The global Collaborative Authoring Tools Market is projected to grow at a AGR of 13.1% during the forecast period. This is expected to exceed USD 1774.5 million in 2022 to reach USD 5956.7 million by 2032.
The growing focus on e-learning and e-training has led to collaborative authoring tools emerging as the key to ensuring efficient use of resources spread out around the world. Collaborative authoring tools are software applications used to author content documents on one platform by enabling efficient and effective communication among authors.
| Report Attribute | Details |
|---|---|
| Collaborative Authoring Tools Market Value (2022) | USD 1774.5 million |
| Collaborative Authoring Tools Market Anticipated Forecast Value (2032) | USD 5956.7 million |
| Collaborative Authoring Tools Market Projected Growth Rate (2022-2032) | 13.1% |
Collaboration authoring tools range from simple tools for converting documents into web pages to advanced software that offers many sophisticated applications. The widespread use of these tools by training organizations, developers, project managers, and data-oriented companies has significantly boosted market growth, since it allows real-time communication between authors, unlike conventional methods of communication such as email.
Authoring tools are in high demand due to features such as faster, more reliable, and more productive work processes, as well as increased project engagement. In addition to cost efficiency, ease of data visualization, and motorization, other factors are driving the market growth.
The continuous investment of tech giants in research and development may further fuel the demand for authoring tools in the coming years due to their ability to develop more user-friendly and customized solutions. However, in developing economies, authoring tool market growth is expected to be hindered by a lack of awareness and lack of technical expertise.
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Collaborative authoring tools market growth is attributed to several factors, such as:
Intensifying E-learning Adoption: Increasing adoption of E-learning worldwide is driving the demand for authoring tools. Increased internet penetration has led to an increase in online degrees and studies. For instance, an open-source authoring tool was launched by Google in 2019. The authoring tool is targeted at all educational levels, including K-12, college, and higher education.
Utilization of Cloud Computing: Among the other factors driving the demand for authoring tools soon is the implementation of cloud computing, peer-to-peer problem-solving, open content development, and the rapid growth of the target audience.
Cost Efficient: Globally, collaborative authoring tools are growing in popularity due to features such as user commitment to effective, efficient, and easier work processes. Another factor contributing to the market growth is cost-effectiveness and the ease of sharing data through revision tracking.
Several factors hamper the global growth of collaborative authoring tools, including communication issues and time zone differences. Another factor hampering the growth of collaborative authoring tools is the type of training required by organizations, such as asynchronous learning and instructor-led training (ILT).
Principal Consultant
North America is expected to be the key contributor to the growth of the global collaborative authoring tools market accounting for 35.9% of the market share. Due to the growing adoption of digitalization in organizations and industrialization, North America dominates the authoring tool market. Additionally, strict lockdowns in countries increase the demand for authoring tools due to the growth of web conferencing and video conferencing in enterprises.
It is anticipated that the uptake of 5G technology in several industries, including healthcare, retail, and others, will drive market growth over the forecast period. According to estimates, 45% of North American consumers may adopt 5G technology by 2023, due to the huge demand for mobile data and video streaming services.
Europe is predicted to hold a market share of 22.1% of the global market for collaborative authoring tools. It is the Information and Communication Technology (ICT) sector of the European Union (EU) which is contributing the most value to the collaborative authoring tools market in Europe. In terms of the commercialization of collaborative authoring tools, Western Europe is expected to be the most significant market.
In the authoring tool market, the Asia Pacific region is expected to hold the largest share of the market during the forecast period. Collaborative authoring tools have risen in demand due to rapid technological innovations, the adoption of advanced technology, and the expansion of SMEs.
Moreover, rising smartphone penetration in developed economies is a prominent factor projected to drive authoring tool demand during the forecast period. For example, according to the GSMA, Asia Pacific had 64% mobile subscribers in 2019 and is expected to reach 81% by 2022.
The authoring tool market is highly fragmented due to numerous manufacturers in both developed and emerging regions. Companies in the authoring tool market are increasingly investing in research and development to develop new and innovative techniques to provide innovative tool solutions.
In the collaborative authoring tools market, there is a growing demand for mobile learning applications, which are still in their infancy. Moreover, advanced features such as real-time videos allow experts to capture their knowledge and instructions.
Drawings, presentations, spreadsheets, and documents are often edited collaboratively in many working environments. Nowadays, collaborative authoring tools are equipped with features such as synchronous editing, revision, comments, group membership, etc. As a result of these features, collaborative authoring tools are the backbone of the commercial industry.
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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.
Main players operating in the global authoring tool market include:
CM Group: The CM Group specializes in the design and creation of advanced learning solutions for large international corporations. The HTML5-based eLearning courses are created using Luminosity Studio, the advanced collaborative rapid authoring software. In addition to the end-to-end mobile learning solutions, it offers responsive HTML5 content suitable for consumption on tablets and smartphones, cloud-based hosting and delivery through our Luminosity Motion mobile learning platform, along with Luminosity Mentor BYOD Apps.
IMC Content Studio: In particular, IMC Content Studio is an educational authoring tool for the creation of content for e-learning areas, such as MOOCs. German company IMC AG, based in Saarbrucken, developed and distributed the program. Occupational Training Institutions such as Corporate Universities use the software in adult education and continuing education.
Some other major key players of the collaborative authoring tools are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 13.1% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Deployment, Component, Applications, Type, Region |
| Regions Covered | North America; Latin America; The Asia Pacific; MEA; Europe |
| Key Countries Profiled | The USA, Canada, Brazil, Argentina, Germany, The UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC, South Africa |
| Key Companies Profiled | CM Group; IMC Content Studio; Kenexa LCMS; Adobe Presenter; Lectora Publisher; Sana Software EasyGenerator; Xyleme LCMS; CrossKnowledge Mohive; Infor ContentCreator; Adobe Captivate |
| Customization | Available Upon Request |
The collaborative authoring tools market is projected to grow at a CAGR of 13.1% from 2022 to 2032.
North America is leading the global collaborative authoring tools market.
The size of the global collaborative authoring tools market is expected to grow by USD 1774.5 Million in 2022.
The collaborative authoring tools market is expected to reach USD 5956.7 Million by 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Tool Type 5.1. Google Docs 5.2. MS Office 5.3. MS Word 5.4. MS SharePoint 5.5. Others (SELF, Etherpad, Moddle, etc.) 6. Global Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Instant Messaging 6.2. Telephony 6.3. Web Conferencing 6.4. E-mail Server 6.5. Others 7. Global Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Collaborative Authoring Tools Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Collaborative Authoring Tools Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. CM Group Luminosity Suite 15.2. IMC Content Studio 15.3. Kenexa LCMS 15.4. Adobe Presenter 15.5. Lectora Publisher 15.6. Sana Software EasyGenerator 15.7. Xyleme LCMS 15.8. CrossKnowledge Mohive 15.9. Infor ContentCreator 15.10. Adobe Captivate 16. Assumptions & Acronyms Used 17. Research Methodology
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Collaborative Authoring Tools Market
