Launch of Various Video Conferencing-As-A-Service (VCaaS) is Expected to Accelerate the Growth of Global Video Conferencing Market
Global Video Conferencing (VC) is anticipated to grow at an astronomical rate during 2020-25. The growth if the market is anticipated to rise in the adoption of video-conferencing solution in end-user such as corporates, education, healthcare, media & entertainment etc., along with escalating 4G-enabled mobile devices and launch of various video conferencing-as-a-service (VCaaS) by the market players. Moreover, the COVID-19 outbreak has a positive impact on the market growth due to the lockdown imposition which has enable the organizations allow their employees to work from home for smooth business operations. Thus, this has augmented the demand for video conferencing solution amongst the corporate sector. However, the shutdown of schools and collages have also propelled the demand for VC solution in education sector. North America dominated the Global video conferencing market in 2020. US and Canada acquired the highest market share in the market on account of stron...