![]() Europe is a mature market for such applications, and the Asia-Pacific region is the current fastest-growing market for video conferencing. North America is the leading market for video chat apps. ![]() After that, there will be a downfall, but the segment will be growing slowly, as remote work remains common in many parts of the world. It is expected the market will continue growing until the end of Q3 of 2020. In the U.S., the number of educational and remote work-related applications (both of which include video chat apps) downloads increased 1087% and 1457% respectively in March 2020. The global video conferencing app market is benefiting majorly because of the COVID-19 outbreak. The video call application market was valued at 3.85 billion US dollars in 2019 and will grow at an approximate CAGR of 9.9% from 2020 to 2027. ![]()
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