Title: Video Conferencing Market 2023-2032; Growth Forecast & Industry Share Report
1Video Conferencing Market Share, Trend Growth
Forecast to 2032
2- As per a recent research report, Video
Conferencing Market to surpass USD 120 Bn by
2032. - Video Conferencing Market is expected to witness
massive growth between 2023 and 2032, owing to
the rising penetration of smartphones worldwide.
In addition, the flexibility offered by digital
and online lectures is expected to bolster the
video conferencing market growth in the coming
years. - Moreover, the global adoption of 5G technology
will offer an improved broadband experience and
help reduce connectivity issues and network
glitches, further resulting in the expansion of
video conferencing. - The competitive landscape of the video
conferencing market is highly intact. Key players
in the market are constantly engaging in
strategic initiatives, including partnerships,
mergers and acquisitions, and product launches,
to strengthen their position in the market. In
addition, artificial intelligence and machine
learning are among the new technologies gaining
traction in the video conferencing industry,
thereby boosting the market expansion.
3- Rising concerns regarding data breaches,
copyright issues, and privacy and security of
content shared over video conferencing platforms
is expected to restrict the market growth. - Overall, the video conferencing market is
classified in terms of component, type,
application, and region. - Based on components, the services segment is
expected to grow considerably by 2032 end. The
expansion can be credited to the increased demand
for professional services that enable firms to
develop and incorporate a highly reliable video
networking. Besides, these services allow
conglomerates transform their unified
communications strategy into a competitive
advantage. The segment accounted for more than
USD 4 billion revenue in 2022. - Considering the type, the desktop segment was
valued at over USD 5 billion in 2022 and is
slated to witness massive growth through 2032.
The growth is likely to be credited to
improvements in pre-installed video cameras in
laptops or webcams, offering 4K or 1080p video
shooting or capture.
4North America video conferencing market accounted
for over USD 5 billion in 2022 and is anticipated
to register notable gains by 2032. The growth can
be attributed to mounting presence of leading
technology providers, such as Microsoft
Corporation and Google LLC, in the region, who
are constantly engaging in RD initiatives around
video conferencing. In addition, to address the
impending demands across various industrial
verticals, the regional players are focusing on
introducing new video conferencing solutions,
which are further slated to escalate the regional
market growth.
- Avaya Inc., Cisco Systems, Inc., Adobe Systems
Incorporated, Google LLC, Huawei Technologies Co.
Ltd., Zoom Video Communications, Inc., Microsoft
Corporation, BlueJeans
5Video Conferencing Market_at_ https//www.gminsights.
com/industry-analysis/video-conferencing-market
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