The rising number of millennials and remote employees in the workforce is spurring demand for video conferencing systems in North America, according to a report from Frost & Sullivan.
The conferencing services market is in a state of rapid transition, as visual collaboration gains precedence over audio conferencing, the report says. Even as emerging video services are spurring market expansion, the commoditization of mature technologies is tempering growth, and as a result the hosted audio, Web, video and managed video conferencing service segments will see varying growth rates over the next seven years.
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