Report Code: A09918 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Business collaboration and communication are evolving with growth in technologies. Workers across the globe are working remotely through virtual world. This provides a strong demand for video conferencing solutions attributable to the benefits such as simple and instant connected experience from office to home. This solution offers benefits, such as reduced cost, simpler management, and usability, to organizations.
Cloud-based video conferencing is similar to traditional video conferencing solutions, which is deployed with the same purpose and expected outcomes. However, the key differences are video capabilities are cloud-based video conferencing is hosted on cloud with less servers and in-house maintenance. It helps the organization get instant access with high-quality calls that can be issued from a range of different devices, anywhere with internet connection.
COVID-19 scenario analysis:
Ability of cloud video conferencing services to provide different features, such as security, interoperability, ease of use, and automatic updates, majorly drives the growth of the cloud video conferencing market. In addition, growth in demand for unified solutions, increase in adoption of cloud computing, rise in need for reduced cost of communication, and major shift toward cloud applications, further fuel the growth of the market. However, factors, such as technical glitches, low quality video/audio, security concern, and unrealized ROI due to insufficient use, restraint the growth of the market. Furthermore, growth in adoption of these services among organizations to enhance collaboration and interaction within geographically dispersed teams provides opportunities for the market.
Easy management:
With the evolution of technology, multiple enterprises are adopting and migrating toward cloud computing as their core service provider. Cloud computing reduces the need to build microcontroller unit, which further helps to reduce the infrastructure cost. In addition, cloud computing offers enhanced network structure; therefore, large-scale transformation of the network is avoided. Cloud computing also consists of features which are required to deploy or create any application so that organizations avoid any investments on equipping the IT staff or to rent any devices required for conference calls such as multi-party video communication in conference room, personal computer, and mobile. Moreover, all these services are automatically available through the cloud service providers, thereby reducing the overall operational cost and driving the growth of the cloud video conferencing market.
One of the common problems faced by the user is technical glitches while streaming the video, which requires IT support. This consumes a lot of time from the user and the organization’s end. As video conference is in real-time, if that’s lost, it will be a loss of organizational operational time and data, thus limiting the growth of the cloud video conferencing market.
Large enterprises witness the benefits and the growth of the cloud video conferencing market, and are in the process to launch highly productive cloud video conferencing products. Sangoma Technologies Corp, one of the top leading communication as a service provider for business, has recently announced its new video conferencing and collaboration “service Sangoma Meet”. It is designed to provide enhanced work from home or collaboration experience. It features multi-party, desktop sharing features. In addition, Yealink Inc., one of the key players of this market, has also launched new cloud-based video solutions. Yealink Meeting is a platform designed to support collaboration in the modern landscape. These collaboration and product launches are expected to provide lucrative opportunities for the cloud video conferencing market.
Key benefits of the report:
Cloud Video Conferencing Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
---|---|
By Region |
|
By Type |
|
By End User |
|
Key Market Players | Vidyo, Polycom, Avaya, Videxio, Blue Jeans Network, Huawei Investment and Holdings, LifeSize Communications, StarLeaf, Cisco Systems, Fuze |
Loading Table Of Content...
Start reading.
This Report and over 71,229+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers