MARKET INTRODUCTION
The term web conferencing combines different types of online collaboration services such as webcasts, webinars, and web meetings. It is an online service through which businesses or enterprises can hold distant meetings, presentations, and conferences. Increasing globalization in the emerging economies and conglomerates setting up their offices in these countries is particularly influencing the demand for web conferencing. The Asia Pacific is expected to observe high growth for the web conferencing market during the forecast period.
MARKET DYNAMICS
The web conferencing market is anticipated to grow in the forecast period owing to driving factors such as the growing use of the internet in communication, coupled with the increasing demand for WebRTC solutions across enterprises. Demand for robust and secure communication is further expected to augment the market growth. However, interoperability issues across browsers may hamper the growth of the web conferencing market during the forecast period. On the other hand, customized solutions catering to different organizational needs offer lucrative growth prospects for the web conferencing market over the coming years.
MARKET SCOPE
The "Global Web Conferencing Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of web conferencing market with detailed market segmentation by communication mode, enterprise size, and geography. The global web conferencing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading web conferencing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global web conferencing market is segmented on the basis of communication mode and enterprise size. Based on communication mode, the market is segmented as voice, video, and text. On the basis of the enterprise size, the market is segmented as large enterprises and SMEs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global web conferencing market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The web conferencing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting web conferencing market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the web conferencing market in these regions.
MARKET PLAYERS
The reports cover key developments in the web conferencing 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 the way for the expansion of business and customer base of market players. The market players from web conferencing market are anticipated to lucrative growth opportunities in the future with the rising demand for web conferencing in the global market. Below mentioned is the list of few companies engaged in the web conferencing market.
The report also includes the profiles of key web conferencing 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 the last three years, key developments in the past five years.
- Adobe
- Cisco Systems, Inc.
- IBM Corporation
- iotum Corporation
- Oracle Corporation
- Premiere Global Services, Inc.
- R-HUB Communications, Inc.
- Skype Communications S.a r.l.
- VeriShow
- Zoho Corporation
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.