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Global Cloud-based Video Conferencing Market Size, Status, and Forecast 2018-2025Report Overview:
The Global Cloud-based Video Conferencing Market Report shares that the global market value size of online video conferencing was 3.4 billion USD in the year 2017 and is anticipated to grow at a CAGR of 9.2 percent from the year 2018 to 2025. Cloud-based video conferencing also refers to the process of the conducting meeting through telecommunication technologies and it also includes a real-time, two-way transmission of video and audio content. The communication method helps companies in faster decision-making as well as reducing traveling time and related costs.
The report on Global Cloud-based Video Conferencing Market shares that two and more locations try to interact by simultaneous two-sided audio and video transmissions. When talking about cloud solutions, various cloud servers are useful for sending, accessing, and storing different data types. It is different from videophone calls as the former technology designed for processing multiple locations instead of individuals. It offers a company the advantages of superfast and high-end video as well as audio conferencing technology. An organization does not need to invest in hardware, infrastructure, and networks.
The Worldwide Cloud-based or Online Video Conferencing Industry Study describes that the technology has made the conversation or transmission of data or video much more comfortable as anyone can now access any videos from anywhere. Most companies are utilizing this for long-distance communication and also cost-effective. Cloud-based or online solutions are becoming popular among consumers. Therefore, it is anticipated that it will fuel the growth of the Cloud-based Video Conferencing market. The advanced technology offers benefits to organizations of high-quality HD video conferencing innovation with no real investment in hardware, network, and infrastructure.
The key players covered in this study:-
Avaya
Cisco Systems
Huawei Investment & Holdings
Polycom
Blue Jeans Network
Fuze
LifeSize Communications
StarLeaf
Videxio
Vidyo
Zoom Video Communications
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Global Cloud-based Video Conferencing Market Size, Status, and Forecast 2018-2025: Segmental Analysis
The Global Cloud-based Video Conferencing Market Research study describes that its market has been segmented based on different factors such as Types, Application, and Region. Based on Types, the product of video conferencing has categorized into Software, Hardware, and Services. Under the category of Hardware, it includes a microphone, speaker and headphone, and under the category of Services, it includes managed and professional. Based on the application, the video conferencing product has categorized into healthcare, ICT, BFSI, corporate, media & entertainment, education, manufacturing, and many more. However, the Cloud-based Video Conferencing market has been segmented based on the deployment, which incorporates cloud and on-premise.
Global Cloud-based Video Conferencing Market Size, Status, and Forecast 2018-2025: Regional Analysis
The Global Cloud-based Video Conferencing Market Research Study shares that its market segmentation based on the geographical aspect. The report incorporates countries or regions such as Europe, United States, Central & South America, North America, China, Japan, India, and Southeast Asia. It demonstrates that the region, North America is dominating the global market of the video conferencing market and it has become a well-known business because they adopt high-end technologies. The marketer in the U.S. and Europe are now gradually gaining knowledge about the video conferencing system adoption. As expected, the region may witness an increase in demand for up-gradation or replacement of the systems. The companies are the early adopters who located in the North America region, thus it may dominate the market over the forecast period. Further, Asia Pacific may become the fastest-growing region with a CAGR of 10.5 percent during the forecast period.
Global Cloud-based Video Conferencing Market Size, Status, and Forecast 2018-2025: Industry News
The research study on Global Cloud-based Video Conferencing Market illustrates that abruptly increase in demand for video conferencing owing to the globalization and urbanization of geographically scattered business operations, businesses, and management of remote workforce are the major drivers in the global market. Similarly, other fields like online education and telemedicine are becoming popular in the growing economies of Asia Pacific, demand for online solutions vary based on applications and it is rising significantly.
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