Managed video conferencing service market accounted for US$ 886.3 million in 2020 and is estimated to be US$ 1381.0 million by 2029 and is anticipated to register a CAGR of 5.1%
The report "Global Managed Video Conferencing Service Market, By Service (Site Staffing, Remote Management & Monitoring, Help Desk & Troubleshooting, and Infrastructure Management), By Component (On-premise Model, Cloud Model, and Hybrid Model), By End-user (Corporate Enterprise, Healthcare, Government & Defense, Education, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Key Highlights:
- In April 2020, Facebook, Inc. declared to launch Messenger Rooms, the solution permitting users to conduct conference with up to 50 people. The company has focused on security and privacy features due to the growing concerns over cybersecurity in video conferencing applications particularly during coronavirus pandemic. The features will enable the company to capture more customer engagement with video messaging platforms.
- In March 2020, Zoom Video Communications, Inc., a California-based remote conferencing services company, has declared the free access to video conferencing tools during COVID-19 crisis for K-12 schools. Additionally, the company's stock prices have increased with the last few months as the investors are as certain that the virus could possibly propel the demand for Zoom's video conferencing products.
Analyst View:
The increasing globalization of businesses has resulted in the increased demand for solutions that influence conferencing from several locations. The hardware component segment in the video conferencing industry is projected to register a maximum growth of over the forecast timespan. The Multipoint Control Unit (MCU) is indorsing high adoption as it allows businesses to organize group conferencing by connecting endpoint devices. The server manages stability, video & audio quality, data security, and delivers efficient video communication for all conference users.
The industry vendors are adopting the solution to improve collaboration and interaction among geographically discrete teams. Players are highly focusing on reducing business travel costs, which has created a lucrative opportunity for the target market. These companies are providing solution with MCU functionality. For instance, Zoom Video Communications, Inc. provides MCU integrated solution as a part of its hardware package.
Key Market Insights from the report:
The global managed video conferencing service market accounted for US$ 886.3 million in 2020 and is estimated to be US$ 1381.0 million by 2029 and is anticipated to register a CAGR of 5.1%. The market report has been segmented on the basis of service, component, end-user, and region.
- By service, the global managed video conferencing service market is segmented into site staffing, remote management & monitoring, help desk & troubleshooting, and infrastructure management.
- By component, cloud model segment holds the significant share in the target market. Cloud-based video collaboration services make cost-effective and scalable conferences possible. In recent years, video conferencing usage growth has exploded and become an important and vital tool for developing organizations that depend on reliable communication.
- By end-user, the government sector has registered rapid transformation with the adoption of digitalization in recent years. Increased digitization in the government sector and the requirement of effective communication with citizens during the coronavirus outbreak is driving growth of this segment.
- By region, North America estimates for the highest market share due to the availability of well-established infrastructure and surge in cost associated with the setup of IT infrastructure and mobility. Additionally, growing number of SMEs (Small and Medium Enterprise) who are looking for better collaborations and shift of large enterprises towards superior modes of video conferencing and content management rooms is also boosting growth of this region.
Before purchasing this report, request a sample or make an inquiry by clicking the following link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4387
Competitive Landscape:
The prominent player operating in the global managed video conferencing service market includes Adobe Systems Incorporated, JOYCE CR, Arkadin Cloud Communications, S.R.O., Logitech International S.A., Microsoft Corporation, Orange Business Services, Vidyo, Inc., West Unified Communications Services, and ZTE Corporation.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Other Related Reports:-
https://chaitanyahcblogs.blogspot.com/2022/08/kidney-stones-management-market-is.html
https://sites.google.com/view/kidney-stones-management-marke/home
Article source: https://article-realm.com/article/Internet-Business/Auctions/26000-Managed-Video-Conferencing-Service-Market.html
Reviews
Comments
Most Recent Articles
- Apr 29, 2023 How to install Peacock TV ? by charles hensen hensen
- Apr 28, 2023 Watch Out For These 5 Major Trends In Public Relations by Global Pr Connect
- Apr 26, 2023 Are Animals Better Than Humans? by Animals Name
- Apr 26, 2023 Animals Name in Hindi and English with Pictures by Animals Name
- Apr 25, 2023 How To Choose Best Public Relation Agency In Delhi by Global Pr Connect
Most Viewed Articles
- 1048 hits Agency downgrades Parrish Medical Center debt by nisse lind
- 893 hits How to find the Best News Websites? by Stephen Colbert
- 879 hits Raleigh Wedding Photographer is Creative, innovative and Highly Professional! by Jojo Franky
- 845 hits Alex Rider Novels by janyy scott
- 758 hits Headwear used for saltwater fly fishing protects the anglers from sun rays by Jessica Jackson
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
77367 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
32687 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
13711 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
11086 Views
Statistics
Members | |
---|---|
Members: | 15316 |
Publishing | |
---|---|
Articles: | 63,054 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 473 |
Members: | 6 |
Guests: | 467 |
Bots: | 12495 |
Visits last 24h (live): | 1524 |
Visits last 24h (bots): | 28010 |