PR-Inside.com: 2017-06-19 19:14:40
According to a recently published report by Brisk Insights, the Global Video Conferencing Market is expected to grow at the CAGR of 7.6% during 2017-2025. The global video conferencing market is segmented on the basis of deployment models, end-users and geography. The report on global video conferencing market (by deployment model, end-user and geography) provides a detailed overview and predictive analysis of the market.
The global video conferencing market has been witnessing steady growth on account of continued adoption of various video conferencing solutions across the world. Factors such as decreasing overall costs of various video conferencing equipment and introduction of affordable video solutions have compelled various businesses towards incorporating video solutions into their business processes. Moreover, the advent Web-RTC has led to the rise of numerous browser-based video conferencing solutions resulting in a multi-vendor environment within organizations. Thereby, the overall video conferencing market is expected to witness sustained growth during the forecast period from 2017 to 2025.
Full report available on Video Conferencing Market: Global Industry Size, Growth, Share and Forecast to 2025 report at www.briskinsights.com/report/video-conferencing-market
The global video conferencing market is fairly concentrated with Cisco Systems, Inc. and Polycom, Inc. attributing to almost 70% of the overall revenue share. Factors such as provision of high quality equipment which enable high-definition video streaming have resulted in such high market share for these two providers of video conferencing solutions. Other companies such as Microsoft Corporation, Lifesize, Inc., Vidyo, Inc., InterCall (West Corporation) and Blue Jeans Network, Inc. which have been primarily focusing on providing cloud-based video conferencing solutions have gained immense market share in the recent years. Due to rising demand for cheaper video calling services without the requirement to maintain various heavy and costly hardware components on-site, these providers have been focusing on offering cloud-based solutions to their customers.
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