In present times, the popularity of web conferencing has risen sharply all over the world. This is because of the greater convenience offered by these solutions to both employees and employers in comparison to conventional meetings and conferences. Moreover, web conferencing solutions allow businesses to reduce their operational expenditure (OPEX) by eliminating the requirement for office room meetings. In addition to this, the instant messaging and live video chat features allow the employees to stay connected throughout the day.

The COVID-19 pandemic has also played a pivotal role in the growth of the web conferencing market. This is because the lockdown imposed in several countries due to the pandemic made work from home and remote working extremely necessary for companies and thus augmented the requirement for web conferencing solutions. The usage of these solutions made it possible for businesses to conduct meetings, maintain employee engagement, and encourage team collaborations without needing the presence of employees in offices.

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Apart from the aforementioned factors, the rising penetration of high-speed internet and the growing employee and employer preference for remote working solutions are also boosting the need for web conferencing. As a result, the revenue of the global web conferencing market is expected to rise from $2,109.3 million to $78,547.9 million from 2019 to 2030. Further, the market is predicted to register a CAGR of 39.3% from 2020 to 2030.

Therefore, it can be concluded that the popularity of web conferencing solutions will skyrocket throughout the world in the upcoming years, primarily on account of their growing adoption by businesses during the COVID-19 pandemic and their numerous advantages over conventional conferencing such as their ability to reduce business operating costs and offer greater convenience to both employees and employers than brick-and mortar-offices.