Video Conferencing Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2028
Advancements in Internet technology globally and increasing adoption of video conferencing in enterprises to support offshore operations are driving market revenue growth Market Size – USD 7.67 Billion in 2020, Market Growth – at a CAGR of 19.5%, Market Trend – Rapid adoption of big data among enterprises The global Video Conferencing Market size is expected to reach USD 32.02 Billion in 2028 and register a revenue CAGR of 19.5% over the forecast period, according to latest report by Reports and Data. Factors such as growing communication infrastructure that supports high-speed data, rising workplace mobility, Bring Your Own Device (BYOD) trend, increasing adoption of video conferencing in organizations to support offshore operations, and work from home culture are boosting market revenue growth. A video conferencing session is a real-time visual communication session between one or more participants, regardless of their location. Video conferencing solutions are designed to facili