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Work-from-Home Model Driving Usage of Web Conferencing Solutions

Enterprises across the globe are using web conferencing solutions and services as they are shifting toward the remote working policy, to reduce operational expenditure (OPEX) and enhance productivity. According to a 2020 study by the Harvard Business School, people are spending 9% more time on externally focused work and 12% less time managing through meetings, thus becoming more productive. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/web-conferencing-market-report/report-sample

Another study has shown that remotely working employees can work an additional 1.4 days per month than employees working from an office, which accounts for around 17 additional workdays in a year. Moreover, the lockdown due to the COVID-19 pandemic has increased the number of remote employees, because of which several companies are adopting web conferencing solutions to ensure business continuity. 


Such solutions enable a company to conduct meetings through video feed and instant messaging from anywhere at any time, to enhance team collaboration. According to P&S Intelligence, these factors will lead to a rise in the web conferencing market size from $2,109.3 million in 2019 to $78,547.9 million in 2030, at an explosive CAGR of 39.3% during 2020–2030.Business organizations use web conferencing for messaging and file sharing, video calling and conference, and voice calling and conference.

The adoption of these solutions has increased significantly in recent years to amplify collaboration and improve communication. Further, with the rising implementation of the work-from-home (WFH) model, companies are using web conferencing to channelize collaboration among several departments. With the ongoing pandemic, the demand for these solutions will increase manifold.

This market research report provides a comprehensive overview of the web conferencing market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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