Businesses across the world are adopting web conferencing solutions for video calling and conference, voice calling and conference, and messaging and file sharing to meet the surging requirement for consulting, integration, and implementation services. Moreover, the burgeoning demand for upgradation and technical expertise, maintenance, and monitoring of various solutions will fuel the adoption of web conferencing solutions in the coming years.

Moreover, the rapid shift of business entities toward work-from-home (WFH) model has boosted the incorporation of such solutions, as these allow to channelize collaborations among various departments. With the proliferation of the WFH model, business organizations have amplified the usage of web conferencing solutions and services to reduce operational expenditure (OPEX) and increase productivity.

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The Harvard Business School in a 2020 study states that the productivity of people is increasing due to the rising penetration of the WFH model by spending 9% more time on externally focused work and 12% less time spent on meeting. Another study has claimed that remotely working employees can work around 17 additional workdays in a year, while working from home.

According to P&S Intelligence, globally, the North American region deployed the largest number of web conferencing solutions during 2014–2019, due to the large IT spending, technologically inclined population, and early adoption of new technologies. Moreover, the rising penetration of high-speed internet, soaring popularity of the bring-your-own-device (BYOD) policy, and surging presence of numerous largescale enterprises have resulted in the widescale adoption of web conferencing solutions in the region.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings