Press release
Global Video Conferencing Market Growth, Size, Report & Forecast to 2025
The global video conferencing industry is expected to gain traction during the coronavirus outbreak. As the enterprises and government organizations are considering video conferencing as an ultimate solution to connect with remote workers, customers, and employees; and, at the same time, it prevents direct contact with the people. There are several factors that have been driving the market growth since the last decade, such as the increasing focus of companies towards the expansion of their businesses in the global market and in the management of the workforce in various subsidiaries. However, the outbreak of the coronavirus has impacted the video conferencing market positively. The ban on travel has limited the reach of the enterprises in the foreign market, which in turn, has increased the adoption of video conferencing software. Companies are adopting an innovative recruitment process at such time by engaging video conferences.Get Free Sample Copy @https://www.omrglobal.com/report-customization/covid-19-impact-on-video-conferencing-market
Global video conferencing industry report is segmented based on its end-user into government and commercial sector. As the countries are announcing a lockdown of their respective states continuously and urging enterprises to offer work from home facilities to its employees; the adoption rate of video conferencing software is getting increased. The government of a number of countries has put a restriction of trade and travel, owing to which the MNCs are adopting video conferencing software to engage their clients. Such moves are expected to trigger the video conferencing market during the pandemic.
A Full Report of Global Video Conferencing Market is Available at:https://www.omrglobal.com/industry-reports/covid-19-impact-on-video-conferencing-market
In addition, the effect of COVID-19 on the video conferencing industry is analyzed from a geographical standpoint by including North America, Europe, Asia-Pacific, and Rest of the World in the report. Asia-Pacific is contributing a major role in the growth of the video conferencing market during this pandemic situation. China, Japan, South Korea, and India have been experiencing damage in the economy due to the rapid spread of the coronavirus. Chinese economy hit hard by the coronavirus outbreak and the country has lockdown itself since more than a month.
Video conferencing is one such solution that has been called out by the companies and government organizations under this arrangement. The market players are also reaching out to the enterprises and government organizations to expand their services in the country. In February 2020, Zoom Video Communications, Inc. has lifted the 40-minute limit on video calls for its free version in China.
Key companies getting affected in the market include 8x8, Inc., Cisco Systems, Inc., Google LLC, Lifesize, Inc., LogMeIn, Inc., Microsoft Corp., RingCentral, Inc., StarLeaf Ltd., Zoho Corp. Pvt. Ltd.,
Verticals Affected Most
Government
Commercial
Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/covid-19-impact-on-video-conferencing-market
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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