Published by mark itwired
Posted on September 17, 2021
As per a study by FMI, the global conference room solutions market is expected to exhibit impressive growth at a CAGR of 14.7% over the forecast period 2021 to 2031. Owing to rising number of enterprises and high demand for advanced solutions to enhance communication networks, the market share for conference room solutions is projected to reach a valuation of US$ 1.18 billion by the end of 2021.
The primary factors fuelling the demand for conference room solutions are increasing adoption of cloud-based communication solutions, rising number of enterprises & corporate houses, and the need for high-performance conferencing solutions. To address the surging demand for these solutions, various market players are engaging into strategic collaboration and partnership with other companies to improve their services.
For instance, in September 2019, Cisco System Inc., a U.S.-based company announced the acquisition of an enterprise voice assistant company named, Voicea, which provides real-time solutions such as voice search, meeting highlights, meeting transcription, action items, along with data privacy.
With this acquisition, Cisco Systems, Inc. planned to improve its Cisco WebEx portfolio of products by infusing Automated Speech Recognition and AI. Such innovations are expected to boost the technology used in conference rooms, driving the growth of the market.
North America is dominating the global conference room solutions. Owing to the presence of leading service providers in the region, the North America market is estimated to account over 32.4% of the global sales through 2021.
“With the emergence of cloud technology, a number of organizations across the globe are adopting various cloud-based services, including software as a service (SaaS) and cloud storage. Key players are emphasizing on developing new solutions such as cloud communication conferencing to cater to increasing demand for these novel conference room solutions,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-5672
Key Takeaways from Conference Room Solutions Market Survey
Key Drivers
Key Restraints
Discover more about the conference room solutions market analysis with figures and data tables, along with the table of contents. Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-5672
Competitive Landscape
Leading players in the conference room solutions market are focusing on developing new products to increase their business revenue. Besides this, some of the market players are engaging in strategic collaboration and partnerships. For instance,
Key players operating in the market profiled by FMI are:
More Valuable Insights on Conference Room Solutions Market
FMI, in its new report, offers an unbiased analysis of the global conference room solutions market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on conference room solutions market with detailed segmentation:
Component
Enterprises Size
Vertical
Region
Request Special Price for this Report to our Sales Executive@ https://www.futuremarketinsights.com/request-special-price/rep-gb-5672
Key Questions Covered in the Report
Explore FMI’s Extensive Coverage on Technology Domain
Industrial 3D printing Market: The global industrial 3D printing market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
Variable Data Printing Market: Future Market Insights gives a detailed segmentation on the global variable data printing market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
Micro Printing Market: The micro printing’s market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/conference-room-solutions-market
Press Release Source: https://www.futuremarketinsights.com/press-release/conference-room-solutions-market
SOURCE Future Market Insights
The post 335 Pages Conference Room Solutions Market Survey by Future Market Insights Forecasts Growth at 14.7% CAGR Spurred by Rising Number of Corporate Houses first appeared on Market Research Blog.
As per a study by FMI, the global conference room solutions market is expected to exhibit impressive growth at a CAGR of 14.7% over the forecast period 2021 to 2031. Owing to rising number of enterprises and high demand for advanced solutions to enhance communication networks, the market share for conference room solutions is projected to reach a valuation of US$ 1.18 billion by the end of 2021.
The primary factors fuelling the demand for conference room solutions are increasing adoption of cloud-based communication solutions, rising number of enterprises & corporate houses, and the need for high-performance conferencing solutions. To address the surging demand for these solutions, various market players are engaging into strategic collaboration and partnership with other companies to improve their services.
For instance, in September 2019, Cisco System Inc., a U.S.-based company announced the acquisition of an enterprise voice assistant company named, Voicea, which provides real-time solutions such as voice search, meeting highlights, meeting transcription, action items, along with data privacy.
With this acquisition, Cisco Systems, Inc. planned to improve its Cisco WebEx portfolio of products by infusing Automated Speech Recognition and AI. Such innovations are expected to boost the technology used in conference rooms, driving the growth of the market.
North America is dominating the global conference room solutions. Owing to the presence of leading service providers in the region, the North America market is estimated to account over 32.4% of the global sales through 2021.
“With the emergence of cloud technology, a number of organizations across the globe are adopting various cloud-based services, including software as a service (SaaS) and cloud storage. Key players are emphasizing on developing new solutions such as cloud communication conferencing to cater to increasing demand for these novel conference room solutions,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-5672
Key Takeaways from Conference Room Solutions Market Survey
Key Drivers
Key Restraints
Discover more about the conference room solutions market analysis with figures and data tables, along with the table of contents. Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-5672
Competitive Landscape
Leading players in the conference room solutions market are focusing on developing new products to increase their business revenue. Besides this, some of the market players are engaging in strategic collaboration and partnerships. For instance,
Key players operating in the market profiled by FMI are:
More Valuable Insights on Conference Room Solutions Market
FMI, in its new report, offers an unbiased analysis of the global conference room solutions market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on conference room solutions market with detailed segmentation:
Component
Enterprises Size
Vertical
Region
Request Special Price for this Report to our Sales Executive@ https://www.futuremarketinsights.com/request-special-price/rep-gb-5672
Key Questions Covered in the Report
Explore FMI’s Extensive Coverage on Technology Domain
Industrial 3D printing Market: The global industrial 3D printing market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
Variable Data Printing Market: Future Market Insights gives a detailed segmentation on the global variable data printing market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
Micro Printing Market: The micro printing’s market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/conference-room-solutions-market
Press Release Source: https://www.futuremarketinsights.com/press-release/conference-room-solutions-market
SOURCE Future Market Insights
The post 335 Pages Conference Room Solutions Market Survey by Future Market Insights Forecasts Growth at 14.7% CAGR Spurred by Rising Number of Corporate Houses first appeared on Market Research Blog.
Explore more articles in the Research Reports category
