Driven by growing uptake of cloud services and remote collaboration, the global video conferencing market is on a fast growth trajectory and is expected to grow by a CAGR of 12.5 % a year to reach almost $20 billion by 2030, according to Grand View Research.
► Increasing cloud and VCaaS adoption are predicted
► Education and telehealth will both see strong growth
The firm said that remote working has been and will continue to be a key factor. Uptake in education will be an important factor here. The report also mentioned telehealth as a growth area – predicted to be worth £$114 million by 2028.
Strong growth potential for video-conferencing as a service (VCaaS) options and the use of machine learning and AI in conferencing systems is also expected to be an important trend.
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