Pune, India, October 22, 2018 -- /360iResearch/ -- The report "Global Video Conferencing Market - Premium Insight, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2023 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 3,678.68 million in 2016 and is projected to reach USD 7,467.88 million by 2023, growing at a CAGR of 10.64% from 2016 to 2023.
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The major forces driving the growth of the video conferencing market include the improved management communication and increased productivity and efficiency. Moreover, increasing trend of video content sharing and globalization of digital business and remote workforce are also some of the factors that are driving the market growth. However concerns related to security and privacy of contents, and evolving competitive landscape may hinder the market growth. In the middle of difficulty lies opportunity such as the unified communication and collaboration, and mobile and cloud-based video conferencing. The possible challenges for the market growth are evolving technologies and services, and needs a highly strict and secure web environment. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global video conferencing market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global video conferencing market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the video conferencing market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Adobe, Amazon Web Services, Inc., Blue Jeans Network, Cisco Systems, Inc., ClickMeeting, LogMeIn, Microsoft Corporation, ZOHO Corporation, and Zoom Video Communications.
360iResearch LLP, headquartered in Pune, India, is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as Aerospace & Defense, Agriculture, Automotive & Transportation, Building, Construction & Real Estate, Chemicals & Advanced Material, Consumer Goods & Retail, Energy & Utilities, Food & Beverage, Healthcare & Life Sciences, Information Technology, Packaging, and Semiconductor & Electronics.
Miss. Shikha Sachan
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