Comparing the current results to its competitors, Smartsheet Inc reported Revenue increase in the 3 quarter 2024 by 16.37 % year on year. The sales growth was above Smartsheet Inc 's competitors' average revenue growth of 12.7 %, achieved in the same quarter.
Smartsheet Inc 's Comment on Competition and Industry Peers
The collaborative work management software market is fragmented and highly competitive, with participants ranging from large global companies to smaller startups. Key competitors include providers of manual, email-, and spreadsheet-based processes such as Google and Microsoft, which offer a variety of productivity solutions. The company currently collaborates with Adobe, Google, and Microsoft; however, these firms may develop or acquire products that compete with its platform. Other competitors with existing or potential offerings include Airtable, Asana, Atlassian, ClickUp, Monday.com, and Wrike. Important competitive factors in this market include ease of deployment and use, product features and quality, enterprise-grade security and scalability, support for mission-critical workloads, customer base size, automation capabilities, integration with other applications, market vision and innovation, and pricing.
Overall company sales advanced by 16.37 % Smartsheet Inc outperformed its competitors in this segment and improved market share, to approx. 0.28 %. << More on SMAR Market Share.
*Market share is calculated based on total revenue.
Zenvia Inc is a technology company that provides a cloud communication platform, enabling businesses to engage with their customers through multiple channels such as SMS, voice, and WhatsApp, simplifying their communication strategy while improving customer experience. Their business model revolves around offering a comprehensive suite of communication tools and services that cater to the needs of businesses looking to enhance their customer engagement and streamline their communication processes.
Progress Software Corp's business model revolves around providing software solutions and services that help businesses leverage data and applications to drive digital transformation. They offer a wide range of products, including application development, data integration, and analytics tools, enabling organizations to build and deploy scalable and intelligent business applications. Progress Software generates revenue through software licensing, subscriptions, and professional services.
Paylocity Holding Corporation operates as a cloud-based payroll and human capital management software company. They provide a comprehensive suite of solutions to streamline and automate payroll processing, HR administration, and talent management for businesses of all sizes. Their business model focuses on offering subscription-based software services and related support to clients, ensuring efficient and accurate management of their workforce processes.
Sources:
Smartsheet Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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