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Video Conferencing Market To Experience Substantial Growth In The Forecast Period 2022-2031
Video Conferencing Market
The regions covered in the video conferencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest video conferencing market share.
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The video conferencing market consists of sales of video conferencing software and its related services by entities (organizations, sole traders, and partnerships) that enable users in different locations to conduct face-to-face meetings without the necessity to move to one place together. Video conferencing increases performance, saves time, minimizes travel costs, and facilitates collaboration. Video conferencing allows the power to encourage all those benefits without the necessity for constant travel for face-to-face communication.
Key competitors in the video conferencing market include Cisco Systems Inc; Polycom; Adobe Systems; Microsoft Corporation; Vidyo Inc; Zoom Video Communication Inc; Logitech International S.A.; Panasonic Corporation; ZTE Corporation; Huawei Technologies Co. Ltd.; Avaya Inc.; Lifesize Inc.; Verizon Communucation; Alphabet; Fuze inc; Facebook Inc.; Starleaf; Premiere Global Services Inc.; ezTalks Technology Co. Ltd; Bharti Airtel; Reliance jio Infocomm Limited; Blue Jeans Network Inc; Array Telepresence Inc and West Corporation.
The global video conferencing market size is expected to grow from $6.03 billion in 2021 to $6.61 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The change in the video conference market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $9.43 billion in 2026 at a CAGR of 9.3%.
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TBRC's report segments the global Video conferencing market:
1) By Conference Type: Telepresence, Integrated, Desktop, Service-Based Video Conferencing System
2) By Deployment: Cloud, On-Premises
3) By Enterprise Size: Small and Medium Enterprises, Large Enterprises
4) By End-Use: Corporate, Education, BFSI, Media and Entertainment, Government and Defense, Others
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The Table of Contents includes:
1. Executive Summary
2. Video Conferencing Market Characteristics
3. Video Conferencing Market Trends And Strategies
4. Impact Of COVID-19 On Video Conferencing
5. Video Conferencing Market Size And Growth
.....
27. Video Conferencing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video Conferencing Market
29. Video Conferencing Market Future Outlook and Potential Analysis
30. Appendix
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