Videoconferencing Device Revenue to Exceed $7.7B in 2025: F&S

Global videoconferencing device shipments are expected to reach 12.5 million units by 2025, a sixfold increase from 2020, reported Frost & Sullivan Wednesday. “This year marks the beginning of the revival of meeting rooms and office spaces,” F&S said. “As businesses and educational institutions prepare for the return to work, meeting rooms and classrooms will see heavy technology investments to support hybrid work and learning.” The company projects global revenue will exceed $7.7 billion in 2025, vs. $2.75 billion in 2020: “The long-term, sustainable demand for video meetings to connect remote workers and geographically dispersed teams” is driving the “secular growth opportunity,” said F&S.