About Audio Conferencing Software
The audio conferencing software is a hosted voice connection used widely across the enterprises for conducting virtual meetings among multiple callers at a time for business purposes. As the prevailing pandemic is affecting the economy, business is going remotely popular leading to the increasing demand for audio conferencing software. It has the capability to facilitate the meeting and other professional communications in small as well as large parties for audio conferencing. Audio conferencing solutions often integrate with Web-based solutions, such as Webinars or Web-Conferencing for advanced web-based features such as chat, instant messaging, screen, and file share.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
InterCall (West Corporation) (United States), Premiere Global Services, Inc (GlobaMeet) (United States), LogMeIn, Inc. (Open Voice) (United States), Verizon (United States), Citrix Systems, Inc (United States), 8x8 Inc. (United States), Microsoft Corporation (United States), Avaya Inc. (United States) and LoopUp (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Audio Conferencing Software market by , Application (Large Size Enterprise and Small-medium Size Enterprise) and Region.
On the basis of geography, the market of Audio Conferencing Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Smartphones will boost the Audio Conferencing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Audio Conferencing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. BFSI will boost the Audio Conferencing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological and Communication Advancement in Audio Conferencing Software and Increasing Use of Cloud-based Audio Conferencing Software
Market Growth Drivers:
Growing demand for meeting and calls from all around the globe due to the lockdown situation working from is the option which demands businesses for conference meeting over the call
Challenges:
Stiff Competition due to a Large Number of Players in the Audio Conferencing Software Market
Restraints:
People Inexperience Might not Prefer the Audio Conferencing Software and Privacy-related Risks Associated with Audio Conferencing Software
Opportunities:
Promotion and Advertisement will Boost the Audio Conferencing Software Market
Market Leaders and their expansionary development strategies
In May 2023, CEVA, Inc., the leading licensor of wireless connectivity and smart sensing technologies and custom SoC solutions, today announced the acquisition of the RealSpace® 3D Spatial Audio business, technology and patents from VisiSonics Corporation. Based in Maryland, close to CEVA's sensor fusion R&D development center, the VisiSonics spatial audio R&D team and software extend the Company's application software portfolio for embedded systems, bolstering CEVA's strong market position in hearables, where spatial audio is fast becoming a must-have feature.
In October 2022, Nureva has released the first of its new generation of Nureva audio conferencing systems, designed to bring intelligible audio to large hybrid spaces. The HDL410 combines two Nureva microphone and speaker bars with a new connect module, powered by Microphone Mist technology and a unified coverage map to deliver intelligible audio in large working and learning spaces up to 10.7x16.8 metres.
Key Target Audience
Audio Conferencing Software Developers, Industry Associations, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.