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North America Team Collaboration Software Market Forecast 2019-2028

KEY FINDINGS
The North America team collaboration software market is anticipated to grow at a CAGR of 7.44% over the projected period of 2019-2028. One of the crucial factors boosting the market growth in the region is the rise in the usage of social media platforms.

MARKET INSIGHTS
In order to understand the growth of the North America team collaboration software market further, the region is segmented into the countries of the United States and Canada. In Canada, 82% of the employees work remotely, which gives them the freedom to be engaged while maintaining a healthy work-life balance. Many companies have introduced the BYOD policy, which provides financial and operational benefits. The surge in cloud-based technology, coupled with the usage of social media platforms, are augmenting team collaboration market growth in the region. In Canada, cloud technology providing affordable solutions is widely accepted by all the businesses presently. Cloud computing not only enables the model to function anytime and from anywhere, but also allows organizations to combine additional infrastructure technologies to create firm and highly secure platforms. Canada has a highly developed e-commerce infrastructure that is closely integrated with that of the United States, and uses much of the same equipment as in the US for broadband internet access. Internet retailing is steering the growth of the consumer products markets. Also, the rising health and wellness trend has stimulated the development of high-end grocery sales, contributing to the growth of the retail market. The retailers are emphasizing on merging online and offline strategies, leading to a surge in demand for better communication between the staff to ensure the seamless customer experience.

COMPETITIVE INSIGHTS
Adobe Systems Incorporated, Avaya Inc, Cisco Systems, Inc, AT&T, Inc, OpenText Corporation, etc. are some of the well-established players operating in the region.

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North America Team Collaboration Software Market Forecast 2019-2028
Published By :Inkwood Research
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