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Video Conferencing Market Video Conferencing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Service); By Deployment (On-Premise, Cloud); By Application (Consumer, Enterprise); By End-Use; By Region; Segment Forecast, 2021 - 2028 @Polaris Market Research and Consulting LLP
Market Overview The global video conferencing market size is expected to reach USD 32.70 billion USD 32.70 billion by 2028 and is expected to grow at a CAGR of 19.8% 19.8% during the forecast period. CAGR of Request Free Sample @Polaris Market Research and Consulting LLP
Market Dynamics • Improved Meeting Efficiency and Insight Generation • Streamlined Communication and Simplified Business Processes • Standardization of Video Conferencing Across Organizations • Accelerating Adoption of Cloud-Based Technologies Buy Now @Polaris Market Research and Consulting LLP
Report Highlights • The growing use of smart devices and demand for visual communication are key factors fueling market expansion. Cloud-based video conferencing solutions enable access to valuable meeting data, boosting operational efficiency. • COVID-19 significantly increased the demand for video conferencing tools and services. For example, Zoom gained over 2.22 million monthly users in 2020 alone, highlighting the surge. • The on-premise deployment segment dominates the market in revenue contribution. Large enterprises favor it for robust data security and control over sensitive information. • Rising concerns about data breaches are steering organizations toward secure, on-premise systems. These solutions offer better control and compliance with internal security protocols. @Polaris Market Research and Consulting LLP
Major Competitors Amazon Web Services, Inc. AURA Presence Avaya Inc. Barco NV BlueJeans Network, Inc. Cisco Systems, Inc. Fuze, Inc. Google Haivision, Inc. HighFive, Inc. Huawei Technologies Co. Ltd. Kaltura, Inc. Kollective Technology, Inc. Lifesize, Inc. Logitech International S.A. LogMeIn, Inc. Microsoft Corporation Pexip AS Plantronics, Inc. • • • • • • • • • • • • • • • • • • • @Polaris Market Research and Consulting LLP
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