About Online Meeting Software
Online meeting software provides a channel for individuals or teams to connect, collaborate, and hold meetings from anywhere via the Internet. Video and audio conferencing, screen sharing, chat messaging, and capability to share files and integrate calendar processes are commonly available features of online meeting software. Online meeting software forms the basis of practically all modern-day workplace collaboration tools. Some of the commonly used online meeting software include Zoom, Microsoft Teams, Google Meet, and Skype. These tools have been important for most organizations in business, education, and other organizations to maintain the flow of communication and productivity whether the work is done entirely in person or partially at home. These online meeting software facilitate the handling of webinars, workshops, and virtual events of high attendance. Security features that mainly aim towards maintaining data privacy such as encryption and password protection are available in most of these online meeting platforms. Overall, they help to enhance communications while providing all the collaborative tools with just one package.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
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.
Zoom (San Jose, USA), Microsoft Teams (Redmond, USA), Cisco (San Jose, USA), Google (Mountain View, USA), GoToMeeting (Boston, USA), Verizon (New York, USA), Alibaba (Hangzhou, China), Slack (San Francisco, USA), Join.me (Boston, USA), Adobe (San Jose, USA), AnyMeeting (Irvine, USA), RingCentral (Belmont, USA), Zoho (Chennai, India), Jitsi (Global/Distributed) and Lifesize (Austin, USA) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Meeting Software market by and Region.
On the basis of geography, the market of Online Meeting 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 Organization Size, the sub-segment i.e. Large Enterprises will boost the Online Meeting 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 Online Meeting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deplyment Model, the sub-segment i.e. Cloud-based will boost the Online Meeting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component Type , the sub-segment i.e. Software will boost the Online Meeting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of artificial intelligence (AI) and machine learning has enhanced functionalities like real-time transcription,
Market Growth Drivers:
Increased the demand for reliable online meeting solutions and Adoption of cloud-based platforms offers scalability and flexibility
Challenges:
Technical Issues
Restraints:
Security and Privacy Concerns
Opportunities:
Growing concerns over data privacy, platforms are implementing end-to-end encryption
Market Leaders and their expansionary development strategies
In may 2024, Google announced the advancement of Project Starline, a video conferencing system designed to create more natural virtual interactions, moving towards commercial availability in partnership with HP.
In August 2024, Zoom integrated an AI-driven document tool within its app, allowing users to create and share documents directly from meetings, aiming to compete with Microsoft and Google.
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.