Global Video Conferencing Market was valued at US$ 4.21 Bn. in 2020 and is expected to reach US$ 8.9 Bn. by 2027, at a CAGR of 11.3% during a forecast period.
Global Video Conferencing Market Overview:
Global video conferencing market was valued at US$ 4.21 Bn. in 2020. Market growth is expected to be fueled by factors such as company globalization, geographically dispersed operations, and the growing acceptance of remote working practices. The market's growth is likely to be aided by the rapid usage of video conferencing solutions in the medical and education sectors. Furthermore, as enterprises and individuals strive to stay connected, lockdowns enforced around the world in reaction to the COVID-19 epidemic have led to a massive spike in demand for video conferencing and teleconferencing solutions.