Banking, Financial Services and Insurance (BFSI)., ReadyTalk, Slack Technologies, Inc., StarLeaf, TeamViewer Group, Tencent Meeting and Zoom Video Communications, Inc., amongst others. , IBM Corporation,, Inc., Livestorm SAS, LogMeIn, Inc.
, ezTalks, Facebook, Google Inc., Huawei Technologies Co., Ltd. Some of the players operating in the video conferencing market are Adobe, Blue Jeans Network, Inc., Cisco Systems, Inc., Clickmeeting, Dialpad,Inc.The increasing focus on SMEs and startups in this region by the government bodies is a major reason for this. As far as geography is concerned, the APAC region is expected to show the highest growth during the forecast years.Large organizations held the larger share of the market revenue in 2018, mainly because of the presence of a higher number of remote working teams that require customized video conferencing solutions.On the basis of offering, the solutions segment is expected to show the maximum growth, due to the increasing demand for cloud-based solutions that promote video conferencing.
The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The supply side analysis covers the major market players and their regional and global presence and strategies. The demand side analysis covers market revenue across regions and further across all the major countries. The market has been analyzed from demand as well as supply side. The detailed research study provides qualitative and quantitative analysis of video conferencing market. The global video conferencing market is also seeing a growing number of new entrants who are hoping to take a piece of the revenue which is currently dominated by major companies such as Zoom, Microsoft and Cisco, which in turn is further aiding for the growth of the market. Zoom has seen a 67% rise in its daily traffic since Jan 2020. This is in comparison to less than 25 million users in November 2019. Microsoft Teams, for instance, reported over 44 million active users each day, in March 2020. Video conference service providers are seeing higher traffic during these times of peril. More than 1/5th of the global population is being forced to stay indoors to mitigate the impact of the virus. Which market seems to be favourable for future investment? The global video conferencing market is, without a doubt, one of those. With the COVID-19 crisis affecting many global markets, a question does arise. With the penetration of the internet, coupled with the advancement in the cloud and AI technology, the global video conferencing market is expected to see considerable growth in the future. The meetings and transcripts can even be edited and shared with ease. Cisco WebEx, for instance, has embedded AI technology which enables you to take down notes using voice commands. As far as large organizations are concerned, highly secure video conferencing tools are now being provided by companies such as Cisco. ezTalks, for instance, provides an inter-school video collaboration platform that enables the students to record the sessions for future review. With video classrooms now being able to provide large participation among students, the importance of video conferencing tools in the education industry can't be stressed enough. Almost 75% of users believe that the tools help in improving workplace productivity in an organization. Due to the widespread promotion of remote working culture, the prominence of these tools is ever increasing. Global companies that employ a remote working team deploy video conferencing tools such as Skype for Business and Zoom for online interviews. Video conferencing tools are being widely used across various industries to promote team collaboration. PUNE, India, Ap/PRNewswire/ - The term video conferencing simply means the visual interconnection of people who are present in diverse locations through the medium of the internet. Some of the players operating in the video conferencing market are Adobe, Blue Jeans Network, Inc., Cisco Systems, Inc., Clickmeeting, Dialpad,Inc., ezTalks, Facebook, Google Inc., Huawei Technologies Co.
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