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Who Will Rule the Enterprise Video Conferencing Market?

August 29, 2018 | Telepresence Options


Story and images by VC Daily

The enterprise video conferencing market is your new billion-dollar tech industry. Depending on who you trust to predict the financial future, the reward for putting businesses in face-to-face contact with each other and their clients is going to be worth a lot.

Depending on what prediction you look at, it could reach a market value of $7.9 billion by 2023, $8.9 billion by 2025, or $10.5 billion by 2026. That's big business no matter who ends up being right. All of the Big 5 tech companies are on board to some degree, new innovations are released every year, and it has been estimated that 86% of U.S. businesses will use video conferencing to communicate this year.

As with any industry, though, the question remains whether all that money will lead to innovation or whether we'll just see the same household names when we make a video call.

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