Mar 16, 2021 (SUPER MARKET RESEARCH via COMTEX) -- According to the latest report by IMARC Group, titled "Online Corporate Meeting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global online corporate meeting services market size reached US$ 4.9 Billion in 2019. Online corporate meeting services are utilized to facilitate online meetings between an enterprise and its employees or stakeholders over the internet. Consisting of video conferencing systems and camera-embedded devices, such as mobile phones, tablets and laptops, these services are utilized for effective communication through live meetings, conferences, presentations and training sessions in an organization. These services are affordable while being easily accessible to the majority of the employees, especially for those who reside at faraway locations, as it enables them to communicate with their team members conveniently. These meeting services are, therefore, gaining widespread popularity among corporations, owing to the convenience offered by them while providing a transparent interaction between the participants.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Some of the top Companies/ Key players in Online Corporate Meeting Services Market Include:
1. Adobe Inc
2. Avaya Holdings Corp. (AVYA)
3. Blue Jeans Network, Inc.
4. Citrix Systems, Inc. /zigman2/quotes/206700852/composite CTXS +0.85%
5. AT&T Inc. /zigman2/quotes/203165245/composite T +0.09%
6. Zoom Video Communications Inc /zigman2/quotes/211319643/composite ZM +6.11%
7. BT Group – CLASS A Common Stock (otcmkts:BTGOF)
8. WEBEX COMMUNICATIONS INC (WEBX)
9. Fuze, Inc.
11. Zoho Corporation
12. Newrow_ Inc.
13. Communique Conferencing, Inc.
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Global Online Corporate Meeting Services Market Trends:
The global market is primarily driven by the emergence of virtual workspaces. A virtual workspace is equipped with collaboration and communication tools to replicate a physical office space and connect with remotely located teams on a regular basis. These workspaces are continually integrating cloud-based services with their communication tools to enhance the overall experience of the participants. This, along with a significant rise in internet penetration rates, is providing a boost to the sales of online corporate meeting services. Moreover, online meetings aid employees as well as employers to communicate with their team members in a fast and secure way, irrespective of physical location. Features, such as audio conferencing, screen sharing, meeting recording and event live streaming, not only enhance an organization's ability to collaborate on a global level but also assist in speeding their decision making process while offering work-time flexibility and reducing travel expenses. Furthermore, constant advancements are also projected to provide a thrust to the market growth. For instance, Zoom Video Communications, Inc., a California-based company, has facilitated the participation of up to 1,000 participants at the same time and up to 49 videos on a single screen. Such initiatives by various corporate organizations across the globe are expected to create a positive outlook for the market. On account of the aforementioned factors, Looking forward, IMARC Group expects the global online corporate meeting services market to exhibit moderate growth during the next five years.
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Key Market Segmentation:
Market Breakup by Service Type:
1. Online Corporate VCS (Video Conferencing Services)
2. Online Corporate WCS (Web Conferencing Services)
On the basis of the service type, the market has been bifurcated into online corporate video conferencing services (VCS) and online corporate web conferencing services (WCS).
Market Breakup by Meeting Type:
1. Small Size Meeting
2. Medium Size Meeting
3. Large Size Meeting
Based on the meeting type, the market has been divided into small size, medium size and large size meetings.
Market Breakup by Region:
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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The post Online Corporate Meeting Services Market 2020-2025: Global Industry Analysis Report, Trends, Share, Size, Growth, Demand, Top Key Players (Zoom Video Communications Inc, WEBEX, ClickMeeting, Adobe Inc, Zoho Corporation) and Forecast appeared first on Super Market Research .
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