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Stock impact report

Global Video Conferencing Market 2024-2028 - Market Forecasted to Surge at a CAGR of 11.9% from 2023-2028 [Yahoo! Finance]

8x8 Inc (EGHT) 
Last 8x8 inc earnings: 2/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.8x8.com
Company Research Source: Yahoo! Finance
The video conferencing market is forecasted to grow by USD 7.44 billion during 2023-2028, accelerating at a CAGR of 11.9% during the forecast period. The market is driven by increasing globalization and the need for cross-border communication, proliferation of mobile devices enables on-the-go video conferencing, and cost-savings offered by video conferencing when compared to in-person meetings. This study identifies the increasing adoption of AI-driven features in video conferencing as one of the prime reasons driving the video conferencing market growth during the next few years. Also, integration of AR and VR technologies for immersive virtual meetings and training sessions and adoption of cloud-based video conferencing platforms will lead to sizable demand in the market. The report on the video conferencing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report Show less Read more
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