The global online corporate meeting services market was worth US$ 4.9 Billion in 2019. 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. Looking forward, IMARC Group expects the global online corporate meeting services market to exhibit moderate growth during the next five years.
Report Coverage:
- Historical, Current and Future Market Trends
- Market 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
- Market Breakup by Meeting Type:
- Small Size Meeting
- Medium Size Meeting
- Large Size Meeting
- Market 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, Avaya, Blue Jeans Network, Citrix Systems, AT&T Connect Support, Bridgit, Zoho, New Row, Vidyo, BT Conferencing, ClickMeeting, Communique Conferencing, EyeNetwork, Fuze/FuzeBox, Cisco WebEx, etc.
The global online corporate meeting services market size reached US$ 4.9 Billion in 2019.
The global online corporate meeting services market is primarily driven by the emergence of virtual workspaces with efficient collaboration tools and smart workflow mechanisms. This is further supported by the significant rise in remote work activities on account of the coronavirus pandemic (COVID-19)
The major trends in the market include information technology (IT) consumerization and the integration of advanced features, such as screen sharing, meeting recording and event live streaming, with virtual workspaces.
On the basis of the service type, the market has been bifurcated into online corporate video conferencing (on-premises, hosted and managed VCS) and online corporate web conferencing (on-premises and hosted WCS) services.
The key players of the online corporate meeting services market include Adobe, Avaya, Blue Jeans Network, Citrix Systems, AT&T Connect Support, Bridgit, Zoho, New Row, Vidyo, BT Conferencing, ClickMeeting, Communique Conferencing, EyeNetwork, Fuze/FuzeBox, and Cisco WebEx., Zoom Video Communications Inc.
Based on the meeting type, the global market has been divided into small, medium and large meetings.
On the geographical front, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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
13.3.2 Avaya
13.3.3 Blue Jeans Network
13.3.4 Citrix Systems
13.3.5 AT&T Connect Support
13.3.6 Bridgit
13.3.7 Zoho
13.3.8 New Row
13.3.9 Vidyo
13.3.10 BT Conferencing
13.3.11 ClickMeeting
13.3.12 Communique Conferencing
13.3.13 EyeNetwork
13.3.14 Fuze/FuzeBox
13.3.15 Cisco WebEx
List of Figure
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$), 2014 - 2019
Figure 3: Global: Online Corporate Meeting Services Market: Breakup by Service Type (in %), 2019
Figure 4: Global: Online Corporate Meeting Services Market: Breakup by Meeting Type (in %), 2019
Figure 5: Global: Online Corporate Meeting Services Market: Breakup by Region (in %), 2019
Figure 6: Global: Online Corporate Meeting Services Market Forecast: Sales Value (in Billion US$), 2020-2025
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$), 2014 & 2019
Figure 11: Global: Online Corporate Meeting Services (Online Corporate VCS) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Online Corporate Meeting Services (Online Corporate WCS) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Online Corporate Meeting Services (Online Corporate WCS) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Online Corporate Meeting Services (Small Size Meeting) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Online Corporate Meeting Services (Small Size Meeting) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Online Corporate Meeting Services (Medium Size Meeting) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Online Corporate Meeting Services (Medium Size Meeting) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Online Corporate Meeting Services (Large Size Meeting) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Online Corporate Meeting Services (Large Size Meeting) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: North America: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: North America: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Europe: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Europe: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Asia Pacific: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Asia Pacific: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Middle East and Africa: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Middle East and Africa: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Latin America: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Latin America: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Online Corporate Meeting Services Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Online Corporate Meeting Services Market Forecast: Breakup by Service Type (in Million US$), 2020-2025
Table 3: Global: Online Corporate Meeting Services Market Forecast: Breakup by Meeting Type (in Million US$), 2020-2025
Table 4: Global: Online Corporate Meeting Services Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: Global: Online Corporate Meeting Services Market Structure
Table 6: Global: Online Corporate Meeting Services Market: Key Players