EUROPE VIRTUAL MEETING SOFTWARE MARKET 2022-2028

ICT | Media Software & Services

EUROPE VIRTUAL MEETING SOFTWARE MARKET 2022-2028

Market by Deployment Type, Component, Enterprise Size, Applications, and Country Outlook | 2022-2028

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A study by Triton Market Research on the virtual meeting software market in Europe shows that the market will progress with a CAGR of 11.79% in the forecast years 2022-2028.


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The countries studied in this market include:

         Poland

         The United Kingdom

         Italy

         Germany

         Belgium

         France

         Rest of Europe

Europe has embraced virtual meeting solutions long back, and their usage has grown massively over time. For instance, several educational institutes use virtual meeting software for distance learning, MOOCs, or similar other purposes. On the other hand, the banking sector uses this software for connecting with other offices globally. The secure networking facilitated by VMS has led to many banks and BFSI businesses to adopt it on a large scale.

In the United Kingdom, many apps witnessed an increase in their daily active users (DAUs) during the coronavirus-induced pandemic outbreak in the country, as an increasingly large number of people took to virtual meeting apps for work and also for socializing with family & friends. For instance, the number of DAUs of the video conferencing platform Zoom reached a peak of approximately 1.7 million people by November 2020. These developments indicate that the UK is a promising market for virtual meeting software.

Although small, Italy is a very impactful market for VMS. The retail, government, education, healthcare, and various other sectors have been using virtual meeting software regularly since the pandemic onset. For instance, representatives from several international clothing brands situated in the country conduct daily virtual meet-ups with different vendors, brands, and even customers worldwide, by using VM software tools. Besides, the government officials also largely use VMS for meetings and summits. These factors indicate an overall positive outlook for the studied market. 

Online meeting tools play a critical role in the success of any organization, whether large or small enterprises, government or private sector companies. For government agencies and public sector institutions, VMS proves to be a cost-efficient method to extend their reach and stay connected. Video conferencing tools help connect office workers and field staff instantly, thereby increasing operational efficiency and strengthening bonds among teams.

The studied report assesses the market’s growth based on applications, deployment type, component, and enterprise size. Here, the applications segment comprises government, healthcare, IT & telecom, manufacturing, BFSI, education, and other applications.

Some of the top companies considered in the virtual meeting software market are Airmeet Inc, Zoom Video Communications Inc, Livestrom Inc, Cisco Systems Inc, Alphabet Inc, Huawei Technologies Co Ltd, Aventri Inc, and Goto Inc.

Livestorm is a company providing browser-based software to businesses for video communication. It offers solutions for webinars with analytics tools, management, as well as marketing tools. The company’s all-in-one browser-based platform easily adapts to all online event formats, thereby allowing users to organize every stage of the event. Currently, more than 3,000 companies around the world use solutions offered by Livestorm, making use of its interactive features like questions, polls, and conversations. Founded in 2016, it is headquartered in Paris, France.

 

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 Europe 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 Europe 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

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Table of Content

1. EUROPE 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. EUROPE VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY DEPLOYMENT TYPE

3.1. ON-PREMISE

3.2. CLOUD

4. EUROPE VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY COMPONENT

4.1. SOFTWARE

4.2. SERVICE

5. EUROPE VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY ENTERPRISE SIZE

5.1. LARGE ENTERPRISES

5.2. SMALL & MEDIUM ENTERPRISES

6. EUROPE 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. EUROPE VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – COUNTRY OUTLOOK

7.1. UNITED KINGDOM

7.2. GERMANY

7.3. FRANCE

7.4. ITALY

7.5. BELGIUM

7.6. POLAND

7.7. REST OF EUROPE

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

List of Tables

TABLE 1: EUROPE 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: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 9: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)

TABLE 10: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)

TABLE 11: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

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: EUROPE VIRTUAL MEETING SOFTWARE MARKET, DEPLOYMENT TYPE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 5: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)

FIGURE 6: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)

FIGURE 7: EUROPE VIRTUAL MEETING SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 8: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 9: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

FIGURE 10: EUROPE VIRTUAL MEETING SOFTWARE MARKET, ENTERPRISE SIZE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 11: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 12: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028 (IN $ MILLION)

FIGURE 13: EUROPE VIRTUAL MEETING SOFTWARE MARKET, APPLICATIONS OUTLOOK, 2021 & 2028 (IN %)

FIGURE 14: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2028 (IN $ MILLION)

FIGURE 15: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)

FIGURE 16: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2028 (IN $ MILLION)

FIGURE 17: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)

FIGURE 18: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 19: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

FIGURE 20: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 21: EUROPE VIRTUAL MEETING SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 22: UNITED KINGDOM VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: WORKING MODE OF PEOPLE IN GERMANY FOR THE YEAR 2022

FIGURE 24: GERMANY VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: FRANCE VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: ITALY VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: BELGIUM VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: POLAND VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)

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