GLOBAL VIRTUAL MEETING SOFTWARE MARKET 2022-2028

 

 

TABLE OF CONTENTS   

 

1. GLOBAL VIRTUAL MEETING SOFTWARE MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE VIRTUAL MEETING SOFTWARE INDUSTRY

2.2. KEY INSIGHTS

2.2.1. GROWING ONLINE EDUCATION

2.2.2. INCREASING ACCEPTANCE OF VIRTUAL MEETING SOFTWARE

2.2.3. RISING PENETRATION OF DIGITAL PLATFORMS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.4.1. COMPATIBILITY

2.4.2. EASE OF USE

2.4.3. INTEGRATION

2.4.4. COST-EFFECTIVENESS

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES & DEVELOPMENTS

2.7.3. PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. INCREASE IN THE NUMBER OF VIRTUAL MEETING SOFTWARE PROVIDERS ACROSS THE GLOBE

2.8.2. SURGE IN THE ADOPTION OF TECHNOLOGIES LIKE FACIAL RECOGNITION

2.8.3. RISE IN THE ADOPTION OF VIRTUAL MEETING SOFTWARE BY CORPORATE AND GOVERNMENT ORGANIZATIONS

2.9. MARKET CHALLENGES

2.9.1. LESS FACE-TO-FACE CONTACT WITH CLIENTS AND COLLEAGUES

2.9.2. TECHNICAL DIFFICULTIES

2.10. MARKET OPPORTUNITIES

2.10.1. CLOSURE OF OFFICES AND OTHER FACILITIES DUE TO LOCKDOWNS

2.10.2. INCREASED PRODUCTIVITY DUE TO WORK-FROM-HOME CULTURE

3. GLOBAL VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY DEPLOYMENT TYPE

3.1. ON-PREMISE

3.2. CLOUD

4. GLOBAL VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY COMPONENT

4.1. SOFTWARE

4.2. SERVICE

5. GLOBAL VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY ENTERPRISE SIZE

5.1. LARGE ENTERPRISES

5.2. SMALL & MEDIUM ENTERPRISES

6. GLOBAL VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY APPLICATIONS

6.1. BFSI

6.2. EDUCATION

6.3. IT & TELECOM

6.4. GOVERNMENT

6.5. HEALTHCARE

6.6. MANUFACTURING

6.7. OTHER APPLICATIONS

7. GLOBAL VIRTUAL MEETING SOFTWARE MARKET – REGIONAL OUTLOOK

7.1. NORTH AMERICA

7.1.1. MARKET BY DEPLOYMENT TYPE

7.1.2. MARKET BY COMPONENT

7.1.3. MARKET BY ENTERPRISE SIZE

7.1.4. MARKET BY APPLICATIONS

7.1.5. COUNTRY ANALYSIS

7.1.5.1. UNITED STATES

7.1.5.2. CANADA

7.2. EUROPE

7.2.1. MARKET BY DEPLOYMENT TYPE

7.2.2. MARKET BY COMPONENT

7.2.3. MARKET BY ENTERPRISE SIZE

7.2.4. MARKET BY APPLICATIONS

7.2.5. COUNTRY ANALYSIS

7.2.5.1. UNITED KINGDOM

7.2.5.2. GERMANY

7.2.5.3. FRANCE

7.2.5.4. ITALY

7.2.5.5. BELGIUM

7.2.5.6. POLAND

7.2.5.7. REST OF EUROPE

7.3. ASIA-PACIFIC

7.3.1. MARKET BY DEPLOYMENT TYPE

7.3.2. MARKET BY COMPONENT

7.3.3. MARKET BY ENTERPRISE SIZE

7.3.4. MARKET BY APPLICATIONS

7.3.5. COUNTRY ANALYSIS

7.3.5.1. CHINA

7.3.5.2. JAPAN

7.3.5.3. INDIA

7.3.5.4. SOUTH KOREA

7.3.5.5. ASEAN COUNTRIES

7.3.5.6. AUSTRALIA & NEW ZEALAND

7.3.5.7. REST OF ASIA-PACIFIC

7.4. LATIN AMERICA

7.4.1. MARKET BY DEPLOYMENT TYPE

7.4.2. MARKET BY COMPONENT

7.4.3. MARKET BY ENTERPRISE SIZE

7.4.4. MARKET BY APPLICATIONS

7.4.5. COUNTRY ANALYSIS

7.4.5.1. BRAZIL

7.4.5.2. MEXICO

7.4.5.3. REST OF LATIN AMERICA

7.5. MIDDLE EAST AND AFRICA

7.5.1. MARKET BY DEPLOYMENT TYPE

7.5.2. MARKET BY COMPONENT

7.5.3. MARKET BY ENTERPRISE SIZE

7.5.4. MARKET BY APPLICATIONS

7.5.5. COUNTRY ANALYSIS

7.5.5.1. UNITED ARAB EMIRATES

7.5.5.2. SAUDI ARABIA

7.5.5.3. TURKEY

7.5.5.4. SOUTH AFRICA

7.5.5.5. REST OF MIDDLE EAST & AFRICA

8. COMPETITIVE LANDSCAPE

8.1. ZOOM VIDEO COMMUNICATIONS INC

8.2. MICROSOFT CORPORATION

8.3. ZOHO CORPORATION

8.4. ADOBE INC

8.5. ALPHABET INC

8.6. CISCO SYSTEMS INC

8.7. GOTO INC

8.8. HUAWEI TECHNOLOGIES CO LTD

8.9. AVAYA INC

8.10. AVENTRI INC

8.11. SINE WAVE ENTERTAINMENT LTD

8.12. LIFESIZE INC

8.13. AMAZON INC

8.14. LIVESTORM INC

8.15. AIRMEET INC

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

 

 

TABLE LIST

TABLE 1: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 5: LIST OF PARTNERSHIPS

TABLE 6: LIST OF BUSINESS EXPANSIONS

TABLE 7: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 10: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

TABLE 11: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 14: NORTH AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 15: NORTH AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 16: NORTH AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

TABLE 17: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 18: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 19: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 20: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 21: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

TABLE 22: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 23: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 24: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 25: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 26: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

TABLE 27: LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 28: LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 29: LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 30: LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 31: LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

TABLE 32: MIDDLE EAST AND AFRICA VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 33: MIDDLE EAST AND AFRICA VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 34: MIDDLE EAST AND AFRICA VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 35: MIDDLE EAST AND AFRICA VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 36: MIDDLE EAST AND AFRICA VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

 

 

FIGURE LIST

FIGURE 1: DIGITAL ADOPTION BY REGION IN 2021 (IN %)

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: MARKET ATTRACTIVENESS INDEX

FIGURE 4: VIRTUAL MEETING SOFTWARE SOLUTION FOR A WORKING PERSON AND RELATED SECTOR

FIGURE 5: SHARE OF REMOTE WORKERS IN FULLY REMOTE MODE (IN 2019-2021)

FIGURE 6: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, DEPLOYMENT TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 7: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)

FIGURE 8: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)

FIGURE 9: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 10: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 11: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

FIGURE 12: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, ENTERPRISE SIZE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 13: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 14: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 15: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, APPLICATIONS OUTLOOK, 2021 & 2028 (IN %)

FIGURE 16: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2028 (IN $ MILLION)

FIGURE 17: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)

FIGURE 18: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2028 (IN $ MILLION)

FIGURE 19: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)

FIGURE 20: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 21: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

FIGURE 22: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 23: GLOBAL VIRTUAL MEETING SOFTWARE MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 24: WORKPLACE FUTURE IN UNITED STATES, ZOOM STUDY (IN 2021)

FIGURE 25: UNITED STATES VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: DISTRIBUTION OF PRIVATE SECTOR EMPLOYEES BY BUSINESS SIZE IN CANADA (IN 2019)

FIGURE 27: CANADA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: UNITED KINGDOM VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: WORKING MODE OF PEOPLE IN GERMANY IN THE YEAR 2022

FIGURE 30: GERMANY VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: FRANCE VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: ITALY VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: BELGIUM VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: POLAND VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: REST OF EUROPE VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: CHINA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: JAPAN VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: INDIA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 39: SOUTH KOREA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: ASEAN COUNTRIES VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: AUSTRALIA & NEW ZEALAND VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 42: REST OF ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 43: BRAZIL VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 44: MEXICO VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 45: REST OF LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 46: UNITED ARAB EMIRATES VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 47: SAUDI ARABIA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 48: TURKEY VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 49: SOUTH AFRICA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 50: REST OF MIDDLE EAST & AFRICA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Triton Market Research’s report insinuates that the global virtual meeting software market is forecasted to register growth at a CAGR of 12.49% in the projected phase 2022-2028. 

An increase in the number of companies providing virtual meeting software across the world is the primary driving factor of the market. Apart from this, a surge in the usage of technologies such as facial recognition and the enhanced adoption of VM software by several organizations are also supporting the market’s growth. On the other hand, technical difficulties encountered while using this software act as a major hindrance in the path of growth.

Besides, people still prefer face-to-face contact with clients and colleagues for effective communication, which is expected to hinder the adoption of VMS. However, the extended closure of offices due to lockdowns is expected to enhance the need for virtual meeting software. Also, several employees have reported increased productivity due to the remote working culture, which is made easier by the use of such software. These factors are expected to offer lucrative opportunities for market growth.

 

 

REGIONAL OUTLOOK

The global market for virtual meeting software spans across North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa. 

The Asia-Pacific is expected to exhibit the fastest growth in the global market in the coming years. The youth population in several developing countries in the region is rising. They are the main users of VMS. The growing popularity of online education, distance learning, increasing number of startups, and massive investments for software development are all fueling the expansion of VMS in the APAC. As a result, the market in the Asia-Pacific is estimated to witness stupendous growth in the years to come.

 

Get more insights into the Global Virtual Meeting Software Market:

 

https://www.tritonmarketresearch.com/reports/virtual-meeting-software-market

 

COMPETITIVE OUTLOOK

The key players considered in the report on the virtual meeting software market include Microsoft Corporation, Airmeet Inc, Zoom Video Communications Inc, Lifesize Inc, Amazon Inc, Livestrom Inc, Zoho Corporation, Cisco Systems Inc, Alphabet Inc, Adobe Inc, Huawei Technologies Co Ltd, Aventri Inc, Avaya Inc, Goto Inc, and Sine Wave Entertainment Ltd.

Zoom Video Communications Inc (commonly referred to as Zoom) is a US-based communications technology company with headquarters in San Jose, California. It offers video calling and online chat services via a cloud-based P2P software platform and is largely used all around the world for telecommuting, teleconferencing, distance learning, and social relations.

Its software enables users to host video conferences and webinars, and is embedded with salient features such as a Q&A function, waiting room, and a live chat feed. The company has gained tremendous revenue since 2019, post the COVID-19 pandemic. In 2020, it garnered a revenue of $622 million, and in 2021, a revenue of $2,651.4 million, up by 326% Y-o-Y growth. The increasing revenue of the company is an indicator of its financial stability.

 

 

SEGMENTATION

1. ZOOM VIDEO COMMUNICATIONS INC

2. MICROSOFT CORPORATION

3. ZOHO CORPORATION

4. ADOBE INC

5. ALPHABET INC

6. CISCO SYSTEMS INC

7. GOTO INC

8. HUAWEI TECHNOLOGIES CO LTD

9. AVAYA INC

10. AVENTRI INC

11. SINE WAVE ENTERTAINMENT LTD

12. LIFESIZE INC

13. AMAZON INC

14. LIVESTORM INC

15. AIRMEET INC