Artificial Intelligence
Virtual Meeting Software Market to Reach $41.58 Billion by 2027; Availability of Low-cost Cloud Platforms will Emerge in Favor of Market Growth, says Fortune Business Insights™
Pune, India, Aug. 12, 2021 (GLOBE NEWSWIRE) — 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 (3D Virtual Event) 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 Virtual Meeting Software Market was worth USD 12.11 billion and will exhibit a CAGR of 17% during the forecast period, 2020-2027.
North America to Emerge Dominant; Increasing Adoption of AI and Cloud-integrated Platforms will Emerge in Favor of Market Growth
The Virtual Meeting Software (3D Virtual Event) Market report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of numerous large scale companies in the US and Canada will contribute to the growth of the regional Virtual Meeting Software Market. The increasing adoption of concept such as cloud and artificial intelligence by major companies across this region will emerge in favor of growth of the regional market. As of 2019, the market in North America was worth USD 4.30 billion and this value is projected to rise at a considerable pace in the coming years.
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Surge in Product Demand during Covid-19 Pandemic is Consequential to Growing Adoption of Work from Home Policies
The recent coronavirus outbreak has had a massive impact on several economies across the globe. Due to the rapid spread of the disease, several countries are looking to implement strict measures with a view to controlling the spread of the disease. The measures taken to curb the spread of the diseases have affected businesses across all sectors. However, a few businesses have benefited significantly from the pandemic and virtual meeting software is among the leading sectors that have benefited from this. The surge in adoption of work from home policies by leading organizations across the world will have a massive impact on the growth of the overall Virtual Meeting Software Market, not just during the pandemic, but also in the post-pandemic period.
Virtual Meeting Software (3D Virtual Event) Market are used to conduct meetings/group discussions, or any other conversations over the internet. The surge in demand for virtual meeting software 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. The presence of several large scale vendors across the world will lead to a wider product adoption, subsequently contributing to the growth of the Virtual Meeting Software (3D Virtual Event) Market. The growing technological intervention in these products and the adoption of concepts such as IoT and AI have allowed applications across diverse industry verticals.
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Increasing Number of Product Innovations will Emerge in Favor of Market Growth
The Virtual Meeting Software (3D Virtual Event) Market report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is a healthy market competition across the world. The increasing competition has encouraged companies to adopt newer strategies that will help them establish a wider consumer base. In July 2020, NexTech AR Solutions Corp. announced the launch of an interactive virtual meeting solution. The company introduced ‘ScreenAR,’ an interactive and immersive conferencing software. The company stated that this product is integrated with augmented reality; a concept that will cater to real time applications. Increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.
Some of the Key Questions Answered in this Report:
- Detailed Overview of Virtual Meeting Software (3D Virtual Event) Market will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and latest trends running in the market.
- Virtual Meeting Software (3D Virtual Event) Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What trends, challenges and barriers will impact the development and sizing of the Global Virtual Meeting Software (3D Virtual Event) Market?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the Market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the Virtual Meeting Software (3D Virtual Event) Market demand?
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Virtual Meeting Software (3D Virtual Event) Market Share Report Scope and segmentation:
| Report Coverage | Details |
| Forecast Period | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR | 17.0% |
| 2027 Value Projection | USD 41.58 Billion |
| Base Year | 2019 |
| Market Size in 2019 | USD 12.11 Billion |
| Historical Data for | 2016 to 2018 |
| No. of Pages | 160 |
| Segments covered | Type; Function; Deployment and Industry |
| Growth Drivers | Surge in Product Demand during Covid-19 Pandemic is Consequential to Growing Adoption of Work from Home Policies |
| Increasing Number of Product Innovations will Emerge in Favor of Market Growth | |
|
Pitfalls & Challenges |
High Costs Involved at Initial Stage to Hinder Market Growth |
List of the Key Companies Profiled Virtual Meeting Software (3D Virtual Event) Market:
• Cisco Systems, Inc. (California, United States)
• Microsoft Corporation (Washington, United States)
• Adobe Inc. (California, United States)
• Aventri, Inc. (Connecticut, United States)
• Walcon Virtual Events (Alicante, Spain)
• LearnBrite – Learning Experience Platform (Arizona, United States)
• MootUp (Arizona, United States)
• LogMeIn, Inc. (Massachusetts, United States)
• Sine Wave Entertainment Ltd. (London, United Kingdom)
• HexaFair (Tamil Nadu, India)
• VirBELA (California, United States)
• Virtway Events (Oviedo, Spain)
• Personify, Inc. (Texas, United States)
• Intrado Corporation (InXpo, Inc.) (Nebraska, United States)
• Hubilo Softech Private Limited (Ahmedabad, India)
• Pathable, Inc. (Washington, United States)
• Whova Inc. (California, United States)
• 6Connex, Inc. (Texas, United States)
• vFairs (Texas, United States)
• Streampoint Solutions Inc. (Ontario, Canada)
• Livestrom SAS (Paris, France)
• EventsAIR (Queensland, Australia)
• NexTech AR Solutions Corp. (Vancouver, Canada)
• VentureBeat (VB) (California, United States)
• AIRMEET Inc. (Delaware, United States)
• EventMobi (Ontario, Canada)
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Industry Developments:
• July 2020: – NexTech AR Solutions Corp. (NexTech) announced the launch of a new interactive and immersive conferencing and virtual events software – “ScreenAR”. This is an augmented reality (AR)-based software designed to keep end-user engaged in virtual events, trade shows, or classrooms, etc. and accelerate the business opportunities.
Table Of Content Virtual Meeting Software (3D Virtual Event) Market:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Virtual Meeting Software (3D Virtual Event) Key Players Market Share Insights and Analysis, 2019
- Companies Profiled (Covered for key 10 players only)
- Overview
- Key Management
- Headquarters etc
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Annexure/Appendix
- Global Virtual Meeting Software (3D Virtual Event) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016 – 2027
- By Type (Value)
- VR Headset
- Without VR Headset
- By Function (Value)
- Virtual Event
- Video Conferencing
- Personal Video Meetings
- Webinars
- Event Management
- Lead Retrieval
- Attendee Management
- Gamification
- Others (Career and Education Fair, etc.)
- By Deployment (Value)
- Cloud
- On-premises
- By Enterprise Size (Value)
- Small and Medium Enterprises
- Large Enterprises
- By Industry (Value)
- BFSI
- IT & Telecommunication
- Education and Research
- Automotive
- Health Care
- Media & Entertainment
- Others (Utilities and Manufacturing, etc.)
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Latin America
- By Type (Value)
- Global Virtual Meeting Software (3D Virtual Event) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016 – 2027
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/enghouse-video-partners-with-sonifi-health-to-deliver-advanced-telehealth-solutions-in-hospital-rooms-302126882.html
Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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View original content:https://www.prnewswire.co.uk/news-releases/screenpoint-medical-leadership-transition-pieter-kroese-confirmed-as-ceo-302127719.html
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