Europe Virtual Meeting Software Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report on the European virtual meeting software market estimates that it would grow in terms of revenue at a CAGR of 11.79% during the forecasting period 2022-2028. Belgium, Italy, Germany, France, the United Kingdom, Poland, and Rest of Europe together form the market in this region.
In the United Kingdom, the use of VM software in the government sector has been on the rise with the imposition of lockdowns and the closure of offices. Several Members of Parliament and government officials, as well as employees, have favored the adoption of VM software for carrying out work activities. Additionally, virtual meeting software is also being used for research and development purposes on a wide scale for collaboration and communication to efficiently continue research work.
The after-effects of the pandemic had a profound effect on business operations in France. But, French companies were quick to adapt to social distancing measures & travel restrictions, by conducting virtual meetings to carry out day-to-day operations. On 23rd March 2020, the Parliament passed the Emergency Law 2020-290 to enable the national government to adopt measures by means of an ordinance to help businesses sail through such unprecedented times. Thereafter, an ordinance was passed to relax the rules around virtual meetings. This factor has immensely helped in the growth of the French VMS market. Also, after this new rule came into effect, a number of startups emerged in the country, which have been competing with leading tools and platforms like Zoom.
COMPETITIVE OUTLOOK
The primary contenders in the virtual meeting software market include Airmeet Inc, Lifesize Inc, Zoom Video Communications Inc, Adobe Inc, Livestrom Inc, Amazon Inc, Microsoft Corporation, and Aventri Inc.
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