Top Players List:
West Unified Communications Services
Adobe Systems Incorporated
The integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2021-2028. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Google Duo’s Advanced Cloud-based Services Offer Increasingly User-friendly Solutions
Arkadin Cloud Communications, Adobe Systems Incorporated, Logitech International S.A., JOYCE CR, Orange Business Services, Microsoft Corporation, ZTE Corporation, West Unified Communications Services, and Vidyo, Inc. are some of the leading players operating on the global video conferencing market. Companies are planning to focus on acquisitions, partnerships, and new product launches to stay industry-focussed and broaden their portfolio. For instance, West Unified Communication Services announces the acquisition in 2021 with Flowroute. The aim of this strategic decision was to expand the formers diverse network, especially in APAC. Some of the significant mergers and acquisitions (MandA) in the video conferencing market are listed below:
Google Duo implemented cloud-based solutions in its different applications in April 2021. This implementation enables users to send and store audio and video messages up to 30 seconds long.
Cisco announced the acquisition of Assemblage Entertainment Pvt. Ltd. in March 2021. The aim of this acquisition was to adopt VaaS in video conferencing apps and strengthen the video conference market.
8X8 acquired Jitsi video communications technology in Oct 2021 to extend its 8x8’s cloud technology platform and improve the company’s video collaboration capabilities.
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Major Table of Content for Video Conferencing Market:
Key Market Insights and Analysis, By Segments
Global Video Conferencing Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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