Press release
Online Corporate Meeting Services Global Market Report 2024 | Infinite Conferencing lnc., HP Virtual Rooms, AT&T Connect Support, Communique Conferencing, Glance Networks
Online Corporate Meeting Services Market
The Business Research Company presents an extensive market research report on the Online Corporate Meeting Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The online corporate meeting services market size has grown rapidly in recent years. It will grow from $5.57 billion in 2023 to $6.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to business continuity solutions, globalization and remote work trends, cost efficiency and time savings, enhanced communication tools, scalability and accessibility..
The online corporate meeting services market size is expected to see rapid growth in the next few years. It will grow to $9.28 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to continued remote work culture, hybrid work environments, virtual events and webinars, business continuity and disaster recovery, enhanced user experience.. Major trends in the forecast period include global collaboration requirements, virtual event hosting, user experience and accessibility, technological advancements, hybrid work environments..
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Key Market Players:
Major companies operating in the online corporate meeting services market report are Infinite Conferencing lnc., HP Virtual Rooms, AT&T Connect Support, Communique Conferencing, Glance Networks, Citrix Systems Inc., LifeSize Communications, InstantPresenter, Intercall Nursecall Systems, Avaya Inc., Fuze, New Row, BT Conferencing, Bridgit, Adobe Inc., ClickMeeting, Zoho Corporation, Glowpoint, EyeNetwork, Blue Jeans Network, Conference Calling, Onstream Meetings, UberConference, Orange Business Services, Microsoft Teams, Skype for Business, TeamViewer, GlobalMeet, Cisco Webex Meetings, RingCentral Meetings
Market Drivers:
The increasing adoption of virtual meeting apps is significantly contributing to the growth of the online corporate meeting services market. Virtual meeting apps are video and audio apps and software that connect individuals through the internet. This software typically incorporates video conferencing, chat, responses, and screen sharing options. The recent increase in demand for virtual meeting software is attributable to the gradual move toward remote work operations. This boosts the demand towards the use of online corporate meeting services. For instance, in July 2021, Sensor Tower, a US-based market intelligence and performance metrics company in their article stated that MAUs for Zoom, Microsoft Teams, and Google Meet increased 151% year on year in H1 2021. Furthermore, in Q1 of 2020, there were 147.7 million downloads of video conferencing apps which rose to 479 million downloads in Q2 of 2020. Therefore, an increase in the adoption of virtual meeting apps will drive the online corporate meeting services market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/online-corporate-meeting-services-global-market-report
The online corporate meeting services market covered in this report is segmented -
1) By Service Type: Online Corporate VCS, Online Corporate WCS
2) By Product Type: Voice, Video
3) By Meeting Type: Small Size Meeting, Medium Size Meeting, Large Size Meeting
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
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