Visual Collaboration Platform Software Market Outlook 2028

Visual collaboration platform software is a collaborative platform where a number of people in a team can work together on a common project with independent tasks being assigned to all the team members. The global visual collaboration platform software market is anticipated to grow with a CAGR of 17.43% during the forecast period, i.e., 2021-2028. Factors such as increasing advancements in IT technology, coupled with the growing trends of work from home amongst individuals, and the increasing globalization are anticipated to drive the market growth. The market is further projected to reach a market revenue of around USD 1670 Million by the end of 2028.

The global visual collaboration platform software market is segmented by numerous segments, which includes segmentation by type, application, and by region. Based on type, the market is segmented into cloud-based and web-based. Amongst these segments, the cloud-based segment is projected to hold the largest market share of close to 65% by the end of 2028. The market is also segmented by application into large enterprises and small & medium enterprises. Out of these, the large enterprises segment is anticipated to garner the largest market share throughout the forecast period and further touch a revenue of close to USD 1120 Million by the end of 2028.

On the basis of geographical analysis, the global visual collaboration platform service market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Out of these, the market in North America is anticipated to garner the largest market revenue of about USD 970 Million by the end of 2028 and also hold the largest market share throughout the forecast period.

Some of the prominent industry leaders in the global visual collaboration platform software market that are included in our report are Tactivos, Inc., Miro, Stormboard, Conceptboard, Deskle, DEON GmbH & Co. KG, Ziteboard, iObeya, Lucid Software Inc. and others.