United States Video Conferencing Software market was valued at US$1,143.098 million in 2019. Early adoption of digitalization across various industries along with the presence of major market players in the country is significantly driving the U.S. video conferencing software market growth. High demand for cloud computing solutions is also a substantial factor that is boosting the adoption of video conferencing solutions in the country, thereby bolstering the video conferencing software market growth. Increasing investments in advanced technologies such as artificial intelligence (AI), machine learning, and IoT across different industries will continue to boost the adoption of better video conferencing solutions, thus positively impacting the demand for video conferencing software during the next five years. The market for video conferencing software is also booming with growing globalization. Multinational companies in the United States use video conferencing as a tool to communicate with people overseas which saves both time and money.
The recent global COVID-19 outbreak has boosted the demand for video conferencing software in the country. With lockdown and home quarantines, people are using video conferencing options to interact with each other. The shutdown of schools and colleges in the U.S. to prevent the spread of this deadly disease is also spurring the demand for video conferencing in order to continue taking classes online. As such, video conferencing software companies are witnessing an uptick in their revenues.
The United States Video Conferencing Software market has been segmented based on the deployment model, enterprise size, and industry vertical. By deployment model, the market has been segmented as on-premise and cloud. By the enterprise size, the United States Video Conferencing Software market has been classified into small, medium, and large. The market segmentation has also been done by industry vertical as education, communication and technology, defense, healthcare, BFSI, and others.