Web Conference Software Market
The global online meeting software market can potentially reach a valuation of USD 6.23 billion by 2024, says Market Research Future (MRFR). The market can expand at a rate of 11.1% during the forecast period (2019–2024).
Top Drivers and Key Barriers
Online meeting software is used to conduct virtual meetings like web conferencing and webinars. Online meeting software offers a host of benefits such as allowing the participants to record the session and connecting people over the Internet, enabling them to share information as well as other purposes. Moreover, online meeting software also protects against data breaches along with cyber-attacks.
With the high adoption of online meeting software, companies are now able to successfully hold virtual meetings, which has led to better collaboration between organizations and their clients. Likewise, this software facilitates a connection between geographically dispersed people within an organization, in addition to increasing work productivity, given the reduced travel cost. The global online meeting software market has picked up immense speed in recent years, due to increasing digitalization as well as urbanization, which has boosted the adoption of online meeting software among organizations across the globe.
A number of renowned players are striving to innovate and invest in research and development (R&D) to provide their clients with a cost-effective product portfolio. There has been a surge in the number of mergers and acquisitions, a strategy adopted by business entities to get better access to their clients and also expand their customer base in the market.
Segmentation
According to Market Research Future, the global online meeting software market has been segmented based on component, organization size, deployment, end users, and region.
Online meetings have become an essential part of various enterprises, organizations, and other government agencies as they enable them to interact with the clients via virtual meetings, which reduce the traveling time and cost. Moreover, the online meeting software reduces the user to attend the meeting from anywhere irrespective of their location, which allows the team members working on a project from different regions to communicate through web conferencing in any hour of the day. Moreover, web conferencing allows the users to conduct conferencing, presentations, live meetings, and training via the internet particularly on TCP/IP connections.
The global online meeting software market has been segmented based on component, deployment, organization size, and end users.
Based on component, the market has been segmented into software and services. Among these, the software segment accounts the largest market share due to increasing requirement by various organizations and enterprises for conducting web-based video conferencing and meetings. The online meeting software allows the users to record the meeting, allows the user to analyze the meeting agenda and other features which has been driving the market. However, the service segment is accounted to be the fastest-growing segment.
Based on deployment, the global online meeting software market has been segmented as cloud-based and on-premise. The on-premise segment holds a large market share compared to others. The early adoption of on-premise by various organizations and companies for the deployment of various software is a major reason for dominance. However, the cloud-based deployment is account to be the fastest-growing segment during the forecast period due to increasing utilization of cloud-based services among the organization to store the information by reducing the cost of data storage and requirement of real-time data is a major factor driving the segment, which is resulting in the growth of the market.
Based on end users, the global online meeting software market has been segmented as BFSI, IT & telecom, government, healthcare, manufacturing, and others. The BFSI holds the largest market share for the market due to the increasing number of online financial transaction due to increasing investments in various industries and others which is driving the market growth.
Key Players
The prominent players in the global online meeting market are Nextiva (US), RingCentral, Inc. (US), Jive Communications (US), Vonage (US), Dialpad, Inc. (US), 8x8, Inc. (US), Ooma, Inc. (US), FluentStream Technologies, LLC (US), Zoho Corporation Pvt. Ltd. (India), Zoom Video Communications, Inc. (US), LogMeIn, Inc (US), Cisco Systems (US), Amazon Web Services, Inc. (US), IBM Corporation (US), Microsoft Corporation (US) among others.
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Web Conference Software MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Web Conference Software Market.
The growth sectors of the Web Conference Software Market are identified with precision for a better growth perspective.According to Market Research Future, the global online meeting software market has been segmented based on component, organization size, deployment, end users, and region.Online meetings have become an essential part of various enterprises, organizations, and other government agencies as they enable them to interact with the clients via virtual meetings, which reduce the traveling time and cost.
Moreover, the online meeting software reduces the user to attend the meeting from anywhere irrespective of their location, which allows the team members working on a project from different regions to communicate through web conferencing in any hour of the day.
Moreover, web conferencing allows the users to conduct conferencing, presentations, live meetings, and training via the internet particularly on TCP/IP connections.The global online meeting software market has been segmented based on component, deployment, organization size, and end users.Based on component, the market has been segmented into software and services.
Among these, the software segment accounts the largest market share due to increasing requirement by various organizations and enterprises for conducting web-based video conferencing and meetings.
However, the service segment is accounted to be the fastest-growing segment.Based on deployment, the global online meeting software market has been segmented as cloud-based and on-premise.
Digital signage has a myriad of uses in the corporate sector, but perhaps one of the best is using conference room scheduling solutions to get the most out of your conference rooms.Let’s be honest, managing meeting rooms can be a huge hassle and often waste a lot of your time.
In a given workweek, the employees could be spending several hours arranging & scheduling meetings in conference rooms.
That’s why organizations looking for ways to improve effectiveness at all levels should consider conference room availability displays.
Below we have outlined the top four reasons why companies need conference rooms –Conference room display eliminates ghost meetingsMeeting rooms appear as booked, but in reality, no one is using them.
If there are no ghost meetings, scheduling conference rooms would be much easier & less time-consuming.
With the help of this, you can set up when check-in at the conference is needed.
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