This Web Conferencing market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Web Conferencing market.
Globalization has brought many changes with it in the recent past. Currently, no business is restricted to one place. It is required collaboration with all the international and domestics players. Collaboration is new mantra adopted largely by all the enterprises. Which is found increasingly useful. Key challenge that companies were facing a combination of right collaboration toolsthat can help marketeers to exchange the idea and communicate to each other as effective as a face to face meeting. This has made the web conferencing a key differentiating medium due to requirement of communicating with clientele in the real time.
Web conferencing market has seen an extensive growth due to its various features mentioned above, and it has become a generic platforms for the key application such as meetings, presentations, lectures, training events. Eventually web conferencing has become a key factor in business process and productive software suites. This will drive the web conferencing market in the near future.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Owing to the stiff completion in the global webconferencing market, these companies offer remarkable services such as Citrix GO To Meeting, WEbEX MEetMe Now, IBM, Acrobat Connect Profeshional, and Micrsoft Office Live Meeting.
Some of the end-use industries in the global web conferencing market include Banking and Financial Services, Education, Pharmaceutical/Healthcare, Manufacturing,
Government, Information Technology, and others. Among all the aforementioned end-use segments, Information Technology (IT) segmented accounted for the largest market share with 24% of the total share in 2014. Others segment represented 21% share to the global web conferencing market in the same year. Furthermore, Banking and financial services, manufacturing, and healthcare segment accounted for 16%, 15%, and 14% each respectively in 2014. Government segment accounted for low market share of 4% in 2014. This government segment is still follow the traditional medium for business and is yet to adopt the technology innovation.
Furthermore, web conferencing has become a new trend for communication especially for commercial segment. The need for enhanced productivity from employees, and constant need of technology innovation are the key factors driving the web conferencing market over the next five years.
The global web conferencing market highlights the key insights about the regions include North America, Europe, Asia Pacific, and Rest of the World (RoW).
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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According to the market research, the web conferencing market was value at US$ 1.80 Bn in 2012. The web conferencing market is expected to reach at US$ 2.88 Bn by 2017, exhibiting a CAGR of 9.8% between 2012 and 2017. Factors driving the web conferencing market include;
- Saving travel cost and ROI
- Growing awareness and User-friendly
- Environmental Imperatives
- Need for enhancing productivity
- Need for social networking
- Growth of Virtual Employee
- Migration to UC
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint