Virtual Collaboration Market size was valued at USD 18.83 billion in 2024 and is expected to reach USD 74.85 billion by 2037, expanding at around 11.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of virtual collaboration is assessed at USD 20.62 billion.
The advancement in technology, along with the growing need to save costs and time, are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the need for virtual collaboration after the deployment of work-from-home practices due to the Covid-19 outbreak. According to the Global Digital Overview, in 2020, the internet users globally have grown to 4.54 billion, which is an increase of 7 % as compared to the previous year.
Author Credits: Abhishek Verma
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