Global Web Conferencing Market By Overview
Introduction:
Web conference is referred as a webinar is a kind of actual-time communication. Web conference is used to conduct meetings, seminars, training, and presentations by using internet. Web conferencing allows real time point-to-point communication as well as multi task communications from one sender to many receivers from separate location. Web conference is collaboration solutions for companies which can give online demos of products and services without wasting time in the planning process. 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%.
Global Web Conferencing Market By Dynamics
Increasing Adoption of Web Conference
Increasing adoption of web conference in physical meeting and seminars as well as in training activities for professionals in different locations is major factor driving growth of the global web conferencing market. For instance, according to data published by United States Patent and Trademark Office, in September 2016, Cisco WebEx is used to conduct Web- and video-conferences, ranging from small one-on-one interactive sessions to large webcasts with many attendees. In addition, online workshops assist in reducing costs related to conference rooms renting have become over travelling and other traditional communication approaches is expected to propel growth of the target market. Furthermore, information technology, web cameras, and internet services development have made web conferencing effective and efficient which in turn fuels the global web conferencing market. Moreover, rising adoption of web conference, owing to cost savings and productivity enhancements is expected to augment growth of the target market over the forecast period. However, messages passed over these applications get distorted on account of noise which leads to miscommunication may restrain the global web conferencing market.
Global Web Conferencing Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global web conferencing market on the basis of application and region.
On the basis of application, the target market is segmented into information technology, government, banking and financial services, manufacturing, healthcare and others.
Regional Insights:
The global Web Conference market accounted for US$ 4.10 billion in 2020 and is estimated to be US$ 15.10 billion by 2030 and is anticipated to register a CAGR of 15.7%. On region the global web conferencing market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global web conferencing market. In 2018, the North America web conferencing market is expected to account for major revenue share in global web conferencing market over the forecast period. This is owing to increasing demand for voice and video communication due to development of superior camera in countries of the North America region. Furthermore, presences of a vast number of multinational organizations as well as financial institution are driving the North America web conferencing market. The Asia Pacific web conferencing market is expected to account for high growth in global web conferencing market in the near future. This can be attributed to outsourcing industries growth and technological innovations regarding web conferencing tools in countries such as India, China, Vietnam, and Indonesia of the region. The market in Europe is expected to account for steady growth rate in the global web conferencing market over the forecast period. This is due to growing service sector in countries such as UK and France of the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Application– Information Technology, Government, Banking and Financial Services, Manufacturing, Healthcare, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Web Conference market report based application and region.
Global Web Conference Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Web Conferencing Market By Key Players
The prominent players operating in the global web conferencing market include 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. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global web conferencing market. For instance, in October 2018, GCR Inc launched “Web Meeting and Audio Video Conferencing” solution. This solution provides an end-to-end Web meeting and AV conferencing solution that has the flexibility to be embedded into any industry or enterprise requirements. Furtherin April 2017, Grandstream Networks, Inc launched innovative “Web Conferencing Platform with Free Web Meeting Plan”.
Global Web Conferencing Market By Company Profile
- Cisco Systems Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- International Business Machines Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GCR Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Skype Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- InterCall, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bharti Airtel Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Adobe Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grandstream Networks, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Genesys Conferencing Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Web Conferencing Market By Table of Contents
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Web Conferencing Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Information Technology
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Government
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Banking and Financial Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Manufacturing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Web Conferencing Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Cisco Systems Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- International Business Machines Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- GCR Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Skype Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- InterCall, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Bharti Airtel Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Adobe Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Grandstream Networks, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Genesys Conferencing Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Cisco Systems Inc
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Global Web Conferencing Market report segments the market on the basis of application and region.
The global web conferencing market is expected to register moderate growth over the forecast period. 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.
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
The leading players 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.