Conference Software Market Definition
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.
The market study is broken down by Type (On-Demand Webcasting, Record & Playback Ability and Two-Way Audio & Video), by Application (Small-medium Size Enterprise and Large Organization) and major geographies with country level splits.
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.
AdvanceMarketAnalytics has segmented the market of Global Conference Software market by Type, Application 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.
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.
- Introduction of Artificial Intelligence in the Conference Software
- Growing Prevalence of Work From Home Operation Due to the Pandemic Worldwide
- Need for Conferring Software for Online Meetings
- Technological Advancements in the Conference Software
- Growing Demand for the Conference Software from the Brands to Connect to the Customers Worldwide
- Time Zone Differences Problems with Conference Software
- Technological Glitches in the Conference Software
Key Target AudienceConference Software Developers, Conference Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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