Global Virtual Meeting Software Market 2020 Industry Outlook, Comprehensive Insights, Growth and Forecast 2027

[RahulRoshan]

The global virtual meeting software market size is projected to reach USD 41.58 billion by the end of 2027. The rising product demand is consequential to the increasing adoption of remote work regulations implemented by companies across the world. The massive investments in the integration of cloud-based platforms will emerge in favor of market growth.

According to a report published by Fortune Business Insights, titled “Virtual Meeting Software Market Size, Share & COVID-19 Impact Analysis, By Type (VR Headset, Without VR Headset), By Function (Virtual Event, Video Conferencing, Mobile Event App, Event Management, Lead Retrieval, Attendee Management, Gamification, and Others), By Deployment (On-premises and Cloud), By Enterprises Size (Small & Medium Enterprises and Large Enterprises), By Industry (BFSI, IT & Telecommunication, Education and Research, Automotive, HealthCare, Media & Entertainment, Others), and Regional Forecast, 2020-2027” the market was worth USD 12.11 billion and will exhibit a CAGR of 17% during the forecast period, 2020-2027.

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Virtual meeting software market are used to conduct meetings/group discussions, or any other conversations over the internet. The surge in demand for virtual meeting software market in the past few years is consequential to the gradual shift towards remote work operations. The increasing investments in the integration of cloud-based platforms and the availability of cloud platforms at low costs will emerge in favor of market growth.