Overview:  SharePoint does not stack up against any single COTS product easily due to the size and functionality offered.  This post is my opinion, and I am not an expert in any of the competing products.
Updated: 2018/06/13
A few years back I wrote a post that is still somewhat relevant form SP 2010 competitors.
This post aims to list competitor products in a broad sense and tries to highlight the areas that where the product and SharePoint perform a similar function.
OpenText, lines up some of SP's functionality such as blogs, Wikis and document collaboration.
Search competitors:
CMS Competitors
http://www.extended-content.com/wp-content/uploads/2013/05/Gartner-Magic-Quadrant-For-Enterprise-Search.pdf
If anyone has further information, please reply as this is not an exhaustive set of lists.  My experience with rival products is relatively limited.
Updated: 2018/06/13
This post aims to list competitor products in a broad sense and tries to highlight the areas that where the product and SharePoint perform a similar function.
- Atlassian Confluence
 - Alfresco
 - Documentum
 - eRooms
 - Lotus Notes
 - Igloo - http://www.igloosoftware.com/
 - EMC’s Center Stage
 - Google docs
 - Slack - Very similar to Teams from MS
 - ClickUp - project management but has chat, stores docs, calendars, time tracking, links, similar to MS Teams and Slack but from a project management focus. Update: 25/06/2022
 
OpenText, lines up some of SP's functionality such as blogs, Wikis and document collaboration.
CMS Competitors
- Sitecore
 - Umbraco
 - Drupal
 
OneDrive: Dropbox, Drop, Google docs
Skype: Zoom
Planner: Trello
More Info:Skype: Zoom
Planner: Trello
http://www.extended-content.com/wp-content/uploads/2013/05/Gartner-Magic-Quadrant-For-Enterprise-Search.pdf
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