The global Video Conferencing Devices market is set to hit marks of $7.71 billion by 2025, driven by the revival of the products due to the prolonged lockdown. The growth of these devices has been driven by the excess of remote work being performed by individuals. And the involvement of the huddle rooms has helped a lot in gaining dominance in the markets. A further bolstering of revenue opportunities by many video vendors could be done by understanding the markets early and making the move subsequently.
The year 2021 marks the revival of meeting rooms that inculcate more demand for video conferencing devices across the world. State of the Global Video Conferencing Devices Market, Forecast to 2025, find that by 2025 the number of Video Conferencing Devices will substantially increase, including room-based endpoints, USB room devices, and satellite communication devices. The production of these devices will be six times high than what it is today and will see its revenue surge to $7.71 billion by 2025.
“Today, a growing array of device types and flexible deployment models are allowing end-users greater choice for video conferencing at home, at the office, and on the go,” said Roopam Jain, Senior Director at Frost & Sullivan’s Connected Work Practice.
With the current behavioral habits, the office spaces would need to redesign with more meeting rooms. Office spaces will get optimized and reconstructed to build more collaborative spaces to accustom a frequent, ad-hoc culture between the on-site and the remote working. Jain further added that the video conferencing devices market is set to outshine any other industry for the next five years as it projects the trajectory to ensemble staggering heights. The project will be driven by the acquisition of video conferencing in small spaces, huddles rooms, and classrooms.