The market for collaborative authoring tools is expected to expand at an AGR of 13.1% over the course of the forecast period. By 2032, this is anticipated to have increased to US$ 5956.7 million from US$ 1774.5 million in 2022.
Collaborative writing tools are now recognised as being essential for guaranteeing effective use of resources that are dispersed throughout the world due to the increasing emphasis on e-learning and e-training. By facilitating efficient and effective communication amongst authors, collaborative authoring tools are software programmes used to create content documents on a single platform.
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Collaborative writing tools range from basic programmes for turning documents into web pages to complex programmes with a wide variety of intricate uses. The industry has been greatly boosted by the extensive usage of these technologies by training organisations, developers, project managers, and data-focused businesses.
The collaborative authoring tools are easy to operate and use WYSIWYG interface i.e. “what you see is what you get”. The authors accessing collaborative authoring tools have co-authoring functionality. This feature can be combined with collaborative review features for better precision for document creation and review process.
Many of the working environments require collaborative writing as well as editing of the drawings, presentations, spreadsheets, and documents. Synchronous sharing, editing, revision, comments, group membership, etc. are some of the major features of the collaborative authoring tools used nowadays. These features of the collaborative authoring tools make them the backbone of the commercial industry.
Global Collaborative Authoring Tools Market: Dynamics
Drivers
Product features such as user commitment to easier, efficient and effective work processes and more involvement to the projects are the factors growing the market of collaborative authoring tools globally. Cost effectiveness, easy data sharing through provision of revision tracking are other factors fueling the market growth.
Furthermore, ongoing research and development by service providers to develop more customized and user friendly solution is expected to create significant demand for collaborative authoring tools over the next few years.
Restraints
Communication issues and time zone issues are some of the factors which hinders the growth of collaborative authoring tools globally. Moreover, some of the other factors which hampers the collaborative authoring tools market growth is the type of training such as asynchronous learning, instructor led-training (ILT) required by the organization
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Trends
Recent trends observed in collaborative authoring tools market is the growth of delivering mobile learning applications which are still in their early growth stage. Furthermore, the advanced features such as real time videos acts as a means of capturing expert knowledge and instructions.
Collaborative Authoring Tools Market: Competitive Landscape
Recent Developments in the Collaborative Authoring Tools Market
Two of the world’s largest corporations, RBS and Microsoft, have already adopted the secure, scalable and flexible Luminosity Motion mobile learning platform. As a result of the official launch, this innovative learning concept may now be available to organizations of all sizes. This will enable them to provide learning and support wherever learners are and whenever they need it.
Some other major key players of the collaborative authoring tools are:
- Kenexa LCMS
- Adobe Presenter
- Lectora Publisher
- Sana Software EasyGenerator
- Xyleme LCMS
- CrossKnowledge Mohive
- Infor ContentCreator
- Adobe Captivate
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Key Segments Profiled In The Collaborative Authoring Tools Market Survey
By Deployment:
- On-Premise
- Cloud
By Component:
- Solution
- Services
By Application:
- Web Conferencing
- E-Mail Server
- Instant Messaging
- Others
By Type:
- Website Authoring Tools
- Multimedia Authoring Tools
By Region:
- North America
- Latin America
- The Asia Pacific
- MEA
- Europe
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