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Web Conferencing Market to Come Out Stronger in the Next 10 Years

The global web conferencing market attained a valuation of $2,109.3 million in 2019 and is predicted to generate a revenue of $78,547.9 million by 2030. According to the forecast of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 39.3% between 2020 and 2030.

The factors fueling the progress of the market are the surging utilization of web conferencing solutions these days because of the ongoing COVID-19 pandemic. Besides the above-mentioned factor, the rising adoption of the remote working policy by companies is also propelling the advancement of the web conferencing market across the world.



Currently, various organizations are re-thinking their operational strategies and devising methods for improving their productivity and reducing their operational expenditure. As per various surveys and reports, the employees who are working remotely can work 1.4 days more per month than the ones working from office.

When enterprise is taken into consideration, the web conferencing market is classified into small and medium enterprises (SMEs) and large enterprises. Between these, the SMEs category is predicted to exhibit faster growth in the market in the future. This will be because these companies are making huge investments in web conferencing solutions, as these solutions help them reduce their operational costs significantly.

Moreover, these solutions allow businesses to hold virtual meetings with clients, which, in turn, eliminates the traveling costs. This market research report provides a comprehensive overview of the 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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