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2 clusters · 3 sources · 22 days · First seen · Last updated

Global video conferencing market growth

Overview

The global video conferencing technology market is projected to expand significantly, with forecasts suggesting it will reach US$ 6.23 billion by 2030. This growth is attributed to the rise of hybrid work models, the return to physical offices, and the integration of new AI features.

Industry experts note that while companies are investing heavily in modernizing meeting rooms, there are ongoing challenges regarding long-term operational requirements. Specifically, maintenance and reliability are often overlooked in favor of initial installation. Furthermore, large enterprises frequently face difficulties due to a lack of centralized responsibility, as network management, AV technology, and collaboration platforms are often managed by disparate teams or service providers.

Entities

Zoom Video Communications · MVC Videra · Google LLC · Frost & Sullivan · Sven Damberger

Timeline

  1. [BUSINESS] 3 sources
    Global video conferencing market projected to reach $6.23 billion by 2030

    The global video conferencing market is set to reach $6.23 billion by 2030, but experts warn that companies are neglecting the operational management of their high-cost meeting room investments.

  2. [BUSINESS] 3 sources
    Asia-Pacific conference room solutions market to exceed US$ 1.9 billion by 2032

    The Asia-Pacific conference room solutions market is forecast to grow from US$ 300.08 million in 2023 to over US$ 1.92 billion by 2032, representing a CAGR of 23.79%.

Sources

hasselwander.co.uk · neue-pressemitteilungen.de · schlaunews.de