Published Date: May 2023
The Web Conferencing Market accounted for US$ 4.1 billion in 2020 and is estimated to be US$ 15.10 billion by 2030 and is anticipated to register a CAGR of 15.7% . This is attributed to increasing adoption of web conference in physical meeting and seminars as well as in training activities for professionals in different locations. Furthermore, online workshops assist in reducing costs related to conference rooms renting have become over travelling and other traditional communication approaches drives growth of the global web conferencing market.
The report "Global Web Conferencing Market, by Application (Information Technology, Government, Banking and Financial Services, Manufacturing, Healthcare, and Others), and Region - Global Forecast to 2029"
Key Highlights:
- On October 2018, GCR Inc launched “Web Meeting and Audio Video Conferencing” solution.
- In April 2017, Grandstream Networks, Inc launched innovative “Web Conferencing Platform with Free Web Meeting Plan”.
- On March 6, 2019, Bharti Airtel Limited launched India’s first high quality “Unified Communications” solution for conferencing.
Key Market Insights from the report:
The global Web Conference market accounted for US$ 4.1 billion in 2020 and is estimated to be US$ 15.10 billion by 2030 and is anticipated to register a CAGR of 15.7% . The market report has been segmented on the basis of application and region.
- By application, the global web conferencing market is segmented into information technology, government, banking and financial services, manufacturing, healthcare and others.
- By region, North America web conferencing market is accounted for major revenue share of the global web conferencing market and is further anticipated to maintain its dominance over the forecast period, owing to increasing demand for voice and video communication due to development of superior camera in countries of the North America region. Asia Pacific web conferencing market is expected to account for high growth in global web conferencing market in the near future, in 2018.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Web Conferencing Market, by Application (Information Technology, Government, Banking and Financial Services, Manufacturing, Healthcare, and Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2029
The prominent player operating in the global web conferencing market includes Cisco Systems Inc, International Business Machines Corporation, GCR Inc, Skype Limited, Oracle Corporation, InterCall, Inc., Bharti Airtel Limited, Adobe Inc, Grandstream Networks, Inc, and Genesys Conferencing Ltd.
About Prophecy Market Insights
Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.
To know more
Contact Us:
Sales
Prophecy Market Insights
U.S: 1 860 531 2574
RoW: 91 7775049802
Email- sales@prophecymarketinsights.com
Website- www.prophecymarketinsights.com
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Custmoized Your ReportWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request for Discount