Market Overview:
The global audio conferencing software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and web-based audio conferencing software solutions by large enterprises and SMEs across the globe. Additionally, the growing trend of BYOD (Bring Your Own Device) is also contributing significantly to the growth of this market. North America is expected to lead the global audio conferencing software market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Audio conferencing software is a type of program used to facilitate audio conferences between multiple participants. This type of software can be used in a variety of settings, such as business meetings, training sessions, or other group gatherings. By using audio conferencing software, participants can communicate with each other by voice over the internet instead of having to travel to meet in person. This can be helpful for organizations that have employees located in different parts of the world, as it allows them to hold meetings and collaborate more easily. Additionally, audio conferencing software can help reduce costs associated with traveling for work-related purposes.
Cloud Based:
Cloud-based software is a type of software service model that provides shared resources, which can be used by multiple users from different organizations and industries without the need for installing any additional hardware. The service includes services such as data storage, application hosting, and remote desktop virtualization among others. It also offers benefits such as on-demand availability of computing resources (such as bandwidth and processing power), cost effectiveness, scalability up to some extent along with flexibility in terms of infrastructure deployment.
Web Based:
The Web Based (WBF) is a software-based communication system that uses the internet as its medium of transmission. It is also known as Internet Telephony or Voice over Internet Protocol (VoIP). WBF systems are used to communicate in real-time using text messages, voice calls, and video conferences. The audio conferencing market has been witnessing an upsurge in demand due to the increased usage of VoIP technology worldwide.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. Audio conferencing software has a wide range of applications in large enterprises as well as small and medium-sized businesses. The need for managing multiple meetings at the same time is increasing with each other person traveling from different locations, which demands audio conferencing solutions that can manage several meetings at once with ease. Large organizations usually have a dedicated team that handles IT infrastructure, thus they are more likely to use audio conferencing software owing to its benefits such as cost-effectiveness and easy installation process.
Audio conferencing software has numerous features such as screen sharing, whiteboard support, document collaboration tools among others that help improve communication within an organization thereby driving its adoption across all sizes of business groups. Moreover, these solutions also offer mobile access to all meeting minutes along with detailed transcripts which further helps SMEs & remote workers collaborate effectively without being physically present together.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of industry players, such as Cisco Systems, Inc., Google LLC, and Microsoft Corporation. These companies are continuously developing innovative audio conferencing solutions that enable real-time collaboration among users across the globe. Moreover, increasing demand for high-quality audio conferencing software due to growing popularity of online meetings is expected to drive regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing adoption of cloud services in emerging economies such as India and China. Furthermore, rising investments by governments in these countries for implementation of advanced technologies will also have a positive impact on regional market development over next few years.
Growth Factors:
- Increasing demand for audio conferencing software from small and medium businesses (SMBs) due to the growing need for collaboration and communication among employees working remotely.
- The increasing trend of Bring Your Own Device (BYOD) in enterprises, which is driving the demand for audio conferencing software as it allows employees to connect with each other seamlessly using their personal devices.
- Rapid growth of cloud-based audio conferencing services, which are easier to use and provide more features than traditional on-premises solutions, is fueling the growth of the market.
- Rising awareness about the benefits of audio conferencing software among businesses is propelling its adoption across different industry verticals.
- Growing number of mergers and acquisitions in the market is resulting in consolidation of vendors, thereby providing a boost to the overall growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Audio Conferencing Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
InterCall, CallHippo, GlobalMeet, OpenVoice, Conference Caller, LoopUp, BT MeetMe, Verizon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Audio Conferencing Software Market Report Segments:
The global Audio Conferencing Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- InterCall
- CallHippo
- GlobalMeet
- OpenVoice
- Conference Caller
- LoopUp
- BT MeetMe
- Verizon
Highlights of The Audio Conferencing Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Audio Conferencing Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Audio conferencing software is a type of software that allows users to communicate with each other over the internet or through a telephone line. This software can be used for a variety of purposes, such as meeting with clients or employees, conducting training sessions, and more.
Some of the major players in the audio conferencing software market are InterCall, CallHippo, GlobalMeet, OpenVoice, Conference Caller, LoopUp, BT MeetMe, Verizon.
The audio conferencing software market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Audio Conferencing Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Audio Conferencing Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Audio Conferencing Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Audio Conferencing Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Audio Conferencing Software Market Size & Forecast, 2018-2028
4.5.1 Audio Conferencing Software Market Size and Y-o-Y Growth
4.5.2 Audio Conferencing Software Market Absolute $ Opportunity
Chapter 5 Global Audio Conferencing Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Audio Conferencing Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Audio Conferencing Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Audio Conferencing Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Audio Conferencing Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Audio Conferencing Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Audio Conferencing Software Analysis and Forecast
9.1 Introduction
9.2 North America Audio Conferencing Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Audio Conferencing Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Audio Conferencing Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Audio Conferencing Software Analysis and Forecast
10.1 Introduction
10.2 Europe Audio Conferencing Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Audio Conferencing Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Audio Conferencing Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Audio Conferencing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Audio Conferencing Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Audio Conferencing Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Audio Conferencing Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Audio Conferencing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Audio Conferencing Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Audio Conferencing Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Audio Conferencing Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Audio Conferencing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Audio Conferencing Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Audio Conferencing Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Audio Conferencing Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Audio Conferencing Software Market: Competitive Dashboard
14.2 Global Audio Conferencing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 InterCall
14.3.2 CallHippo
14.3.3 GlobalMeet
14.3.4 OpenVoice
14.3.5 Conference Caller
14.3.6 LoopUp
14.3.7 BT MeetMe
14.3.8 Verizon
