Online Corporate Meeting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Online Corporate Meeting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • September 2021 •
  • 106 pages •
  • Report ID: 5808113 •
  • Format: PDF
The global online corporate meeting services market reached a value of US$ 4.2 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Online corporate meeting services are a mode of communication used between an enterprise and its employees or various stakeholders through video and web conferencing. This service aids in effective communication through media-rich data and voice sharing applications. The user can conduct live meetings, conferences, presentations and training sessions through these services. These services significantly contribute to a free and transparent interaction between all the participants irrespective of their location.

The rising trend of globalization, along with the high internet penetration rate, is one of the key factors driving the market growth. These trends have led to the emergence of the virtual workspace, which is gaining immense preference across the globe, owing to its flexibility. The online corporate meeting service forms an integral part of virtual workspaces where one can instantly collaborate on projects, share their knowledge base and utilize mobile and cloud computing facilities. This also assists in reducing the transportation costs and travel time associated with in-person meetings as well as providing work-time flexibility. Furthermore, the ongoing trend of information technology (IT) consumerization, including increasing adoption of video and mobile conferencing among small and medium-sized organizations to effectively perform daily operations, is also fostering the demand for these services across the globe. Additionally, improved user experience, product simplification, smart workflow mechanisms of web conferencing and reduced operational costs of the organizations are some of the other factors contributing to the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global online corporate meeting services market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on service type and meeting type.

Breakup by Service Type:
Online Corporate VCS (Video Conferencing Services)
On-premises VCS
Hosted VCS
Managed VCS
Online Corporate WCS (Web Conferencing Services)
On-premises WCS
Hosted WCS

Breakup by Meeting Type:
Small Size Meeting
Medium Size Meeting
Large Size Meeting

Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Adobe, Avaya, Blue Jeans Network, Citrix Systems, AT&T Connect Support, Bridgit, Zoho, New Row, Vidyo, BT Conferencing, ClickMeeting, Communique Conferencing, EyeNetwork, Fuze/FuzeBox, Cisco WebEx, etc.