Video
Conferencing Market
Outlook, Growth Factors, Industry Share, and Size By 2030
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Video Conferencing Market
Outlook, Growth Factors, Industry Share, Size By 2030
North America: 25,169 million USD (2030 value); CAGR: 10.25%
Video conferencing is a live video-based platform that allows two or more people in different places to hold meetings using video-enabled devices. It allows multiple people to connect and collaborate face to face across a great distance by streaming video, audio, text, and presentations in real time via the internet. In the United States and Canada, the internet infrastructure is well-established, with a large number of communications businesses and service providers.
Organizations in technologically sophisticated nations demand a faster internet network, and telecommunication corporations are working hard to build and market the 5G network. With quicker speeds, greater picture and video quality, the development of 5G networks will transform the video conferencing sector.
As the work-from-home trend took hold, the video conferencing business exploded in the previous two years. It enables the user to communicate via video/audio call. Visual conferencing technology facilitates the transmission of video and audio information, allowing users to connect in real time.
During the projected period (2021–2030), the worldwide video conferencing market share is estimated to expand at a CAGR of 15.45%.
The global Video Conferencing Market is expected to grow at a CAGR of 10.25 % during the forecast period, i.e., 2020- 2030.
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video-conferencing-market
Video Conferencing Market
2021 2030
$
USD Billion
$
USD Billion
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CAGR 10.25 %
Video Conferencing Market
Main Market Players Covered in This Report:
Google LLC
Microsoft Corporation
Cisco Systems
Adobe Inc.
Zoom Video Communications
A Summary of the Impact of COVID-19 on this Market:
The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on businesses across industries. However, this too shall pass. Growing support from governments and
various companies can benefit in the fight against this highly transmissible disease. There are some businesses that are struggling and some are thriving.
General, almost every sector is anticipated to be stuck by the pandemic
Video Conferencing Market
The Video Conferencing Market has been segmented as below:
By Component
• Hardware
• Solution
• Services
By Deployment Type
• On-Premises
• Cloud
We are taking nonstop efforts to help your business sustain and cultivate during COVID-19 pandemics. Based on our knowledge and expertise, we will provide you an impact analysis of coronavirus outbreaks across businesses to help you prepare for the future.
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