Communication Software Market Outlook 2025-2034: Key Trends

Published 3 weeks ago• 6 minute read

Communication Software Market

What industry-specific factors are fueling the growth of the communication software market?
The communication software market's expansion is anticipated to be fueled by the rising necessity for remote cooperation. Remote cooperation entails interacting and coordinating effectively with a team distributed across various locations, with the help of technology. Tools for video conferencing, messaging, file-sharing, and real-time collaboration on documents and projects are provided by communication software, thereby enabling remote collaboration. For example, the Bureau of Labor Statistics (BLS), a federal agency from the US, reported that in August 2023, 19.5% of workers operated or were compensated from home through telework. From October 2022 to August 2023, telework rates stayed consistently within the range of 17.9% and 20.0%. As a result, the escalating need for remote cooperation is propelling the communication software market.

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What Is the projected market size and growth rate for the communication software market?
The rapid expansion of the communication software industry in recent years has seen its market size projected to increase from $1.31 billion in 2024 to $1.45 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 10.5%. Factors influencing this historical growth include the surge in smartphone and mobile device usage, the influence of social media platforms, advancements in computer networks, heightened internet adoption, and growing concerns over security.

The predicted expansion in the communication software market in the coming years is set to be significant. Estimates indicate that by 2029, this market could be worth as much as $2.14 billion, growing at a compound annual growth rate (CAGR) of 10.2%. Various factors are attributed to this expected growth during the forecasted period. These include globalization, the surge in real-time communication, the increasing popularity of voice-controlled gadgets, the adoption of standardized IP protocols, and the rise of instant messaging platforms. Numerous trends anticipated within the forecast period also play a role; these cover advancements in computing technology, the advent of 5G technology, the emergence of novel technologies, the profusion of IoT devices, the rollout of blockchain technology, in addition to augmented reality (AR) and virtual reality (VR) technologies.

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How are the latest trends influencing the growth of the communication software market?
Prominent entities in the communication software market are coming up with inventive products, including AI-supported employee listening tools, to boost both efficiency and efficacy in communication processes. The AI-supported employee listening tool is a type of communication software that elevates corporate communications and enriches employee experiences. For example, Simpplr, a US-based firm specialising in AI technology, introduced an AI-based employee listening solution in April 2023. Their product offers immediate insights into employee experiences and pave the way for enhancing the cultural environment of the company. This innovative solution combines active listening with passive listening capabilities to provide AI-driven insights, enabling organisations to improve their employee experiences, encouraging better listening, quicker learning, and smarter leadership. It comprises of real-time feedback analysis, active and passive listening skills, and a perception dashboard that highlights employee patterns, emotions, and internal standards.

What major market segments define the scope and growth of the communication software market?
The communication software market covered in this report is segmented -

1) By Software Type: Unified Communications, Network Management, Customer Experience Management, Other Software Types
2) By Deployment Model: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Manufacturing, Retail, Healthcare, Information Technology (IT) And Telecommunications, Other Industry Verticals

Subsegments:
1) By Unified Communications: VoIP (Voice Over Internet Protocol), Video Conferencing Software, Instant Messaging And Presence Software, Collaboration Platforms, Email Management Software
2) By Network Management: Network Monitoring Software, Network Configuration Management, Bandwidth Management Software, Network Performance Management
3) By Customer Experience Management: Customer Interaction Management Software, Customer Feedback And Survey Software, Social Media Monitoring And Engagement Tools, Contact Center Software, CRM (Customer Relationship Management) Integration Software
4) By Other Software Types: Messaging And Chatbot Software, Enterprise Messaging Software, Cloud Communication Platforms, Communication APIs And SDKs

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Which region dominates the communication software market?
North America was the largest region in the communication software market in 2024. The regions covered in the communication software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the communication software industry growth?
Major companies operating in the communication software market are Microsoft Corporation, Verizon Communications Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Salesforce Inc., Adobe Inc., Xerox Corporation, Zoom Video Communications Inc., Twilio Inc., Open Text Corporation, Atlassian Corporation, Avaya Holdings Corp., RingCentral Inc., Genesys Cloud Services Inc., Mitel Networks Corporation, Quadient, Zoho Corporation, 8x8 Inc., Newgen Software Technologies Limited, MHC Automation, GuideSpark Inc., Simpplr Inc., Firstup Inc., Nudge Corporation

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What Is Covered In The Communication Software Global Market Report?

• Market Size Forecast: Examine the communication software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the communication software market for a structured understanding.
• Key Players Overview: Analyze major players in the communication software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the communication software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the communication software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the communication software market.
• Industry Challenges: Identify potential risks and obstacles affecting the communication software market.
• Competitive Landscape: Review strategic developments in the communication software market, including expansions, agreements, and new product launches.

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