San Francisco, California, March 27, 2018: The stupendous rise of virtual get-togethers and globalization has fuelled the demand for video conferencing. The technology permits endless correspondence over long distance, which is indispensable for today’s globalized marketplace. In a report, titled “Video Conferencing Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” TMR Research provides an executive-level blueprint of various opportunities and key threats existing in the market. It is intended at enabling stakeholders get a better clarity on the trends prevailing in the global video conferencing market.
In the last couple of years, video conferencing has emerged as one of the key collaboration tools. With organizations finding it as a new and an efficient medium of collaborating with clients and partners, the demand for video conferencing is poised to surge further in the coming years. Moreover, the technology spares travelling cost, which is a key factor driving its market. Furthermore, a shift towards cloud-based operations has created lucrative prospects for the market. Video conferencing is an affordable technology that allows companies to consolidate their data and security needs using cloud technology. Other than this, the soaring popularity of bring your own device (BYOD) trend will enable the global video conferencing market exhibit strong growth in the coming years.
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Exhibiting highly lucrative prospects, North America emerged as an important market for video conferencing in 2016. The region also enjoys an early adopter advantage, which has helped it emerge at the fore of the global market.
The report has identified Cisco Systems Inc., as a pioneer in the global video conferencing market. Besides this, West Unified Communications Services, pioneer in the global video conferencing market. Besides this, Huawei Technologies Co. Ltd., Polycom Inc., ZTE Corporation, and Adobe Systems Incorporated are some of the organizations enjoying a strong presence in the global video conferencing market.