Press release
Video Conferencing Market was valued at US$ 5,039.8 Mn in 2016
Browse The Report: https://www.transparencymarketresearch.com/video-conferencing-market.html
The report offers detailed segmentation based on component and end-use industry. In terms of component, the hardware segment held a prominent market share in 2016. The segment is expected to expand at a steady CAGR over the forecast period from 2018 to 2026. High-priced end-points, including high definition (HD) displays, cameras, and microphones and dedicated video conferencing networks have contributed to a significant proportion of the overall revenue of the video conferencing market. The software segment is likely to expand at a significant CAGR during the forecast period.
The compounded annual growth rate of the software segment is high owing to factors such as rising demand for cloud-based video conferencing solutions across the world. The shift toward cloud-based video conferencing solutions is currently low. However, it is expected to rise substantially in the coming years. Furthermore, the services segment is also expected to expand rapidly during the forecast period. This is due to an increasing trend among organizations to ensure the availability of video conferencing services without the need to employ and maintain a permanent in-house technical team for the purpose.
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The global video conferencing market comprises large as well as mid-sized valve manufacturers and suppliers. The vendors present in video conferencing market are currently focusing on introducing advanced software and integrating new capabilities within the software to enable video conferencing across company boundaries and meet the need to manage video delivery and quality. Moreover, the vendors are adopting partnerships and acquisitions strategies to proficiently compete in the regional market
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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