The Global Web Conferencing Market
The Global Web Conferencing Market has a rate of CAGR of 5.2% in the forecast period 2022 to 2029
The Global Web Conferencing Market -Global Industry Trends & Forecast to 2029
Web conferencing has emerged as a crucial component of business processes throughout the world. The continuous digitization across various industry verticals has brought many changes in the recent past. Businesses have expanded their work base, allowing employees to work from remote locations. This technology has become a generic platform for key application, such as presentations, training events, lectures, and meetings, especially after the outbreak of COVID-19. Google decided to increase the number of participants in Google Hangouts from 10 to 25 for accruing more customers for web conferencing.
Global Web Conferencing Market was valued at USD 16.62 billion in 2021 and is expected to reach USD 24.93 billion by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. IT and Telecommunications account for the largest end-use segment in the respective market owing to the high use of web conferencing to optimize travel expenses. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Global Web Conferencing Market-Market Scope and Market Size
The web conferencing market is segmented on the basis of component, deployment and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
· Solution
· Services
Deployment
· Managed Web Conferencing
· On-Premises Web Conferencing
· Hosted Web Conferencing
· Software-as-a-Service
End Use
· Education
· Healthcare
· IT and Telecommunications
· Manufacturing
· Media and Entertainment
· Government
· Others
Web Conferencing Market Regional Analysis/Insights
The web conferencing market is analyzed and market size insights and trends are provided by country, component, deployment and end use as referred above.
The countries covered in the web conferencing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Web Conferencing Market
The web conferencing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to web conferencing market.
Some of the major players operating in web conferencing market are
· Microsoft (US)
· Huawei Technologies Co., Ltd. (China)
· Cisco Systems, Inc. (US)
· Adobe. (US)
· Zoom Video Communications, Inc. (US)
· Google LLC (US)
· Avaya Inc. (US)
· LogMeIn, Inc. (US)
· Logitech. (US)
· Barco. (Belgium)
· StarLeaf. (UK)
· Pexip® AS (Norway)
· Amazon Web Services, Inc. (US)
· Blue Jeans Network Inc. (US)
· Enghouse Systems Limited (Canda)
· Qumu Corporation (US)
· Lifesize (US)
· Kaltura, Inc. (US)
· Kollective Technology, Inc. (US)
· Sonic Foundry (US)
· Fuze inc. (US)
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Research Methodology: Global Web Conferencing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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