Communication is an inevitable part of a
business especially when the business is operating globally. Web conferencing
is one such essential tool that acts as an effective medium of communication.
According to a market research report by IndustryARC, the global web
conferencing market size was evaluated at $9.67 billion as of 2018. Rapidly expanding
globalization has emerged the need for real-time communications among the
people and organizations. Due to this, the web conferencing market is expected
to grow at a noticeable compound annual growth rate of 11.34% during the
forecast period of 2019 to 2025.
The report is titled “Web Conferencing Market: By Type
(Meetings, Collaborations and Presentations); By End-Use Industry (BFSI,
Education, and Manufacturing, IT, Healthcare, and Others) and Geography –
Forecast (2019 - 2025).” The report highlights the potential growth,
restraints, competitive landscape, growth factors, and other key
aspects related to web conferencing market.
Global Web Conferencing Market: Leading
Segments
By region, North America is the leading segment
in the global web conferencing market with 35.17% share of the web conferencing
market. This demand share of the region can be credited to the widespread
corporate sector in United States of America, where offices extensively use
voice and video chat methods for effective communication in their businesses.
Corporate enterprises are the key application
of web conferencing with an outstanding CAGR of 16.68% through to 2025. The
concept of web conferencing reduces geographical barriers. Also, the web
conferencing software is economic to pursue business in remote locations as
they cut down on cost unnecessarily spent in traveling.
Global Web Conferencing Industry Analysis
The influence of consumerism in the IT
companies is disrupting the team collaboration techniques. Moulded by advancing
technology, the web conferencing demands are increasing owing to its convenient
and easy access features. Web conferencing is not just limited to corporates,
it is applied in countless end-user industries such as healthcare, information
technology, military, education, and manufacturing. Web conferencing is gaining
popularity among the budding start-up companies and it is aiding them with the
appropriate communication technique to cater to their business. Web
conferencing also helps in establishing a closer relationship and significantly
improves the degree of satisfaction. Web conferencing software such as Skype
and Google Duo are tremendously optimizing the web conferencing techniques.
Additionally, the introduction of mobile applications of such tools has emerged
as a remotely usable technique to establish communication.
Global Web Conferencing Market Trends
·
The
ongoing workplace trend of work-from-home to provide flexibility to the
employees is scattering throughout the world. This is opening up numerous
opportunities in the global web conferencing market.
·
Emerging
mobile-based business is trending in the web conferencing market. The necessity
to execute tasks over the mobile is
increasing the productivity and efficiency in the business.
·
Cloud-based
processes are trending in any possible domain of businesses. The uptake of
cloud computing has paced up business operations through the readily available
web conferencing software on web browsing applications.
Global Web Conferencing Market: Competitive
Landscape
Some of the key companies identified in the
report that have made significant developments in the Web Conferencing market
are Cisco Systems Inc., Citrix, Microsoft Corporation, Adobe Systems Inc., IBM
Corporation, InterCall, AT&T Inc. , Avaya Inc , Google Inc. and Broadview
Networks Inc.
Talk to one of our sales representative about
the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15472
Related Reports:
A. Web Real-Time Communication RTC Market
https://www.industryarc.com/Report/16341/web-real-time-communication-rtc-market.html
B. Audio Conferencing Services Market
https://www.industryarc.com/Report/15341/audio-conferencing-services-market.html
What can you expect from the report?
The global web conferencing market is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers & Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized reports
and charge additionally for limited customization?
Response: Yes, we can customize the report by
extracting data from our database of reports and annual subscription databases.
We can provide the following free customization:
1. Increase the level of data in application or
end user industry.
2. Increase the number of countries in geography
chapter.
3. Find out market shares for other smaller
companies or companies which are of interest to you.
4. Company profiles can be requested based on
your interest.
5. Patent analysis, pricing, product analysis,
product benchmarking, value and supply chain analysis can be requested for a
country or end use segment.
Any other custom requirements can be discussed
with our team, drop an e-mail to [email protected] to
discuss more about our consulting services.
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in the below link:
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.