Global Cloud Meetings and Team Collaboration Services Market 2020-2026: COVID-19 and New Remote-work Realities Have Set Record Levels of Demand – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Jan 28, 2021–
The "Growth Opportunities in the Global Cloud Meetings and Team Collaboration Services Market, Forecast to 2026" report has been added to ResearchAndMarkets.com’s offering.
In 2019 the global cloud meetings and team collaboration services market earned revenues of $5.53 Billion, which is a 38.1 percent growth when compared to 2018.
The installed base of paid cloud meetings and team collaboration paid licenses grew by 57.3 percent in 2019 to 73.9 million. Growth in 2019 was mainly attributed to increasing user comfort with video collaboration, the global growth of distributed teams, and the rise of persistent chat rooms as a modern collaboration modality for ad-hoc team interactions.
In 2020, the COVID-19 pandemic and new WFH realities have set unprecedented levels of demand for cloud meetings and team collaboration services. Major cloud meeting providers have reported 3x-4x growth in usage in the months since the pandemic’s onset. The same applies to team collaboration providers, adding millions of daily active users during the pandemic.
Virtual events have also exploded during the pandemic as organizations need ways to maintain communication and business continuity – interactivity, scale, and reach have become critical capabilities. In terms of innovation, years of digital transformation have been squeezed into just a few months to cater to the demand of hundreds of millions of individuals working from home. With the number of post-pandemic WFH individuals estimated to settle at 4.5 times the pre-pandemic levels, remote work will no longer be considered a privilege.
Technology is ripe for disruptive innovation with the objective of elevating the user experience and addressing user behavior challenges. Technology innovation is expected to help many of the 2.7 billion frontline workers around the globe with mobile-first solutions and capabilities that are tailored to address specific workflows. Cloud meetings and team collaboration providers have a vested interest in arming frontline workers and various vertical industries with specific tools to simplify and optimize their workflows.
Technology innovation will help businesses and programmers to embed real-time communications within user applications, without installing any additional products or managing separate log-ons. SDKs and APIs are expected to democratize audio and video.
In 2020, the global cloud meetings and team collaboration service market is expected to at least double its size in revenue, reaching $11.43 Billion, and increase 2.7x in installed paid license to 201.5 million.
Key Topics Covered:
1. Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative
  • Strategic Imperatives for Cloud Meetings and Team Collaboration Service Providers
  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

  • Cloud Meetings and Team Collaboration Services Scope
  • Cloud Meetings and Team Collaboration Services Definition
  • Key Competitors for the Cloud Meetings and Team Collaboration Services Market
  • Key Growth Metrics for the Cloud Meetings and Team Collaboration Services Market
  • Growth Drivers for Cloud Meetings and Team Collaboration Services Market
  • Growth Driver Analysis for Cloud Meetings and Team Collaboration Services Market
  • Growth Restraints for Cloud Meetings and Team Collaboration Services Market
  • Growth Restraint Analysis for Cloud Meetings and Team Collaboration Services Market
  • Forecast Assumptions, Cloud Meetings and Team Collaboration Services Market
  • Revenue and Installed Licenses Forecast, Cloud Meetings and Team Collaboration Services Market
  • Net New Licenses Forecast, Cloud Meetings and Team Collaboration Services Market
  • Installed Licenses Forecast by Type of Service, Cloud Meetings and Team Collaboration Services Market
  • Revenue Forecast by Region, Cloud Meetings and Team Collaboration Services Market
  • Revenue and Installed License Forecast Analysis, Cloud Meetings and Team Collaboration Services Market
  • Revenue Forecast Analysis by Region, Cloud Meetings and Team Collaboration Services Market
  • Pricing Trends and Forecast Analysis, Cloud Meetings and Team Collaboration Services Market
  • Competitive Environment, Cloud Meetings and Team Collaboration Services Market
  • Revenue Share, Cloud Meetings and Team Collaboration Services Market
  • Installed Licenses Share, Cloud Meetings and Team Collaboration Services Market
  • Expected Revenue Share, Cloud Meetings and Team Collaboration Services Market
  • Revenue Share and Installed Licenses Analysis, Cloud Meetings and Team Collaboration Services Market

3. Strategic Recommendations and Growth Opportunity Universe

  • Top 10 Recommendations Cloud Meetings and Team Collaboration Services Market
  • Growth Opportunity 1 – Increasing Demand for AI and IoT to Create Personalized and Safe Meeting Experiences
  • Growth Opportunity 2 – Frontline Workers and Vertical Industries
  • Growth Opportunity 3 – Virtual Events, a Market with a High Growth Potential
  • Growth Opportunity 4 – APIs and SDKs Extend the Cloud Meetings Opportunity Beyond Standard Services
  • Growth Opportunity 5 – Offering Cloud Meetings Support to a Wider Range of Hardware Devices

4. Appendix
5. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/fe66kl
View source version on businesswire.com:https://www.businesswire.com/news/home/20210128005540/en/
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SOURCE: Research and Markets
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PUB: 01/28/2021 06:03 AM/DISC: 01/28/2021 06:03 AM
http://www.businesswire.com/news/home/20210128005540/en