Global Video Conferencing Market to Expand at 8.50% CAGR From 2015 to 2023 Owing to Globalization of Enterprises

Transparency Market Research has published a new report on the global video conferencing market. As per the report, the global video conferencing market is predicted to progress from US$3.7 bn in 2014 to US$7.8 bn by 2023. The report, titled ‘Video Conferencing Market Industry – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,’ states that the global video conferencing market is expected to expand at an 8.50% CAGR during the period from 2015 to 2023 due to factors such as the increasing demand for scalable communication methods and the rising globalization of business organizations.

 

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