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Global Video Conferencing Market 2024-2028 - Market Forecasted to Surge at a CAGR of 11.9% from 2023-2028DUBLIN, March 21, 2024 /PRNewswire/ -- The "Global Video Conferencing Market 2024-2028" report has been added to ResearchAndMarkets.com's offering. The video conferencing market is forecasted to grow by USD 7.44 billion during 2023-2028, accelerating at a CAGR of 11.9% during the forecast period. The market is driven by increasing globalization and the need for cross-border communication, proliferation of mobile devices enables on-the-go video conferencing, and cost-savings offered by video conferencing when compared to in-person meetings. This study identifies the increasing adoption of AI-driven features in video conferencing as one of the prime reasons driving the video conferencing market growth during the next few years. Also, integration of AR and VR technologies for immersive virtual meetings and training sessions and adoption of cloud-based video conferencing platforms will lead to sizable demand in the market. The report on the video conferencing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report on the video conferencing market covers the following areas:
The video conferencing market is segmented as below: By Component
By End-user
The report provides a detailed analysis of several leading video conferencing market vendors that include 8x8 Inc., Adobe Inc., Alphabet Inc., Amazon.com Inc., Avaya LLC, Cisco Systems Inc., Dialpad Inc., Enghouse Systems Ltd., Haivision Systems Inc., HP Inc., Huawei Technologies Co. Ltd., Kaltura Inc., Logitech International SA, Microsoft Corp., Pexip AS, RingCentral Inc., Sonic Foundry Inc., TIBCO Software Inc., Verizon Communications Inc., and Zoom Video Communications Inc.. Also, the video conferencing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities. 3 Market Sizing 9 Geographic Landscape
For more information about this report visit https://www.researchandmarkets.com/r/v1aeb8 About ResearchAndMarkets.com
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