DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
5. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN PUBLIC SECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. NORTH AMERICAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
13. NORTH AMERICAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
14. EUROPEAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. EUROPEAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
16. EUROPEAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. REST OF THE WORLD DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. REST OF THE WORLD DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
22. REST OF THE WORLD DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
2. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SHARE BY END-USER, 2021 VS 2028 (%)
3. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL CLOUD-BASED DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
5. GLOBAL ON-PREMISES DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
6. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
7. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN BFSI MARKET SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
8. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN HEALTHCARE MARKET SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
9. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN IT & TELECOMMUNICATION MARKET SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
10. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN PUBLIC SECTOR MARKET SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028(%)
11. GLOBAL DOCUMENT-CENTRIC COLLABORATION SOFTWARE IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. US DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
14. UK DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD DOCUMENT-CENTRIC COLLABORATION SOFTWARE MARKET SIZE, 2022-2028($ MILLION
