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The global web conference software market attained a value of USD 5.36 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 14.36% to reach USD 18.19 billion by 2032.
The growth of the cloud-based segment can be attributed to the emergence of the COVID-19 pandemic, which caused the shift of enterprises to remote working models due to mandatory lockdown regulations, thus, increasing the demand for telecommuting solutions. Cloud-based applications for software like Zoom witnessed a robust growth during the first half of 2020.
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Furthermore, the increased adoption of cloud-based web conference software has provided enterprises and organisations with the opportunity to extensively analyse their web conference meetings and significantly improve their productivity. This has contributed to the growth of the web conference software industry. Meanwhile, the on-premise segment is expected to witness a growth in the forecast period owing to the easing of lockdown measures and vaccination drives as organisations resume on-site working or adopt hybrid models.
Geographically, North America accounts for a significant share in the industry owing to the prevalence of several key players, developed ICT Infrastructure, and early adoption of advanced technology across the region. Meanwhile, the Asia Pacific region is expected to witness a robust growth in the forecast period due to the increasing penetration of the internet and the rising adoption of web conference software by small and medium-sized enterprises and educational institutes, especially after the COVID-19 outbreak. The increased deployment of 4G and 5G network infrastructure in emerging economies like India, China, and others is expected to provide significant opportunities for web conference software implementation. Furthermore, due to the increased demand for advanced solutions to connect with the western world, the outsourcing industry has evolved rapidly, which is expected to provide an impetus to the market in the region.
Web conferencing can be used as an umbrella term that encompasses a variety of online collaborative services such as webcasts, peer-level web meetings, and web seminars or webinars. Web conferencing software allows multiple participants to collaborate through video, audio, screen sharing, or broadcasting services via the internet, particularly through TCP/IP connections. Furthermore, web conference software requires a microphone, webcam, sound output system, and a codec for audio/video compression.
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By type, the market is divided into:
Based on application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The advent of the 5G technology is expected to be a catalyst in the growth of the web conference software industry, as the technology facilitates high internet speed rates up to 1GBPS, which provides ubiquitous access and advanced remote collaboration features. Additionally, the rising investment by governments of developing countries, such as China and Brazil, to deploy ICT infrastructure is expected to provide an impetus to the market. Furthermore, advancements in augmented reality (AR) and virtual reality (VR) and the advent of the metaverse are expected to increase the demand for web conference software solutions and bolster the growth of the industry.
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The report gives a detailed analysis of the following key players in the global web conference software market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global web conference software market attained a value of nearly USD 5.36 billion.
The market is projected to grow at a CAGR of 14.36% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 18.19 billion by 2032.
The major drivers of the industry, such as the robust adoption of web conference software amid the pandemic, increased penetration of smartphones, deployment of ICT infrastructure, and rising investments from private players, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the advent of the 5G technology and favourable government initiatives.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different web conference software types include cloud-based and on-premise.
Interview, company conference, and others are the major applications of the product.
The major players in the industry are Microsoft Skype for Business, Adobe Connect, Livestorm, Zoho Meeting, Wire, TeamViewer, Zoom Video Conferencing, and others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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