Instant Messaging Software Market - Forecast(2024 - 2030)

Instant Messaging Software Market size was valued $49.4 billion in 2019, estimated to grow at a CAGR of 7.1% during 2020-2025. The growing need for advanced messaging software in large, small and medium enterprises is fuelling the demand for instant messaging software. Furthermore, the rising need for real-time messaging solutions and enterprise messaging offering such as security compliant implementations, inbox and contact synchronization, administrative capabilities and other versatile solutions leading to efficient peer-to-peer communication will drive the instant messaging software market during the forecast period.

The report: “Instant Messaging Software Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Instant Messaging Software Market. 

By Features: Group Chat, File sharing & Peer-to-Peer File transfer, Quick Messaging Capabilities, Voice & Video Conferencing, Alerts, Others

By Components: Web Server, Lightweight Directory Access Protocol (LDAP) Server, Simple Mail Transfer Protocol (SMTP) Server, Access Manager & Access Manager SDK, Portal 

By Standards: LDAP, HTML, HTTP, SMTP, TCP/IP, XMPP 

By Type: On-premise, Cloud-based

By Application: Large Enterprises, Small & Medium Enterprises

By Geography: North America, South America, Europe, APAC, Middle East & Africa

Large Enterprises segment held the largest market share in the instant messaging software market in 2019. The demand for instant messaging software is highly enhancing in enterprises which are large in size and have employees located in various location as it helps them to easily connect through messaging software. Moreover, businesses are highly preferring top use this type of advanced communication software, as it helps to build employee-customer relationships and also helps to ensure that all the employees are on the same page. Furthermore, the deployment of handy instant messaging software has also led to the fueling of the company’s productivity, and with the collaboration of tools such as file sharing, screen sharing has further implemented the use of instant messaging software in large enterprises.

In 2019, North America dominated the Instant Messaging Software market with a share of more than 38.5%, followed by APAC and Europe. The growing demand for advanced messaging software in the US is growing significantly which is leading to the growth of the market in this region. Also, the presence of key players such as Facebook, Genesys, Skype, Salesforce and so on are also leading to the major factors fueling the growth of this market in the US. According to Cellular Telecommunications Industry Association, in 2018 Americans connected more than 21.5 million devices which resulted in a total of 421.7 million devices. Thus, the growth in the usage of connected mobile devices in the US will lead to propel the growth of the instant messaging software market in this North America.  [email protected]

The increasing need for real-time messaging solution in businesses is highly growing.  Moreover, the need to connect with the employees who are based in other locations in real-time has enhanced the demand for instant messaging software. Also, in the recent periods due to the rising effect of coronavirus has also resulted in the need for real-time messaging solution in order to businesses work accurately. This key factors will drive the demand for instant messaging software market.

The growing adoption of chat as the primary form of digital communication along with the collaboration of effective tools such as video conferencing, lead generating, appointment creation and so on will further enhance instant messaging software. Moreover, every kind of collaborative effort, whether small group projects or large professional teams, is becoming flexible through features such as group chatting, which allow people to remain on the same page easily and participate more effectively. Also, the growing demand for collaborative whiteboards and documents, file sharing, screen sharing and others will further upsurge the instant messaging software market in the recent years.

Instant messaging software is regarded as the most beneficial tool for large, small and medium enterprises. But the key challenge which is hampering the usage of these type of software is the handling of data. As, volume of data which are shared through instant apps are quite large, and moreover leads to risks which results in data leakage. Also, the sharing of large through these apps leads to receiving of corrupted files with insecure data, malware attack, device loss and so on. 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Instant Messaging Software market. In 2019, the market of Instant Messaging Software has been consolidated by the top ten players – Liscio, Mirrorfly, Skype, Genesys, Salesforce, Zoho, Twist, Zendesk, Facebook and Freshchat