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EUROPE VIRTUAL MEETING SOFTWARE MARKET FORECAST 2022-2030

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EUROPE VIRTUAL MEETING SOFTWARE MARKET FORECAST 2022-2030

The Europe virtual meeting software market is estimated to progress with a CAGR of 12.02% during the forecasted years of 2022 to 2030, reaching a revenue share of $9462.40 million by 2030.

EUROPE VIRTUAL MEETING SOFTWARE MARKET FORECAST 2022-2030

Europe Virtual Meeting Software Market by Component (Software, Service) Market by Deployment Mode (on-premise, Cloud) Market by Enterprise Size (Large Enterprise, Small & Medium Enterprise) Market by End-users (BFSI, Education, IT & Telecom, Government, Healthcare, Manufacturing, Other End-users) by Geography

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The Europe virtual meeting software market is estimated to progress with a CAGR of 12.02% during the forecasted years of 2022 to 2030, reaching a revenue share of $9462.40 million by 2030.

The market growth of the region is strengthened by the well-established presence of educational institutions and corporate headquarters and the secure networking possible through virtual meeting software. However, the Europe virtual meeting software market growth is likely to be restrained due to the adoption of technology among the older-aged population.

Europe Virtual Meeting Software Market

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The Europe virtual meeting software market growth assessment entails the evaluation of France, the United Kingdom, Germany, Belgium, Italy, Poland, and Rest of Europe. In the United Kingdom, the use of virtual meeting software in the government sector is rising owing to the closure of office places, given the imposition of lockdowns. Several government officials and employees, as well as Members of Parliament, are also in favor of the use of virtual meeting software for government activities. In addition, research and development in the country also utilize the software on a larger scale, especially for the collaboration and scientific working for various applications and research endeavors.

On the other hand, when Germany established its new protective measures, the listed organizations faced several new challenges. For instance, they had to hold general meetings without the physical presence of their shareholders in order to inhibit the spread of the novel coronavirus. Furthermore, by the end of March 2020, the country’s government initiated a law for mitigating the impact of the pandemic, termed the COVID-19 Mitigation Act.

The proposed changes primarily impacted the German Stock Corporation Act, aimed at enabling managements to remove the physical presence of shareholders, host virtual general meetings, and organize regular communications with investors for the duration of 2020. Hence, these factors are set to augment the Europe virtual meeting software market growth over the forecast period.

The Europe virtual meeting software market is segmented into component, deployment mode, enterprise size, and end-users. The deployment type category is further segmented into on-premise and cloud. On-premise deployments enable companies to deploy a meeting connector virtual machine in their respective internal company networks. Through this, the user, as well as meeting metadata, are still handled in the public cloud. However, all meeting traffic is hosted in the private cloud of the organization via a virtual room connector, on-premise meeting connector, and recording connector.

Conversely, cloud computing differs from on-premises virtual meeting software in a crucial way. While a company hosts everything in-house in an on-premise environment, a third-party provider hosts it for the enterprise in a cloud environment.

Top players operating in the Europe virtual meeting software market include Microsoft Corporation, Alphabet Inc, Cisco Systems Inc, etc.

Avaya Inc, headquartered in the United States, is a global business communication company. It provides a diverse range of services and software for unified communications and contact centers, offered in the cloud, on-premises, or as a hybrid solution.

The company’s products and services portfolio span hardware, software, cloud services, as well as professional and support services. It is operational across the Americas, Europe, the Asia Pacific, and the Middle East & Africa.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Component, Deployment Mode, Enterprise Size, and End-Users
Countries Analyzed The United Kingdom, Italy, Poland, France, Germany, Belgium, and Rest of Europe.
Companies Analyzed

Zoom Video Communication Inc, Microsoft Corporation, Zoho Corporation, Adobe Systems Inc, Alphabet Inc, Cisco Systems Inc, GoTo Inc, Huawei Technologies Co Ltd, Avaya Inc, Aventri Inc, Sine Wave Entertainment Ltd, Lifesize Inc, Amazon.Com Inc, Livestrom Inc, and Airmeet Inc.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RISE IN ADOPTION OF VIRTUAL MEETING SOFTWARE AMONG CORPORATES AND GOVERNMENT ORGANIZATIONS
        • INCREASE IN NUMBER OF VIRTUAL MEETING SOFTWARE PROVIDERS ACROSS THE GLOBE
        • SURGE IN ADOPTION OF TECHNOLOGIES SUCH AS FACIAL RECOGNITION,
      • KEY RESTRAINTS
        • TECHNICAL DIFFICULTIES
        • LESS FACE-TO-FACE CONTACT WITH CLIENTS AND COLLEAGUES
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON VIRTUAL MEETING SOFTWARE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. KEY BUYING CRITERIA MARKET BY COMPONENT
      • SOFTWARE
      • SERVICE
    3. MARKET BY DEPLOYMENT MODE
      • ON-PREMISE
      • CLOUD
    4. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISE
      • SMALL & MEDIUM ENTERPRISE
    5. MARKET BY END-USERS
      • BFSI
      • EDUCATION
      • IT & TELECOM
      • GOVERNMENT
      • HEALTHCARE
      • MANUFACTURING
      • OTHER END-USERS
    6. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • BELGIUM
          • POLAND
          • REST OF EUROPE
          • COMPATIBILITY
          • EASE OF USE
          • INTEGRATION
          • COST EFFECTIVENESS
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ADOBE SYSTEMS INC
        • AIRMEET INC
        • ALPHABET INC
        • COM INC
        • AVAYA INC
        • AVENTRI INC
        • CISCO SYSTEMS INC
        • GOTO INC
        • HUAWEI TECHNOLOGIES CO LTD
        • LIFESIZE INC
        • LIVESTROM INC
        • MICROSOFT CORPORATION
        • SINE WAVE ENTERTAINMENT LTD
        • ZOHO CORPORATION
        • ZOOM VIDEO COMMUNICATION INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VIRTUAL MEETING SOFTWARE

    TABLE 2: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT MODE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT MODE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY END-USERS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY END-USERS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: LEADING PLAYERS OPERATING IN EUROPE VIRTUAL MEETING SOFTWARE MARKET

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: VIRTUAL MEETING SOFTWARE SOLUTION FOR A WORKING PERSON AND RELATED SECTOR

    FIGURE 2: SHARE OF REMOTE WORKERS IN FULLY REMOTE MODE (IN 2019-2021)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: DIGITAL ADOPTION BY REGION IN 2021 (IN %)

    FIGURE 5: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 6: OPPORTUNITY MATRIX

    FIGURE 7: VENDOR LANDSCAPE

    FIGURE 8: KEY BUYING CRITERIA

    FIGURE 9: EUROPE VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY COMPONENT, IN 2021

    FIGURE 10: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 11: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2030 (IN $ MILLION)

    FIGURE 12: EUROPE VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY DEPLOYMENT MODE, IN 2021

    FIGURE 13: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2030 (IN $ MILLION)

    FIGURE 14: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2030 (IN $ MILLION)

    FIGURE 15: EUROPE VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY ENTERPRISE SIZE, IN 2021

    FIGURE 16: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISE, 2022-2030 (IN $ MILLION)

    FIGURE 17: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISE, 2022-2030 (IN $ MILLION)

    FIGURE 18: EUROPE VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY END-USERS, IN 2021

    FIGURE 19: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2030 (IN $ MILLION)

    FIGURE 20: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)

    FIGURE 21: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2030 (IN $ MILLION)

    FIGURE 22: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2030 (IN $ MILLION)

    FIGURE 23: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)

    FIGURE 24: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2030 (IN $ MILLION)

    FIGURE 25: EUROPE VIRTUAL MEETING SOFTWARE MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 26: EUROPE VIRTUAL MEETING SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 27: UNITED KINGDOM VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: GERMANY VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: WORKING MODE OF PEOPLE IN GERMANY FOR 2022

    FIGURE 30: FRANCE VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: ITALY VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: BELGIUM VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 33: POLAND VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 34: REST OF EUROPE VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    1. MARKET BY COMPONENT
      • SOFTWARE
      • SERVICE
    2. MARKET BY DEPLOYMENT MODE
      • ON-PREMISE
      • CLOUD
    3. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISE
      • SMALL & MEDIUM ENTERPRISE
    4. MARKET BY END-USERS
      • BFSI
      • EDUCATION
      • IT & TELECOM
      • GOVERNMENT
      • HEALTHCARE
      • MANUFACTURING
      • OTHER END-USERS

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