Video Conferencing Market Size and By Region – Global Opportunities & Forecast, 2020-2027

 

Global Video Conferencing Market

The GMI Research report projects that the Video Conferencing Market will expand at a faster rate over the forecast period. Video conferencing enables various users in different locations to unite face to face by transferring text and presentations in real time via internet.

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Video Conferencing Market Dynamics

Sudden surge in the online workshops, conferences, seminars, for daily meetings, job interviews, and business deals by organisations is a crucial reason responsible for the compounding global video conferencing market growth. The surging demand of video conferencing from the medical sector for online consultation and education industry for training programme of teachers, academic conference, induction and webinars for e-learning will further stimulate the Video Conferencing Market Size.

Besides this, the ongoing technological innovations such as internet of things (IoT), artificial intelligence (AI), augmented realty, and cloud based Virtual reality, helps to improve the video quality and stimulate conferencing experience for users. This will offer huge growth opportunities for the market. Further, the increasing drift towards work from home by business organisations mainly because of the sudden spread of coronavirus is projected to boom over the market growth.

However, excessive initial investment required for the procurement, utilisation, and administration will obstruct the market growth. Moreover, the aggravating agitation towards the data security and prevention of information is another factor hampering the Video Conferencing Market Share.

Component Segment Drivers

On the basis of component, the solution segment is projected to lead the market with highest share because of the augmenting demand of video merging solutions including Microsoft Teams, Skype, Cisco WebEx, and Google Hangouts. Additionally, as per the Global Video Conferencing Market Research, a video conferencing solution provides higher productiveness, reduces the travel expenses, and promotes partnership, which will impel the market growth.

About GMI Research

GMI Research is a leading consulting and market research enterprises, establish with the motive of helping clients tackle their imperative business challenges. The huge team of researchers and analysts conduct competitive intelligence studies to assist them acknowledging the upcoming opportunities via their fact-based research.

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