According to 360iResearch, the global web conferencing market to grow from USD 4857.9 million in 2016 to USD 14673.78 million by 2023, at a CAGR of 17.11%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
Web conferencing refers to a group of online collaborative services by which you can hold live presentations, seminars, meetings, conferencing, and training either through the web-based internet connection or by telephone. Web conferencing offers real-time point-to-point and multi-task communication initiated from a host to many receivers in separate locations. Web conferencing can be delivered through Internet-based applications, or via software-as-a-service model or through on-premise enterpriseÂ data centers. Web conferencing as a collaboration tool offers numerous value- adding and time and cost saving benefits to the enterprises to facilitate better internal and external communication.
The major forces driving the growth of the web conferencing market include the globalization of digital businesses and it consumerization trends. Moreover, saves time, money and increases productivity is also one of the factors that is driving the market growth. However internet connectivity and accessibility challenge, and security concern related to targeted attacks may hinder the market growth. In the middle of difficulty lies opportunity such as the unified communication tool to transform the businesses, and cloud based web conferencing. The possible challenges for the market growth is lack of it infrastructure across developing economies. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global web conferencing market is studied across aerospace and defense, banking, financial services and insurance, consumer goods and retail, education, energy and utilities, government, healthcare and life sciences, information technology, manufacturing, media and entertainment, telecommunication, transportation and logistics, and travel and hospitality. Based on geography, the global web conferencing market is studied across Americas, Europe, Middle East and Africa, and Asia-Pacific.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of web conferencing market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the web conferencing market that will impact the demand during the forecast period. Moreover, the competitive analysis of web conferencing market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features and pricing, informant reviews of the key products in the market.
Reasons to Buy:
The web conferencing market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global web conferencing market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
- Evaluate the qualitative and quantitative aspects of the report and analyze the web conferencing market penetration with respect to industries and geographies.
- Evaluate the key vendors in the web conferencing market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in 360iResearch FPNV Positioning Matrix.
- Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the web conferencing market.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Single User License - Only one user can access this report at time, users are not allowed to take a print out of the report PDF.
Enterprise User License - This license will allow the entire company (Interface) to access the unlocked PDF version of this report without any restrictions. You can also take the print out if you wish to receive the hard copy version of this report.
Multi User License - This license will be allowing up to five users have access to the product. The report will be emailed to you. The report is sent in PDF format.
Site License - This is a site license, allowing all users within a given geographical location of your organisation access to the product. The report will be emailed to you. The report is sent in PDF format.