Market Overview:
The global web conferencing 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 online meetings and video conferences, owing to their advantages such as reduced travel costs and time savings. In addition, the growing trend of Bring Your Own Device (BYOD) is also contributing significantly to the growth of this market. BYOD allows employees to use their personal devices for work-related purposes, which helps organizations reduce their IT costs. The hardware devices segment is expected to account for the largest share of the global web conferencing market in 2018, followed by software services. The hardware devices segment includes audio/video equipment, meeting room systems, and telepresence systems. The software services segment includes cloud-based and on-premises solutions.
Product Definition:
A web conference is a meeting that takes place over the internet. Participants can see and hear each other, as well as share applications and documents. Web conferences are often used for training, collaborating on projects, or holding meetings with remote team members.
Hardware Devices:
Hardware devices are the components that are used to implement a communication channel between two or more parties. The hardware devices can be categorized into three major groups, namely, wired network interface cards (NIC), wireless NICs and telephony cards. Hardware devices have been witnessing significant growth over the past few years owing to their ability to provide high-quality audio & video conferencing at an economical cost and easy deployment.
Software Services:
Software services are the set of tools and applications that help in providing solutions for communication, collaboration, content sharing and many more. Software services have their own software platform which helps to share information through various mediums such as web conferencing or online meeting. It provides a way to communicate with other computers over a network by using text documents or real-time communication.
Application Insights:
The education segment dominated the global web conferencing market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as rising penetration of smart devices, increasing Internet cafes usage, and rapid growth of online educational institutions. Moreover, companies such as Microsoft Corporation; Google Inc.; Apple Inc.; and Amazon are entering into a partnership with schools & colleges which will provide high-quality video conferencing services at low costs. These partnerships are expected to drive demand for web conferencing solutions in education sector over the forecast period.
The financial segment is anticipated to register a significant CAGR during the study period owing to growing need for enhancing customer experience while conducting business transactions through online banking or e-commerce platforms.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing investments in high-speed internet infrastructure, rising adoption of smartphones and tablets, and growing demand for online meetings from various end-use industries such as education, corporate, government & defense, financial services among others.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of web conferencing tools by small & medium enterprises (SMEs) for conducting remote consultations with clients or employees based out of Asia Pacific countries such as China and India among other regions worldwide. Furthermore, increased use cases across different industry verticals are projected to drive regional market growth during the forecast period.
Growth Factors:
- Increased demand for online collaboration and communication tools as businesses strive to become more agile and efficient.
- Rising number of remote workers, especially in developed countries, who need easy access to online meeting tools for team collaboration.
- Rapid growth of the freelance workforce, which is driving demand for affordable and easy-to-use web conferencing solutions that can help them work remotely with clients and colleagues.
- Increasing popularity of video content among businesses looking to create more engaging online meetings and presentations.
- Proliferation of cloud-based web conferencing services that make it easier than ever for small businesses and entrepreneurs to get started with online meetings without having to invest in expensive hardware or software
Scope Of The Report
Report Attributes
Report Details
Report Title
Web Conferencing Market Research Report
By Type
Hardware Devices, Software Services
By Application
Education, Financial, Medical, Government, Other
By Companies
Adobe Systems, Cisco Systems, Citrix Systems, IBM, Microsoft, Arkadin, AT & T Connect Support, Bridgit, ClickMeeting, Communique Conferencing, Digital Samba OnSync, Fuze, Glance Networks, Global Meet, Google Open Meetings
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Web Conferencing Market Report Segments:
The global Web Conferencing market is segmented on the basis of:
Types
Hardware Devices, 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
Education, Financial, Medical, Government, Other
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:
- Adobe Systems
- Cisco Systems
- Citrix Systems
- IBM
- Microsoft
- Arkadin
- AT & T Connect Support
- Bridgit
- ClickMeeting
- Communique Conferencing
- Digital Samba OnSync
- Fuze
- Glance Networks
- Global Meet
- Google Open Meetings
Highlights of The Web Conferencing 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:
- Hardware Devices
- Software Services
- By Application:
- Education
- Financial
- Medical
- Government
- Other
- 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 Web Conferencing 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
- Identifying Appropriate Advertising Appeals
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?
Web conferencing is a technology that allows people to connect to each other over the internet, using web browsers. This means that you can join a conference call or video chat with others regardless of where they are located.
Some of the major players in the web conferencing market are Adobe Systems, Cisco Systems, Citrix Systems, IBM, Microsoft, Arkadin, AT & T Connect Support, Bridgit, ClickMeeting, Communique Conferencing, Digital Samba OnSync, Fuze, Glance Networks, Global Meet, Google Open Meetings.
The web conferencing 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 Web Conferencing 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 Web Conferencing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Web Conferencing 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 Web Conferencing 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 Web Conferencing Market Size & Forecast, 2020-2028
4.5.1 Web Conferencing Market Size and Y-o-Y Growth
4.5.2 Web Conferencing Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hardware Devices
5.2.2 Software Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Education
6.2.2 Financial
6.2.3 Medical
6.2.4 Government
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Web Conferencing 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 Web Conferencing 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hardware Devices
9.6.2 Software 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 Market Size Forecast by Applications
9.10.1 Education
9.10.2 Financial
9.10.3 Medical
9.10.4 Government
9.10.5 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hardware Devices
10.6.2 Software 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 Market Size Forecast by Applications
10.10.1 Education
10.10.2 Financial
10.10.3 Medical
10.10.4 Government
10.10.5 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hardware Devices
11.6.2 Software 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 Market Size Forecast by Applications
11.10.1 Education
11.10.2 Financial
11.10.3 Medical
11.10.4 Government
11.10.5 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hardware Devices
12.6.2 Software 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 Market Size Forecast by Applications
12.10.1 Education
12.10.2 Financial
12.10.3 Medical
12.10.4 Government
12.10.5 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hardware Devices
13.6.2 Software 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) Market Size Forecast by Applications
13.10.1 Education
13.10.2 Financial
13.10.3 Medical
13.10.4 Government
13.10.5 Other
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 Web Conferencing Market: Competitive Dashboard
14.2 Global Web Conferencing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adobe Systems
14.3.2 Cisco Systems
14.3.3 Citrix Systems
14.3.4 IBM
14.3.5 Microsoft
14.3.6 Arkadin
14.3.7 AT & T Connect Support
14.3.8 Bridgit
14.3.9 ClickMeeting
14.3.10 Communique Conferencing
14.3.11 Digital Samba OnSync
14.3.12 Fuze
14.3.13 Glance Networks
14.3.14 Global Meet
14.3.15 Google Open Meetings
