According to Market.us, The Global Video Conferencing Market size is expected to be worth around USD 21 billion by 2032 from USD 7.2 billion in 2022, growing at a CAGR of 11.8% during the forecast period 2023 to 2032.

Top 15 Video Conferencing Systems Market Companies in the World

Adobe Systems Incorporated:
Adobe is widely known for their creative software such as Photoshop and Illustrator, offering solutions for digital media creation, marketing and document management.

Atlassian Corporation Plc:
Atlassian is a software provider known for their Jira and Confluence products that are popularly used to manage projects in businesses as well as software development processes.

Cisco Systems, Inc.:
Cisco is an industry leader for networking and communication technologies. Their products and services include routers and switches as well as video conferencing systems.

Fuze Inc:
Fuze is a cloud-based communications platform that integrates voice, video and messaging services for organizations seeking to enhance collaboration and communication within their walls.

Huawei Technologies Co. Ltd:
Huawei is a worldwide provider of telecom equipment and services, such as smartphones and networking solutions. As one of the industry's foremost players, Huawei is an iconic name that stands for quality in technology products and solutions.

JOYCE CR, S.R.O:
JOYCE is a company that specializes in digital signage solutions for various industries, providing tools to manage and display content on screens in various sectors.

Logitech International S.A.:
Logitech is known for their computer peripherals and accessories. Their product portfolio features keyboards, mice, webcams and more for both personal and professional use.

LogMeIn Inc:
LogMeIn provides remote connectivity and support solutions that enable individuals and businesses alike to remotely access their computers and networks from any location.

Microsoft Corporation:
Microsoft is an innovative tech giant known for their wide array of products such as Windows, Office, Azure and Xbox. Offering software, hardware, and cloud services tailored specifically for consumers and businesses.

Orange Business Services:
(BPS) Orange offers its enterprise customers an array of services including cloud computing, IoT solutions and network management for businesses.

Polycom, Inc:
Polycom offers video conferencing, voice communication and collaboration solutions to make it easier for organizations to collaborate efficiently.

Vidyo Inc:
Vidyo offers video conferencing and collaboration tools for businesses. Their solutions enable high-quality communication across various platforms.

Visual Systems Group, Inc. (VSGi):
VSGi provides audio-visual solutions for businesses including video conferencing and collaboration tools.

West Corporation:
West Corporation is a global provider of communication and network infrastructure services, providing solutions in areas like healthcare, safety and customer engagement.

ZTE Corporation:
ZTE is a prominent Chinese telecommunications firm which designs and produces a variety of products including smartphones, network equipment and solutions to address telecom needs.

Challenges

In this day and age of virtual meetings and internet connections video conferencing has been an essential tool for many. But it's not always easy sailing. Let's look at the difficulties this technology has to face.

 1. Technical Glirches  

At times, video stops working or the audio crackles. These technical issues are a source of frustration during important meetings. They're like gremlins within the system, and they need to be controlled.

 2. Internet Speed Problems  

A reliable internet connection is essential for video conference. Unreliable or slow internet connections can cause disruption to meetings, resulting in frustration and inefficient time.

 3. Security Issues  

With the sharing of more information via video calls security is a major security issue. Unauthorized access to data and data breaches are possible if appropriate security measures aren't implemented.

 4. User-Friendliness  

While video conferencing tools have been improved, some remain difficult to make use of. For those who aren't tech-savvy it could be somewhat like trying to navigate through a maze.

 5. Meeting Fatigue  

The time spent in virtual meetings could lead to "meeting exhaustion." It's exhausting to stand at a desk for long periods of time and it could affect your productivity.

 6. Accessibility and Inclusion  

There are many who don't have access to the internet or other devices. This means that a few individuals are excluded from the virtual conversations and this isn't right.

 7. Privacy Security  

Video calls may sometimes intrude on privacy. Friends or family members could stumble into the frame, causing privacy issues.

 8. Overreliance  

There are those who argue that we're getting overly dependent on video conference which is stealing the value of face-to-face conversations which are crucial for building connections.