Video Conferencing Market Scope, Analysis, and Trends by 2031
Video Conferencing Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 8.20 billion |
Market Size by 2031 | US$ 19.17 billion |
Global CAGR (2024 - 2031) | 11.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Video Conferencing Market News and Recent Developments
The video conferencing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In March 2024, Google Meet introduced a cutting-edge portrait touch-up feature designed specifically for virtual meetings. This innovative feature offers users the ability to enhance their appearance with 'Subtle touch-up' and 'Smoothing' settings, ensuring a professional and polished look. By instilling confidence in users, this feature contributes to a seamless and professional online meeting experience. It is accessible to Business Standard, Education Plus, and Google Workspace Individual users, empowering them to present themselves in the best possible light during virtual interactions.
(Source: Google, Press Release, 2024)
Video Conferencing Market Report Coverage and Deliverables
The "Video Conferencing Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles