Online Meeting Software 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 60.5 Billion income is forecasted with the market recording a CAGR of 26.90% by 2030.
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Online Meeting Software Market Competitive Landscape
- Nextiva (US)
- RingCentral, Inc. (US)
- Jive Communications (US)
- Vonage (US)
- Dialpad, Inc. (US)
- 8×8, Inc. (US)
- Ooma, Inc. (US)
- FluentStream Technologies, LLC (US)
- Zoho Corporation Pvt. Ltd. (India)
The online meeting software market has seen significant growth over the past few years, fueled by the increasing demand for remote collaboration and communication tools. This market includes a range of software solutions that enable individuals and teams to conduct meetings, webinars, and virtual events over the internet. Some of the leading players in this market include Zoom, Microsoft Teams, Google Meet, Cisco Webex, and GoToMeeting. These companies offer a range of features, such as video conferencing, screen sharing, chat, and file sharing, to help users collaborate effectively. The COVID-19 pandemic has accelerated the growth of this market as remote work and virtual communication have become the norm for many businesses and organizations. As a result, many online meeting software companies have experienced a surge in demand for their services. Looking ahead, the online meeting software market is expected to continue growing as more businesses and organizations adopt remote work policies and seek out virtual communication tools to facilitate collaboration and productivity. However, with so many players in the market, competition is likely to remain intense, driving innovation and new features to stay ahead.
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.
Online Meeting Software Market 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.
Based on Component
Based on Deployment
Based on Organization Size
- Large enterprise
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.
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Online Meeting Software Market 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.
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