" Video conferencing “: "Trend, Technology and Benefits."

Video conferencing is a type of online meeting where two or more people can communicate with a live audio-video call. With a strong internet connection, participants can see, hear, and talk to each other in real-time, no matter where in the world they are.

The main impact of video conferencing for a business is that it reduces costs and can improve collaboration. Firstly, a sophisticated video conferencing system will improve company video usage and overall collaboration instead of a simpler telepresence solution. Additionally, video conferencing can save millions in foregone travel expenses for large companies that expand across a country or even the globe.

Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End-User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media) - Global Forecast to 2028

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Work from Home Culture to Drive the Market Growth

The global pandemic has changed the behavior of corporate working culture. The lockdown of major industries during the pandemic has forced the employees to work remotely. This has boosted the use of cloud-based video conferencing tools, such as Zoom and Microsoft Teams. Considering the safety of its employees, an increasing number of companies are opting for work from home. Also, it is found that this working culture has improved employee productivity due to less time for commuting, better work-life balance, and location independence.

Additionally, it is beneficial to the employers, which can cut electricity, office spaces, maintenance charges, office supplies, and other miscellaneous spendings. In April 2020, Tata Consultancy Services (TCS), an India-based IT service provider, announced its plan to allow 75% of employees, around 4.5 lakh employees, to work from home till 2025. Furthermore, Infosys, a major IT service provider, has permanently announced flexible work from home model.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments by the leading participants in the Video Conferencing market over the last few years. The key video conferencing software players operating in the market are Zoom Video Communication, Inc. (U.S.), Microsoft Corporation (U.S.), Cisco Systems, Inc. (U.S.), Blue Jeans Network Inc. (Verizon) (U.S.), LogMeIn, Inc. (U.S.), Alphabet Inc. (U.S.), ON24, Inc. (U.S.), Dialpad, Inc. (U.S.), TeamViewer AG (Germany), Adobe (U.S.), Blackboard Inc. (U.S.), Vidyo, Inc. (U.S.).

The key players offering hardware in the market are Plantronics, Inc. (U.S.), Logitech (Switzerland), Huawei Investment & Holding Co., Ltd. (China), ZTE (China), Lifesize (U.S.), KEDACOM (China), Yealink Inc. (China), and Tely (U.S.).

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Scope of the Report:

Video Conferencing Market, by Technology

• VaaS

• USB Video Conferencing

• Room-based Codec System

Video Conferencing Market, by Component

• Solutions

  • Hardware

    • Multi-Codec Endpoints

    • Single Codec Endpoints

    • Executive Desktop Endpoints

  • Software

• Services

Video Conferencing Market, by Deployment Mode

• Cloud-based

• On-premise

Video Conferencing Market, by Organization Size

• SMEs

• Large Enterprises

Video Conferencing Market, by End User

• Education

• Healthcare

• Government, Defense, & Public Sector

• BFSI

• Media & Entertainment

• Legal & Law Profession

• Manufacturing

• Oil, Gas, & Energy

• IT & Communication

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