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Video Conferencing Market Pegged at More than US$21 Bn by 2026 End: Fairfield Market Research

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London, Nov. 01, 2022 (GLOBE NEWSWIRE) — Video conferencing technology witnessed a sudden shift from being a supportive communication tool to becoming one of the prime necessities for remote communication amid the global pandemic situation during COVID-19 outbreak. A new study of Fairfield Market Research tracks the performance of global video conferencing market and provides detailed forecast of the same analysed during 2021 – 2026. The market that attained the revenue of around US$9.7 Bn in the year 2021 is all set to reach nearly US$21.1 Bn toward the end of 2026, suggests the report. Unwavering growth in demand for corporate, educational, and teleconsultation communication is expected to primarily drive the growth of video conferencing market. In addition to rapid spread of 4G, and 5G technologies, video conferencing market is likely to gain significantly from the brisk pace of expansion of telemedicine over the recent past. Increasing perception about video conferencing as an intelligent tool for modern businesses will drive the growth of video conferencing market throughout the period of assessment. However, the expensive initial deployment costs, and the prevalent security concerns will continue to restrict market growth to a significant extent, says the report.

Get the Sample Copy of Report at: https://www.fairfieldmarketresearch.com/report/video-conferencing-market/request-sample

Key Research Insights

  • Between 2021 and 2026, global video conferencing market is poised for 16.6% growth and the revenue will more than double
  • Demand remains strongest in corporate communications that contributed nearly US$3.8 Bn to the total market revenue in 2019, followed by that in training and development
  • With over 58% market value share, on-premises deployment remains preferred

Insights into Segmental Analysis

Demand for video conferencing solutions will remain bullish throughout the forecast period and the report foresees continued lead of the hardware segment. This dominance is clearly attributable to the urgency building a remote and hybrid workforce involving a host of endpoints like laptops, desktops, and smartphones. Individual hardware products continue to surge ahead when compared with their enterprise counterpart, says the report. In terms of the size of enterprises, the large corporate segment is expected to remain dominance on account of the naturally higher investments in the market. On the other hand, healthcare industry emerges as the leading consumer segment for video conferencing solutions and services. Advent of technologies like telehealth, and telemedicine are likely to pave the way for the progress of video conferencing market. Soaring popularity of virtual visits, and virtual care delivery systems is projected to uphold the dominance of healthcare industry as a prime end user in global video conferencing market.

Key Report Highlights

  • The rise of smart video conferencing technology that intends to enable more seamless communication for effective discussions will further elevate the growth prospects of video conferencing market in long term
  • Deepening penetration of next-gen technological tools that form the mainstay of smart video conferencing, i.e., Artificial Intelligence (AI), machine learning (ML), Internet of Things (IoT), sentiment analysis, and natural language processing (NLP) warrants rapid progress of the market in the next few years
  • Asia Pacific is poised to demonstrate the strongest growth potential through the end of 2026

Insights into Regional Analysis

Registering an approximate revenue of US$2.9 Bn in 2019, video conferencing market of Asia Pacific will remain at the forefront throughout the period of assessment. The region is showcasing readiness for next-gen technology adoption, especially the key economies, i.e., Japan, South Korea, further followed by Australia, China, Singapore, and India. While the unprecedented expansion of technology workforce across Asia will heavily contribute toward the market growth, the report also highlights brisk expansion of 4G, and 5G network connectivity will predominantly account for the region’s primacy in video conferencing market. Rocketing demand from medical facilities, hospitals, and other similar organisations is estimated to keep the demand afloat across Asia Pacific by 2026 end. The report projects around 18.3% year-over-year growth for Asia Pacific video conferencing market in 2022 over that in 2021.

Key Players in Global Video Conferencing Market

Microsoft Corporation, Google LLC, Cisco Systems, Inc., Adobe Inc., Zoom Video Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A., Avaya Inc., Array Telepresence Inc.

Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/video-conferencing-market/request-customization

REPORT SCOPE

Report Attributes Details
Base Year 2020  
Forecast Year 2021 – 2026
Market Size in 2021 US$9.7 Bn
Estimated Market Size in 2026 US$21.9 Bn
CAGR 16.6%  
Key Players Microsoft Corporation, Google LLC, Cisco Systems, Inc., Adobe Inc., Zoom Video Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A., Avaya Inc., Array Telepresence Inc.

Market Segmentation

Deployment Coverage

  • On-Premise
  • Cloud

Components Coverage

  • Solution
    • Software
    • Hardware
  • Services

End-Use Coverage

  • Corporate Communication
  • Training & Development
  • Marketing & Client Engagement
  • Healthcare
  • Others

Geographical Coverage

  • North America
  • Europe
  • Latin America
  • Middle East & Africa

Leading Companies

  • Microsoft
  • ZOOM
  • CISCO
  • Google
  • Adobe
  • Avaya
  • Pexip
  • Enghouse Systems
  • Kaltura

Report Inclusions

  • Market Estimates and Forecast
  • Market Dynamics
  • Industry Trends
  • Competition Landscape
  • Deployment-wise Analysis
  • Component-wise Analysis
  • End Use-wise Analysis
  • Region-wise Analysis
  • Country-wise Analysis
  • Key Trends Analysis
  • COVID-19 Impact Analysis

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research
London, UK
UK +44 (0)20 30025888   
USA (Toll-free) +1 (844) 3829746 
Web: https://www.fairfieldmarketresearch.com/
Email: [email protected]

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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