Video conferencing refers to a revolutionary technology that helps users located in different parts of the world to hold face-to-face meetings without having to move to a single location together. Video conferencing is especially beneficial for users present in different cities or countries as it aids in saving massive amounts of time and expenses. Video conferencing can be used for holding meetings, negotiating business deals, and interviewing potential job candidates.
With the advent of the COVID-19 pandemic, video conferencing applications have seen an unprecedented rise in downloads. According to a recent study, the video conferencing market is expected to make a leap from $6 billion in 2019 to $11.5 billion by the end of 2027. A large number of companies have switched to working remotely and have readily adopted online collaboration methods like video conferencing. Even though the use of video conferencing has persisted for a number of years, it has certainly become mainstream due to the pandemic situation.
Video conferencing allows professionals to meet with their clients and conduct one-on-one consultations. This includes financial advisors, therapists, tutors, lawyers among others. In some parts of the world, even legal proceedings and court cases had moved entirely to video conferencing during the pandemic. Medical professionals around the world have also adopted telehealth where it’s possible to get professional medical advice over video conferences.
Video conferencing today is more accessible and affordable due to the continued development of Voice over IP or VoIP. One can easily connect and collaborate with people using this powerful communication and collaboration tool from any part of the world.