Video Conferencing Market is Expected to Reach USD 7467.88 million by 2023

The major forces driving the growth of the video conferencing market include the improved management communication and increased productivity and efficiency. Moreover, increasing trend of video content sharing and globalization of digital business and remote workforce are also some of the factors that are driving the market growth. However concerns related to security and privacy of contents, and evolving competitive landscape may hinder the market growth. In the middle of difficulty lies opportunity such as the unified communication and collaboration, and mobile and cloud-based video conferencing. The possible challenges for the market growth are evolving technologies and services, and needs a highly strict and secure web environment. But key players in the market are overcoming the challenges with continual improvement and innovation.

According to Publisher, the global video conferencing market to grow from USD 3678.68 million in 2016 to USD 7467.88 million by 2023, at a CAGR of 10.64%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.

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Market Dynamics:

• Drivers
o Improved management communication
o Increased productivity and efficiency
o Increasing trend of video content sharing
o Globalization of digital business and remote workforce

• Restraints
o Concerns related to security and privacy of contents
o Evolving competitive landscape

• Opportunities
o Unified communication and collaboration
o Mobile and cloud-based video conferencing

• Challenges
o Evolving technologies and services
o Needs a highly strict and secure web environment

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The research report categorizes the video conferencing market to forecast the revenues and analyze the trends in each of the following subsegments:

• Industry Trends Analysis
o Aerospace & Defense
o Banking, Financial Services & Insurance
o Consumer Goods & Retail
o Education
o Energy & Utilities
o Government
o Healthcare & Life Sciences
o Information Technology
o Manufacturing
o Media & Entertainment
o Telecommunication
o Transportation & Logistics
o Travel & Hospitality

• Geographic Trends Analysis
o Americas
 United States
o Europe, Middle East & Africa
 United Kingdom
 Germany
 Saudi Arabia
o Asia-Pacific
 China
 Japan
 India

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Product Usability Profiles:

The video conferencing market research report provides the product usability profiles and analyze the features & pricing, informant reviews of the following product:

• Adobe Connect
• Amazon Chime
• BlueJeans Meetings
• Cisco WebEx Meeting Center
• ClickMeeting
• GoToMeeting
• Join.me
• Microsoft Skype for Business
• Zoho Meeting
• Zoom Meetings

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of video conferencing market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the video conferencing market that will impact the demand during the forecast period. Moreover, the competitive analysis of video conferencing market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.

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Reasons to Buy:

The video conferencing market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global video conferencing market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.

• Evaluate the qualitative and quantitative aspects of the report and analyze the video conferencing market penetration with respect to industries and geographies.

• Evaluate the key vendors in the video conferencing market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in 360iResearch FPNV Positioning Matrix.

• Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the video conferencing market.

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