7/24/2023 0 Comments Systems similar to highfive![]() ![]() The major players, such as Cisco, are offering a complete range of dedicated video conferencing endpoints as a part of their comprehensive product portfolio. The market is highly fragmented and the players in the market are focusing on forming partnerships with other companies to increase their market share. The players operating in the video conferencing industry are Cisco Systems, West Unified Communications Services, Polycom, Adobe Systems, Arkadin, Logitech, Microsoft, Vidyo, ZTE Corporation, and Huawei Technologies. Moreover, the growing adoption of the video conferencing solutions among the SMBs is also driving the market growth. The increasing consumer use of software-based and cloud-centric video conferencing services is enhancing the growth of the market. The supportive government policies in the region are expected to nurture the growth of the market. The Asia Pacific video conferencing market is expected to register a CAGR of 14% over the projected timespan. The advent of mHealth and Telemedicine concept across the countries is the major force driving the adoption of video conferencing among the healthcare sector. The healthcare market is also projected to attain a growth rate of 15% over the projected time frame. The widespread adoption of video tutoring and online education platforms is the primary factor driving the demand for video conferencing solutions among the education institutes. The education market is predicted to grow at a CAGR of 14% over the forecast time period. Video conferencing is used widely across corporate enterprises, educational institutions, government organizations, and healthcare establishments. In addition, the widespread adoption of smartphones and the advent of 3G and 4G technology across various locations are also fostering the growth of the market. The startups in the market are offering freemium models to increase market penetration. The video conferencing service providers, such as Polycom and ezTalks, are offering easily downloadable mobile applications that can transform mobile devices into video conferencing workstations. The emergence of affordable, reliable, and powerful smart devices has shifted the focus of the business industry toward mobile video conferencing applications. The smart businesses and organizations have moved beyond static workplaces and are adopting mobile workforces. Make an inquiry for purchasing this report desktop segment is expected to grow at a CAGR of 14% over the forecast timespan. In addition, many companies are offering trial periods or free usage tiers with basic features. ![]() The vendors in the market are following entry-level pricing models ranging between USD 8 to 40 per month. The prices of these formerly expansive systems have changed over the last four to five years. Most of these video conferencing systems are providing basic essential features such as text chat, video chat, and the ability to share documents & applications. The falling price of the video conferencing products is also driving the growth in the market. Moreover, as the number of remote workplaces increases, the need for a unified communication and collaboration solutions among enterprises also rise to foster teamwork between the employees at different locations.Ĭompany profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis: The corporations are relocating their workplaces to distant locations to take advantage of the supportive regulatory policies and resources in various regions across the globe. This has allowed the multinational organizations to grow while enhancing their communication & collaboration frequency between the companies. The current scenario of globalization has witnessed closer relations between the countries, regions, and districts. The video conferencing market is propelled by the rise in globalization. Request for a sample of this research report Conferencing Market size is set to exceed USD 20 billion by 2024 according to a new research report by Global Market Insights, Inc. ![]()
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