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Tuesday, June 15, 2021

Low Code Development Platform Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027

Global Low Code Development Platform Research Report: by Type (Database App Platform, Process App Platform, General Purpose Platform, and Request Handling Platform) by Deployment, by Component, by Organization and by Applications- Forecast till 2027

Market Synopsis

The low code development platform market is projected to grow at a whopping 32% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis. Low code development platforms or LCDPs, simply put, are the development of application software using GUI (graphical user interface) rather than conventional processes of computer programming. It has wide applications in construction, media and entertainment, IT and telecommunication, transportation and logistics, healthcare, BFSI, and others.

Various factors are propelling the global low code development platform market share. According to the recent MRFR report, such factors include the growing demand for mobile-based apps for business processes, rising API offerings by solution vendors, demand for software solutions & innovative applications for high investments in IT firms from developed countries, perpetual evolution in digitalization of IT firms, offers low techniques or no coding, and maturity of agile DevOps practices. Besides, owing to the growing impact of the COVID-19 outbreak, many organizations are laying emphasis on cost-cutting for sustaining their business, for which they are adopting low-code development platform to cut-down the operation costs, which is also having a positive impact on the market growth.

On the contrary, the demand for customization based apps for a business may limit the global low code development platform market growth over the forecast period.

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global low code development platform market based on applications, organization size, deployment, component, and type.

By type, the low code development platform market is segmented into the request handling platform, general purpose platform, process app platform, and database app platform.

By component, the low code development platform market is segmented into services and solutions. The solution segment is again segmented into web solutions and mobile solutions. The service based solutions are again segmented into managed services and professional services. Of these, solutions will dominate the market over the forecast period.

By deployment, the low code development platform market is segmented into on the cloud and on-premise. The on the cloud segment will lead the market over the forecast period.

By organization size, the global low code development platform market is segmented into large enterprises and small & medium enterprises. Of these, large enterprises will stay at the forefront in the market over the forecast period.

By application, the global low code development platform market is segmented into construction, media and entertainment, IT and telecommunication, transportation and logistics, healthcare, BFSI, and others. Of these, the BFSI segment will have a major share in the market over the forecast period.

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Regional Analysis

By region, the global low code development platform market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, North America will stay at the forefront in the market during the forecast period. The rise in internet users and the development of web and mobile applications for business organizations are adding to the global low code development platform market growth in the region. The United States holds a maximum share in the market.

The global low code development platform market in the APAC region is predicted to have healthy growth over the forecast period for surging economic growth in India and China and rapidly increasing start-ups as IT firms.

The global low code development platform market in Europe is predicted to have sound growth over the forecast period, and in the LAMEA is predicted to have steady growth over the forecast period.

Key Players

Key contenders profiled in the global low code development platform market report include TrackVia Inc. (U.S.), Kony Inc, (U.S), Service now (U.S.), AgilePoint (U.S.), Bizagi (U.K), K2(U.S.), MatsSoft (U.K), Microsoft Corporation (U.S.), Appian (U.S.), Caspio (U.S.), Google Inc., (U.S.), Mendix(U.S.), OutSystems(U.S.) and Salesforce (U.S.).

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Data as a Service (Daas) Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

Data as a Service Market, Deployment (Public, Private, Hybrid), Organization Size (SME, LE), End User (BFSI, Healthcare, Retail, IT & Telecom), Pricing Model (Volume-Based Model, Data Type-Based Model), Solution, Professional Services — Forecast till 2027

Market Highlights

According to Market Research Future (MRFR), the global data as a service (DaaS) market is projected to achieve USD 12 billion at a CAGR of 39% from 2020 to 2027 (forecast period). The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry.

Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer. DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data.

Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves. Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.

Market Dynamics

The factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics. In addition, the industry is also driven by the increased adoption of cloud-based services in enterprises. Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry. The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) that could potentially impede the market growth.

Cloudera has extended its Altus Data Science platform as a service offering to the Azure cloud. This development will preserve business metadata and security and governance policies so that they can be implemented through data processing and data analytics workloads in the cloud.

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Key players

The industry giants in the data as a service are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Alibaba Group Holding Limited (China), Facebook, Inc. (U.S.), Fair Isaac Corporation (U.S.), Google Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), Bloomberg Finance L.P. (U.S.), Mastercard Advisors LLC (U.S.), LinkedIn Corporation (U.S.), and LexisNexis Corporation (U.S.).

Other participants in the market include comScore, Inc. (U.S.), Dow Jones & Company, Inc. (U.S.), FirstRain, Inc. (U.S.), Equifax, Inc. (Canada), Experian plc (Ireland), Twitter, Inc. (U.S.), Verizon Communications, Inc. (U.S.), SAS Institute Inc. (U.S.), Acxiom Corporation (U.S.), and EMC Corporation (U.S.).

Market Segmentation

The global data as a service market has been segmented into deployment, organization size, end-user, pricing model, solution, and professional services.

By deployment, the global data as a service market has been segmented into public cloud, private cloud, and hybrid cloud.

By organization size, the global data as a service market has been segmented into small and medium enterprises and large enterprises.

By the end-user, the global data as a service market has been segmented into BFSI, healthcare, retail, manufacturing, media & entertainment, transportation, IT & telecom, and others.

By pricing model, the global data as a service market has been segmented into volume-based pricing model and data type-based pricing model. The volume-based pricing model includes quantity-based pricing and pay per use pricing.

By solution, the global data as a service market has been segmented into disaster recovery and backup solutions, test data management, data warehousing, data migration, and others.

By professional services, the global data as a service market has been segmented into implementation & deployment, support & maintenance, and consulting.

Regional Analysis

The geographical analysis of the global data as a service market is studied for North America, Europe, Asia Pacific, and the rest of the world.

North America is expected to lead the data as a service (DaaS) market during the forecast period. North America has a large amount of unstructured data gathering due to the digital revolution in the commercial and industrial sectors. Furthermore, the early adoption of cloud-based deployment services in North America has made it easier for industrial verticals to opt for big data analytics to re-structure business functions and strategies.

With rapid advances in data as a service, Asia Pacific is expected to expand at a significant pace during the forecast period. With the growing acceptance of cloud-based services and tremendous opportunities across companies in Asia Pacific countries, there is greater scope for advancement in the data as a service (DaaS) market.

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Managed Services Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027

Global Managed Services Market Research Report: By Service Type (Cloud Services, Managed Data Center Services, Managed Security Services, Managed Collaboration Services, Managed Mobility Services, Network Services and Testing, Others), Organization Size Large Enterprises, SMEs), Vertical (BFSI, IT & Telecommunication, Retail & E-commerce, Healthcare, Industrial/Manufacturing, Energy & Utilities, Education & Research, Others) - Forecast till 2027

Market Snapshot

Market Research Future (MRFR), in its new report on the world managed services market 2020 states several factors that can impel the market. As per MRFR study, the managed service market is likely to rise at 16.2% CAGR across the review period. MRFR findings also shows that the managed service global market can value at USD 417.1 Bn by 2027. The growing utility of managed services across business enterprises to support offload IT operations and allow third-party service are creating high need for managed service providers (MSPs).

Enterprises are highly focused on core business activities and in the development of different strategies. The availability of different managed services that offer remediation services, support and maintenance services, network management, database management, monitoring services, security services, managed contact center services, managed storage, server management, disaster recovery, enterprise mobility management, web hosting, and application hosting among others.

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Market Segment

The segment study of managed services market is based on service type, vertical, and organization size.

The service type based, managed services market segments are managed data center services, managed security services, managed collaboration services, cloud services, network services and testing, and managed mobility services among others. The cloud services segments are cloud brokerage services, cloud service orchestration, and cloud migration service among others. Managed data center services segments are change management services, and monitoring services among others.

Managed security services segments are threat detection monitoring services, identity and access management, incident response services, and vulnerability services among others. Managed collaboration services are unified communications and unified contact center among others. Managed mobility services segments are application lifecycle management, expense management, and mobile device management.

The network services and testing segments are operation services, design services, and implementation services among others. Data and Information management and BSS/OSS managed service are other segments. The organization size based, managed services market trends are large enterprises and SMEs. The vertical based, the managed services market segments are education & research, retail & e-commerce, BFSI, IT & telecommunication, energy & utilities, healthcare, industrial/manufacturing, and others.

Regional Analysis

North America managed services market is expected to rise exponentially shows MRFR analysis. The world managed services market highest share is likely to be backed by North America due to the ease of availability of technical expertise and expansion of the IT sector. The market size in North America across the review period is expected to increase as key developers of managed services are present in high number and they are investing heavily in research and development undertakings to introduce innovations with better performance and high reliability. These factors are expected to prompt the managed service market in the US. The presence of Cisco Systems, Inc., DXC Technologies, and IBM Corporation can aid in the expansion of the market. In Europe, the managed service market can owing to the high rate of adoption of IoT technology and cloud platform solutions. The rising in managed service requirement across the UK and the rest of the EU can contribute largely to expansion of Europe managed services market.

Companies Covered

MRFR sorted some notable managed services market players based origin, product line, and financial aspects. Regional branches and key developments were other filters used by MRFR to enlist key players of the managed services market. They are; Cisco Systems, Inc (US), Amdocs Limited (US), Unisys Corporation (US), Accenture (US), Telefonaktiebolaget LM Ericsson (Sweden), Atos SE (France), NTT Data Corporation (Japan), Huawei IBM Corporation (US), DXC Technology Company (US), Technologies Co. Ltd (China), and Fujitsu (Japan) among others.

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In-App Advertising Market Competitive Dynamics, Size, Share and Global Outlook by forecast 2027

Global In-App Advertising Market Research Report: by Platform (Android, iOS, others), Ad-Format (Video ad-format, non-video ad-format), Application Type (Online shopping & fashion, gaming, entertainment & social media, news & sports and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2027

Market Highlights

In-app ads are displayed within a mobile app, such as banners at the top or bottom of a game of an app. In-app advertising is currently the fastest growing form of mobile advertising in the market and is highly adopted by marketers due to its various benefits. Over more than a decade, mobile and in-app advertising have been the branches of digital advertising that have seen the fastest growth and technological innovation. Mobile advertising includes video ads, mobile website display, and in-app advertisements.

The global in-app advertising industry has been segmented based on platform, Ad-format, application type, and region.

North America is expected to lead the global in-app advertising market during the forecast period, followed by Asia-Pacific. The growth of the in-app advertising market in North America is driven by the presence of market leaders such as Google, Apple Inc., Facebook, Microsoft Corporation, and Tune Inc. among others and their continued investments in the market. Increasing adoption of smartphones and mobile applications gaining popularity has positively impacted the growth of in-app advertising market in the region. Continuous increase in mobile ad spending in countries such as the US and Canada has further driven the growth of in-app advertising market in the region.

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Prominent Players

Some of the Prominent Players in the global in-app advertising market are Microsoft Corporation (US), Facebook Inc.(US), Apple Inc. (US), Google LLC (US), Amobee Inc. (US), MoPub Inc(US), The Rubicon Project, Inc. (US), InMobi (US), Verizon Communications Inc. (US), Tapjoy, Inc. (US) among others

Segmentation

Based on platform, the market has been categorized as Android, iOS, and others. The Android segment accounted for the largest market share of 56.8% in 2018; it is expected to grow at a CAGR of 29.6% during the forecast period of 2020–2027. It is expected to be the fastest growing segment due to increasing proliferation of Android smartphones and the high number of free applications available on Android platform using in-app advertising strategy for revenue generation are some of the factors driving the growth of in-app advertisement in the Android market

Based on Ad-format, the global in-app advertising market has been categorized as video add-format and non-video ad-format. The video-add format held the largest market share during 2018, accounting for a market share of 72.5% and is expected to be the fastest growing segment at a CAGR of 28.7% during the forecast period of 2020–2027. The video format has been proven to deliver higher-value and interactive content to the customers worldwide, which increases customer engagement. Video advertising involves analyzing channel performance and reducing expenditure on low-performance channels, which results in more companies adopting in-app videos as a medium of advertising; this further helps in increasing the ROI.

Based on application type, the market has been segmented as online shopping & fashion, gaming, entertainment & social media, news & sports, and others. The online shopping & fashion segment accounted for the largest market share of 35.8% in 2018. E-commerce applications are increasingly deploying in-app advertising campaigns in order to improve click-through rates and ensure better targeting. It also helps the online shoppers to view the image and understand details of the products which drives the traffic to the website. However, entertainment and sports is expected to be the fastest growing segment with a CAGR 30.0% during the forecast period of 2020–2027.

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Warehouse Management System (WMS) Market Research Report - Global Forecast to 2027

Global Warehouse Management System (WMS) Market Information by Service Type (Software, Consulting, System integration, and Operations & Maintenance), by Application (Electronics, Pharmaceutical, Transportation & logistics, Retail, and Others) and by Region - Forecast to 2027

Overview

A warehouse management system (WMS) is a software application, designed to support warehouse or distribution center management and staff. WMS applications can be so complex and data intensive that they require a dedicated staff to run them. WMS provides optimization, monitoring and control of complex warehouse and distribution activities such as yard management, dock scheduling, order management, inventory management, and others in an efficient manner.

According to a recent study report published by the Market Research Future, The global market of Warehouse Management System is booming and expected to gain prominence over the forecast period. The Global Warehouse Management System market is forecasted to demonstrate an exponential growth by 2027, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 14% during the estimated period (2020 – 2027).

Growing e-commerce sector across the driving the growth of the market. WMS reduces the delivery lead times and errors while processing the orders. Hence, the greater efficiency and productivity while implementing WMS, which strengthens the supplier‐customer relationships. This factor also provide the positive influence on the growth of the market. However, High Implementation Cost of WMS solutions may hamper the growth of the market.

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Key Players:

HighJump Software (U.S.), Oracle Corporation (U.S.), Manhattan Associates Inc. (U.S.), Tecsys Inc. (Canada), SAP SE (Germany), JDA Software Group Inc. (U.S.), LogFire Inc. (U.S.), Made4net LLC (U.S.), Softeon Inc.(U.S.), and Synergy Logistics Ltd (U.K.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Warehouse Management System Market.

Competitive Analysis

Global Warehouse Management System Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Warehouse Management System manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Warehouse Management System for every application.

Industry News

In April 2017, Oracle announced a new supply chain cloud functionality that helps businesses master challenging warehouse fulfillment issues in order to help outpace their competition. Version 8 of Oracle Warehouse Management Cloud has the latest functional user experience and integration enhancements that provide a comprehensive view of inventory from supplier to the distribution center (DC) to store shelves.

In September, 2016, Oracle Corp. Business software giant would buy LogFire Inc., a provider of cloud-based warehouse management systems (WMS), to help Oracle complete its portfolio of supply chain management applications in an effort to compete with logistics technology specialists like Manhattan Associates Inc. and JDA Software Group Inc.

Segmentation

Global Warehouse Management System Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.

Segmentation:

On the basis of service type, market is segmented into Software, Consulting, System integration, and Operations & Maintenance. Software segment dominates service type segment of the market. Increasing awareness of WMS software among small and medium-sized enterprises (SMEs) and the growing adoption of cloud-based WMS software solutions are the factors driving the demand for WMS software.

Based on Application segment the market is segmented into Electronics, Pharmaceutical, Transportation & logistics, Retail, and Others. Others include the Food & beverage, Automotive, and personal care among others. Food & beverage dominates application segment of the market. Rising demand for food & beverages among the consumers, increase the implementation of WMS solutions in the warehousing facilities. Automotive is also another major application of the market. Growing after-sale market for automotive spares, increasing customization in vehicles, and growing need to ensure the availability of various components for automobile manufacturing are propelling the adoption of warehouse management systems in the automotive industry.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis

European region dominates Warehouse Management System Market. The advancement in warehouse management system as well as increasing awareness of cloud based warehouse management systems are some factors driving the growth of this market in European region. North America is another major region for the market. It is expected to contribute significantly during the forecast period.

Asia-Pacific is expected to witness the highest growth during the forecast period. China, India, Japan, Australia and Indonesia are among the major markets for warehouse management systems in the Asia Pacific region. Rapid growth in e-commerce sector as well as demand for extended WMS solutions to support in-store inventory, order management, and cloud integration driving the growth of the market in the region.

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Privacy Management Software Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2027

Privacy Management Software Market Research Report Information, —By Application (Compliance Management, Risk Management, Reporting and Analytics), Deployment Mode, Vertical (Telecommunication & IT, BFSI, Government & Defense) – Global Forecast till 2027

Industry Insight

Global Privacy Management Software market 2020 and its growth is depending on many factors significantly, which is expecting growth at 22.8% CAGR during the forecast period (2020-2027), reveals Market Research Future (MRFR).

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Top Impacting Factors

With snowballing volume and prominence of data that the modern information system maintains, privacy and security breach poses an augmenting threat not only to users but also to system operators as well as designers. The organizations are booming for the software that would enable them to implement their tasks without much interference; however, in case of misconduct, the software must be capable of hold the user liable. Thus, seeing this, the rising demand for accountability is enforcing the organizations to adopt privacy management software that would allow them to maximize autonomy and capture accountability. This will drive the privacy management software market in the forecast period, as per MRFR’s analysis.

The mounting number of cyber-attacks, rising concerns concerning data privacy among the consumers, and rigid government regulations over data security are some other major factors expected to compel the growth of this market. The ever-increasing enterprise expenditure for data privacy is also creating an opportunity for the companies in the privacy management software market to gain a strong customer base, and making the future fruitful for the market during the years 2020 to 2027.

On the global stage, the privacy management software market is most likely foreseen enforcement shaping how international companies go about resembling data privacy in business practices. Some of the renowned companies in the landscape have been working in the best ways as they can to pertain to the highest standards on a global base, providing that benefit to all. While others are projected to risk-assess and act by region, and the remaining might continue to pay lip-service to the regulation owing to the limited number of cases. Such a trend anticipates the growth of the privacy management software market in the forecast period at an exceptional level than in previous years.

At the same time, other significant factors acting well on the market growth are the rising adoption of Bring-your-own-devices (BYOD) and the data protection and governance regulations. The security-related expenditure by enterprises is also accepted to boost after the European Union General Data Protection Regulation (EU GDPR). The awareness about privacy management is low but is anticipated to grow in the near future, finds MRFR in its latest study.

Segmentation of Market: Privacy Management Software

The global privacy management software market under segmental analysis has covered the segments of deployment mode, application, and organization size, vertical.

Among the application segment, the global privacy management software has included risk management, compliance management, and reporting and analytics.

Among the deployment mode segment, the global privacy management software has included on-premises and cloud.

Among the organization size segment, global privacy management software has included small and medium-sized enterprises (SMEs) and large enterprises.

Among the vertical segment, the global privacy management software market has included telecommunication and IT, reporting and analytics, beverages and consumer goods, food, government and defense, banking, healthcare and pharmaceutical, financial services and insurance (BFSI), and others.

Regional Outlook

North America, Europe, Asia-Pacific, and the rest of the world are the top regions mentioned in the study of the global privacy management software market

Among the regions mentioned, the North American region is likely to own the largest market share during the assessment period. The US occupies about 80%-85% share in the region as most of the chief vendors are headquartered here with a sturdy customer base.

Where the market size of Europe is estimated to swell at the highest CAGR from 2020-2027, followed by EU GDPR and other ePrivacy regulations such as the Healthcare Information Trust Alliance (HITRUST), Payment Card Industry (PCI), Information Commissioners Office (United Kingdom), Telecommunications Service Companies Privacy Regulation (Germany), Privacy and Electronic Communications Regulations (United Kingdom). These have been issued to supplement existing laws and regulations regarding data privacy.

Top Market Contenders

The significant players in the privacy management software market are identified across all the major regions. The top ones are OneTrust, LLC (UK), Nymity Inc. (US), SIMBUS, LLC. (US), TrustArc Inc (US), International Business Machines Corporation (US), BigID, Inc. (US), Proteus-Cyber Ltd. (UK), Protiviti Inc. (US), TokenEx (US), 2B Advice LLC (US), AURA DIFUSION S.L.(US), SureCloud (UK), LogicGate, Inc. (US), AvePoint, Inc. (US), PossibleNOW, Inc.(US), MetricStream Inc. (US), Bwise (US) and RSA Security LLC. (US).

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Online Meeting Software Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

Global Online Meeting Software Market Research Report: by Component (Software, Services), by Deployment (Cloud-based, On-Premise), by Organization Size (Large Enterprise, SMEs), by End-User (BFSI, IT & Telecom, Government, Healthcare, Manufacturing and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Market Highlights

The Global Online Meeting Software Market is expected to register a CAGR of 11.1% during the forecast period of 2020–2027. There are various factors contributing to the growth of the global online meeting software such as the increasing digitalization and urbanization which is increasing the adoption of online meeting software among the enterprises to reduce the distance between the clients globally.

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Regional Analysis

The global online meeting software market is estimated to grow at a significant rate in the future. The geographical analysis of online meeting software market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America dominates the global online meeting software market, by region, due to the early adoption of the web conferencing services and online meeting. Additionally, there are various companies present in the region who offers various online meeting software and services which is driving the growth of the market. Additionally, high internet speed and developed infrastructure which increases the demand for the online meeting software market in the region. The US accounts the largest market share in the region due to presence of various industries and end-users in the region who are using these software and services such as BFSI, IT & telecom, government agencies, and others. Whereas, Canada is expected to be the fastest-growing country in the region during the forecast period.

Europe accounts the second-largest market share in the online meeting software market due to presence of various industries such as automotive, BFSI, IT & telecom, and others which is driving the market. Additionally, the presence of various countries such as the UK, Germany, France, Italy, and others in the region are the major contributors in the global online meeting market. Additionally, the increasing ownership of smartphones has also accelerated the market growth in the region as the users can attend the web conference with smartphones irrespective of their location.

Asia-Pacific is expected to be the fastest-growing region during the forecast period due to increasing advancement in terms of technology, urbanization, and digitalization. The present companies and upcoming startups are adopting online meeting software to increase their client conversion. Additionally, the SMEs and large enterprise are also using this software to reduce their spend on travel and increase the productivity and efficiency of the work without spending much on traveling. China is expected to be the dominating country in the region whereas India is accounted to be the fastest-growing country during the forecast period.

Rest of the world is segmented as South America and Middle East & Africa is expected to be growing with a significant CAGR during the forecast period due to development of infrastructure and investments made by various industries in the region. Additionally, the subsidiaries and startups are using smartphones for online meeting to conduct training and conferencing.

Key Players

MRFR recognizes the key players in the global online meeting software market Nextiva (US),RingCentral, Inc. (US), Jive Communications (US), Vonage (US), Dialpad, Inc. (US), 8x8, Inc. (US), Ooma, Inc. (US), FluentStream Technologies, LLC (US), Zoho Corporation Pvt. Ltd. (India), Zoom Video Communications, Inc. (US), LogMeIn, Inc (US), Cisco Systems (US), Amazon Web Services, Inc. (US), IBM Corporation (US), Microsoft Corporation (US) among others.

The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

Key Segments

The global online meeting software market has been segmented based on component, deployment, organization size, end user, and region.

By component, the market has been segmented into software and services.

By deployment, the market has been segmented into cloud-based and on-premise

By organization size, the market has been segmented into large enterprises and SMEs.

By end user, the market has been segmented into BFSI, IT & telecom, government, healthcare, manufacturing, and others

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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https://www.techsite.io/p/2295138

https://in.avalanches.com/pune__digital_map_market_size_share_current_trends_industry_demand_regi1732926_15_06_2021

https://www.spoke.com/topics/digital-map-market-size-share-current-trends-industry-demand-regional-outlook-and-forecast-to-2027-60c8722230f3613ff201d168

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