Video Conferencing Market Size, Share, Growth Analysis, By Component(Hardware, Solution, Services), By Hardware(Multi Point Control Unit, Hard Codec, Peripheral Devices), By Deployment(On-premises, Cloud), By Application(Corporate Communications, Training, Development, Marketing), By Region - Industry Forecast 2024-2031

Video Conferencing Market Driver

• Implementation of Video Conferencing across Educational Institutions

Institutions, schools, universities, and K-12 have implemented conferencing solutions to replace traditional classrooms with distance learning. As a result of the pandemic, educational institutions are collaborating with video communication services to expand remote learning. As a result, educational institutions are implementing software to provide students with an efficient learning experience. Additionally, software such as Adobe, Microsoft Office, and others make it possible for users to access online classes from their personal smart devices. It also enables administrators to share displays, papers, and files with their students while teaching. Furthermore, such initiatives will propel the global video conferencing market growth.

Video Conferencing Market Restraint

• Rising Security Concerns

The security and privacy of the video content shared across various platforms can present major concerns for companies. Furthermore, organizations are concerned about copyright and Digital Rights Management (DRM) due to the risk of misappropriation, information leakage, and data breaches. In 2019, the healthcare, finance, manufacturing, information, and public sectors experienced the highest number of data breaches. To overcome such constraints, organizations must restructure their Video Conferencing strategy before using these solutions. In the lack of policies and procedures for the correct handling of video content, the adoption of Video Conferencing solutions may be slow. Furthermore, suppliers must provide interoperable and simple-to-use enterprise-grade video communication solutions with built-in security features.