About Conference Software
Conference software facilitates web and video communication live between the two or more parties anywhere around the world using computer networks. The software is widely used in the large, small-medium size enterprises around the world to convey the messages and carry out the meetings sharing the data. As the companies are carrying out ts operation through work from home mode due to the pandemic, the increase for the conference software is increasing to maintain the productivity and efficiency of the work.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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.
Cvent (United States), Circa (United States), EventGeek (United States), NexTech AR Solutions Corp. (Canada), BusyConf (United States), Serenova, LLC (United States), Skype (United States), Cisco Webex (United States), Zoom Video Communications, Inc. (United States), GoToMeeting (LogMeIn, Inc.) (United States) and ConfTool (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Conference Software market by Type (On-Demand Webcasting, Record & Playback Ability and Two-Way Audio & Video), Application (Small-medium Size Enterprise and Large Organization) and Region.
On the basis of geography, the market of Conference 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 Pricing Option, the sub-segment i.e. Free Trial will boost the Conference Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Cloud, SaaS, Web will boost the Conference Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Presentation Tools will boost the Conference Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Artificial Intelligence in the Conference Software
Market Growth Drivers:
Growing Prevalence of Work From Home Operation Due to the Pandemic Worldwide and Need for Conferring Software for Online Meetings
Challenges:
Technological Glitches in the Conference Software
Restraints:
Time Zone Differences Problems with Conference Software
Opportunities:
Technological Advancements in the Conference Software and Growing Demand for the Conference Software from the Brands to Connect to the Customers Worldwide
Market Leaders and their expansionary development strategies
On 10th March 2020, Lifesize and Serenova have merged to eventually deliver a full suite of unified communications and contact center products. The merger is an unusual pairing. Lifesize makes video conferencing hardware and software, while Serenova sells a contact-center-as-a-service platform.
On 16th March 2020, NexTech AR Solutions the leader in augmented reality for eCommerce and AR learning applications announced that it has signed a binding LOI to acquire remote video training, live streaming software company Jolokia; whose customers include, Merck, Toyota CBS, Polycom, and others.
Key Target Audience
Conference Software Developers, Conference Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.