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Online Corporate Meeting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global online corporate meeting services market size reached US$ 5.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.1 Billion by 2027, exhibiting a growth rate (CAGR) of 6.04% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Online corporate meeting services are a mode of communication used between an enterprise and its employees or various stakeholders through video and web conferencing. This service aids in effective communication through media-rich data and voice sharing applications. The user can conduct live meetings, conferences, presentations and training sessions through these services. These services significantly contribute to a free and transparent interaction between all the participants irrespective of their location.

The rising trend of globalization, along with the high internet penetration rate, is one of the key factors driving the market growth. These trends have led to the emergence of the virtual workspace, which is gaining immense preference across the globe, owing to its flexibility. The online corporate meeting service forms an integral part of virtual workspaces where one can instantly collaborate on projects, share their knowledge base and utilize mobile and cloud computing facilities. This also assists in reducing the transportation costs and travel time associated with in-person meetings as well as providing work-time flexibility. Furthermore, the ongoing trend of information technology (IT) consumerization, including increasing adoption of video and mobile conferencing among small and medium-sized organizations to effectively perform daily operations, is also fostering the demand for these services across the globe. Additionally, improved user experience, product simplification, smart workflow mechanisms of web conferencing and reduced operational costs of the organizations are some of the other factors contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global online corporate meeting services market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on service type and meeting type.

Breakup by Service Type:

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

Breakup by Meeting Type:

  • Small Size Meeting
  • Medium Size Meeting
  • Large Size Meeting
     

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Adobe Inc., Avaya Inc, Blue Jeans Network Inc., Citrix Systems, Inc., AT&T Inc., Bridgit Inc., Zoho Corporation, Newrow_ Inc., Vidyo Inc., BT Group, ClickMeeting, Communiqué Conferencing Inc., EyeNetwork, Fuze, Inc., and Cisco WebEx, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service Type, Meeting Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Adobe Inc., Avaya Inc, Blue Jeans Network Inc., Citrix Systems, Inc., AT&T Inc., Bridgit Inc., Zoho Corporation, Newrow_ Inc., Vidyo Inc., BT Group, ClickMeeting, Communiqué Conferencing Inc., EyeNetwork, Fuze, Inc., and Cisco WebEx
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Online Corporate Meeting Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Service Type
    5.5    Market Breakup by Meeting Type
    5.6    Market Breakup by Region
    5.7    Market Forecast
6    Market Breakup by Service Type
    6.1    Online Corporate VCS (Video Conferencing Services) 
        6.1.1    Market Trends 
        6.1.2    Market Breakup by Type
                 6.1.2.1   On-premises VCS            
                 6.1.2.2   Hosted VCS
                 6.1.2.3   Managed VCS
        6.1.3    Market Forecast 
    6.2    Online Corporate WCS (Web Conferencing Services) 
        6.2.1    Market Trends 
        6.2.2    Market Breakup by Type
                 6.2.2.1   On-premises WCS
                 6.2.2.2   Hosted WCS
        6.2.3    Market Forecast 
7    Market Breakup by Meeting Type 
    7.1    Small Size Meeting
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Medium Size Meeting
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Large Size Meeting
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Europe
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Asia Pacific
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Adobe Inc.
        13.3.2    Avaya Inc
        13.3.3    Blue Jeans Network Inc.
        13.3.4    Citrix Systems, Inc.
        13.3.5    AT&T Inc.
        13.3.6    Bridgit Inc.
        13.3.7    Zoho Corporation
        13.3.8    Newrow_ Inc.
        13.3.9    Vidyo Inc.
        13.3.10  BT Group
        13.3.11   ClickMeeting
        13.3.12   Communiqué Conferencing Inc.
        13.3.13   EyeNetwork
        13.3.14   Fuze, Inc.
        13.3.15   Cisco WebEx

List of Figures

Figure 1: Global: Online Corporate Meeting Services Market: Major Drivers and Challenges
Figure 2: Global: Online Corporate Meeting Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Online Corporate Meeting Services Market: Breakup by Service Type (in %), 2021
Figure 4: Global: Online Corporate Meeting Services Market: Breakup by Meeting Type (in %), 2021
Figure 5: Global: Online Corporate Meeting Services Market: Breakup by Region (in %), 2021
Figure 6: Global: Online Corporate Meeting Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Online Corporate Meeting Services Industry: SWOT Analysis
Figure 8: Global: Online Corporate Meeting Services Industry: Value Chain Analysis
Figure 9: Global: Online Corporate Meeting Services Industry: Porter’s Five Forces Analysis
Figure 10: Global: Online Corporate Meeting Services (Online Corporate VCS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Online Corporate Meeting Services (Online Corporate VCS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Online Corporate Meeting Services (Online Corporate WCS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Online Corporate Meeting Services (Online Corporate WCS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Online Corporate Meeting Services (Small Size Meeting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Online Corporate Meeting Services (Small Size Meeting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Online Corporate Meeting Services (Medium Size Meeting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Online Corporate Meeting Services (Medium Size Meeting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Online Corporate Meeting Services (Large Size Meeting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Online Corporate Meeting Services (Large Size Meeting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: North America: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: North America: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Europe: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Europe: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Asia Pacific: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Asia Pacific: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Middle East and Africa: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Middle East and Africa: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Latin America: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Latin America: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Online Corporate Meeting Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Online Corporate Meeting Services Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 3: Global: Online Corporate Meeting Services Market Forecast: Breakup by Meeting Type (in Million US$), 2022-2027
Table 4: Global: Online Corporate Meeting Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Online Corporate Meeting Services Market Structure
Table 6: Global: Online Corporate Meeting Services Market: Key Players


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Key Questions Answered in This Report

The global online corporate meeting services market was valued at US$ 5.0 Billion in 2021.

We expect the global online corporate meeting services market to exhibit a CAGR of 6.04% during 2022-2027.

The rising penetration of internet, along with the increasing adoption of virtual workspace across small and medium-sized organizations to effectively perform daily operations, is primarily driving global online corporate meeting services market.

The sudden outbreak of the COVID-19 pandemic has led to the rising deployment of remote working model resulting in the escalating requirement of online corporate meeting services to implement effective business communication solutions through various online applications, during lockdown scenario.

Based on the service type, the global online corporate meeting services market has been segmented into online corporate VCS (Video Conferencing Services) and online corporate WCS (Web Conferencing Services). Currently, online corporate VCS (Video Conferencing Services), including on-premises VCS holds the majority of the total market share.

Based on the meeting type, the global online corporate meeting services market can be divided into small size meeting, medium size meeting, and large size meeting. Among these, medium size meeting exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global online corporate meeting services market include Adobe Inc., Avaya Inc, Blue Jeans Network Inc., Citrix Systems, Inc., AT&T Inc., Bridgit Inc., Zoho Corporation, Newrow_ Inc., Vidyo Inc., BT Group, ClickMeeting, Communiqué Conferencing Inc., EyeNetwork, Fuze, Inc., Cisco WebEx, etc.

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