Online Meeting Software Industry, Enormous Growth with Recent Trends & Demand by Top Vendors, Industry Size, Future Business Scope Market Highlights, analysis Forecast till 2027
Market Highlights
The Global Online
Meeting Software Industry is
expected to register a CAGR of 11.1% during the forecast period of 2020–2027.
There are various factors contributing to the growth of the global online
meeting software such as the increasing digitalization and urbanization which
is increasing the adoption of online meeting software among the enterprises to
reduce the distance between the clients globally.
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.
Segmental Analysis
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.
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Detailed 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.
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.
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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 Market Structure
Continued…
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