Video Conferencing Market was Estimated to be US$ 6778.21 Mn in 2018 and is Expected to Grow at a CAGR of 10.35% Over the Forecast Period, Owing to Increasing Demand for Collaborative Tools for Remote Working; Says Absolute Markets Insights

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With the COVID-19 crisis affecting many global markets, a question does arise. Which market seems to be favourable for future investment?  The global video conferencing market is, without a doubt, one of those. More than 1/5th of the global population is being forced to stay indoors to mitigate the impact of the virus. Video conference service providers are seeing higher traffic during these times of peril. Microsoft Teams, for instance, reported over 44 million active users each day, in March 2020. This is in comparison to less than 25 million users in November 2019. Zoom has seen a 67% rise in its daily traffic since Jan 2020. The global video conferencing market is also seeing a growing number of new entrants who are hoping to take a piece of the revenue which is currently dominated by major companies such as Zoom, Microsoft and Cisco, which in turn is further aiding for the growth of the market.     

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The detailed research study provides qualitative and quantitative analysis of video conferencing market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

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Video Conferencing Market:

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