Global Video Conferencing Market – Size, Outlook, Trends and Forecast (2024

Global Video Conferencing Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Video conferencing is the means of communication which is known as the video conference or the video tele conference. It is the two-way video and audio transmissions and allows more sites to connect by real-time broadcasts. Video conferencing differs from videophone calls. It is projected to help a conference in multiple locations and is an intermediate form of video telephony.

Global Video Conferencing Market Segments Size & Growth:

Global video conferencing market is accounted for $XX Billion in 2018 and likely to grow with a CAGR of 20.1% to reach $3.98 Billion by 2025 during the forecast period 2019-2025. Increasing cloud-based video conferencing services, emerging of 3D technology in video conferencing solution and demand for the cloud-based solution are the factors boosting the growth of the market. However, high expenses for quality video conferencing, increasing incidences of low bandwidth and growing requirements of strict internet connection environment are hindering the market growth. Growing developments of advanced conferencing solutions & services and increasing advancements and upgrades are creating huge growth opportunities shortly.

Global Video Conferencing Market Segments Share:

Global video conferencing market is categorized into by product which consists of software, hardware and services. Hardware segment is leading the global video conferencing market during the

Global Video Conferencing Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

forecast period owing to increasing productivity & efficiency, decreasing expenses as well as time, rising usage of web cams, microphone & speakers and increasing adoption of cloud based video conferencing by both small & medium and large enterprises.

Corporate enterprises are held the major share in the video conferencing market due to increasing technological advancements, client meeting, emerging demand for the cloud based solutions, and rising partnerships & acquisitions.

By Geography, North America accounted for the major share in the global video conferencing strengthen its position

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Global Video Conferencing Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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