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Virtual Meeting Software Market to Reach $41.58 Billion by 2027; Availability of Low-cost Cloud Platforms will Emerge in Favor of Market Growth, says Fortune Business Insights™
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Surge in Product Demand during Covid-19 Pandemic is Consequential to Growing Adoption of Work from Home Policies
The recent coronavirus outbreak has had a massive impact on several economies across the globe. Due to the rapid spread of the disease, several countries are looking to implement strict measures with a view to controlling the spread of the disease. The measures taken to curb the spread of the diseases have affected businesses across all sectors. However, a few businesses have benefited significantly from the pandemic and virtual meeting software is among the leading sectors that have benefited from this. The surge in adoption of work from home policies by leading organizations across the world will have a massive impact on the growth of the overall Virtual Meeting Software Market, not just during the pandemic, but also in the post-pandemic period.
Virtual Meeting Software (3D Virtual Event) Market are used to conduct meetings/group discussions, or any other conversations over the internet. The surge in demand for virtual meeting software in the past few years is consequential to the gradual shift towards remote work operations. The increasing investments in the integration of cloud-based platforms and the availability of cloud platforms at low costs will emerge in favor of market growth. The presence of several large scale vendors across the world will lead to a wider product adoption, subsequently contributing to the growth of the Virtual Meeting Software (3D Virtual Event) Market. The growing technological intervention in these products and the adoption of concepts such as IoT and AI have allowed applications across diverse industry verticals.
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Increasing Number of Product Innovations will Emerge in Favor of Market Growth
The Virtual Meeting Software (3D Virtual Event) Market report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is a healthy market competition across the world. The increasing competition has encouraged companies to adopt newer strategies that will help them establish a wider consumer base. In July 2020, NexTech AR Solutions Corp. announced the launch of an interactive virtual meeting solution. The company introduced 'ScreenAR,' an interactive and immersive conferencing software. The company stated that this product is integrated with augmented reality; a concept that will cater to real time applications. Increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.
Some of the Key Questions Answered in this Report:
• Detailed Overview of Virtual Meeting Software (3D Virtual Event) Market will help deliver clients and businesses making strategies.
• Influencing factors that are thriving demand and latest trends running in the market.
• Virtual Meeting Software (3D Virtual Event) Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
• What trends, challenges and barriers will impact the development and sizing of the Global Virtual Meeting Software (3D Virtual Event) Market?
• SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.
• What is the Market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the Virtual Meeting Software (3D Virtual Event) Market demand?
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List of the Key Companies Profiled Virtual Meeting Software (3D Virtual Event) Market:
• Cisco Systems, Inc. (California, United States)
• Microsoft Corporation (Washington, United States)
• Adobe Inc. (California, United States)
• Aventri, Inc. (Connecticut, United States)
• Walcon Virtual Events (Alicante, Spain)
• LearnBrite - Learning Experience Platform (Arizona, United States)
• MootUp (Arizona, United States)
• LogMeIn, Inc. (Massachusetts, United States)
• Sine Wave Entertainment Ltd. (London, United Kingdom)
• HexaFair (Tamil Nadu, India)
• VirBELA (California, United States)
• Virtway Events (Oviedo, Spain)
• Personify, Inc. (Texas, United States)
• Intrado Corporation (InXpo, Inc.) (Nebraska, United States)
• Hubilo Softech Private Limited (Ahmedabad, India)
• Pathable, Inc. (Washington, United States)
• Whova Inc. (California, United States)
• 6Connex, Inc. (Texas, United States)
• vFairs (Texas, United States)
• Streampoint Solutions Inc. (Ontario, Canada)
• Livestrom SAS (Paris, France)
• EventsAIR (Queensland, Australia)
• NexTech AR Solutions Corp. (Vancouver, Canada)
• VentureBeat (VB) (California, United States)
• AIRMEET Inc. (Delaware, United States)
• EventMobi (Ontario, Canada)
Quick Buy - Virtual Meeting Software (3D Virtual Event) Market:
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Industry Developments:
• July 2020: - NexTech AR Solutions Corp. (NexTech) announced the launch of a new interactive and immersive conferencing and virtual events software - "ScreenAR". This is an augmented reality (AR)-based software designed to keep end-user engaged in virtual events, trade shows, or classrooms, etc. and accelerate the business opportunities.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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