Market Industry Reports (MIR) has published a new report titled “Video Conferencing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global video conferencing market accounted for over US$6.78 billion in 2020. It is anticipated to grow at a CAGR of approximately 13.5% from 2020 to 2030.
At the point when at least two clients at various areas can discuss outwardly with sound continuously, such correspondence is called as video conferencing. At the end of the day, video conferencing is an innovation that encourages the transmission and gathering of video pictures and sounds between numerous areas with the assistance of programming and equipment progressively. These days, video conferencing is used broadly for corporate applications, for example, group gatherings, online classes, one-on-one preparing and backing, prospective employee meet-ups, and others. Also, the selection of video conferencing has been expanding for individual use because of the accessibility of fast web requiring little to no effort just as PDAs that are furnished with reasonable equipment.
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Globalization of organizations, overseeing work power present at various areas, and geologically dissipated business activities are the central point that are driving business sector development. Moreover, straightforward arrangement necessities to empower video conferencing and easy to understand programming are among a few different variables that are enhancing market development. Besides, the need to telecommute because of the COVID-19 episode is further pushing the interest for video conferencing.
Major Key players:
Zoom Video Communications, Inc., Log MeIn, Inc., Cisco, ON24, Inc., Adobe, Click Meeting, and Microsoft, among others.
Video Conferencing Market Key Segmentation:
- Cloud-BasedBy Type :
- Telepresence Video
- Integrated Video
- Desktop Video
- Corporate Enterprises
- Education, Government
o North America
o Rest Of World
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Further, the report covers:
- Conventional Video Conferencing Market, based on actual product sales (US$ Million) and Product Sales Volume (Million Units)
- Market Potential Assessment
- Total Addressable Market (TAM) Assessment, Based on Investments
- Investment Mapping
- 12+ Key Players Assessment
- Forecast Till 2030
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