Video Conferencing Market Top Vendor Analysis, Challenges, Geographical analysis

The report titled ‘Global Video Conferencing Market Research Report’ is based on the comprehensive analysis undertaken by the analysts and contains thorough insights about the global market sphere. Detailed study of the business landscape, alongside the essential parameters shaping the commercialization matrix of the market is included.
In April 2020, the UK’s Office for National Statistics (ONS) reported that nearly 50% of the workforce across the country is expected to work remotely in the upcoming years. European countries have witnessed one of the highest numbers of coronavirus cases in the world. With nationwide lockdowns in many of these countries, people have been encouraged to work from home, which has resulted in a rapid upsurge in the use of online collaboration tools and conferencing platforms.
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Over the past several years, the healthcare sector has emerged to become a major adopter of video conferencing market solutions. With a rising occurrence of chronic diseases, a large geriatric population, and financial constraints in many regions has led to the adoption of telemedicine. Teleconsulting solutions enable healthcare service providers to reach out and serve a greater number of patients remotely.
Video conferencing market technologies enable remote treatment of patients and improve the collaboration between healthcare professionals, patients, students, and other affiliated parties. The American Hospital Association revealed in February 2019 that 76% of hospitals in the U.S. connect with patients through other technologies.
Video conferencing market solutions are rapidly gaining popularity in room-based systems. Conventional online meeting rooms are increasingly being replaced by huddle rooms and smaller spaces. Huddle rooms are basically smaller conference workplaces and areas that can usually accommodate up to six participants.
Rapid digital transformation at the workplace and growing use of software-based communications has led to a greater adoption of industry in huddle rooms. These small rooms are typically equipped with video, audio, and display technologies to provide staff with a productive working environment.
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Europe is likely to emerge as a key market for video conferencing market technologies, mainly on account of a well-established internet infrastructure in the region. Europe has one of the fastest broadband connections in the world, led by Denmark, Luxembourg, and Sweden, with an average speed of more than 40.1 Mbps. Favorable initiatives by the European Commission, including the Europe 2020 strategy to develop an ultra-fast broadband infrastructure and support smart and sustainable growth of the region will boost the adoption of video conferencing market solutions.
Regional manufacturers are looking to implement advanced technologies such as 3D, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) to make remote business operations and team collaborations more convenient and efficient.
Key players operating in the video conferencing market include Google Inc., Adobe Systems Inc., Avaya Inc., BlueJeans Network, Cisco Systems Inc., LogMeIn Inc., Citrix Systems, Inc., Fuze Inc., Highfive, Microsoft Corporation, Premiere Global Services Inc., Huawei Technologies Co., Ltd., KOLLECTIVE, Lifesize Inc., MediaPlatform
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