Global Audio Conferencing Services Market Overview:
Audio conferencing is one of the most popular ways for avoiding the need to go from one location to another by transmitting messages and conducting meetings over the phone. Today's online meetings are thought to have saved the corporation a significant amount of money. The industry for audio conferencing services is now undergoing fast transformations
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological and Communication Advancement in Audio Conferencing Service and Increasing Use of Cloud-based Audio Conferencing Services
Market Growth Drivers:
Rising Demands for Reliable, Cost-effective and Multi-party Communication Establishment Solution coupled with Increasing Travel Costs
Challenges:
Stiff Competition due to a Large Number of Players
Restraints:
Commoditization of Matured technologies as well as services such as video conferencing services
Opportunities:
Evolving Communications Infrastructure and Encouraging Investments to further Strengthen and Establishment of Real-time Communications
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies
Some of the key players profiled in the report are Beanzly (United States), CloudConnect (India), Chorus Call (United States), DSNL (India), PGi (United States), Airtel (India), Free Conference (United States), Vodafone (United Kingdom), ConferIndia (India) and Coreip (India). Analyst at AMA Research see United States Players to retain maximum share of Global Audio Conferencing Services market by 2028. Considering Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Audio Conferencing Services market.
Latest Market Insights:
In April 2022, Bharti Airtel ("Airtel"), a leading telecommunications solutions provider in India, acquired a strategic minority stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program.
In December 2022, Dubber Corporation Limited, the leading conversational intelligence and unified recording platform for service providers and their customers globally, has reached an agreement with Vodafone Group Plc to offer recording and AI services directly from Vodafone mobile networks, targeting Vodafone business customers initially in the UK and Germany
What Can be Explored with the Audio Conferencing Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Audio Conferencing Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Audio Conferencing Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Audio Conferencing Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Audio Conferencing Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Audio Conferencing Services Provider, Industry Associations, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.