Web Conferencing Market
Globalization has brought many changes with it in the recent past. Currently, no business is restricted to one place. It is required collaboration with all the international and domestics players. Collaboration is new mantra adopted largely by all the enterprises. Which is found increasingly useful. Key challenge that companies were facing a combination of right collaboration tools that can help marketers to exchange the idea and communicate to each other as effective as a face to face meeting. This has made the web conferencing a key differentiating medium due to requirement of communicating with clientele in the real time.
Globalization has brought many changes with it in the recent past. Currently, no business is restricted to one place. It is required collaboration with all the international and domestics players. Collaboration is new mantra adopted largely by all the enterprises. Which is found increasingly useful. Key challenge that companies were facing a combination of right collaboration tools that can help marketers to exchange the idea and communicate to each other as effective as a face to face meeting. This has made the web conferencing a key differentiating medium due to requirement of communicating with clientele in the real time.
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Report Description<br />
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According to the market research, the web conferencing market was value at US$ 1.80 Bn in<br />
2012. The web conferencing market is expected to reach at US$ 2.88 Bn by 2017, exhibiting a<br />
CAGR of 9.8% between 2012 and 2017. Factors driving the web conferencing market include;<br />
• Globalization<br />
• Saving travel cost and ROI<br />
• Growing awareness and User-friendly<br />
• Environmental Imperatives<br />
• Need for enhancing productivity<br />
• Need for social networking<br />
• Growth of Virtual Employee<br />
• Migration to UC<br />
Furthermore, web conferencing has become a new trend for communication especially for<br />
commercial segment. The need for enhanced productivity from employees, and constant need<br />
of technology innovation are the key factors driving the web conferencing market over the next<br />
five years.
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