Web Conferencing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Real-time connectivity is the need of the hour, and the global web conferencing market is building itself to provide the perfect tools to achieve it. Players are upgrading their services and technologies to make web conferencing as effortless and seamless as possible. Modern features incorporated into the global web conferencing market not only help make it simpler but also improve conferencing quality and overall corporate productivity.
About Web Conferencing
The
global web conferencing market requires users to be equipped with capable computers and an Internet connection, while the services are built to take care of the rest. The services allow customers, corporate executives, clients, partners, and company members to converse with each other from different locations. Online workshops and interactive conferences are a part of the package offered by most web conferencing services. Most of these services make use of TCP/IP connections. They also allow multicast communications and point-to-point communications, which involve one member addressing multiple listeners. The data streams can be of audio, video, or text format.
Improvements in Conferencing Abilities Drives Global Web Conferencing Market
The key factor that boosts the global web conferencing market is greater efficiency. The services offered by players in the global web conferencing market can help users make online demonstrations of their products, collaborate with peers or clients, and present information in a readily recognizable data format.
Another major positive aspect of the global web conferencing market is the flexibility it provides its users while approaching others. Customer support and meetings with members in different time zones can become easier with the technologies offered by this market. Superior web conferencing services do require high-speed Internet services, which could prove to be an issue when conversing with a user who cannot avail them. Consistent improvements in data transmission technologies and Internet services around the world could help resolve this issue in the near future. At present, the most commonly used features in the global web conferencing market include texting, Voice-over IP, and full-motion video.
Other growth factors of the global web conferencing market include improvements in web camera and workstation audio/video processing technology. It has now become increasingly convenient to host online seminars and conferences in superior quality, regenerating wide interest in the global web conferencing market. The pace at which these services are being adopted has accelerated over the past few years, as heavy competition introduces low-cost technology and affordable services.
Top Services in the Global Web Conferencing Market
Most of the key services provided in the global web conferencing market offer threaded discussions, customizable access control, splitting of feeds for different conference groups, tools for filtering search results, a different set of tools for the host, and high-quality data streaming. Some of the top enterprises that offer these features include IBM Sametime, Acrobat Connect Professional, Microsoft Office Live Meeting, Cotrix GO To Meeting, and WebEx MEetMe Now.
Key players in the global web conferencing market include IBM Sametime, Starlight Networks StarLive, ACT Conferencing, Voxeet, GoToWebinar, eXo Platform with Weemo, Cisco WebEx, VenueGen, Skype, OmNovia Technologies, Netviewer, Adobe Connect, Epiphan Systems, BigBlueButton, Oracle Beehive, Calliflower, VeriShow, RHUB Communications Inc., Elluminate, TeamViewer, Genesys Meeting Center, Mikogo, InterCall, PowWow365, and TimeBridge. We thus see that the global web conferencing market is a highly competitive one, mostly due to the online availability of the services provided by most if not all of these major players, which makes it easier for users to access them from even the most far-flung locations in the world.
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