The online corporate meeting services market size is expected to see rapid growth in the next few years. It will grow to $9.28 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to continued remote work culture, hybrid work environments, virtual events and webinars, business continuity and disaster recovery, enhanced user experience. Major trends in the forecast period include global collaboration requirements, virtual event hosting, user experience and accessibility, technological advancements, hybrid work environments.
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Segmentation & Regional Insights
The online corporate meeting services market covered in this report is segmented –
1) By Service Type: Online Corporate VCS, Online Corporate WCS
2) By Product Type: Voice, Video
3) By Meeting Type: Small Size Meeting, Medium Size Meeting, Large Size Meeting
North America was the largest region in the online corporate metting services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online corporate meeting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of virtual meeting apps is significantly contributing to the growth of the online corporate meeting services market. Virtual meeting apps are video and audio apps and software that connect individuals through the internet. This software typically incorporates video conferencing, chat, responses, and screen sharing options. The recent increase in demand for virtual meeting software is attributable to the gradual move toward remote work operations. This boosts the demand towards the use of online corporate meeting services. For instance, in July 2021, Sensor Tower, a US-based market intelligence and performance metrics company in their article stated that MAUs for Zoom, Microsoft Teams, and Google Meet increased 151% year on year in H1 2021. Furthermore, in Q1 of 2020, there were 147.7 million downloads of video conferencing apps which rose to 479 million downloads in Q2 of 2020. Therefore, an increase in the adoption of virtual meeting apps will drive the online corporate meeting services market.
Key Industry Players
Major companies operating in the online corporate meeting services market report are Infinite Conferencing lnc., HP Virtual Rooms, AT&T Connect Support, Communique Conferencing, Glance Networks, Citrix Systems Inc., LifeSize Communications, InstantPresenter, Intercall Nursecall Systems, Avaya Inc., Fuze, New Row, BT Conferencing, Bridgit, Adobe Inc., ClickMeeting, Zoho Corporation, Glowpoint, EyeNetwork, Blue Jeans Network, Conference Calling, Onstream Meetings, UberConference, Orange Business Services, Microsoft Teams, Skype for Business, TeamViewer, GlobalMeet, Cisco Webex Meetings, RingCentral Meetings
The online corporate meeting services market report table of contents includes:
1. Executive Summary
2. Online Corporate Meeting Services Market Characteristics
3. Online Corporate Meeting Services Market Trends And Strategies
4. Online Corporate Meeting Services Market – Macro Economic Scenario
5. Global Online Corporate Meeting Services Market Size and Growth
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31. Global Online Corporate Meeting Services Market Competitive Benchmarking
32. Global Online Corporate Meeting Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Online Corporate Meeting Services Market
34. Online Corporate Meeting Services Market Future Outlook and Potential Analysis
35. Appendix
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