Increasing Virtual Meeting Software Providers contribute to Global Virtual Meeting Software Market Growth

1
Increasing Virtual Meeting Software Providers
contribute to Global Virtual Meeting Software
Market Growth
Inkwood Research estimates that the Global
Virtual Meeting Software Market is evaluated to
project a CAGR of 12.62 in terms of revenue
during the forecasting years of
2022-2030. Browse 53 Market Data Tables and 54
Figures spread over 236 Pages, along with an
in-depth TOC on the Global Virtual Meeting
Software Market Forecast 2022-2030. VIEW TABLE
OF CONTENT LINK - https//www.inkwoodresearch.com/
reports/virtual-meeting- software-market/table-of
-contents Virtual meetings, also called virtual
conferencing, includes hosting a meeting in a
virtual or online environment. Users can host a
virtual meeting with video, audio, as well as
screen sharing. Virtual meeting platforms are
characterized as software and applications that
connect people over the internet.
REQUEST FREE SAMPLE LINK - https//www.inkwoodrese
arch.com/reports/virtual-meeting-
software-market/request-free-sample
2
Rise in Virtual Meeting Software Providers to
Augment Market Growth A key factor fueling the
demand for virtual meeting software is the
increase in remote work. As cloud-based
communications as well as collaboration
applications emerge, companies are discovering
that the same level of productivity can be
accessed from remote team members as in- office
employees. Furthermore, the remote workforce
across the globe increased by nearly 140 from
2005 to 2019, with the number accelerating even
further in 2020, following the COVID-19 pandemic.
Virtual meeting software is primarily used to
conduct meetings/group discussions or any
conversations over the internet. Hence, the
presence of numerous large-scale vendors
worldwide will lead to broader product adoption,
subsequently contributing to the global virtual
meeting software markets growth. IT Telecom
Segment to Dominate the End-Users Category The IT
telecom sector is the oldest user of virtual
meeting software, with its expansion in daily
office activities highly prevalent even before
the pandemic. In this regard, events and meetings
between different office places, international
corporate meetings, collaborations between teams,
and others were accomplished with virtual meeting
software. With the COVID-19 pandemic in effect
since 2020, the IT telecom sector has shifted
its physical office model to the remote working
mode, thereby increasing the use of virtual
meeting software on a significant
scale. Asia-Pacific to Lead the Global Market
by 2030 The rise in online education and distance
learning, as well as the substantial investments
in the software industry, are among the key
factors linked to the expansion of the virtual
meeting software market in the Asia-Pacific. Moreo
ver, the innovative use of virtual meeting
software such as cultural events, virtual
weddings and receptions, and election campaigning
are continually increasing in developing
countries like South Korea, China, and India. In
addition, the reduction of travel costs due to
the use of virtual meeting software increases its
adoption in the corporate sectors of IT Telecom
and BFSI, among others. The competitive rivalry
in the global virtual meeting software market is
set to be high over the forecasting years. The
major players operating in the market are
Microsoft Corporation, Adobe Systems Inc, Zoho
Corporation, etc. Request for Customization
https//inkwoodresearch.com/request-for-custom-rep
ort/ About Inkwood Research Inkwood Research
specializes in syndicated customized research
reports and consulting services.
Market intelligence studies with relevant
fact-based research are customized across industry
3
verticals such as technology, automotive,
chemicals, materials, healthcare, and energy,
with an objective comprehension that acknowledges
the business environments. Our geographical
analysis comprises North South America, CEE,
CIS, Middle East, Europe, Asia, and Africa.
Contact Us https//www.inkwoodresearch.com
sales_at_inkwoodresearch.com 1 857-302-4704
Related Reports GLOBAL TEAM COLLABORATION
SOFTWARE MARKET