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Global Online Corporate Meeting Services Market to Reach US$ 5.95 Billion by 2026, Propelled by Increasing Adoption of Remote Working Models

COVID-19
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Online Corporate Meeting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global online corporate meeting services market reached a value of US$ 4.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. 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 for growth at the global and regional level from 2021-2026. 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, 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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, 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
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
        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$), 2015 - 2020
Figure 3: Global: Online Corporate Meeting Services Market: Breakup by Service Type (in %), 2020
Figure 4: Global: Online Corporate Meeting Services Market: Breakup by Meeting Type (in %), 2020
Figure 5: Global: Online Corporate Meeting Services Market: Breakup by Region (in %), 2020
Figure 6: Global: Online Corporate Meeting Services Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 11: Global: Online Corporate Meeting Services (Online Corporate VCS) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Online Corporate Meeting Services (Online Corporate WCS) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Online Corporate Meeting Services (Online Corporate WCS) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Online Corporate Meeting Services (Small Size Meeting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Online Corporate Meeting Services (Small Size Meeting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Online Corporate Meeting Services (Medium Size Meeting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Online Corporate Meeting Services (Medium Size Meeting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Online Corporate Meeting Services (Large Size Meeting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Online Corporate Meeting Services (Large Size Meeting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: North America: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: North America: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Europe: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Europe: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Asia Pacific: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Asia Pacific: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Middle East and Africa: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Middle East and Africa: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Latin America: Online Corporate Meeting Services Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Latin America: Online Corporate Meeting Services Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Online Corporate Meeting Services Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Online Corporate Meeting Services Market Forecast: Breakup by Service Type (in Million US$), 2021-2026
Table 3: Global: Online Corporate Meeting Services Market Forecast: Breakup by Meeting Type (in Million US$), 2021-2026
Table 4: Global: Online Corporate Meeting Services Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Online Corporate Meeting Services Market Structure
Table 6: Global: Online Corporate Meeting Services Market: Key Players

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Key Question Answered in this Report

The global online corporate meeting services market reached a value of US$ 4.2 Billion in 2020.

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.  

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