Video conferencing is conducting conferences using technologies for allowing real-time, two-way transmission of video and audio. This communication can be between two or more users irrespective of their location, which features audio and video transmission. Organizations across the world are adopting video conferencing so as to reduce traveling cost and enhance productivity of organizations. Enterprises across various industries are adopting video conferencing solutions including healthcare, government, defense, education, corporate, and others.
Market Dynamics
The demand for video conferencing is rapidly increasing as companies are focusing on the global market. Globalization has offered organizations numerous benefits such as leverage of local infrastructure and reduction of material procurement costs. Video conferencing solutions are cost effective communication solution for businesses which drives the market growth during the forecast period.
Furthermore, due to COVID 19 pandemic many companies are shifting towards hybrid model of work (combination of both Work from home and office based model) which will further propel the demand for video conferencing solution during the forecast period. For instance, according to Coherent Market Insights analysis in 2020, more than 60% employees were working from home this trend is expected to continue even after pandemic.
Market Taxonomy
This report segments the global video conferencing market on the basis of deployment model, end-use industry and region. On the basis of deployment model, the global video conferencing market is segmented into on premise, managed, and cloud-based. On the basis of end-use the global video conferencing market is segmented into corporate enterprises, healthcare, government and defense, education, and others. On the basis of region, the global video conferencing market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Key features of the study:
Detailed Segmentation:
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