{"id":5830,"date":"2020-07-23T07:48:59","date_gmt":"2020-07-23T07:48:59","guid":{"rendered":"https:\/\/web3unplugged.io\/blog\/?p=5830"},"modified":"2020-07-23T07:51:07","modified_gmt":"2020-07-23T07:51:07","slug":"widespread-shift-to-remote-work-presents-massive-opportunities-for-virtual-meeting-solution-providers","status":"publish","type":"post","link":"https:\/\/web3unplugged.io\/blog\/widespread-shift-to-remote-work-presents-massive-opportunities-for-virtual-meeting-solution-providers\/","title":{"rendered":"Widespread Shift To Remote Work Presents Massive Opportunities For Virtual Meeting Solution Providers"},"content":{"rendered":"\n

Frost & Sullivan\u2019s recent analysis,\u00a0Post-pandemic Growth Opportunity Analysis of the Meetings Market<\/strong>, forecasts that the number of remote workers post-COVID-19 will be\u00a0500%<\/strong>\u00a0greater compared to the pre-pandemic number, creating a massive demand for video meetings. The number of video meeting licenses is projected to increase at a\u00a0CAGR of 24.6% between 2019 and 2025<\/strong>, compared to a pre-pandemic forecast of 17.2%.<\/p>\n\n\n\n

For further information on this analysis or to schedule an interview with the expert, please contact Nimisha Iyer at\u00a0nimisha.iyer@frost.com<\/a>\u00a0<\/strong><\/p>\n\n\n\n

\u201cThe COVID-19 crisis has made remote work and hybrid work the new norm. During the pandemic and its immediate aftermath, in-office presence will be needs-based, and offices will transform from being \u2018productivity center\u2019 to being sites for employee engagement, collaboration, and building relationships,\u201d said\u00a0Roopam Jain,<\/strong>\u00a0Senior Industry Director, ICT. \u201cThe shift to remote work represents a transformative moment for the meetings market and unveils tremendous growth opportunities for vendors that can differentiate on better quality and more scalable, manageable, and secure\u00a0cloud services and devices<\/strong>\u00a0that ensure an optimal meeting experience, regardless of where users work.\u201d<\/p>\n\n\n\n

Jain added: \u201cVideo meetings will be a de facto expectation for business communications in the future, leading to a rapid rise in usage. Growth in the future will primarily come from all-in-one, easy-to-use devices and service bundles for personal collaboration. However, revenue growth will be dependent on a confluence of factors, such as the conversion of free accounts to paid ones. Rampant free offerings during the pandemic will generate an immense base of free users, providing vendors the opportunity to convert them to paid accounts in the future. The ability to gracefully wean users off of free services into a paid engagement will ultimately determine if providers will see a sustained revenue impact from the upsurge in user demand.\u201d<\/p>\n\n\n\n

For further revenue opportunities, market participants should:<\/p>\n\n\n\n