World News: 09:25 GMT Tuesday 3rd December 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering
Global Video Conferencing Market with Focus on VCaaS and Huddle Room Market: Size, Trends and Forecasts (2019-2023), provides an in-depth analysis of the global video conferencing market by value, by deployment type, by meeting room, etc.
VCaaS technology is delivered from the cloud, and allows multiple participants to meet face-to-face through instant HD video without any major investment in hardware, infrastructure, and network. The use of VCaaS is to conduct meetings, webinars and training.
Huddle room is a small meeting space and conference area, replacing specialized VC gear with low-cost video camera, LCD screen and digital whiteboard hardware. A typical huddle room accommodates up to 4-6 people.
The global video conferencing market has increased at a significant CAGR during the years 2015-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The video conferencing market with focus on VCaaS and huddle room is expected to increase due to rise in the number of mobile workers, integration of huddle room with video, increase in access to high quality internet connection, growing millennials' comfort with VCaaS technology, surging bring your own device (BYOD) trend in organizations, etc. Yet the market faces some challenges such as security issues, use of pirated video conferencing software, etc.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global video conferencing market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global video conferencing market with a focus on VCaaS and huddle room is dominated by a few major market players operating worldwide. The vendors of video conferencing provide conferencing solutions with different features and for different applications.
Further, key players of the video conferencing market with a focus on VCaaS and huddle room are Cisco Systems, Inc., Microsoft Corporation, LogMeIn, Inc., Zoom Video Communications, Inc. are also profiled with their financial information and respective business strategies.
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Globe Newswire: 09:25 GMT Tuesday 3rd December 2019
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