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Video Conferencing Market: Top Growth Pockets Promising Market Dominance 2026

Additionally, the ongoing government-imposed lockdowns, rapid adoption of work-from-home policies, and social distancing measures have augmented the need for video conferencing Market applications, for both personal and business use.

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Video Conferencing Market: Top Growth Pockets Promising Market Dominance 2026

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  1. Global Video Conferencing Market: Key Strategies to Use to Dominate Globally 2020-2026

  2. Industry Overview • Accordingly, to Global Market Insights research report the global video conferencing market is anticipated to foresee significant growth over the coming years due to the increasing adoption of the video conferencing technology across healthcare institutions to conduct specialist consultation and post-discharge programs remotely. With the constantly evolving technology landscape, a plethora of other industrial sectors have emerged as potential growth opportunities for the market, especially given the current COVID-19 situation. • Additionally, the ongoing government-imposed lockdowns, rapid adoption of work-from-home policies, and social distancing measures have augmented the need for video conferencing Market applications, for both personal and business use. In fact, as per a new report from the App Annie, business video conferencing market apps have observed massive growth, hitting their largest week in March. As per reliable data, business video conferencing apps witnessed 62 million downloads between the week that started March 14 and ended March 21, 2020. • According to a research report by Global Market Insights Inc. the global video conferencing market is likely to surpass a valuation of over $50 billion by the end of 2026.

  3. Continue… • In terms of component, the hardware segment is poised to observe significant growth owing to the increasing adoption of the codec in the overall market landscape. Codecs have allowed enterprises to facilitate decoding and encoding of substantial amounts of visual and audio information. Enterprises have shifted from conventional H.261 standard to video conferencing Market codecs that are more advanced, like H.264, VP8/9, and RTV. • With reference to the type, the room-based system is likely to gain substantial industry share over the coming years. Due to the current global situation, traditional video conferencing rooms are swiftly being replaced by smaller and huddle spaces. Essentially, huddle rooms can be defined as smaller conference workplaces and areas that are capable of accommodating approximately six participants at once. • The implementation of video conferencing technology in such huddle rooms is ascribed to the ongoing transformation of the workplace and the increasing use of software-based communications. These huddle rooms are equipped with audio, video, and display technologies that are of high-quality, which subsequently facilitates a productive work environment for the employees.

  4. Browse Full Market Research Report @ https://bit.ly/2BtR7v6 Request for a Sample of this Research report @ https://bit.ly/3gKQei1

  5. Growth Drivers • Growing demand for unified communication in the U.S. and Europe • Increasing trend of work from home and online learning globally • Demand for high-speed communication infrastructure in Asia Pacific • Increasing trend for cloud applications in Latin America • Rising need to reduce communication cost among organizations

  6. Continue… • The global video conferencing market is also inclusive of players such as Vbrick, uStudio Inc., Vidyo Inc., Premiere Global Services Inc., Pexip, ReadyTalk, Highfive, Lifesize Inc., Polycom Inc., MediaPlatform, Microsoft Corporation, LogMeIn Inc., Google Inc., KOLLECTIVE, Cisco Systems, Inc., and Adobe Systems Inc., among others.

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