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Cloud communications continue to disrupt overall collaboration market

January 23, 2019 / James Bourne

The collaboration software market continues to go up, with cloud-based collaboration growing more quickly and ‘strong’ growth expected for at least the next five years.That’s the verdict of analyst firm Synergy Research in its latest note which argues cloud collaboration continues to ‘drive and disrupt’ the $45 billion-rated overall collaboration market.Total worldwide third quarter revenues from collaboration, including on-premise, hosted and cloud-based solutions, hit almost $11 billion, with Synergy expecting Q4’s total to be ‘substantially higher.’The research focused on the unified comms (UC) market – an area which only accounts for one tenth of the overall collaboration space but one with continued clear potential for growth. Of the different buckets which comprise UC, teamwork applications are considered by far the quickest growing. Synergy noted Slack as a ‘particularly noteworthy’ company as it more than doubled...