Global Web Conferencing Market Overview:
The global web conferencing market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising emergence of virtual business models and rising geographical expansion of organisations across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Rising Emergence of Virtual Business Models
- Geographical Expansion of Organisations Across the World Aiding into the Growth for Collaboration & Conferencing Solutions
- Increasing Adoption of Work from Home Culture Among the Organisations based on Current Scenario Where the Companies Across the World are Companies are Working with Very Limited Resources Propelling the Demand for Web Conferencing Solutions
- Lack of IT Infrastructure in Developing Economies
- Customized Offerings for Various Industry Verticals
- Data Security Challenges in Cloud-based Deployment Models
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Cisco Systems, Inc. (United States), IBM (United States), Microsoft (United States), Oracle (United States), Adobe (United States), Calliflower (United States), West Corporation (United States), Hirasoft Corporation (United States), Avaya, Inc (United States), Citrix Systems (United States), Blackboard, Inc (United States), Saba Software (United States) and CloudConnect Communications Pvt. Ltd. (India). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Web Conferencing market by 2025. Considering Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Web Conferencing market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Web Conferencing market. Considering Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Web Conferencing market. Considering Market by Deployment, the sub-segment i.e. SaaS will boost the Web Conferencing market.
In April 2020, CloudConnect Communications announced that it has announced the launch of WeConference, an audio, video and web conferencing solution which enables HD video conferencing and webinars for brands to connect and collaborate
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Organisaional Operations Reducing the Demand for Web Conferencing Solutions
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Web Conferencing 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 Web Conferencing 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.
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.