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Web Conferencing Market 2020 by Size, Share, Global Industry Research, Key Companies Profile and Forecast to 2027

Key Companies Covered in Web Conferencing Market Research Report Are Adobe, Inc. (California, United States) Alphabet, Inc. (California, United States) Arkadin (Singapore) AT&T, Inc. (Texas, United States) Bridgit (Ontario, Canada) Cisco Systems, Inc. (California, United States) Citrix Systems, Inc. (Florida, United States) Communiqué Conferencing, Inc. (Reston, Virginia) Fuze, Inc.

Fortune Business Insights offers a detailed overview of the global market in a report, Titled the global Web Conferencing Market Share is projected to reach USD 10.46 billion by the end of 2027. The rising internet penetration, coupled with the increasing smartphone use, will lead to a wider adoption across the world. According to a report published by Fortune Business Insights, titled “Web Conferencing Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment (Hosted Web Conferencing, On-Premises Web Conferencing, Managed Web Conferencing and Software-as-a-Service (SaaS)), By End-use (Education, Government, Healthcare, IT and Telecommunication, BFSI, Manufacturing, Media & Entertainment, and Others), and Regional Forecast, 2020-2027,” the market was worth 3.62 USD billion in 2019 and will exhibit a CAGR of 14.3% during the forecast period, 2020-2027.

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As its name suggests, Web Conferencing Market software allows several people in an organization to conduct meetings over the internet. It is also called as video conferencing software and it is used to carry out discussions and meetings among people who cannot physically meet. The availability of free and open source cloud platforms has pioneered the use of this software across the world. The rising internet penetration, coupled with the presence of several large scale manufacturers across the world will bode well for the growth of the overall market in the coming years. Technological advancements have certainly played a huge role in the growth of the market in recent years. The availability of high speed communication networks has provided the platforms for growth for the companies operating in the market.

List of Key Companies Profiled in the Web Conferencing Market Report Are:

  • Adobe, Inc. (California, United States)
  • Alphabet, Inc. (California, United States)
  • Arkadin (Singapore)
  • AT&T, Inc. (Texas, United States)
  • Bridgit (Ontario, Canada)
  • Cisco Systems, Inc. (California, United States)
  • Citrix Systems, Inc. (Florida, United States)
  • Communiqué Conferencing, Inc. (Reston, Virginia)
  • Fuze, Inc., (Massachusetts, United States)
  • Glance Networks, Inc. (Massachusetts, United States)
  • IBM Corporation (New York, United States)
  • Microsoft Corporation (Washington, United States)
  • Zoom Video Communications, Inc. (California, United States)

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Surge in Web Conferencing Use during the COVID-19 Pandemic

The recent coronavirus outbreak has created a sense of panic across the world. With almost all countries now taking collaborative efforts to curb the spread of the disease, businesses have been forced to shut down. Due to the nature of the spread of the disease, several SMEs are compelled to drop the curtains on their businesses as they could not sustain the losses occurred during the pandemic.

However, this has not been the case with Web Conferencing Market vendors. On one side, some businesses have been forced to shut down, but on the other side, the web conferencing has been up and running since the pandemic. With most companies implementing work from home (WFH) policies across the world, there has been a surge in the use of Web Conferencing Market software in the past few months. With indications of an extended lockdown and WFH policies, the market will continue to benefit from the pandemic in the coming years.

North America to Emerge Dominant; Presence of Several Large Scale Companies will Bode Well for Market Growth

The report analyses the latest Web Conferencing Market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in several countries across the world has been pivotal to the growth of the market in recent years. The massive investments in technological intervention by major companies in this region will have a huge impact on the growth of the market. As of 2019, the market in North America was worth 1.85 billion and this value is projected to increase at a considerable pace in the coming years. Web Conferencing Market in Asia Pacific is projected to be a highly competitive space due to the increasing internet penetration in several countries across the region, coupled with the increasing smartphone use.

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Detailed Table of Content Web Conferencing Market

7 North America Web Conferencing Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

7.1 By Component (Value)

  • Solutions
  • Services

7.2 By Deployment (Value)

  • Hosted Web Conferencing
  • On-Premises Web Conferencing
  • Managed Web Conferencing Market
  • Software-as-a-Service (SaaS)

7.3 By End-user (Value)

  • Education
  • Government
  • Healthcare
  • IT and Telecommunication
  • Banking & financial services
  • Manufacturing
  • Media & Entertainment
  • Others (Retail, transportation)

7.4 By Country (Value)

  • United States
  • Canada

8 Europe Web Conferencing Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

8.1 By Component (Value)

  • Solutions
  • Services

8.2 By Deployment (Value)

  • Hosted Web Conferencing
  • On-Premises Web Conferencing
  • Managed Web Conferencing
  • Software-as-a-Service (SaaS)

8.3 By End-user (Value)

  • Education
  • Government
  • Healthcare
  • IT and Telecommunication
  • Banking & financial services
  • Manufacturing
  • Media & Entertainment
  • Others (Retail, transportation)

8.4 By Country (Value)

  • K.
  • Germany
  • France
  • Scandinavia
  • Rest of Europe

9 Asia Pacific Web Conferencing Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

9.1 By Component (Value)

  • Solutions
  • Services

9.2 By Deployment Web Conferencing Market(Value)

  • Hosted Web Conferencing
  • On-Premises Web Conferencing
  • Managed Web Conferencing
  • Software-as-a-Service (SaaS)

9.3 By End-user (Value)

  • Education
  • Government
  • Healthcare
  • IT and Telecommunication
  • Banking & financial services
  • Manufacturing
  • Media & Entertainment
  • Others (Retail, transportation)
    • By Country (Value)
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

TOC Continued…!!!

Industry Developments:

May, 2018 – Glance Network Inc. announced availability of Glance Mobile App Sharing. The product is an omnichannel visual engagement platform.

Key Research Objectives

  • Web Conferencing Market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period
  • Overall market size and growth rate for key countries for the 2015-2026 period
  • Market dynamics – Market drivers, restraints, trends and opportunities
  • Technological and market developments shaping the market
  • Competitive analysis
  • Profiles of key companies operating in the Web Conferencing Market
  • Key insights

Other Exclusive Reports:

Online payment market size was valued at USD 3,286.52 billion in 2019 and is projected to reach USD 17,643.35 billion by 2027.

Customer relationship management (CRM) market size was valued at USD 47.79 billion in 2019 and is projected to reach USD 113.46 billion by 2027.

Mobile security market size stood at USD 34.94 billion in 2019 and is projected to reach USD 103.45 billion by 2027.

Video streaming market size stood at USD 342.44 billion in 2019 and is projected to reach USD 842.93 billion by 2027.

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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