Global Online Corporate Meeting Services Market 2015-2019 - New Report Available

From: Fast Market Research, Inc.
Published: Fri Sep 11 2015

Online corporate meeting has changed the way of business communication in organizations. It is the most attractive choice for organization to hold active online meetings and make contact with others instantly when communication is required. Online corporate meeting services comprise of communication services through video conferencing services and web conferencing services. In particular, video conferencing is essential when enterprises need face-to-face collaboration between colleagues in a distributed workforce environment. This technology facilitates video communications along with rich-media applications, voice and data sharing among participants that offers greater efficiency and boosts productivity while pruning travel costs and reducing the travel time typically associated with in-person meetings.

Technavio's analysts forecast the global online corporate meeting services market to grow at a CAGR of 9.6% percent over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said, "One major trend in this market is the emergence of virtual workplaces. The convergence of synchronous and asynchronous tools has led to the advent of all-in-one virtual workspaces that offer always-on messaging, video, web multipoint meetings, instant voice, and content sharing in a team-centric space. The development of virtual workplaces is one of the interesting results of the strong growth in online corporate meeting services."

According to the report, one key driver of this market is the increased focus on video and mobility with the expansion of the mobile workforce, companies are focusing on developing core mobile applications for B2B purposes that will address the critical functions needed for end-user mobility with the control and security businesses require.

Further, the report states that one of the major challenges is the need for high transmission rate for HD streaming. Cloud-based online meeting solutions use a cloud data center. During peak traffic, a large amount of data is exchanged through cloud-based video conferencing, leading to network congestion. High bandwidth availability or high transmission rates are required to deal with these situations.

The key players in Global Online Corporate Meeting Services Market: Adobe, Avaya, Citrix Systems, New Row, Vidyo, WebEx, Zoho while other prominent vendors include AnyMeeting , Arkadin, AT&T Connect Support, Bridgit, Blue Jeans Network, BT Conferencing, ClickMeeting, Communique Conferencing, EyeNetwork, Fuze/FuzeBox, hotComm, HP Virtual Rooms, LifeSize Communications, Infinite Conferencing, InstantPresenter, Glance Networks , Glowpoint, HP Virtual Rooms, InterCall, MegaMeeting, OmniJoin, OnStream Media, Orange Business Services, RadVision, ReadyTalk, Regus, Saba Software, Skype, StarLeaf, SPS, TeamViewer, TrueConf, Videxio, Yorktel.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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