North America Virtual Meeting Software Market 2022-2028
MARKET OUTLOOK
According to Triton’s research, the North American virtual meeting software market is anticipated to grow with a CAGR of 12.05% in the estimated years from 2022 to 2028. The United States and Canada constitute the market in this region.
In the United States, statistics indicate that 76% of individuals use video calls while working remotely. Further, 43% of employees stated that video communication helps them and their team be more productive. It also bridges the distance between teammates working from different locations worldwide. Up to 75% of remote workers have shown increased productivity levels and an improved work-life balance, which is otherwise difficult to achieve in a typical corporate office setup. Moreover, statistics also show that 41% of enterprises surveyed believe that businesses that use video conferencing tools have more engaged employees.
In addition to private sector employees, even public sector employees have adopted virtual meeting software for many purposes. Examples include watching a virtual mayoral debate, attending a city council meeting, or participating in jury hearings, deposition, duty, or mediation. The reduced need for paperwork, usage of biometric & virtual attendance recording systems, online hearing of cases, and various other public sector workings due to the shifting of work online has resulted in the enhanced use of VMS in the US. All these factors show an overall positive outlook for the studied market in the United States.
COMPETITIVE OUTLOOK
Aventri Inc, Zoom Video Communications Inc, Amazon Inc, Avaya Inc, Cisco Systems Inc, Microsoft Corporation, Adobe Inc, and Alphabet Inc are some of the noteworthy companies in the virtual meeting software market.
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