![]() ![]() Video conferencing solutions are growing in demand and popularity in some areas, including online education and telemedicine mainly in developing countries which include India, Brazil, the Philippines and China. The conferencing experience and video quality for employees and businesses are improving through the use of AI-based technologies. The emergence of new technologies such as IoT, cloud computing, virtual reality, enhanced video compression, and AI are likely to drive the video conferencing market. The demand and requirements for videoconferencing keep increasing due to geographically dispersed businesses and remote workforce management. The corporate sector remains the main revenue generator for the web and video conferencing market due to the growing number of international companies and the globalization of supply chains, which require long distance visual communication for increased productivity. Its segment currently represents a 9.7% share of the global SaaS web and videoconferencing market. ![]() After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Education segment is readjusted to a revised CAGR of 10.3% for the next 7-year period. period.Ĭompanies, one of the segments analyzed in the report, are expected to grow at a CAGR of 12.9% to reach $ 4.1 billion by the end of the analysis period. Global Web and Video Conferencing SaaS Market To Reach $ 7 Billion By 2026Īmid the COVID-19 crisis, the global web and video conferencing SaaS market, estimated at US $ 3.5 billion in 2020, is expected to reach a revised size of US $ 7 billion by 2026, with a CAGR of 11.9% compared to the analysis. Dublin, Novem(GLOBE NEWSWIRE) – The report “SaaS Web and Video Conferencing – Global Market Trajectory & Analytics” has been added to offer.
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