Team Collaboration Tools Market Share

Market Share of Team Collaboration Tools Industry

The team collaboration tools market is moderately consolidated. The top competitors hold the majority of the market share. Additionally, established players in the industry under study already have a client base that typically does not migrate to new competitors. New players face fierce rivalry from established players. Some significant players include Microsoft Corporation, Slack Technologies Inc., Asana Inc., and Smartsheet Inc.

• July 2022: Microsoft Corporation has announced new collaboration tools for team video calling platforms. Microsoft has introduced the live share feature that allows users to "collaborate on certain content within the teams meeting window," where members and participants in the meeting can edit the workbooks simultaneously with other people on the call.

Team Collaboration Tools Market Leaders

1. Microsoft Corporation

2. Slack Technologies Inc.

3. Smartsheet Inc.

4. Asana Inc.

5. Atlassian Corporation PLC

*Disclaimer: Major Players sorted in no particular order