The Video Conferencing Market is expected to grow from USD 6.36 billion in 2019 to USD 12.04 billion by 2026 at a CAGR of 9.54% from 2019 to 2026.
Video conferencing is a live video-based platform made for conducting meetings between two or more individuals in distinct locations through a video-enabled device. It allows several individuals to meet and cooperate face to face through long-distance meetings by transmitting video, audio, text, and presentations in real-time via the internet. This is allowing the market players to knowledge substantial growth in demand for their products over the years. The businesses are observing a broad array of compensations as the companies are replacing their outmoded web or audio conferencing contracts with a modern cloud-based video conferencing solutions. Through their video conferencing solutions players, like Zoom and Lifesize, help enhance team communications and collaborations while increasing employee engagement and reducing operating costs. These advantages are brilliant in the rise in adoption, which, in turn, is showcasing growth in the market. The stupendous development of global industrialization is majorly credited to large enterprises. But the small scale and medium scale enterprises also play a critical role in driving the industrialization trend. The global market is segregated on the basis of End-use Industry as for Government & Defense, Education, Others, Corporate Enterprise, and Healthcare. Based on Component the global market is segmented in Services, Hardware, and Software.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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The global Video Conferencing market has been segmented as below:
By End-use Industry
Government & Defense
Education
Others
Corporate Enterprise
Healthcare
By Component
Services
Managed
Others
Hardware
Camera
Codec
Microphone/Speaker
Others
Software
On-premise
Cloud-based
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
JOYCE CR, S.R.O., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd, and others are among the major players in the global market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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