""Enterprise Video Conferencing""
This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies
Global Enterprise Video Conferencing Market Overview
The culture of business and environment has been dramatically changed in the past few years. Presence of digitization and visual data sharing technology changes the business and shaping it in a new a way to achieve desired goals. Today the world is heading towards globalization,�multinational enterprises are shifting towards video conferences and meetings in order to obtain effective results and decisions from off-shore branches. These factors flourish the culture of the business which helps to enhance the productivity of the business.
The video conferencing solutions help the organizations to achieve the desired goals by discussing the strategies and providing trainings over video conferences to enhance the business output. And, the enterprise video conferencing market has grown up significantly due to introduction of web-based technology with fewer complications by the IT sector. These factors will help the enterprise to expand and operate their business efficiently from the remote locations.
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Market size and forecast
The global enterprise video conferencing market is expected to reach USD 7.94 Billion by 2023 from USD 3.85 Billion in 2015 and it is expected to expand at a CAGR of 7.44%% over the forecast period i.e. 2015-2023. Rising adoption of video conferencing facilities in healthcare and education sectors across the globe has strengthened the demand for enterprise video conferencing.
The North-America market accounted for the largest revenue share of 38.14% in 2014 in overall enterprise video conferencing market across the globe and it is expected to maintain its dominance in the near future. Rising adoption of video conferencing facilities in corporate enterprises are expected to drive the market of enterprise video conferencing across North-America in near future.
Further, market of enterprise video conferencing is expected to register a CAGR of 9.2% in the Asia-Pacific region during the forecast period i.e. 2015-2023. Moreover, expansion of business by national and multinational organizations in developing countries of Asia-Pacific region such as India are likely to improve facilities of video conferencing in order to carry out off-shore meetings in Asia Pacific region. Whereas, presence of huge economic and IT sector in China which have latest and updated technology are likely to impact positively on the growth of enterprise video conferencing market over the forecast period of 2015-2023.
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