Global Video Conferencing Market Trends and Forecast 2014 - 2020

The global video conferencing market was valued at US$ 3.31 Bn and is expected to reach US$ 6.40 Bn by 2020, growing at a CAGR of 9.36% during the forecast period 2014 to 2020.

Video conferencing solutions are widely accepted in the global corporate enterprises segment owing to significant benefits such as operational efficiency and cost reduction. With the increasing need to lower operating costs and travelling expenditure in government operations, there has been an increase in adoption of video conferencing solutions in the public sector. In addition, increasing applications in the defense sector have led to the growth of this market. Rising expenditure in telemedicine and applications such as remote patient monitoring, diagnosis and tele-consutation have led to the rising popularity of video conferencing solutions in the healthcare industry. Other applications including distance learning and web-seminars are expected to drive the growth of the video conferencing market in the education sector. Video conferencing solutions have also found usage in the media and entertainment industry for broadcasting special interactive events.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-video-conferencing-market-trends-and-forecast-2014---2020-300045321.html

SOURCE Research and Markets

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