Concetto Labs

In 2019, the team collaboration software market touched a new height with   $9.5 billion globally . And this COVID-19 pandemic situation has forced everyone to work remotely. During this, remote work, collaboration, and chat tools have played a major role. To maintain productivity and increase, businesses have started using collaboration software. If you are into the IT industry, you probably know that there are major two market leaders in the sector: Slack and Microsoft Teams. That was a rumor that in 2016, Microsoft made the monumental decision to forgo a potential  acquisition of Slack for $8 billion  and instead expand on their existing Skype for Business model. This led to the creation of Microsoft Teams in 2017, which has changed the game for enterprise collaboration services. After the launch, in just three years, Microsoft Teams reached 13 million daily active users. On the other hand, it took almost six years for Slack to reach 10 million. After the launch, in ju...