Cloud Meetings & Team Collab Services: Worldwide Market Projections & Growth Opportunities to 2025

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Mar 05, 2020, 08:00 ET

DUBLIN, March 5, 2020 /PRNewswire/ -- The "Growth Opportunities in the Global Cloud Meetings and Team Collaboration Services Market, Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global meetings and team collaboration services market offers significant growth opportunities for enterprise communications and collaboration providers.

In 2018, stand-alone audio meeting revenues continued to be negatively impacted by the growing popularity of cloud web/video meetings and team collaboration services. Revenue from stand-alone audio meetings decreased by 18.2 percent to $2.39 billion in 2018. Market revenue is expected to considerably decline at a compound annual growth rate (CAGR) of 30.6 percent from 2018 to 2025. Stand-alone audio meetings will continue to be impacted by price compression and user migration to integrated multimedia meeting services and all-in-one unified communications as-a-service (UCaaS) solutions.

Cloud web/video meeting revenue grew 12 percent in 2018 to $3.38 billion. The market is expected to continue on a growth track with a revenue CAGR of 9.9 percent from 2018 to 2025. Continued growth in cloud web/video meetings can be largely attributed to increasing user comfort with video collaboration due to improved usability, reliability and quality as well as lower prices. Demand for robust and engaging digital environments that enable users to meet and collaborate from anywhere on increasingly complex business objectives will continue to grow over time. IT departments around the world are increasingly choosing the flexibility of cloud communications and collaboration deployment models over complex premises-based infrastructure.

Team collaboration services market revenues grew at a notable 104.8 percent to reach $882.4 million in 2018 and are expected to grow at a considerable CAGR of 33.4 percent to reach $6.62 billion by 2025. Key drivers that will contribute to the growth of team collaboration services include the rise of persistent chat rooms as a new collaboration modality for ad-hoc team interactions; the need for teams to access, organize and synthesize information in organized collaboration hubs where all work can happen; the desire to replace email's inefficiencies for team coordination; the searchable and permanent nature of team collaboration conversations; and the continuous innovation enriching team collaboration service offerings.

In 2018, stand-alone audio meetings accounted for 35.9 percent of the total global meetings and team collaboration services market; cloud web/video meetings accounted for 50.8 percent, and team collaboration services accounted for 13.3 percent, in terms of revenue. These proportions are expected to significantly change by 2025 when cloud web/video meetings will represent 49.1 percent, team collaboration services 49.5 percent and cloud audio meetings 1.4 percent.

Key Topics Covered

1. Executive Dashboard

Purpose of this Experiential Study
5 Step Process to Transformational Growth
Strategic Imperatives for Cloud Meetings and Team Collaboration Service Providers

2. Growth Environment - Market Overview

Scope and Market Definitions
Market Definitions
State of the Market
Market Drivers
Market Restraints

3. Market Forecasts

Revenue Forecast - Total Cloud Meetings and Team Collaboration Services Market
Percent Revenue by Region - Total Cloud Meetings and Team Collaboration Services Market
Percent Revenue by Provider - Stand-alone Audio Meetings Market
Percent Revenue by Provider - Cloud Web/Video Meetings Market
Percent Revenue by Provider - Team Collaboration Services Market
Percent Revenue by Provider - Cloud Web/Video Meetings and Team Collaboration Services Market
Unit Forecast - Stand-alone Audio Meetings Market
Unit Forecast - Cloud Web/Video Meetings Market
Unit Forecast - Team Collaboration Services Market

4. Visioning Scenarios

Macro to Micro Visioning
Top Predictions for the Cloud Meetings and Team Collaboration Services Market

5. Growth Pipeline

Levers for Growth

6. Vision and Strategy - Growth Opportunities

Growth Opportunity 1 - Ease of Use Throughout the Meeting Lifecycle
Growth Opportunity 2 - Enterprise-Grade Security and Compliance
Growth Opportunity 3 - Application and Service Integration
Growth Opportunity 4 - Mobile Offering
Growth Opportunity 5 - Customer Care
Growth Opportunity 6 - Meeting Spaces/Huddle Rooms
Growth Opportunity 7 - Artificial Intelligence
Growth Opportunity 8 - Gamification Elements
Growth Opportunity 9 - Asynchronous and Synchronous Convergence
Growth Opportunity 10 - Firstline Workers and Industries
Growth Opportunity 11 - Enterprise Social
Growth Opportunity 12 - External Team Collaboration

7. Brand and Demand - Growth Opportunities

Growth Opportunity 13 - Channel Strategy
Growth Opportunity 14 - Innovation and Transformation
Growth Opportunity 15 - Social Media Marketing

8. Growth Opportunities Matrix

Identifying Your Company's Growth Zone
Total Growth Opportunity Matrix 1-9
Total Growth Opportunity Matrix 10-15
Total Growth Opportunities Matrix Chart

9. Growth Strategy and Implementation

Growth Strategies for Your Company
Prioritized Opportunities through Implementation

For more information about this report visit https://www.researchandmarkets.com/r/bd2t31

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