Video Conferencing Market To Witness Steady Growth Based On Rising Adoption Of 4g Service & High Demand For Video Solutions By Organizations, Educational Institutes Till 2027 | Million Insights
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In addition, rising trend of online education for medicinal operations especially in countries such as Japan, U.K., U.S, China, and India is boosting the growth of video conferencing market. Moreover, various electronics industry participants such as Siemens, Koninklijke Philips N.V., are partnering with companies in the market to develop these solutions. For example, in 2017, Vidyo Inc, and Koninklijke Philips N.V., have collaborated to develop a telehealth platform called Philips IntelliSpace eCareManager for monitoring patients remotely.
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In the light of COVID-19 outbreak, various governments across the globe are providing funds to companies to develop these solutions for remote operation. For example, in the U.S., Ohio Supreme Court has provided funding of around USD 4.0 million for the purchase of video solutions to high courts in April 2020. Furthermore, increasing the need for a remote workforce in hospital management is projected to positively impact on market growth.
Further key findings from the report suggest:
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Million Insights has segmented the global video conferencing market based on component, deployment, component, end use and region:
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