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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
Day's Change
0.64 (2.51%)
B/A Size
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(Above Average)

10-day average volume:

Global Team Collaboration Software Market (2019 to 2028) - Featuring Adobe Systems Incorporated, Asana & Avaya Among Others -

10:41 am ET May 28, 2020 (BusinessWire) Print

The "Global Team Collaboration Software Market 2019-2028" report has been added to's offering.

According to an analysis by the publisher, the global team collaboration software market will progress at a CAGR of 10.35% in the forecasting period 2019-2028.

The growing adoption of cloud-based SaaS (Software as a Service) in the business environments is the primary driver of the team collaboration software market growth. In addition, the rising need for conference services in the market due to the rapid digitization is also influencing the global market growth positively. However, the high initial investments for network infrastructure and the rising concerns regarding the security of sensitive data are impeding market growth. Also, the complication of integrating an entire legacy system into the cloud is acting as a challenge to market growth. Key opportunities like the surge in the adoption of BYOD (bring your own device) policy must be leveraged to reach the projected growth.

The global market report covers the countries from North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Considering the geographical landscape, Asia-Pacific is likely to be the fastest-growing region for the team collaboration software market in the coming years. The logistics industry makes use of team collaboration tools for maintaining a systematic operation of their process. The growth of the logistics market in China, Australia and ASEAN countries and the increased tie-ups with the e-commerce sector are anticipated to be the driving factor for the growth of the team collaboration software market in Asia-Pacific. Besides, the spread of coronavirus has favored the market with a rapid increase in the adoption of video conferencing tools for the smooth functioning of several industries.

Companies Mentioned

Adobe Systems Incorporated Asana Inc Avaya Inc AT&T Intellectual Property Blackboard Inc Cisco Systems Inc Citrix Systems Inc Intelligent Business Machines Corporation Microsoft Open Text Corporation Oracle Slack Technologies Inc

Key Topics Covered:

1. Global Team Collaboration Software Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. North America Holds Largest Market Share

2.2.2. Asia-Pacific is Fastest-Growing Market

2.2.3. Bfsi Holds Largest Market Share Amongst Applications

2.2.4. On-Premises Holds Largest Market Share Amongst Deployment Modes

2.2.5. Conferencing Software is Fastest-Growing Amongst Type

2.3. Porter's Five Force Analysis

2.3.1. Threat of New Entrants

2.3.2. Threat of Substitute

2.3.3. Bargaining Power of Suppliers

2.3.4. Bargaining Power of Buyers

2.3.5. Threat of Competitive Rivalry

2.4. Key Impact Analysis

2.4.1. Ease of Use

2.4.2. Integration With Other Software

2.4.3. Project Reporting

2.4.4. Software Flexibility

2.5. Market Attractiveness Index

2.6. Vendor Scorecard

2.7. Value Chain Analysis

2.8. Market Drivers

2.8.1. Growing Adoption of Cloud-Based Saas

2.8.2. Growing Adoption of Conferencing & Communication Solutions

2.9. Market Restraints

2.9.1. High Initial Capital Cost

2.9.2. Growing Security Concerns

2.10. Market Opportunities

2.10.1. Surge in Demand for Byod

2.11. Market Challenges

2.11.1. Integration of Legacy Systems to Cloud

2.12. Covid-19 Impact Insights

3. Global Team Collaboration Software Market Outlook - by Deployment

3.1. Cloud-Based

3.2. On-Premise

4. Global Team Collaboration Software Market Outlook - by Type

4.1. Conferencing Software

4.2. Communication & Coordination Software

5. Global Team Collaboration Software Market Outlook - by Application

5.1. Manufacturing

5.2. Bfsi

5.3. It & Telecom

5.4. Retail

5.5. Healthcare

5.6. Logistics & Transportation

5.7. Education

6. Global Team Collaboration Software Market - Regional Outlook

6.1. North America

6.2. Europe

6.3. Asia-Pacific

6.4. Latin America

6.5. Middle East and Africa

7. Competitive Landscape

8. Methodology & Scope

For more information about this report visit

View source version on

SOURCE: Research and Markets
Laura Wood, Senior Press Manager 

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