Description

Software and cloud-centric solutions have driven the video conferencing industry to morph significantly. Companies that have innovated at a fast pace are growing while others are becoming less and less relevant. As video conferencing becomes an integral part of the digital transformation strategy, the user demand continues to expand. In 2017, unit shipments grew by 12.4 percent, the highest in 3 years. Revenue for video conferencing endpoints grew at 4.9 percent. The market is seeing significant technology evolution presenting unprecedented growth opportunities. This report provides an update on market sizing, trends, forecasts, prices and market shares and offers an in-depth perspective on the dynamics of a changing market.