Published on : May 18, 2021
Albany, New York, May 18, 2021: Outbreak of COVID-19 has resulted in social distancing among people. As a result, demand for remote training is increasing by each passing day. This, in turn, is fuelling demand for video conferencing market. Several global enterprises such as Apple Inc., Microsoft Corporation, Amazon, Google LLC, and Hitachi Ltd. among others have announced mandatory work-from-home policies in order to mitigate spread of COVID-19.
Rapid spread of virus has impelled application of video conferencing software for the purpose of education, business, and travel.
The newly added report “Covid-19 Impact on Global Cloud Video Conferencing Market Size, Status and Forecast 2020-2026” in RMoz repository provides insights about various factors contributing to growth of the market. It also presents information about several challenges and restraining factors that may limit the growth of the Covid-19 impact on global cloud video conferencing market during the forecast period.
The report consists of 97 pages, each page depicting different aspects of the market growth. In addition, the analysts have used graphs and statistics to present the information in pictorial form.
The market analysts have done in-depth research to provide details of the drivers and trends shaping the market. They have also visited several enterprises, stakeholders, and other key operators of the global cloud video conferencing market to get an idea of possible growth rate in coming years.
Video conferencing allows meeting between two or more individuals using a video-enabled device. Lately, the enterprises have been launching video conferencing application with distinct features such as audio, text, and presentations in real time using internet. These new features have been providing new opportunities for growth of the makret players. The business are observing a broad array of advantages as enterprises are substituting audio or web conferencing contracts from a modern cloud-based video conferencing solutions.
Through video conferencing solutions players such as zoom and WebEx, is aiding to enhance team communications and collaborations while improving employee engagement and reducing operation costs at the same time. These advanced features are boosting the adoption rate. As a result, Covid-19 impact on global cloud video conferencing market is resulting in wide adoption rate of the conferencing app.
Education Segment Holds Prominent Position in Market
Education application accounts for more prominent share in the global cloud video conferencing market. Growing evolution in the education sector has been resulting in the growing demand for new curriculum standards across the globe. Universities, community colleges, and schools are enormously investing for high quality of HD video collaboration for engagement enhancement between educators and students. The trend of distance learning programs among students for gaining knowledge has resulted in the growing demand for high-definition and affordable solution.
COVID-19 Boosts Adoption of Online Learning Software
Video conferencing platforms such as Cisco WebEx, Google Hangouts, and Adobe Connect are providing customized solutions for students with customized e-learning requirement and budget. The outburst of COVID-19 pandemic has, further, impelled educational institutions to adopt e-learning.
This, in turn, has been resulting in expansion of the global cloud video conferencing market.
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As per the UNESCO, in March 2020, over 1.2 billion students in 186 countries were impacted by school closures due to the pandemic. Video conferencing applications along with online learning software and virtual tutoring have been witnessing prominent demand rate since the outbreak of COVID-19.
Some of the key players operating in the global video conferencing market are Ready Talk, Microsoft Corporation, BlueJeans Network Inc., Premiere Global Services Inc., Adobe Systems Inc., Media Platform Inc., Avaya Inc., Zoom Video Communication Inc., u Studio Inc., and Cisco Systems Inc.