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The increased popularity of the software among project management and design teams is driving the global collaborative whiteboard software market. Special advantages connected with collaborative whiteboard software, such as ease of annotations and editing, content sharing from anywhere to any device, and others, are projected to drive market expansion in the coming years. Furthermore, technological advances in existing software and new software launches by major players with advanced capabilities drive market growth.
Artificial Intelligence's advancement and integration with team collaboration technologies are anticipated to raise demand for automation and increased communication within an enterprise. As a result of Artificial Intelligence, most firms anticipate productivity improvements and a greater emphasis on high-value work as important team benefits. For Instance, in April 2020, T1V launched their “HubVC” collaboration board to the global market. HubVC is largely intended to complement ThinkHub, the company's flagship product, by providing a lower-cost, more straightforward meeting room experience. HubVC is an easy collaboration board that can handle the three most important aspects such as wireless screen sharing, video conferencing, and whiteboarding.
COVID-19 has positively impacted the global collaborative whiteboard software market as many organizations recently adopted the work from home strategy. With the increased dependency on remote work, the organization requires technologies that allow team members to interact and optimize procedures. As a result of increased remote working in the Covid-19 pandemic, the market is growing. For Instance, In March 2020, Microsoft Corporation announced team's collaboration and communication service had witnessed a 775% rise in monthly users in Italy.
The report will cover the following insights-
Information Technology Industry to Boost the Market Growth.
The information technology industry is boosting the market growth as many IT offices adopt the remote work strategy. Most companies need specific tools such as collaborative whiteboard software for documenting a meeting, digital brainstorm, and managing an agile workflow information technology industry, boosting the market growth.
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North America is expected to hold a major market share in the collaborative whiteboard software market as the country is an adopter of modern technological advancements. Furthermore, merger, acquisition, and business strategy will help grow the collaborative whiteboard software market in North America. For Instance, In July 2021, the AWW app entered into a partnership with Micro to provide consumers with enhanced updates and access to many more Micro whiteboard capabilities and the announcement that the AWW app would continue to function after July 31st, 2021.
Key players in the collaborative whiteboard software market include Cisco System, Inc., Miro, Microsoft Corporation, Google LLC, InVisionApp Inc., Mural Inc., Bluescape, AWW App, Groupboard, Smart Technology Inc., Stormboard, Conceptboard, and others.
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