Market Overview:
The global cloud meetings and team collaboration services market is expected to grow from USD 9.02 billion in 2018 to USD 17.01 billion by 2030, at a CAGR of 8.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based meeting and team collaboration services among enterprises across the globe. Moreover, the growing trend of Bring Your Own Device (BYOD) is also fueling the growth of this market.
Product Definition:
Cloud Meetings and Team Collaboration Services are services that allow people to collaborate on projects or meetings online. This can be done through chat, video conferencing, or other tools that allow for online collaboration. These services are important because they allow people to work together from anywhere in the world without having to be in the same physical location.
Software:
Software is the Execution Environment of CloudMeets. It's a set of tools and processes that help to run meetings, communicate effectively & share content in real-time across multiple platforms such as mobile devices & computers. Software helps to improve collaboration between teams by streamlining communication process and increasing transparency in meetings.
The software provides features such as screen sharing, video conferencing, document editing and voice recognition which increases productivity during meetings significantly.
Services:
Cloud meetings and team collaboration services are emerging as a new trend in the IT world. The growing demand for remote working, increased need to share data effectively, and lower cost of technology are some of the factors driving this market growth. Services & it's usage in cloud meetings is expected to grow at a significant rate over the forecast period owing to increasing use of mobile devices, video conferencing tools along with improved internet connectivity across all regions.
Application Insights:
The banking, financial services and insurance application segment led the market in 2017. The growth can be attributed to the increasing use of collaboration tools by banks and other financial institutions to improve their internal processes. Furthermore, an increase in demand for cloud meetings and team collaboration services among IT professionals working with banks is expected to drive the segment over the forecast period.
The retail application segment is anticipated to register a significant CAGR over the forecast period owing to factors such as growing e-commerce activities across various regions coupled with increasing consumer preference for shopping from home using web conferencing applications has boosted demand for these solutions among retailers globally. Moreover, companies such as Microsoft Corporation; Google Inc.; Cisco Systems, Inc.; IBM Corporation; Amazon Web Services LLC; Apple Inc.; Baidu Ltd., etc., are offering web conferencing solutions that enable retailers worldwide to conduct meetings remotely while improving customer service quality at reduced costs. This trend is expected drive industry growth over next seven years or so.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing adoption of cloud technology, high disposable income, and growing demand for on-demand meeting spaces. Asia Pacific is expected to witness significant growth over the forecast period owing to rising investments by companies in countries such as China and Japan. Furthermore, increasing number of small & medium enterprises (SMEs) that need efficient collaboration tools will drive regional market growth over the next eight years.
The European regional market contributed significantly towards revenue generation in 2017 due to early adoption of technologies across various industries including banking financial services & insurance; retail healthcare government IT and telecom media & entertainment others).
Growth Factors:
- Increased demand for BYOD (Bring Your Own Device) policies in the workplace, as employees want to use their own devices for work purposes.
- The growth of mobile working, as employees want to be able to work from anywhere at any time.
- The rise of remote working, as businesses see the benefits of having a remote workforce.
- The need for better communication and collaboration tools in order to improve productivity and efficiency within businesses.
- The increasing popularity of cloud-based services, which makes it easier and more affordable for businesses to adopt cloud-based meeting and collaboration tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Meetings and Team Collaboration Services Market Research Report
By Type
Software, Services
By Application
Banking Financial Services & Insurance, Retail, Healthcare, Government, IT and Telecom, Media & Entertainment, Others
By Companies
Cisco Systems, Inc, Citrix Systems, Inc, Hewlett-Packard Development Company, L.P, IBM Corporation, Microsoft Corporation, Polycom, Inc, Unify, Inc. (Atos SE), Evernote, Huawei, Tencent, Alibaba, Feishu
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Meetings and Team Collaboration Services Market Report Segments:
The global Cloud Meetings and Team Collaboration Services market is segmented on the basis of:
Types
Software, Services
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
Banking Financial Services & Insurance, Retail, Healthcare, Government, IT and Telecom, Media & Entertainment, Others
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:
- Cisco Systems, Inc
- Citrix Systems, Inc
- Hewlett-Packard Development Company, L.P
- IBM Corporation
- Microsoft Corporation
- Polycom, Inc
- Unify, Inc. (Atos SE)
- Evernote
- Huawei
- Tencent
- Alibaba
- Feishu
Highlights of The Cloud Meetings and Team Collaboration Services 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:
- Software
- Services
- By Application:
- Banking Financial Services & Insurance
- Retail
- Healthcare
- Government
- IT and Telecom
- Media & Entertainment
- Others
- 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 Cloud Meetings and Team Collaboration Services 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
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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?
Cloud Meetings and Team Collaboration Services are a suite of tools that allow users to connect to each other over the internet, using video and audio conferencing. This allows users to share documents, photos, and presentations with each other in real time.
Some of the key players operating in the cloud meetings and team collaboration services market are Cisco Systems, Inc, Citrix Systems, Inc, Hewlett-Packard Development Company, L.P, IBM Corporation, Microsoft Corporation, Polycom, Inc, Unify, Inc. (Atos SE), Evernote, Huawei, Tencent, Alibaba, Feishu.
The cloud meetings and team collaboration services market is expected to grow at a compound annual growth rate of 8.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size & Forecast, 2018-2028
4.5.1 Cloud Meetings and Team Collaboration Services Market Size and Y-o-Y Growth
4.5.2 Cloud Meetings and Team Collaboration Services Market Absolute $ Opportunity
Chapter 5 Global Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Type
5.2.1 Software
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Applications
6.2.1 Banking Financial Services & Insurance
6.2.2 Retail
6.2.3 Healthcare
6.2.4 Government
6.2.5 IT and Telecom
6.2.6 Media & Entertainment
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Analysis and Forecast
9.1 Introduction
9.2 North America Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Type
9.6.1 Software
9.6.2 Services
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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Applications
9.10.1 Banking Financial Services & Insurance
9.10.2 Retail
9.10.3 Healthcare
9.10.4 Government
9.10.5 IT and Telecom
9.10.6 Media & Entertainment
9.10.7 Others
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 Cloud Meetings and Team Collaboration Services Analysis and Forecast
10.1 Introduction
10.2 Europe Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Type
10.6.1 Software
10.6.2 Services
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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Applications
10.10.1 Banking Financial Services & Insurance
10.10.2 Retail
10.10.3 Healthcare
10.10.4 Government
10.10.5 IT and Telecom
10.10.6 Media & Entertainment
10.10.7 Others
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 Cloud Meetings and Team Collaboration Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Type
11.6.1 Software
11.6.2 Services
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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Applications
11.10.1 Banking Financial Services & Insurance
11.10.2 Retail
11.10.3 Healthcare
11.10.4 Government
11.10.5 IT and Telecom
11.10.6 Media & Entertainment
11.10.7 Others
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 Cloud Meetings and Team Collaboration Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloud Meetings and Team Collaboration Services 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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Type
12.6.1 Software
12.6.2 Services
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 Cloud Meetings and Team Collaboration Services Market Size Forecast by Applications
12.10.1 Banking Financial Services & Insurance
12.10.2 Retail
12.10.3 Healthcare
12.10.4 Government
12.10.5 IT and Telecom
12.10.6 Media & Entertainment
12.10.7 Others
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) Cloud Meetings and Team Collaboration Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloud Meetings and Team Collaboration Services 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) Cloud Meetings and Team Collaboration Services Market Size Forecast by Type
13.6.1 Software
13.6.2 Services
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) Cloud Meetings and Team Collaboration Services Market Size Forecast by Applications
13.10.1 Banking Financial Services & Insurance
13.10.2 Retail
13.10.3 Healthcare
13.10.4 Government
13.10.5 IT and Telecom
13.10.6 Media & Entertainment
13.10.7 Others
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 Cloud Meetings and Team Collaboration Services Market: Competitive Dashboard
14.2 Global Cloud Meetings and Team Collaboration Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems, Inc
14.3.2 Citrix Systems, Inc
14.3.3 Hewlett-Packard Development Company, L.P
14.3.4 IBM Corporation
14.3.5 Microsoft Corporation
14.3.6 Polycom, Inc
14.3.7 Unify, Inc. (Atos SE)
14.3.8 Evernote
14.3.9 Huawei
14.3.10 Tencent
14.3.11 Alibaba
14.3.12 Feishu
