Video Conferencing Market 2020-2027 Booming Worldwide with Major Players like Microsoft, Huawei, Cisco, Adobe, Avaya, Plantronics and West Corporation

The global Video Conferencing Market size was valued at USD 4.05 billion in 2019 and is expected to register a CAGR of 10.9% from 2020 to 2027.
Video conferencing is the type of visual meetings by using telecommunication and networking technologies. Video conferencing involves formal two way transmission and real-time of video and audio content. It is helpful to make enhanced decision and also eliminates business travel time and allied costs. Video conferencing reduces management and operational cost, and improves productivity. It contains group of software, and hardware components which is helpful to transmit and receive audio and video graphics.

The report has explored several key dynamics that have a solid influence over the Video Conferencing Market. This report studied the value trends, volume trends, and the pricing history of the market for the forecast period. Also, the report mentions different market drivers, restraints, as well as opportunities to gain an insightful understanding of the market.

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Key Players operated in Video Conferencing Market

Adobe Inc.; Array Telepresence Inc.; Avaya Inc.; Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; Logitech International S.A.; Microsoft Corporation; Plantronics, Inc.; Vidyo Inc.; and West Corporation.

Increase in digitalization in various sectors is expected to boost the video conferencing market growth. Furthermore, continuous technological developments are expected to propel the growth of video conferencing market growth. In other hand, increase in prevalence COVID-19 in various countries is expected to fuel the growth of video conferencing market growth. For instance, in 2020, Governments of various countries had announced lockdown to avoid COVID-19, during this period number of employees are working from home for their organizations, to maintain communication between employees organizations are using video conferencing as solution. However, security and privacy of information and identity is the restraining factor which is expected to hamper the video conferring market growth.

Global Video Conferencing Market Segmentation
Market Segmentation by Component

o Hardware
o Software
o Services

Market Segmentation by Deployment
o On-premise
o Cloud

Market Segmentation Enterprise Size
o Large Enterprises
o Small & Medium Enterprises (SMEs)

Market Segmentation End-use
o Corporate
o Education
o Healthcare
o Government & Defense
o BFSI
o Media & Entertainment
o Others

Regional Analysis

The estimate and review of the Video Conferencing market have been conducted on a regional and global level. Based on the region, the Video Conferencing market has been analyzed in North America, Latin America (LATAM), Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

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