Market by Deployment Type, Component, Enterprise Size, Applications, and Country Outlook | 2022-2028
Triton Market Research has concluded that the virtual meeting software market in
North America would grow with a CAGR of
12.05% in the estimated period from
2022 to 2028.
Report scope can be customized per your requirements. Request For Customization
The countries scrutinized in
this region include:
• The United States
• Canada
In North America, the demand for virtual meeting software has increased
considerably, after the rising spread of COVID-19 in the region. Many offices
were shut in the lockdown, which led to a rapid increase in the use of this
software. As of now, remote working seems to be here for a long time as several
employees are switching to the permanent work from home option. This shift in
working mode is expected to prove beneficial for the growth of the VMS market
in the region.
In the United States, virtual meeting software is largely used for
providing IT & telecom services, conducting corporate meetings, and
facilitating learning. The growing shift towards a remote working culture has
increased the use of VM software by employees extensively. Owing to the
COVID-19 pandemic, e-learning became a major trend in the country. In fact,
even before the pandemic struck, distance education in the country was on the
rise, and received a further boost after the implementation of lockdowns.
Therefore, the VMS market in the country is estimated to witness stupendous
growth.
Canada is an emerging market for small businesses. As of December 2019,
there were nearly 1.2 million small businesses and 22,905 medium-sized
businesses in the country. They were affected severely due to the lockdowns
imposed due to the COVID-19 spread. The strict lockdown regulations, and the
consequent closure of marketplaces, along with other hindrances, demanded the
use of virtual meeting software for remote working, smooth operations, and
better customer relations. This trend is expected to continue, and, as a
result, the VMS market in Canada is poised to grow in the coming years.
Among several customer-facing businesses, companies in the banking,
financial services, and investment (BFSI) sector have emerged as active users
of virtual communication apps. BFSI companies have to stay abreast of the
changing regulations and policies related to business and finance. Besides, they
also need to be prepared to effectively deal with market-shifting events like
changes in the prices of important commodities or a major stock market crash.
In such times especially, it becomes important to share the latest developments
with dispersed employees. This used to be a time-consuming and cumbersome
process, but thanks to technological advancements, video conferencing software
has solved this issue by enabling effective communication.
The studied report assesses the market’s growth
based on component, enterprise size, deployment type, and applications. Here, the applications segment comprises BFSI,
education, IT & telecom, government, healthcare, manufacturing, and other
applications.
Eminent companies studied in the virtual meeting
software market include Zoom Video Communications Inc, Lifesize Inc, Amazon
Inc, Livestrom Inc, Alphabet Inc, Microsoft Corporation, Cisco Systems Inc, and
Adobe Inc.
Microsoft Corporation is a leading
global company that develops, licenses, and supports a broad range of software
products and services. Its virtual meeting software portfolio includes
Microsoft Teams and Skype, which are some of the most widely used platforms for
video communication. The US-based company is headquartered in Redmond,
Washington. Microsoft focuses strongly on research and development. The company
has committed significant resources towards developing tools, technologies, and
platforms for better digital work and life experiences. In FY 2021, it invested
$ 20.7 billion in R&D activities.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2022-2028
●
Detailed data highlighting key insights, industry components, and
market strategies
● Comprehensive information and estimation of the virtual meeting
software market revenue growth in North America and its influence on the parent
market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the North
America virtual meeting software market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
Market by Technology (Data ana ..
VIEW REPORT1. NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE VIRTUAL MEETING SOFTWARE INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. GROWING
ONLINE EDUCATION
2.2.2. INCREASING
ACCEPTANCE OF VIRTUAL MEETING SOFTWARE
2.2.3. RISING
PENETRATION OF DIGITAL PLATFORMS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.4.1. COMPATIBILITY
2.4.2. EASE
OF USE
2.4.3. INTEGRATION
2.4.4. COST-EFFECTIVENESS
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.7.3. PARTNERSHIPS
2.7.4. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. INCREASE
IN THE NUMBER OF VIRTUAL MEETING SOFTWARE PROVIDERS ACROSS THE GLOBE
2.8.2. SURGE
IN THE ADOPTION OF TECHNOLOGIES LIKE FACIAL RECOGNITION
2.8.3. RISE
IN THE ADOPTION OF VIRTUAL MEETING SOFTWARE BY CORPORATE AND GOVERNMENT
ORGANIZATIONS
2.9. MARKET
CHALLENGES
2.9.1. LESS
FACE-TO-FACE CONTACT WITH CLIENTS AND COLLEAGUES
2.9.2. TECHNICAL
DIFFICULTIES
2.10. MARKET
OPPORTUNITIES
2.10.1. CLOSURE
OF OFFICES AND OTHER FACILITIES DUE TO LOCKDOWNS
2.10.2. INCREASED
PRODUCTIVITY DUE TO WORK-FROM-HOME CULTURE
3. NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY DEPLOYMENT TYPE
3.1. ON-PREMISE
3.2. CLOUD
4. NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY COMPONENT
4.1. SOFTWARE
4.2. SERVICE
5. NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY ENTERPRISE SIZE
5.1. LARGE
ENTERPRISES
5.2. SMALL
& MEDIUM ENTERPRISES
6. NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY APPLICATIONS
6.1. BFSI
6.2. EDUCATION
6.3. IT
& TELECOM
6.4. GOVERNMENT
6.5. HEALTHCARE
6.6. MANUFACTURING
6.7. OTHER
APPLICATIONS
7. NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET – COUNTRY OUTLOOK
7.1. UNITED
STATES
7.2. CANADA
8. COMPETITIVE
LANDSCAPE
8.1. ZOOM
VIDEO COMMUNICATIONS INC
8.2. MICROSOFT
CORPORATION
8.3. ZOHO
CORPORATION
8.4. ADOBE
INC
8.5. ALPHABET
INC
8.6. CISCO
SYSTEMS INC
8.7. GOTO
INC
8.8. HUAWEI
TECHNOLOGIES CO LTD
8.9. AVAYA
INC
8.10. AVENTRI
INC
8.11. SINE
WAVE ENTERTAINMENT LTD
8.12. LIFESIZE
INC
8.13. AMAZON
INC
8.14. LIVESTORM
INC
8.15. AIRMEET
INC
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LIST OF
ACQUISITIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 5: LIST OF
PARTNERSHIPS
TABLE 6: LIST OF BUSINESS
EXPANSIONS
TABLE 7: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: KEY BUYING
IMPACT ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: VIRTUAL
MEETING SOFTWARE SOLUTION FOR A WORKING PERSON AND RELATED SECTOR
FIGURE 4: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, DEPLOYMENT TYPE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 5: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 8: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, ENTERPRISE SIZE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 11: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $
MILLION)
FIGURE 12: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES,
2022-2028 (IN $ MILLION)
FIGURE 13: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, APPLICATIONS OUTLOOK, 2021 & 2028
(IN %)
FIGURE 14: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)
FIGURE 16: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2028 (IN $
MILLION)
FIGURE 17: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2028 (IN $
MILLION)
FIGURE 18: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2028 (IN $
MILLION)
FIGURE 19: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2028 (IN $
MILLION)
FIGURE 20: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 21: NORTH
AMERICA VIRTUAL MEETING SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 22: WORKPLACE
FUTURE IN UNITED STATES, ZOOM STUDY (IN 2021)
FIGURE 23: UNITED
STATES VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: DISTRIBUTION
OF PRIVATE SECTOR EMPLOYEES BY BUSINESS SIZE IN CANADA (IN 2019)
FIGURE 25: CANADA
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)