Global Conference Call Services Market Growth Forecast 2021-2027
United States/WA: The global conference call services market was valued at US$ 8.4 billion in 2017 and is projected to reach US$ 12.5 million by 2026, exhibiting a CAGR of 4.6% over the forecast period
Report Pages:[130 Pages]
The Competitive Area of the Conference Call Services Market is Defined by Key Players Like:- Microsoft Corporation, Zoom Video Communications, Dialpad, Polycom, Infinite Conferencing Inc., GlobalMeet, Arkadin SAS, AT Conference, ConferenceCalls, RingCentral Business Phone Services, Zip Conferencing, InterCall Online, and Budget Conferencing Inc.
Conference call services are used by many business corporations and private individuals for various purposes. These calls are helpful for those who are not able to attend seminars or training sessions due to various reasons. Conferences call services to enable the participants to talk to each other in real-time over the phone. These can be made more efficient by the use of conferencing technology which allows users to control the number of people they wish to talk to on the conference call. The conference call services can also be used for conducting meetings over the phone, which include the feature where one person can be in another state at the time of the conference call. This is known as multi-point conference calling. Other conference call services are Zoom, Blue Jeans, and uberconference. Zoom is an online conferencing tool that provides features such as file sharing, screen sharing, and video conferencing. BlueJeans is an online meeting program that is used by businesses and individuals for interactive work purposes. It enables the participants to share visual content and collaborate on the web conference.
North America is expected to lead the global conference call services market over the forecast period owing to the presence of major multinational firms, the high inclination of consumers towards advanced technologies, and continuous innovations. Most of the conference call service provider companies such as Cisco Systems and Polycom are located in the United States.
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The growing need for time-saving methods for communication in an organization is driving the growth of the conference call services market. As per Polycom’s global study in 2017 of more than 24,000 professionals looked at the conferencing activity across 11 major countries found that every one in three people reduced the email activity after adopting conferencing technology. The rising trend of adopting advanced technology such as conference call services is again fostering the growth of the market. Key players such as Cisco and Polycom are adopting advanced technologies such as virtual reality and continuously focusing on enhancing the working environment to enhance productivity which is further anticipated to foster the growth of the conference call services market.
In April 2017, California-based web conferencing and VoIP brand FreeConferenceCall.com has expanded their conference calling services to India. The different free services offered include Audio Conferencing – Voice conference calling with up to 1000 participants, Online Meeting – Video conferencing and screen sharing, etc.
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