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The online corporate meeting services market share is expected to increase to USD 5.58 billion from 2021 to 2026, at a CAGR of 14.78%.
This online corporate meeting services market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers online corporate meeting services market segmentation by application (corporate video conferencing services and corporate web conferencing services) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The online corporate meeting services market report also offers information on several market vendors, including 8x8 Inc., Adobe Inc., Alphabet Inc., AT and T Inc., Avaya Holdings Corp., Cisco Systems Inc., ClickMeeting SP Z O O, Digital Samba SL, Express Virtual Meetings Pty Ltd., Internet MegaMeeting LLC, Kaltura Inc., Microsoft Corp., NTT Corp., Onstream Media Corp., Orange SA, Pexip Holding ASA, Veeting AG, Verizon Communications Inc., Yirigaa, Zoho Corp. Pvt. Ltd., and Zoom Video Communications Inc. among others.
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The expansion of MNCs is notably driving the online corporate meeting services market growth, although factors such as the presence of offline meetings as an alternative may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online corporate meeting services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Online Corporate Meeting Services Market Driver
Key Online Corporate Meeting Services Market Trend
The above-mentioned benefits of the virtual meeting will drive the online corporate meeting services market growth during the forecast period.
Key Online Corporate Meeting Services Market Challenge
This online corporate meeting services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global online corporate meeting services market as a part of the global interactive media and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online corporate meeting services market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the online corporate meeting services market encompasses successful business strategies deployed by the key vendors. The online corporate meeting services market is fragmented and the vendors are deploying growth strategies such as M&A activities to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The online corporate meeting services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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40% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for online corporate meeting services in North America. However, market growth in this region will be slower than the growth of the market in APAC.
The presence of a strong corporate structure will facilitate the online corporate meeting services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, COVID-19-induced lockdowns had devastating effects on the regional economy. In view of this, organizations shifted to online meeting platforms significantly with the shutdown of offices due to the COVID-19 pandemic. Moreover, it is anticipated that online web and video meetings will be adopted by most organizations owing to their cost advantages, which, in turn, will drive the growth of the market during the forecast period.
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The online corporate meeting services market share growth in the corporate video conferencing services segment will be significant during the forecast period. Video conferencing provides the advantage of viewing the expressions and reactions of other people in addition to being able to hear their voices. It has various benefits such as it enables real-time collaboration, increasing productivity, and saving time. Buyers can access room-based video conferencing devices and integrated tools, desktop video conferencing, and even video-based events and presentations. These benefits will drive the online corporate meeting services market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the online corporate meeting services market size and actionable market insights on the post-COVID-19 impact on each segment.
Our report provides extensive information on the value chain analysis for the online corporate meeting services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Online Corporate Meeting Services Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 14.78% |
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Market growth 2022-2026 |
$ 5.58 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
23.67 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 40% |
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Key consumer countries |
US, Canada, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
8x8 Inc., Adobe Inc., Alphabet Inc., AT and T Inc., Avaya Holdings Corp., Cisco Systems Inc., ClickMeeting SP Z O O, Digital Samba SL, Express Virtual Meetings Pty Ltd., Internet MegaMeeting LLC, Kaltura Inc., Microsoft Corp., NTT Corp., Onstream Media Corp., Orange SA, Pexip Holding ASA, Veeting AG, Verizon Communications Inc., Yirigaa, Zoho Corp. Pvt. Ltd., and Zoom Video Communications Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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