Online Meeting Software Market, Emerging Trends, Qualitative Outlook, Business Growth and Opportunities Segmentation Growth Demand 2027
Market
Overview:
The adoption of the
concept of online meetings by various organizations is spurring the Online Meeting Software Market 2020. The software
reports are formed by Market Research Future, which covers market alternatives
for progress. A USD 6.23 billion income is forecasted with the market recording
a CAGR of 11.1% by 2024.
The surge in the concept
of work from home due to the ongoing coronavirus pandemic, the market share of
online meeting software is estimated to rise steadily in the impending period. Their
surging application in conducting webinars and for web conferencing is
predicted to direct the online meeting software market in the forecast period.
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Competitive Analysis:
The capability of
contenders to influence change in the market is increasing at a stable rate in
the impending period. The support from government bodies around the world is
rising because the market needs an extra stimulus to achieve normalcy in such a
scenario. The disharmony in the forces of demand and supply are estimated to
create a slow growth background in the market. Furthermore, the need to adopt a
rapid and cost-effective method of operation is estimated to profile the market
in the impending period. The emphasis on innovation is estimated to rise in the
coming years, as the consumer needs have to be addressed in a better manner to
ensure the resurgence of the global market. Also, the need to encourage
business to include the environmental impact of their decisions is estimated to
shape the progress of the market in future. The need to mitigate losses
sustained by the current public health crisis is estimated to be the sole focus
of the market contenders in the upcoming years.
The eminent contenders in
the online meeting software market are Nextiva (US), RingCentral, Inc. (US),
Amazon Web Services, Inc. (US), Zoho Corporation Pvt. Ltd. (India), Jive
Communications (US), Vonage (US), Ooma, Inc. (US), FluentStream Technologies,
LLC (US), Zoom Video Communications, Inc. (US), LogMeIn, Inc (US), Cisco
Systems (US), Dialpad, Inc. (US), 8x8, Inc. (US), IBM Corporation (US),
Microsoft Corporation (US) among others.
Segmental Overview:
The segmental insight
into the online meeting software market has been segmented based on component,
organization size, deployment, end-user, and region. Based on the end-user, the
online meeting software market has been segmented into IT & telecom,
government, healthcare, BFSI, manufacturing, and others. On the basis of
organization sizes, the online meeting software market has been segmented into
large enterprises and SMEs. The component basis of segmenting the online
meeting software market consists of software and services. Based on the
deployment, the online meeting software market has been divided into
cloud-based and on-premise. Based on the region, the online meeting software
market has been segmented into Europe, Asia-Pacific, North America, and the
rest of the regions.
Regional Analysis:
The regional overview of
the online meeting software market includes regions such as Europe,
Asia-Pacific, North America, and the rest of the regions. The regional
market of North America held the largest share in 2018 owing to the existence
of several crucial retailers who are providing many software and services to
industries and enterprises for directing online meetings. In addition, the APAC
has been the initial adopter of progressive technologies and strong
infrastructure in the region, which is one of the influences motivating the
online meeting software market. Moreover, the businesses in the region are
enhancing new features in the software to protect the meeting data. The US is
credited for the largest segment in the region due to the incidence of numerous
market companies in the region, such as which are advancing in advance of
diverse new features in their software and services.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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