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Emerging Trends in Virtual Communication Market Expected to Reach USD 10.55 Billion Share By 2026: Global Research by Facts & Factors

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New York, NY, Sept. 29, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Virtual Communication Market By Application (Audio Conferencing, Video Conferencing, Web Conferencing, and Multimedia Conferencing), By Deployment Type (On-Premise, and Cloud-Based), By Component (Hardware, and Software), By End-User (BFSI, IT & Telecommunications, Healthcare, Education, and Others), By Organization Size (SME’s, and Large Scale Enterprise), By Services (Integration and Implementation, Training and Education, Support and Maintenance, Managed Services): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” in its research database

“According to the latest research study, the demand of global Virtual Communication Market size & share expected to reach to USD 10.55 Billion by 2026 from USD 7.50 Billion in 2020, at a compound annual growth rate (CAGR) of 5.85% during the forecast period 2021 to 2026”

Global Virtual Communication Market: Overview

Communication is one of the most important aspects of any company. Although face-to-face contact is one of the most prevalent types of communication, finding a common time for stakeholders to meet may be too difficult, and planning a meeting in a large organization with outlying offices would necessitate each individual spending time and money on travel. Many organizations have implemented no-travel and work-from-home policies for their staff since COVID-19 began spreading over the world in February 2020.

During times of crisis, virtual communication platforms that provide video and audio conferencing solutions, as well as web conferencing systems, have proven to be beneficial for businesses to hold daily meetings and coordinate with clients, customers, and employees. On May 13, 2020, a major tech business, “Twitter,” declared that it would make its work-from-home policy permanent, even after the pandemic is over. Employees profit from this policy since they save money on their commute and have more flexibility in their work-life balance.

Request Your Free Sample Report of Global Virtual Communication Market @ https://www.fnfresearch.com/sample/virtual-communication-market                                                              

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

  • 2020 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • 205+ Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Industry Major Market Players

  • AT&T Inc.
  • Cisco Systems Inc.
  • Deutsche Telekom AG
  • Ericsson
  • Huawei Technologies Co.Ltd.
  • Intel Corporation
  • Mobile Telesystems
  • Orange S.A.
  • Samsung Electronics Co.Ltd.
  • Verizon Communications Inc.

To know an additional revised list of 2020-2021 top market players, request a sample report: https://www.fnfresearch.com/sample/virtual-communication-market                                  

Key questions answered in this report:

  • What is the projected market size & growth rate of the Virtual Communication Market?
  • What are the key driving factors for the growth of the Virtual Communication Market?
  • What are the top companies operative in Virtual Communication Market?
  • What segments are covered in Virtual Communication Market?
  • How can I get free sample reports/company profiles of the Virtual Communication Market?

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/virtual-communication-market              

Market Dynamics

Video conferencing platforms are primarily used to connect teams in different places in a cost-effective, and real-time mode. Given the rise in popularity of working from home in recent years, having a good video conferencing platform is more important than ever. With most firms now having multiple branch offices, having effective video conferencing technology will make it easier for staff to work from home. Video conferencing is projected to revolutionize how people communicate for business all around the world.
Daily face-to-face interactions were found to be the most effective (93%), followed by audio conference calls (90%), videoconferencing (84%), and group email messages or chat groups (79%), while internal and external social media platforms were listed by 62% and 39%, respectively, in a study. Virtual communication has progressed from an option to a must for conducting business. Workers in numerous sectors employ various virtual communication platforms to conduct their day-to-day conferences, ranging from the virtual estate to automated multi-language data translation to substantial telemedicine booms.

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Global Smart Mobility Market: Report Scope

Report Attribute Details
Market Size 2020 Value USD 7.50 Billion
Market Forecast for 2026 USD 10.55 Billion
Expected CAGR Growth CAGR 5.85% from 2021-2026
Base Year 2020
Forecast Year 2021-2026
Top Market Players AT&T, Inc., Cisco Systems, Inc., Deutsche Telekom AG, Ericsson, Huawei Technologies Co., Ltd., Intel Corporation and Others
Segments Covered Applications, Deployment Type, Components, End-Users, Organization Size, Services, and Region
Geographies Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Pricing Options Request customized purchase options to meet your research needs. Explore purchase options

Technological Advancements has accelerated the demand

Businesses and workers should expect smarter and more advanced multimedia as the global virtual communication market grows. Micro-LED displays, which are wide and high-quality, have become the favorite option in the worldwide workforce. These technological advancements allow hardware and software vendors to link and give users “room” functionality in their desktop and mobile applications, sometimes known as room apps. Consumers can use a room application to have video conferences, reducing the effort and time required to set up a conference room system. The emergence of new technologies such as machine learning, artificial intelligence, the Internet of Things, and others has had a significant impact on video conferencing adoption. Apple, Google, and Microsoft, for example, have witnessed advanced usage of virtual communication technologies as well as a number of new innovations in the brand application.

Global Virtual Communication Market: Segmentation

The study provides a decisive view of the global virtual communication market by segmenting it based on application, deployment type, component, end-user, organization size, services, and geographic regions. The application segment is categorized into Audio Conferencing, Video Conferencing, Web Conferencing, and Multimedia Conferencing. On-Premise and Cloud-Based types are the deployment type of the global virtual communication market. To offer better target customer analysis, our analyst further bifurcates components segment into hardware and software.

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Growth in Urbanization has accelerated the demand

Because of the population increase, urbanization is a primary long-term driver of the smart mobility market. The average density of metropolitan regions grows as the population grows. By 2030, metropolitan areas are predicted to grow by roughly 30%. As a result, demand for mobility is likely to rise. If passenger miles traveled per person remains constant in comparison to today and the GDP growth of car ownership remains consistent with historical records, these two factors will ensure the double number of mobility demands. By 2050, the majority of the world’s population is predicted to live in cities, resulting in increased demand for the mobility sector.

Global Virtual Communication Market: Regional Analysis

Based on regions, the global virtual communication market can be divided into five main regions namely North America, Europe, Asia Pacific, Latin America, and The Middle East and Africa.

The United States of America is a pioneering country in the information and technology sector. Between 2019 – 2020 it was reported the total number of internet users was raised by 1.8 million. In January 2020 it was reported the internet penetration market of The United States of America had reached 87% with a 288.1 million total number of active internet users. North America is expected to be the largest market in the virtual communication sector owing to its high level of adoption of virtual communication platforms over the last decade due to the availability of highly sophisticated network infrastructure in the region.

Browse the full report “Virtual Communication Market By Application (Audio Conferencing, Video Conferencing, Web Conferencing, and Multimedia Conferencing), By Deployment Type (On-Premise, and Cloud-Based), By Component (Hardware, and Software), By End-User (BFSI, IT & Telecommunications, Healthcare, Education, and Others), By Organization Size (SME’s, and Large Scale Enterprise), By Services (Integration and Implementation, Training and Education, Support and Maintenance, Managed Services): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/virtual-communication-market

The global virtual communication market is segmented into:

Global Virtual Communication Market: By Application

  • Audio Conferencing
  • Video Conferencing
  • Web Conferencing
  • Multimedia Conferencing

Global Virtual Communication Market: By Deployment Type

  • On-Premise
  • Cloud-Based

Global Virtual Communication Market: By Component

  • Hardware
  • Software

Global Virtual Communication Market: By End-User

  • BFSI
  • IT & Telecommunications
  • Healthcare
  • Education
  • Others

Global Virtual Communication Market: By Organization Size

  • SME’s
  • Large Scale Enterprise

Global Virtual Communication Market: By Services

  • Integration and Implementation
  • Training and Education
  • Support and Maintenance
  • Managed Services

For media inquiry, mail to: [email protected]

About Facts & Factors (FnF Research):

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence

Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence

IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-gateway-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/iot-gateway.asp
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