Video Conferencing Market Size, Emerging Trends, Share, Growth Rate, Business Opportunities, Overview And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Video Conferencing Global Market Report 2023 identifies launch of 5G technology as the major driver for the video conferencing market's growth in the forecast period. 5G enhances video conferencing attributing to faster networks, higher frequency radio bands, and more reliable connections. The improved network speeds and bandwidth capacity can support top-quality calls in HD or even 3D without delay or other interruptions found in the busy 4G network. The development of 5G at reasonable rates has put remote work at the forefront of video conferencing.

The global video conferencing market size will grow from $6.62 billion in 2022 to $7.26 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the video conferencing is expected to grow to $10.44 billion in 2027 at a CAGR of 9.5%.

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Major competitors in the video conferencing market are Cisco Systems Inc., Polycom, Adobe Systems, Microsoft Corporation, VidyoInc., Zoom Video Communication Inc., Logitech International S.A.

A key trend in the video conferencing market includes gamification in video meetings. Video conferencing companies introducing gamification for corporate end-users in their video meetings to improve employee performance and drive productivity. Gamification includes components of game design, such as tasks, points, badges, and rewards in a non-game sense. Employers might split their workers into small groups and then using screen sharing and annotation functions, make them work on an activity remotely in a video conference. Moreover, few companies in the media and entertainment market are introducing gamification in their video meetings to attract a greater number of users and improve user experience. For instance, in May 2020, Microsoft Corporation, a US-based technology company, launched the Xbox game console, a virtual game conference with a regular schedule of online demonstrations.

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The video conferencing market is segmented -
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, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the video conferencing market.

The Business Research Company's "Global Video Conferencing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Video Conferencing Market Include:
1. Executive Summary
2. Video Conferencing Market Characteristics
3. Video Conferencing Market Trends And Strategies
4. Video Conferencing Market - Macro Economic Scenario
5. Video Conferencing Market Size And Growth
………….
26. Africa Video Conferencing Market
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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