Frost & Sullivan releases the '2020 Global Video Conference Market research report'

Frost & Sullivan has conducted market trend insights and vendor competitiveness analysis of the Chinese video conferencing industry for 2020, and hereby publishes the 'Global Video Conference Market Research Report'. The report aims to analyze the current development status, industry characteristics, market size, driving factors, and development trends of the global video conference market, focusing on the evaluation of global video conferencing vendor competitiveness. In 2020, the market size of China's video conferencing industry reached $13.92 billion. Among them, the terminal and infrastructure market amounted to $2.49 billion; the cloud conferencing and team collaboration application market reached $11.43 billion. In addition, Frost & Sullivan predicts that due to globalization, technological progress, and the normalization of the COVID-19 pandemic, the global video conference market size will reach $24.64 billion by 2025.