SEATTLE, Oct. 12, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global conference call services market was valued at US$ 8.4 billion in 2017 and is projected to exhibit a CAGR of 4.6% over the forecast period (2018–2026).
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https://www.coherentmarketinsights.com/market-insight/conference-call-services-market-2197
Key Trends and Analysis of the Conference Call Services Market:
The global conference call services market is projected to witness considerable growth over the forecast period, owing to increasing demand for time and cost saving methods for communication. It enables real-time collaboration and communication of business unit members of any organization. Conference call services find applications in industries such as corporate enterprises, healthcare, government & defense, and media & entertainment. The emerging trends such as shift from audio conference calls to video conference calls are driving growth of the global conference call services market.
Advancements in video conferencing call services such as augmented and virtual reality is expected to drive growth of the market over the forecast period. Among call service type, the cloud-based segment is expected to grow at a highest rate over the forecast period, owing to its low initial investment and predictable costs over time. Another advantage of cloud-based segment is that additional investments on hardware such as server infrastructure is not required.
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Key Market Takeaways:
- Conference call services market is projected to witness a CAGR of 4.6% over the forecast period (2018–2026), owing to increasing demand for time and cost saving modes of communication
- North America region is the largest contributor to the global conference call services industry, followed by Europe and Asia Pacific. The major reason for this is the presence of major multinational firms, continuous innovations in the audio technology, and the region being early adopter of advanced technologies such as conference call services. Most of the conference call service provider companies such as Cisco Systems, Polycom, and Arkadin SAS are U.S.-based
- Some of the major players operating in the global conference call services market include Microsoft Corporation, Zoom Video Communications, Cisco WebEX, Dialpad, Polycom Inc., Onstream Media Corp (Infinite Conferencing Inc.), GlobalMeet, Arkadin SAS, AT Conference, ConferenceCalls, RingCentral Business Phone Services, Zip Comferencing, Intercall Online, and Premier Global Services Inc. (Budget Conferencing Inc.)