London, 19 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Web Conferencing Services Market 2015-2019, which is expected to post a CAGR of 9.60 percent during the period 2014-2019.
“Vendors operating in the Web Conferencing Services market are re-evaluating their pricing to gain market share through the high adoption of web conferencing solutions by small and medium businesses,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors are coming up with local language support to cater to the SMB segment. It becomes mandatory for vendors to provide support in local languages to increase their market shares in this rapidly growing segment.”
Key Market Drivers
- Training Needs of Geographically Diversified Teams
- High Adoption of SaaS-based Web Conferencing
- Increased Productivity and Cost-efficiency
- Increased Demand for Improving Communication
Key Market Trends
- Collaborative Workspaces
- High Growth in APAC Region
- High Adoption by SMBs
- User-friendly Web Conferencing Solutions
Key Market Vendors
- Adobe Systems Inc.
- Cisco Systems Inc.
- Citrix Systems Inc.
- IBM Corp.
- Microsoft Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
