Video Conferencing Market to Grow at 10% CAGR to 2024: Key Players Are Adobe Systems, Avaya, BlueJeans Network, Huawei Technologies
The hardware accounted for over 50% of the video conferencing market in 2017. Hardware market includes the Multipoint Control Unit (MCU), codecs, and peripheral devices. The market growth is credited to the high adoption of MCUs among enterprises due to the increasing need for high interoperable video conferencing systems. It coordinates media stream processing parameters between multiple endpoints. On the other hand, the software market is anticipated to grow at a CAGR of 14% over the projected time frame. The...
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