Collaborative Whiteboard Software Market Size Opportunities, Share, Emerging Trends, Technological Innovation And Forecasts

Global collaborative whiteboard software market was valued USD 1806.30 Billion and is forecast to grow at 9.53% CAGR during the forecast period. The global collaborative whiteboard software market is driven by the growing popularity of the software among the project management and design teams. Additionally, special features such as ease of annotations & editing, content sharing from anywhere to any device, among others associated with collaborative whiteboard software is further expected to propel the growth of market until the next few years. Furthermore, technological advancements in the existing software and new software launches with advanced features by the major players is expected to spur the growth of market over the next few years.

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The global collaborative whiteboard software market can be segmented based on type, deployment mode, operating system, organization size, application, company and region. Based on organization size, the market can be bifurcated into large enterprises and SMEs. The large enterprises segment is expected to dominate the market with share of 63.60% in 2019 owing to the widespread use of collaborative whiteboard software in large enterprises for business meetings, team collaborations, among others.

Regionally, the collaborative whiteboard software market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the market during forecast period. This can be attributed to the early adoption and advancements in technologies in the region.

Major players operating in the global collaborative whiteboard software market include Cisco Systems Inc, InVisionApp, Miro, MURAL, ezTalks, Explain Everything, BeeCanvas, Stormboard, Bluescape, AWW App, Limnu, Google Jamboard, Conceptboard, SimpleDiagrams, Groupboard, SMART Technologies Inc., Deekit, Twiddla and ZiteBoard. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments

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