Technology innovation and growing business opportunities had
led the upsurge in the demand for web conferencing market. The growing need for
face-to-face meeting with clients during work time had led the innovation of
new tools that will help the customers to share idea had led to the adoption of
the web conferencing process, which are viewed as the key factor impacting the
growth the web conferencing market positively. According to Trends Market
Research, the web conferencing market will register healthy pace during the
forecast period, 2021-2028.
Factor fuelling
growth of web conferencing market
The study is analyzing a range of micro-economic and
macro-economic factor which will be influencing the growth of the global market
for web conferencing for the approaching years. The constant technology
innovation and need to strengthen productive content from the employees is the
key factor responsible for the growth of the global web conferencing market.
Business communication has become a new trend among the corporate company for
productive software suits which is another driving factor for the growth of the
global web conferencing market. Key benefits associated with the web
conferencing will significantly drive more demand across the multiple
industrial verticals. Growing international business collaboration will develop
the chance for the platforms for the key applications such as training events,
lectures, presentation and meeting that will continue to rev-up the demand for
the web conferencing globally.
In foreseeable future, the increasing number of
new players and rising stiff competition among the players can hamper the
growth of the global web conferencing market. But, increase in adoption of the
web conferencing in different fields of education and commercial sector had
spread more know-how about the web conferencing and its usage in different
industry.
Regional analysis
The study further analyzing the global web conferencing
market on the basis of applications, their usage in the region, on the basis of
product type and the channel of distribution. The major Industries which are
associated with the global web conferencing market includes, manufacturing,
healthcare, pharmaceutical, education, financial services, and banking.
An ongoing regional analysis
being developed in the report reveals North America region as the leading
market for web conferencing applications. A majority of manufactures in the
global web conferencing market are based in countries such as Asia Pacific,
Europe and Japan is expected to witness massive growth. Keeping in mind
about the usage of technologies in educational institutions, IT companies and
many other business firms to deliver productive work during face to face
communication through computer.
Market Players
Companies such as Voxeet,VenueGen, TimeBridge VenueGen,
Teamviewer, Starlight Networks Starlive, OmNovia Technologies, RHUB
Communications Inc.,Netviewer, Skype,
Mikogo, Oracle Beehive, Intercall, BigBlueButton and others are expected to
remain active in the expansion of global market for web conferencing.The
ongoing study recognize eXo Platform with Weemo, VeriShow, IBM Sametime, ACT
Conferencing, Genesys Meeting Center,GoToWebinar, Epiphan Sytive stems, Cisco
WebEx,Elluminate, Calliflower, PowWow365 and Adobe Connect will remain the key
market players in the global market for web conferencing. Owing to stiff competition
companies such as Micrsoft Office Live Meeting, Acrobat Connect Profeshional,
IBM, WEbEX MEetMe Now and Citrix GO To Meeting will offer outstanding service
in the global market for web conferencing.
