Video Conferencing Market By Component(Hardware,Software,Services), By End-Use (Corporate, Education, Healthcare, Government ), By Enterprise (Large Enterprises, Small & Medium Enterprises), By Deployment, Geography & Forecast
Video Conferencing Market Analysis
The Global Video Conferencing Market was valued at USD 4.02 Billion in 2019 and is projected to reach USD 8.35 Billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.
The robust urbanization which is responsible for the use of video conferencing is driving factor growth. The increased command of high-speed data connectivity among consumers is expected to drive the market economy. AndThe role of major vendors to develop solutions for video conferencing will furnish Video Conferencing Market growth.
Global Video Conferencing Market Overview
The robust urbanization which is responsible for the use of video conferencing is driving factor growth. The increased command of high-speed data connectivity among consumers is expected to drive the market economy. The connectivity that can be considered for professional video conferencing depends on the bandwidth. The higher the bandwidth, the better is the video quality. Most of the standard Video conferencing systems provide up to 2 Mbps of such IP bandwidth, but the maximum bandwidth can be utilized by VC application. The role of major vendors to develop solutions for video conferencing will furnish market growth. On 9TH April, IBM and Cisco had collaborated to aid in remote teaching in over 24,000 schools and staff in over 185,000 charity associations across the UK by granting free access to video conferencing through the use of the CiscoWebex web conferencing tool. The technology provides simple and intuitive features for online collaboration in response to the COVID-19 outbreak.
Global Video Conferencing Market: Segmentation Analysis
The Global Video Conferencing Market is segmented based on Component, Deployment, Enterprise, End-Use, and Geography.
Key Players In Video Conferencing Market
The Global Video Conferencing Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Adobe Inc.
- Cisco Systems, Inc.
- Logitech International S.A.
- Microsoft Corporation
- Array Telepresence Inc.
- Avaya Inc
- Huawei Technologies Co., Ltd
- Huawei Technologies Co., Ltd.
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