#MOXTRA COLLABORATION SOFTWARE#

Reviewing an example of a collaboration app will help you to understand the key features, therefore, take a look at Slack.

#MOXTRA COLLABORATION SOFTWARE#

Microsoft, Cisco, Google, Oracle, and LogMeIn are the largest providers of collaboration software, and you can read about their market share in the “ Top 10 collaboration software vendors”.The market for enterprise collaboration software segment will grow even faster, and it will have a CAGR of 10.7% during the 2019-2024 period, according to a Mordor Intelligence market report.A Grand View Research report estimates that the market for collaboration software will grow at a CAGR of 9% between 20.There is a growing market for collaboration apps, and the following pieces of statistics attest to that: However, collaboration apps enable storing documents online, and this helps team members to access the correct versions of documents. Distributing documents in a distributed team environment has often been a challenge for organizations.E.g., managers can assign tasks and track performance online. Organizations needed many meetings to facilitate collaboration, however, collaboration apps have helped them to reduce the number of meetings.Collaboration apps offer good reporting capabilities, and this is a notable advantage. Typically, every project in an organization involves reporting and it‘s often hard to provide those reports.Well-known collaboration apps offer robust project tracking capabilities, therefore, the team leader and the other team members have the required visibility of the project at all times.While distributed teams and remote employees continue to work from different geographic locations, collaboration apps help foster team collaboration and allow them to work as a cohesive team.There are many advantages to using collaboration apps, and you can read “ The benefits of online collaboration tools” to learn more about them. Such teams are more successful in retaining talent. Teams that promote collaboration foster a sense of belonging and this improves employee engagement.Collaboration promotes the pooling of skills and competencies, and this improves the efficiency of the team.Team members learn from each other when they collaborate.Teams that encourage collaboration promote self-analysis among the team members, which improves clarity.Instead of the old-fashioned command-and-control, collaboration empowers team members since they feel valued.A team has a stronger sense of purpose when team members collaborate.

Collaboration promotes brainstorming, and this helps in problem-solving.The act of collaboration brings together diverse team members with varying skills and competencies so that they can work towards a shared objective.

Why is collaboration important in the workplace?Īs explained in “ The importance of collaboration in the workplace”, collaboration brings a lot to the table, e.g.: This is an important market that still has so much room for innovation. Want to know why your company should build custom collaboration apps?

Moxtra collaboration