Video Conferencing Boom Creating $90 Billion Opportunity

With the pandemic showing no signs of slowing, video conferencing has become the “go to” and most vital part of life for millions working and schooling from home. In fact, Reuters, “Video-conferencing platforms, once used mostly as a technological substitute for in-person meetings, became a vital part of day-to-day life this year for people stuck at home under coronavirus restrictions, be it for work, school or socializing.”

There’s so much demand, Grandview Research says the global market is worth $90 billion at the moment, and could reach $400 billion by 2027.  Global Market Insights added that, “With the ongoing coronavirus pandemic and disruptions in large gatherings, demand for remote training is increasing, eventually driving the video conferencing market demand,” as reported by Global Market Insights.