North America Virtual Meeting Software Market Forecast 2022-2030

North America Virtual Meeting Software Market Forecast 2022-2030KEY FINDINGS

The North America virtual meeting software market is projected to grow with a CAGR of 12.27% during the forecasted period of 2022 to 2030. The market growth of the region is reinforced by the switch to permanent work from home models and the closure of workplaces due to the COVID-19 pandemic.

MARKET INSIGHTS

The North America virtual meeting software market growth assessment constitutes the analysis of Canada and the United States. Canada is a developing market for small businesses. For instance, as of 2019, the country had nearly 1.23 million employer businesses, out of which 1.20 million, or 97.9%, were small businesses. In contrast, 0.2% were large businesses, while 1.9% of businesses were medium-sized. More than 50% of small employer businesses in the country are concentrated in Quebec and Ontario.

However, these brands have been adversely affected by the COVID-19 pandemic. As a result, strict lockdown rules, the closure of marketplaces, as well as numerous other hindrances led to the widespread usage of virtual meeting software for improved customer relations, in addition to working remotely for longer periods. Furthermore, the vast landscape prevalent in Canada also plays an essential role since issues linked with communicating needs among vendors and customers are minimized with the use of virtual meeting software. Therefore, these factors are set to propel the market growth in North America during the forecast period.

COMPETITIVE INSIGHTS

Key companies operating in the market are Zoom Video Communication Inc, Adobe Systems, Microsoft Corporation, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments