Europe Virtual Meeting Software Market Forecast 2022-2030KEY FINDINGS
The Europe virtual meeting software market is set to record a CAGR of 12.02% over the forecasted period of 2022 to 2030. The market growth of the region is facilitated by the secure networking possible through virtual meeting software and the well-established presence of corporate headquarters and educational institutions,
The Europe virtual meeting software market growth study constitutes a detailed analysis of France, the United Kingdom, Belgium, Germany, Italy, Poland, and Rest of Europe. The COVID-19 pandemic had a significant effect on business operations. With companies in France rapidly adapting to travel restrictions and social distancing measures, numerous organizations are currently moving away from face-to-face board meetings and inclining towards written procedures or virtual meetings. Aligning with this, the French Secretariat held the first Codex subsidiary body for meeting virtually, the Codex Committee on General Principles (CCGP).
Furthermore, the French Parliament passed the Emergency Law 2020-290, dated 23 March 2020, in order to enable the country’s government to implement measures that help businesses navigate such unprecedented times. As a result, in March 2020, Ordinance 2020-321 was adopted to relax the regulations and rules surrounding virtual shareholder and board meetings. The ordinance was applicable until 30 July 2020. With the new rule, numerous start-ups in France were prepared to compete with leading firms, such as Zoom. Therefore, these factors are anticipated to facilitate the virtual meeting software market growth in Europe over the forecasted period.
Key players in the market include Alphabet Inc, Microsoft Corporation, Cisco Systems Inc, etc.
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Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
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