Meeting Solutions Software Sales Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based, On-Premise and others), By Application (Large Enterprise, SMB and others) Regional Forecast to 2028

Updated On: 15 May 2023

REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global meeting solutions software sales market size 3324 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the meeting solution software market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 8.7% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Meeting solution software aids in the planning and leadership of team meetings, ensuring that they are productive and focused. These solutions are used by users to efficiently coordinate meetings with scheduling functions and are frequently integrated into calendar software to ensure guaranteed visibility. Meeting solutions software sales also includes tools like agenda creators, loggers, and consensus trackers to facilitate productive meetings. Some options also provide limited task management features for tasks based on meeting action items. While most meeting solutions software sales can be used for almost any type of meeting, some tools are specifically designed for scrums, one-on-one meetings, reviews, and workshops.

Aspects of meeting solutions are included in some board software. These tools, however, specialise in meetings attended by executives, board members, and C-Suite committees. A product must create meeting agendas, record meeting minutes over audio or text, provide consensus tools to facilitate personal decisions or discussions, outline action items, and perform tasks based on meeting procedures, as well as support in coordinating and planning meetings, to qualify for inclusion in the meeting management category.

COVID-19 Impact: Overall Lockdown Affect the market Positively

A variety of business events are cancelled as a result of the covid 19 pandemic, including international seminars, trade shows, investor presentations, product launches, and others. As a result, corporate organisations are adopting livestreaming communication solutions such as teams, zoom, and others to host such events, which has positively influenced market growth. To combat the virus's spread, most government and business organisations have implemented a work-from-home policy. As a result, they rely more on video collaboration solutions to keep track of work-related meetings and activities. Furthermore, the outbreak has a positive impact on enterprise business operations, which affects the meeting solutions software Sales market. This has had an effect on the industry.

LATEST TRENDS

"Launch of new products and software to stimulate market expansion"

Cloud computing and artificial intelligence are two examples of emerging technologies that provide businesses with dependable and flexible options for facilitating virtual meetings and video conferences. Apple, Google, and Microsoft are among the market's leading providers of virtual meeting software solutions that incorporate machine learning and the internet of things. The combination of artificial intelligence and machine learning will enable business owners to improve visual barrier detection and optimise light balance. Meeting solution software sales that incorporate advanced artificial technology will assist businesses in tracking the people who are physically present in the room through the use of automatic camera panning. Thus, the process of developing new launches and software is a major trend that is creating opportunity for the industry to flourish. The market's overall expansion is primarily the result of these recent changes.

SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

The market is divided into categories based on type, cloud-based, on premise and others.

• By Application

The market is divided into Large Enterprise, SMB and other categories based on application.

DRIVING FACTORS

"Increased number of business and Agencies adopting the software that Boosts the Market"

The demand for software that allows organisations to hold meetings is expected to rise as more businesses focus on expanding internationally and improving workplace management. Furthermore, numerous companies across a wide range of industries, including corporate, BFSI, education, government, and healthcare, are implementing this software to maintain a high standard and raise the level of service delivery to their customers in the midst of the global pandemic, thereby lowering their overhead expenses and increasing the level of output achieved by their workplace. Consequently, during the predicted period, increased product dependence will support industry growth. As a result, the market will benefit from growth and increased adoption of software. It will help the services sector flourish and accelerate the Meeting Solutions Software Sales market growth.

"Technological Advancements to support market expansion"

The increased adoption of facial recognition technologies by both the public and private sectors is driving the markers growth. Concerns about transparency, accuracy, and effectiveness, privacy and civil liberties, and evidence of biased outcomes have prompted this adoption. Furthermore, technologies that use facial recognitions assist businesses in increasing the level of security at their organisations and providing employees with multifaceted platforms, both of which contribute to market expansion. Furthermore, facial recognition technologies can help business owners, as well as internal and external stakeholders, determine and authenticate the number of people who attend meetings. Together, these elements are encouraging market expansion, which is raising business revenues. As a result, the market will grow thanks to the growing technological advancements.

RESTRAINING FACTORS

"High Product and solutions Costs Will Prevent Market Expansion"

The cost of the software required for the increasingly common use of meeting software is the primary barrier to its widespread adoption. Furthermore, the high product and service costs associated with virtual meeting solution software sales, as well as the rise in hardware-related expenses, act as barriers to market expansion. The high cost of meeting solution software hardware components such as cameras, virtual devices, and other smartphone devices is a major factor limiting market growth.

REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"The Market is Globally Dominated by North America"

Since this area is the largest user of the product, the market for Meeting Solutions Software Sales in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in the Large Enterprise, SMB industries is one of the important factors driving the Meeting Solutions Software Sales Market Share. Rapid urbanisation trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials.

List of Market Players Profiled

• Cisco (U.S.)
• Microsoft (U.S.)
• BlueJeans Network (U.S.)
• Zoom (U.S.)
• Google (U.S.)
• LogMein (U.S.)
• PGi (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost Meeting Solutions Software Sales Market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.