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Video Conferencing Market to hit $75 billion by 2027, Says Global Market Insights Inc.
The increase in outsourcing managed services for IT infrastructure will propel the video conferencing market growth. Many companies are hiring third-party companies to maintain IT services required in the organization including video-conferencing management. It also includes professional consulting services such as operations planning and user training & system recommendations. The managed services include remote solution monitoring, end-to-end ticket resolution, and technical video management. The corporates are also opting for such services as they offer customized video management solutions that include on-site staffing for several infrastructural issues faced by clients.
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The increasing use of video conferencing technology in the government sector will propel the industry growth. The video conferencing software providers offer a dedicated ecosystem to government bodies to conduct secured virtual meetings and discuss confidential information. The utilization of these platforms suddenly increased with travel restrictions imposed due to the COVID-19 outbreak, resulting in authorities conducting virtual meetings to establish reforms & conduct national level meetings for running the regular operations in the country. Video conferencing solutions help the government to reduce the overall operational cost and also conduct remote training sessions of different stakeholders.
The growing work from home culture in Europe will offer growth opportunities to the video conferencing industry. Several companies are offering permanent work from home options to their employees, particularly after the pandemic. The remote working model has encouraged companies to opt for secure video conferencing solutions for training and meetings. In Europe , according the weforum, the work from home population before & after the virus outbreak changed from around 5% to 12.1%. Finland accounted for the highest share of approximately 25% and Ireland & Luxembourg both accounted for 20% of all individuals working remotely.
Browse key industry insights spread across 280 pages with 530 market data tables and 39 figures & charts from the report, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/video-conferencing-market
Key players operating in the video conferencing market include Google, Adobe Systems, Avaya, BlueJeans Network, Cisco Systems, LogMeIn, Citrix Systems, Fuze, Highfive, Microsoft Corporation, Premiere Global Services, Huawei Technologies, KOLLECTIVE, Lifesize, MediaPlatform, Pexip, Polycom, ReadyTalk, uStudio, Zoom Video Communication, Vbrick and Vidyo.
Global Market Insights Inc., headquartered in Delaware , U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
1-302-846-7766
1-888-689-0688
sales@gminsights.com
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