The pandemic-led rise in virtual learning and remote meetings helped video conferencing platforms thrive. However, with companies' return to the office, the demand for video conferencing has declined significantly in this post-pandemic world.
Prominent players in this space are launching new features to stay relevant. Also, the industry should remain in demand with a permanent shift toward hybrid working. The global video conferencing market is expected to grow at a 12.5% CAGR to reach $19.73 billion by 2030.
