Market Research Report
Document-Centric Collaboration Software
|Document-Centric Collaboration Software|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 138 Pages
Delivery time: 1-2 business days
Global Document-Centric Collaboration Software Market to Reach $2.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Document-Centric Collaboration Software estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at aCAGR of 8.7% over the period 2020-2027. Cloud, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $395.2 Million, While China is Forecast to Grow at 8.1% CAGR
The Document-Centric Collaboration Software market in the U.S. is estimated at US$395.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$413.2 Million by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
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