Opportunities And Challenges Of The Conference Call Services Market In 2020

Conference call services has evolved many industries through its services and has totally changed the procedure or the way of working of the corporate enterprises as well as other industries. The shift from audio to video conferencing is taking a huge hike in the conference call services market, as it provides more flexibility and is more user friendly while saving the resources such as time and money of any enterprise or individual.

Global conference call services market is expected to witness significant growth during the forecast period (2018-2026). The market growth is majorly attributed to continuous improvements in the technologies and modes (video and audio) of conference calls. For instance, the first ever conference transcontinental call took place in 1915 between New York and San Francisco.

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The main Key Players in the market are: Microsoft Corporation, Zoom Video Communications, Dialpad, Polycom, Infinite Conferencing Inc., GlobalMeet, Arkadin SAS, AT Conference, ConferenceCalls, RingCentral Business Phone Services, Zip Conferencing, InterCall Online, and Budget Conferencing Inc.

Growth Factor:
Meetings in corporate offices or companies takes place in the presence of all the important members who are necessary to accomplish any particular objective. Therefore, it is very important to take decisions in the presence of the concerned members. Conference call helps to reach out to multiple people who are at different locations and who cannot be present at the time of emergency for a meeting. The conference call services connects them at one place while saving time and money.

Confidential business data shared during a conference call needs to be secured at the time of important discussions. Conference call services gives full security of the data and conversations between the users and also provides the advantages of conversation recording for future purposes, which is important to run a business more efficiently. This aids in growth of the global conference call services market.

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