Rising Demand For Cloud-Based Video Conferencing Services, Study Says
March 31, 2015
Grazed from TalkinCloud. Author: Dan Kobialka.
Cloud-based video conferencing services are becoming more popular worldwide, according to a new Global Industry Analysts (GIA) report. And as a result, the cloud-based video conferencing services market could be worth $2.9 billion by 2020. In addition, GIA found that the increasing use of video conferencing in the government, healthcare and education sectors could drive the cloud-based video conferencing services market’s growth over the next few years.
Other report results included:
- The United States is the largest market for cloud-based video conferencing services. However, the Asia-Pacific region is expected to be the fastest-growing market with a compound annual growth rate (CAGR) of 13.5 percent through 2020.
- Key market players include Applied Global Technologies, Blue Jeans Network, BT Conferencing, Level 3 Communications (LVLT) and NTT Communications.
- The rising demand for enterprise mobility and the ensuing increase in the number of mobile workers could lead many businesses to pursue cloud-based video conferencing services…
Read more from the source @ http://talkincloud.com/cloud-computing-vertical-markets/rising-demand-cloud-based-video-conferencing-services-study-says