Video Conferencing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2027 - PowerPoint PPT Presentation

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Video Conferencing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2027

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Title: Video Conferencing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2027


1
Video Conferencing Market - Trends, Development
Factors and Segment Analysis to 2027
2
  • The video conferencing market is expected to
    record substantial growth by 2027 due to rising
    prevalence of the work-from-home and online
    learning trends across the globe.
  • Video conferencing has become an indispensable
    part of communication since the COVID-19 outbreak
    as offices, schools, universities, and various
    other services relied on it to operate remotely
    during the pandemic. In an effort to contain and
    prevent the spread of the novel coronavirus,
    governments around the world imposed stringent
    lockdown restrictions and advised social
    distancing, thereby forcing people to carry out
    their social and work-related engagements online.
  • Video conferencing has also enabled remote
    treatment delivery for patients who are unable to
    visit medical centers for treatment. Moreover,
    video conferencing has facilitated consultation
    services amidst growing mental health challenges,
    which have been amplified due to the pandemic.
    Rapid technological advancements and innovations
    in cloud computing, virtual reality (VR), and AI
    to improve video conferencing services have also
    fueled product uptake in recent years.
  • Moreover, industry players are employing
    lucrative strategies to capitalize on emerging
    market trends, which has augmented the overall
    business outlook. For instance, in June 2021,
    Zoom Video Communications, Inc., the video
    conferencing giant, announced the acquisition of
    Kites GmbH, a real-time machine translation (MT)
    solutions provider.

3
  • The deal was intended to enhance Zoom's machine
    translation feature to facilitate the inclusion
    of multi-language translation capabilities for
    Zoom users. With the acquisition, Zoom aimed to
    connect people irrespective of languages and
    geographical locations as well as to promote
    efficiency and productivity of meetings.
  • The video conferencing market has been
    categorized on the basis of application,
    component, type, and region. In terms of
    component, the market has further been divided
    into service (managed and professional), hardware
    (peripheral devices, multipoint control unit
    (MCU), and codecs), and software (cloud and
    on-premise). Under hardware, the multipoint
    control unit (MCU) segment is projected to amass
    notable gains over the study timeline owing to
    mounting demand for multi-point functionality.
  • With respect to type, the market has been
    bifurcated into telepresence, room-based, and
    desktop. The video conferencing industry form the
    telepresence segment is anticipated to witness
    robust growth through the forecast period. Rising
    demand for high-quality virtual meetings is
    likely to boost segmental expansion over the
    following years.
  • On the basis of application, the market has been
    segmented into government, corporate enterprise,
    healthcare, and education. The education segment
    is speculated to showcase optimistic growth over
    the review timeframe on account of the COVID-19
    pandemic-induced demand for online classes
    worldwide.

4
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/3
003
5
  • Regional Analysis
  • From the regional point of view, the Latin
    America video conferencing market is foreseen to
    gain significant traction by 2027 attributable to
    increasing penetration of smartphones
    affordable internet connection across LATAM.
  • Competitive Analysis
  • Key players operating in the industry include
    Google Inc., Adobe Systems Inc., Avaya Inc.,
    BlueJeans Network, Cisco Systems Inc., LogMeIn
    Inc., Citrix Systems, Inc., Fuze Inc., Highfive,
    Microsoft Corporation, Premiere Global Services
    Inc., Huawei Technologies Co., Ltd., KOLLECTIVE,
    Lifesize Inc., MediaPlatform, Pexip, Polycom
    Inc., ReadyTalk, uStudio Inc., Zoom Video
    Communication Inc., Vbrick, and Vidyo Inc.

6
Latest Research Report On Video Conferencing
Market _at_ https//www.gminsights.com/industry-analy
sis/video-conferencing-market
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/3
003
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.com/roc/3003
7
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