![]() ![]() Microsoft Teams is an online collaboration platform with video conferencing capabilities, enabling online meetings for enterprises globally. They help organizations effortlessly synchronizing their workflows from different devices and locations. These products integrate seamlessly with other Microsoft tools, via Office 365. Microsoft provides video conferencing Solution such as Microsoft Teams and Skype for Business. These players have adopted various strategies to grow in the global video conferencing market. (Haivision), and Premium Global Services Inc. (HighFive), Logitech International SA (Logitech), Barco NV (Barco), Fuze Inc. (Kaltura), BlueJeans Network (BlueJeans Network), Kollective Technology, Inc. (LogMeIn), Enghouse Systems Limited (Enghouse Systems), Pexip, AS (Pexip), Qumu Corporation (Qumu), Sonic Foundry Inc. (AWS), Google, LLC (Google), Plantronics, Inc. (Cisco), Adobe Systems Incorporated (Adobe), Huawei Technologies Co. The key and emerging market players in the video conferencing market include Microsoft Corporation (Microsoft), Zoom Video Communications, Inc. ![]() ![]() Video conferencing technology also helps with patient monitoring, consulting, and counseling. The solution enable face-to-face interactions between patients, healthcare teams, and family members to discuss various treatment options, located anywhere in the world. The collaborations enable healthcare providers in telemedicine and patient care, medical education, and healthcare administration applications to offer enhanced patient care by providing them with improved communication options. This results in the requirement for channelized content insights and accurate clinical information that can be consolidated through video conferencing Solution. The healthcare and life sciences vertical deals with diverse clinical, administrative, and financial content on a daily basis. Healthcare segment to grow at the highest CAGR during the forecast period IaaS is leveraged for both virtual private cloud and complete private cloud environments. They offer with a global resilient network with large numbers of Points of Presence (PoP) near offices. IaaS providers, such as Microsoft, Google, Oracle, and Amazon, provide the enterprises with their data center available in most major metro areas. Video conferencing applications that are designed for self-hosting on IaaS platforms are referred self-hosting. IaaS provides an organization with control over its data privacy and scalability management, hosting its on-premises data to the cloud. Enterprises are considering privacy policy and the data security model of cloud service, and the SLAs of the provider before subscribing to the SaaS model of cloud deployment. SaaS-based video Solution are deployed leveraging their simplicity and ease of deployment. The cloud deployment model includes providers, such as the Infrastructure as a Service (IaaS) and the Software as a Service (SaaS), with the majority of end users as enterprises, government agencies, and healthcare organizations. The reduced travel time and cost, the importance of involving employees in determining strategic goals, and the rising need for virtual meeting rooms have overall increased the spending of companies on video conferencing solutions.Ĭloud mode of deployment segment is expected to grow at the highest CAGR during the forecast period With COVID-19, the entire workforce has experienced a transition toward remote working, paving a way for video conferencing solution and hardware products. MarketsandMarkets forecasts the global video conferencing market size is expected to grow from USD 9.2 billion in 2021 to USD 22.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. Video Conferencing Market by Component (Hardware, Solutions, and Services), Application (Corporate Communication, Training and Development, and Marketing and Client Engagement), Deployment Mode, Vertical, and Region (2022 – 2026) ![]()
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