Growing popularity of the software among the project management and design teams is driving the adoption of the collaborative whiteboard software across the globe in the forecast period.
According to TechSci Research report, “Collaborative Whiteboard Software Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”. The global Collaborative Whiteboard Software market is being driven on account of the rising demand for reduced meeting timings, increased productivity during meetings, and shared content collaboratively through easy-to-use technology. With the increasing reliance on remote working, the organisation requires the proper tools for team collaboration in order to optimize processes. As a result, rising global remote working trends adopted by various organizations are propelling the studied market’s growth. Collaborative whiteboard software offers a shared, singular, and open design space where collaborators can simultaneously share and edit content from their respective devices. A collaborative whiteboard tool is frequently similar to a physical whiteboard. The collaborative solutions include a variety of features that enable users to create, communicate, save, and share content in a personalized environment.
Because of the COVID-19 outbreak, numerous organizations have adopted a remote working strategy. Prior to the COVID-19 pandemic, remote working was one of the organization’s fastest growing trends, owing to numerous benefits such as cost savings in terms of fixed operating costs and improved work-life balance for employees, among others. Following the COVID-19 outbreak, the number of employees working remotely has increased at an exponential rate, globally. Adoption of collaborative whiteboard software solutions is gaining traction by putting a strain on communication and collaboration tools without sacrificing productivity. Overall, the market for collaborative whiteboard software is expected to grow significantly in the post-pandemic period. Following the global economic opening, many organizations wished to adopt a partial or complete remote working culture.
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The collaborative whiteboard software solutions benefit the organization in real-time collaboration that includes increasing productivity, effective user adaptation, having up-to-date information, knowledge sharing, and instant feedback. Improved scheduling is another advantage of collaboration whiteboard software. Across organizations, a lack of scheduling can waste a large percentage of employees’ work time. Businesses that plan and schedule their goals and activities accomplish more and are more efficient. Daily, weekly, and monthly scheduling enables teams to efficiently organize their workflows. According to a survey conducted by Gitlab in 2020 among 3,000 respondents across various industries, 35% of respondents said they work remotely occasionally, 33% said they work remotely frequently, and 16% said they work remotely very frequently. Another 16% stated that they work entirely remotely.
Based on type, the market is divided into Visual and List-Based. Based on deployment mode, the market is segmented into on-premises and cloud. Based on operating system, the market is fragmented into windows and iOS. Based on organization size, the market is segmented into large enterprises and SMEs. Based on application, the market is fragmented into business meetings, team collaborations and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Large enterprises have a significantly higher user base to leverage other enterprise solution offerings for integrating the solution as part of the bundle or separately. The growing number of new players is further intensifying the competitive space. Because of the increasing demand for these solutions and services, the market for both legacy and newer players is quite active. While several key technology companies pioneered this space, the market has seen the rise of a number of niche players who are providing fierce competition to the category leaders by offering more features, competitive pricing, and integration with the existing suite of applications.
Key market players in the Collaborative Whiteboard Software market include:
- Alphabet Inc.
- Cisco Systems Inc.
- Conceptboard Cloud Service GmbH
- Expat Software
- GroupMap Technology Pty. Ltd.
- InVisionApp Inc.
- Lucid Software Inc.
- Microsoft Corporation
- SHENZHEN EDRAW SOFTWARE Co. LTD.
- Zoom Video Communications Inc.
Recent Advancements
- Cisco unveiled new hybrid work solutions in Webex in March 2022, allowing businesses to prioritize people. Webex Calling has reached a new milestone of 6.0 million users as businesses adopt leading enterprise cloud calling to scale their operations globally.
- By introducing Freehand in March 2022, InVision and Kanban boards collaborated to make workflows more agile. Setting up a Kanban board has become easier, and users can easily create a freehand board and customize it to meet the needs of the teams.
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“The Asia-Pacific collaborative whiteboard software market is projected to grow at a high CAGR during the forecast period as the region is emerging and one of the fastest-growing regional markets for collaborative whiteboard software, along with the increasing adoption of advanced technologies and the internet. Ongoing rapid evolution in communication technology, digital media, digital technologies, and interactive meetings on online platforms, coupled with the need to enhance business continuity during the COVID-19 pandemic as employees are working remotely, is anticipated to surge the demand for collaborative whiteboard software in Asia-Pacific during the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Collaborative Whiteboard Software Market Segmented By Type (Visual, List-Based), By Deployment Mode (On-Premises, Cloud), By Operating System (Windows, iOS), By Organization Size (Large Enterprises, SMEs), By Application (Business Meetings, Team Collaborations, Others), By Region, Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Collaborative Whiteboard Software and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Collaborative Whiteboard Software Market.
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