Press release
Online Corporate Meeting Services Market Share, New Trends And Forecast From 2024-2033
Online Corporate Meeting Services Market
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.
Market Overview -
The online corporate meeting services refers to virtual meeting platforms with video programmes and software that connect corporate people over the internet. The software includes a meeting platform for scheduling, hosting, and storing online meetings. It is used to improve the connection between people giving everyone the opportunity to attend meetings from their desks.
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Virtual Meeting App Surge Propels Growth In Online Corporate Meeting Services Market
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.
Competitive Landscape -
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
Innovative Solutions Driving The Online Corporate Meeting Services Market
Major companies operating in the online corporate meeting services market are focused on introducing innovative virtual conference platforms, such as Zoom Events, to meet the increasing demand for immersive and engaging virtual experiences. Zoom Events provides a comprehensive solution for event organizers to host virtual and hybrid events of any size. It brings together the features of Zoom webinars, Zoom meetings, and Team Chat into one platform, offering a seamless experience for both organizers and attendees. For instance, in October 2022, Zoom Video Communications Inc., a US-based software company, launched Zoom Events, a powerful and flexible platform that can help you create successful virtual and hybrid events. With its variety of features, customization options, and add-on features, Zoom Events can meet the needs of businesses and organizations of all sizes.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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