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Virtual Meeting App Surge Propels Growth In Online Corporate Meeting Services Market Driver: A Major Catalyst in the Evolution of the Online Corporate Meeting Services Market in 2025
Online Corporate Meeting Services Market Size
The surge in the use of virtual meeting applications is playing a significant role in expanding the online corporate meeting services market. These applications, consisting of both video and audio software, facilitate connection between people over the internet. They usually integrate video conferencing, chat, feedback, and screen sharing facilities. The recent rising demand for these digital meeting solutions is due to companies gradually transitioning towards remote work settings, thus escalating the need for online corporate meeting services. As per Notta, a firm from Japan providing AI-based speech recognition and transcription services, by November 2023, about 34% of businesses will extensively use virtual reality technology for conducting distant meetings so participants feel physically present in the meeting. Zoom's daily meeting participants have increased to approximately 300 million in 2023, which is a 2900% rise from the 2022 figure. Consequently, the implementation of virtual meeting apps is propelling the growth of the online corporate meeting services market.
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What growth opportunities are expected to drive the online corporate meeting services market's CAGR through 2034?
In recent times, the online corporate meeting services market has seen considerable growth. Its market size is projected to increase from $6.04 billion in 2024 to $6.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.7%. The historic growth of this market is a function of various factors including business continuity solutions, globalization, and the trend towards remote work, cost effectiveness and time savings, improved communication tools, and scalability and accessibility.
The market size of online corporate meeting services is projected to experience a swift expansion in the upcoming years, estimated to reach $10.47 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The rise during the forecast period is largely due to the persistence of remote working culture, a blend of virtual and physical workspaces, increased virtual events and webinars, business durability and a contingency plan for disasters, and an improved user interface. Key trends during the estimated period include the demand for global collaborative efforts, hosting of virtual events, usability and accessibility, innovative technology, and a combination of in-person and remote work settings.
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What are the emerging trends shaping the future of the online corporate meeting services market?
Prominent firms in the online corporate meeting services sector are concentrating on creating novel virtual conference platforms like Zoom Events to satisfy the burgeoning requirement for immersive and virtual interactions. Zoom Events offers a one-stop solution for event planners looking to conduct both virtual and hybrid events irrespective of their size. It amalgamates the attributes of Zoom's webinars, meetings, and Team Chat into a single platform, ensuring a smooth experience for both planners and participants. For example, in October 2022, U.S.-based software firm Zoom Video Communications Inc. introduced Zoom Events, an adaptable and robust platform designed to aid in the successful execution of virtual and hybrid events. Zoom Events, with its wide array of features, personalization choices, and additional attributes, is capable of fulfilling the requirements of businesses and organizations of different scales.
Which growth-oriented segments of the online corporate meeting services market are leading the industry's development?
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
Subsegments:
1) By Online Corporate VCS (Video Conferencing Services): High-Definition Video Conferencing, Webinars and Virtual Events, Video Collaboration Tools
2) By Online Corporate WCS (Web Conferencing Services): Screen Sharing And Presentation Tools, Online Training And E-Learning Platforms, Document Collaboration Services
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What regions are leading the charge in the online corporate meeting services market?
North America was the largest region in the online corporate meeting services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online corporate meeting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the online corporate meeting services market?
Major companies operating in the online corporate meeting services market 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
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What Is Covered In The Online Corporate Meeting Services Global Market Report?
• Market Size Forecast: Examine the online corporate meeting services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the online corporate meeting services market for a structured understanding.
• Key Players Overview: Analyze major players in the online corporate meeting services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the online corporate meeting services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the online corporate meeting services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the online corporate meeting services market.
• Industry Challenges: Identify potential risks and obstacles affecting the online corporate meeting services market.
• Competitive Landscape: Review strategic developments in the online corporate meeting services market, including expansions, agreements, and new product launches.
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