Online Corporate Meeting Services Market Report 2025

The online corporate meeting services market size has grown strongly in recent years. It will grow from $6.04 billion in 2024 to $6.62 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to business continuity solutions, globalization and remote work trends, cost efficiency and time savings, enhanced communication tools, scalability and accessibility.

The online corporate meeting services market size is expected to see rapid growth in the next few years. It will grow to $10.47 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to continued remote work culture, hybrid work environments, virtual events and webinars, business continuity and disaster recovery, enhanced user experience. Major trends in the forecast period include global collaboration requirements, virtual event hosting, user experience and accessibility, technological advancements, hybrid work environments.

The rising adoption of virtual meeting apps is playing a significant role in the growth of the online corporate meeting services market. Virtual meeting apps are software and applications that facilitate video and audio connections among individuals via the internet. These tools typically feature video conferencing, chat, polling, and screen sharing capabilities. The recent surge in demand for virtual meeting software is largely due to the gradual shift toward remote work operations, which increases the reliance on online corporate meeting services. For example, in November 2023, Notta, a Japan-based company specializing in AI-powered speech recognition and transcription services, reported that over the next five years, 34% of companies will extensively implement virtual reality technology for long-distance meetings, allowing participants to feel as though they are present together. Additionally, Zoom saw nearly 300 million daily meeting participants in 2023, marking a staggering increase of 2900% from the previous year. Consequently, the adoption of virtual meeting apps is driving growth in the online corporate meeting services market.

The burgeoning demand for remote work is anticipated to steer the ongoing growth of the online corporate meeting services market. Remote work, wherein employees operate outside traditional office settings, heavily relies on online corporate meeting services to facilitate effective communication and collaboration among team members. Enabling face-to-face meetings, screen sharing, and real-time document collaboration, these services contribute to heightened productivity, reduced travel expenses, and heightened employee contentment. According to reports by Forbes Media LLC in June 2023, the workforce landscape anticipates 12.7% of full-time employees working from home, with 28.2% adopting a hybrid approach, and an estimated 32.6 million Americans projected to work remotely by 2025. This upsurge in remote work fuels the expansion of the online corporate meeting services market.

Key industry players in the online corporate meeting services sphere are dedicatedly introducing innovative virtual conference platforms like Zoom Events to meet the soaring demand for immersive virtual experiences. Zoom Events, launched by Zoom Video Communications Inc. in October 2022, offers a comprehensive solution for hosting virtual and hybrid events of various scales. Consolidating features from Zoom webinars, meetings, and Team Chat into a single platform, Zoom Events offers a seamless experience for both event organizers and attendees. The platform's versatile features, customization capabilities, and supplementary functions cater to the diverse needs of businesses and organizations across different sizes.

Prominent entities in the online corporate meeting services realm are strategically forging partnerships to deliver enhanced and comprehensive solutions to address the dynamic market demands. These strategic collaborations involve leveraging each other's strengths and resources for mutual benefit and success. For instance, in January 2023, Windstream Enterprise, a US-based provider of advanced network communications and technology solutions, partnered with Amazon Web Services, Inc., a cloud computing company. Through this alliance, the objective is to offer businesses a more dependable, secure, and cost-effective virtual meeting solution. By leveraging AWS's infrastructure, expertise, and services, Windstream aims to elevate the capabilities of its OfficeSuite Live platform, addressing the evolving needs of its clientele in the digital workspace.

In August 2023, RingCentral Inc., a US-based software company, finalized the acquisition of Hopin for an undisclosed sum. This strategic move positions Koura to broaden its video portfolio, augment its event capabilities, fill market voids, tap into Hopin's talent pool, and gain a competitive advantage. Hopin, based in the UK, is an event platform uniting communities through virtual, hybrid, and in-person events.

Major companies operating in the online corporate meeting services market are Infinite Conferencing lnc., HP Virtual Rooms, AT&T Connect Support, Communique Conferencing, Glance Networks, Citrix Systems Inc., LifeSize Communications, InstantPresenter, Intercall Nursecall Systems, Avaya Inc., Fuze, New Row, BT Conferencing, Bridgit, Adobe Inc., ClickMeeting, Zoho Corporation, Glowpoint, EyeNetwork, Blue Jeans Network, Conference Calling, Onstream Meetings, UberConference, Orange Business Services, Microsoft Teams, Skype for Business, TeamViewer, GlobalMeet, Cisco Webex Meetings, RingCentral Meetings.

North America was the largest region in the online corporate meeting services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online corporate meeting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the online corporate meeting services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Online corporate meeting services encompass virtual meeting platforms equipped with video software and programs that facilitate connections among corporate individuals through the internet. This software provides a comprehensive meeting platform, allowing scheduling, hosting, and storage of online meetings. Its primary purpose is to enhance connectivity among participants, enabling them to attend meetings conveniently from their workstations.

The primary service types within online corporate meeting services are online corporate VCS and online corporate WCS. Online corporate VCS refers to digital technology that enables individuals to conduct face-to-face meetings without the need for physical travel to each other's locations. This technology effectively reduces the time, costs, and inconveniences associated with business travel. It particularly benefits professionals engaged in business interactions across different cities or countries. The product types under this category encompass voice and video modes, catering to small, medium, and large-sized meetings.

The online corporate meeting services market research report is one of a series of new reports that provides online corporate meeting services market statistics, including online corporate meeting services industry global market size, regional shares, competitors with a online corporate meeting services market share, detailed online corporate meeting services market segments, market trends and opportunities, and any further data you may need to thrive in the online corporate meeting services industry. This online corporate meeting services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The online corporate meeting services market includes revenues earned by entities by host meetings, record meeting, providing analytics, dialogue transcriptions, hosting seminars, service-based video conferencing, delivering integrated video conferencing system. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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