The virtual meeting software is used to conduct group discussions, meetings, and other conversations over the internet. Several businesses across the world are adopting virtual meeting software due to numerous benefits such as offering a fast and secure way of communication within the organization and enhancing communication between employees. Furthermore, it helps organizations save their operational cost and optimize business relationships with their customers, which surges virtual meeting software demand.
MARKET DYNAMICS
The growth in the adoption of virtual meeting software among corporate and government organizations drives the global virtual meeting software market. However, the high initial cost may restrain the growth of the virtual meeting software market. Furthermore, the integration of advanced technology such as artificial intelligence and cloud-based technology is anticipated to surge the growth of virtual meeting
MARKET SCOPE
The "Global Virtual Meeting Software Market Analysis to 2028" is a specialized and in-depth study of the virtual meeting software market with a special focus on the global market trend analysis. The report aims to provide an overview of virtual meeting software market with detailed market segmentation by deployment model, enterprise size, industry and geography. The global virtual meeting software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading virtual meeting software market players and offers key trends and opportunities in the virtual meeting software market.
MARKET SEGMENTATION
The global virtual meeting software market is segmented on the basis of deployment model, enterprise size, and industry. On the basis of deployment model, the market is segmented as cloud and on-premise. On the basis of enterprise size, the market is segmented as small and medium enterprises and large enterprises. On the basis of industry, the market is segmented as BFSI, education, IT and telecom, government, healthcare, manufacturing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global virtual meeting software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The virtual meeting software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting virtual meeting software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the virtual meeting software market in these regions.
MARKET PLAYERS
The reports cover key developments in the virtual meeting software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from virtual meeting software market are anticipated to lucrative growth opportunities in the future with the rising demand for virtual meeting software market. Below mentioned is the list of few companies engaged in the virtual meeting software market.
The report also includes the profiles of key virtual meeting software market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Adobe Systems Incorporated
- AVAYA INC.
- Google LLC
- Huawei Technologies Co., Ltd.
- Lifesize, Inc.
- LogMeIn, Inc.
- MICROSOFT CORPORATION
- RingCentral, Inc.
- Webex (Cisco)
- Zoom Video Communications, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.