Online Corporate Meeting Services Market Share, Size, Region, Key Player and Forecast Till 2024

Global Online Corporate Meeting Services Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Online Corporate Meeting Services Market Overview: According to the latest report by IMARC Group, titled “ Online Corporate Meeting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity a nd Forecast 2019-2024 �, the global online corporate meeting services market size reached US$ 4.5 Billion in 2018. Online corporate meeting services are utilized to facilitate online meetings between an enterprise and its employees or stakeholders over the internet. Consisting of video conferencing systems and cameraembedded devices, such as mobile phones, tablets and laptops, these services are utilized for effective communication through live meetings, conferences, presentations and training sessions in an organization. These services are affordable while being easily accessible to the majority of the employees, especially for those who reside at faraway locations, as it enables them to communicate with their team members conveniently. These meeting services are, therefore, gaining widespread popularity among corporations, owing to the convenience offered by them while providing a transparent interaction between the participants.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Global Online Corporate Meeting Services Market Trends The global market is primarily driven by the emergence of virtual workspaces. A virtual workspace is equipped with collaboration and communication tools to replicate a physical office space and connect with remotely located teams on a regular basis. These workspaces are continually integrating cloudbased services with their communication tools to enhance the overall experience of the participants.

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This, along with a significant rise in internet penetration rates, is providing a boost to the sales of online corporate meeting services. Moreover, online meetings aid employees as well as employers to communicate with their team members in a fast and secure way, irrespective of physical location.

Features, such as audio conferencing, screen sharing, meeting recording and event live streaming, not only enhance an organization’s ability to collaborate on a global level but also assist in speeding their decision-making process while offering work-time flexibility and reducing travel expenses. Furthermore, constant advancements are also projected to provide a thrust to the market growth. For instance, Zoom Video Communications, Inc., a California-based company, has facilitated the participation of up to 1,000 participants at the same time and up to 49 videos on a single screen. Such initiatives by various corporate organizations across the globe are expected to create a positive outlook for the market. On account of the aforementioned factors, the market is expected to reach a value of US$ 7.1 Billion by 2024, registering a CAGR of around 8% during 2019-2024.

Online Corporate Meeting Services Market Segmentation Market Segmentation by Service Type •

Online Corporate VCS (Video Conferencing Services) o On-premises VCS

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•

o Hosted VCS o Managed VCS Online Corporate WCS (Web Conferencing Services) o On-premises WCS o Hosted WCS

On the basis of the service type, the market has been bifurcated into online corporate video conferencing services (VCS) and online corporate web conferencing services (WCS).

Browse Full TOC Report: https://www.imarcgroup.com/online-corporate-meeting-services-market Market Segmentation by Meeting Type • • •

Small Size Meeting Medium Size Meeting Large Size Meeting

Based on the meeting type, the market has been divided into small size, medium size and large size meetings.

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Report Description Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

On the geographical front, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Adobe Avaya Blue Jeans Network

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Citrix Systems AT&T Connect Support Bridgit Zoho New Row Vidyo BT Conferencing ClickMeeting Communique Conferencing EyeNetwork Fuze/FuzeBox Cisco WebEx

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