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Impact of COVID-19 on Video Conferencing Market - Cheena Shekhawat - ContactCenterWorld.com Blog

Impact of COVID-19 on Video Conferencing Market

The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. However, the small scale and medium scale enterprises also play a critical role in driving industrialization. The developed and developing countries have been continuously witnessing an increase in the number of small and medium enterprises (SMEs) over the past couple of years.  To ensure business continuity during this crisis, these organizations must have robust, easy-to-use communication tools that enable remote work and learning. Video conferencing and group chat are coming to the rescue.

 
Video conferencing is a live video-based platform made for conducting meetings between two or more individuals in distinct locations through a video-enabled device. It allows several individuals to meet and collaborate face to face through long distance meeting by transmitting video, audio, text, and presentations in real time via internet. 
 
As the SMEs across the globe are establishing multiple offices to enhance the productivity and profit year-on-year,the deployment of video conferencing tools is surging rapidly among the SMEs, with an objective to interact with remotely or disparately located teams. The rising demand for virtual video meeting solutions is boosting the growth of the video conferencing market.
 
However, the outbreak of the coronavirus has impacted the video conferencing market positively. The ban on travel has limited the reach of the enterprises in the foreign market, which in turn, has increased the adoption of video conferencing software.  Companies are adopting an innovative recruitment process at such time by engaging video conferences. The government, on the other hand, is using video conferencing software to connect with doctors and administrative people of their region and also of other countries. 
 
The global Video Conferencing market is segregated on the basis of Application as Government, Healthcare, Others, Corporate Enterprise, and Education. Based on Type the global Video Conferencing market is segmented in Telepresence, Desktop, and Room-based. Based on Component the global Video Conferencing market is segmented in Software, Hardware, and Services.
 
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Publish Date: May 26, 2020 1:31 PM

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