According to the latest report by Valuates, the web conferencing market is projected to hit $19 billion by 2025, with a CAGR of 8.6%. At present, the market is worth $12.5 billion. Web conferencing refers to forms of online collaboration including webinars and webcasts. Web collaboration tools have become necessary as the coronavirus pandemic has increased remote working globally.
As per the report, North America is expected to hold the largest web conferencing market share owing to early technology adoption.