![]() Organizations and corporations are adopting video collaboration solutions with the aim to make faster decisions and avoid high costs associated with traveling. Furthermore, the growing need for video communication, virtual workforce management, and cloud-based collaboration platform are some of the major factors impacting market growth. ![]() ![]() The integration of developed technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud technology is expected to drive market growth in the near future. Video conferencing sessions are real-time visual sessions between one or more participants. The market is projected to grow from USD 7.76 billion in 2023 to USD 17.05 billion by 2030, exhibiting a CAGR of 11.9% during the forecast period. The global video conferencing market size was valued at USD 7.02 billion in 2022.
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