Video Conferencing Market Size, Share, Growth & Analysis Report By Component (Solution and Services), By Conference Type (Telepresence System, Integrated System, Desktop System, and Service-Based Video Conferencing), By Deployment (Cloud and On-Premises), By Enterprise Size (SMEs and Large Enterprises), By Application (Small Rooms, Huddle Rooms, Middle Rooms, and Large Rooms), and By Region – Global Opportunities & Forecast, 2020-2027
Published Date: Mar - 2021 | Report Format: Excel/PPT | Report Code: UP1910-001001
Introduction of the Global Video Conferencing Market Report
Video conferencing refers to a live video-based meeting between two or more people from different locations who use video-enabled devices such as smartphones, tablets, and desktop computers. Video conferencing allows multiple users in different locations to meet and collaborate face to face by transmitting audio, video, text and presentations in real time through the internet. It also offer screen sharing, recording, instant messaging, slideshow, and project management tools among other features. The video conferencing market has mainly two components: solutions and services.
To have an edge over the competition by knowing the market dynamics and current trends of “Video Conferencing Market,” request for Sample Report here
Market Dynamic
Key Drivers and Emerging Trends
Rapid growth in the number of online international workshops, seminars, and conferences for routine meetings, negotiating business deals, and job interviews of candidates by business enterprises is one of the major factors driving the growth of the video conferencing market. In addition, increasing demand of video conferencing from the healthcare industry for online consultation and from education sector for academic conference, teacher’s training programme, induction programme, and webinar for online education is further expected to stimulate the growth of the global video conferencing market share in terms of revenue.
Continuous technological advancements that includes artificial intelligence (AI), Internet of Things (IoT), cloud based Virtual reality, and augmented reality help in improving the quality of video and enhancing the conferencing experience for users. This is likely to offer lucrative growth opportunities to the video conferencing market in the coming years. Furthermore, rising adoption of work from home trend by business enterprises primarily due to the outbreak of coronavirus pandemic is anticipated to boost the growth of the video conferencing market size during the forecast period.
Restraints in the Global Video Conferencing Market
High initial investments in the purchase, deployment, and maintenance of video conferencing solutions is one of the major factors that is expected to restraint the growth of the video conferencing market. Moreover, rising concerns related to the data privacy and security of information is likely to hamper the video conferencing market growth during the forecast period.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Component – Segment Analysis
Based on component, the solution segment is expected to dominate the video conferencing market owing to the rising demand of video collaboration solutions including Zoom, Skype, Microsoft Teams, Google Hangouts, Cisco WebEx. Additionally, video conferencing solutions offer high productivity, saves time, minimizes the travel expenses, and promotes collaboration, which is likely to contribute to the growth of the market over the forecast period.
Conference Type – Segment Analysis
On the basis of conference type, the desktop system based video conferencing segment is anticipated to witness a faster CAGR in the market owing to its various benefits such as higher flexibility, reliability, and higher cost-effectiveness. Additional benefits offered by desktop systems such as touch-screen controls, multi-site and multi-conference options, and other collaboration tools is further contributing to the adoption of desktop system video conferencing.
Deployment – Segment Analysis
On the basis of deployment, the cloud segment is projected to grow at a substantial CAGR during the forecast period primarily due to the rising adoption of private cloud computing technology and cloud-based video conferencing solutions by businesses, government enterprises, and educational institutes.
Enterprises Size – Segment Analysis
On the basis of enterprises size, small and medium enterprises segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the increasing number of small and medium-sized enterprises (SMEs) in the developed and developing countries including India, China, SriLanka, South Korea, and Saudi Arabia, among others.
Application – Segment Analysis
Based on application, the huddle rooms segment is expected to dominate the market during the forecast period. This is primarily due to the increasing adoption of huddle rooms in office spaces for quick impromptu meetings, unplanned working sessions, and scheduled meetings. Moreover, huddle rooms are generally equipped with video conferencing equipment, whiteboards and other A/V equipment, which will further escalate the market growth.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Based on the Region, Asia-Pacific region is anticipated to dominate the video conferencing market during the forecast period. This is primarily due to the rising number of small and medium sized start up enterprises in the region. Increasing penetration of high speed internet connectivity and growth in the number of organizations in various sectors including IT, telecommunication, entertainment, educational, and healthcare in China, Japan, India, and South Korea is further contributing to the growth of the market. On the other hand, North America is projected to grow at a faster CAGR during the forecast period owing to the rapid economic development and growing trend of remote working coupled with the rising adoption of video conferencing solutions among corporate sector by large enterprises in the region.
Top Market Players
Various video conferencing market leaders are Zoom Video Communications, Inc., AVer Information Inc., Cisco Systems Inc., Alphabet Inc., Microsoft Corporation, Verizon Communications Inc., Adobe, Inc., Logitech International S.A., Panasonic Corporation, and ZTE Corporation, among others.
Key Developments:
-
- In 2020, Zoom Video Communications, Inc., launched a new category of software experiences and hardware devices, Zoom for Home, to support remote work use cases. Zoom for Home devices can be set up to be IT-managed remotely through the Admin Portal or self-managed by the end-user.
- IN 2020, AVer Information Inc., a provider of video conferencing solutions, collaborated with Microsoft Corporation for the launch of video conferencing solution that work seamlessly with Microsoft Teams. These AVer products feature HD cameras, professional-grade speakers, and far-field microphones that can easily be connected to Windows 10 PC via a single USB cable.
Segments covered in the Report:
The global Video Conferencing market has been segmented on the basis of component, conference type, deployment, enterprise size, application, and regions. Based on component, the market is segmented into solution and services. Based on conference type, the market is segmented into telepresence system, integrated system, desktop system, and service-based video conferencing. Based on deployment, the market is segmented into cloud and on-premises. Based on enterprise size, the market is segmented into SMEs and large enterprises. Based on application, the market is segmented into small rooms, huddle rooms, middle rooms, and large rooms.
For detailed scope of the “Video Conferencing Market” report request a Sample Copy of the report
Key questions answered in this research report:
-
- At what pace is global Video Conferencing market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Video Conferencing market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Video Conferencing market?
- Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
- What are the various applications of global Video Conferencing market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Component, By Conference Type, By Deployment, By Enterprise Size, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Zoom Video Communications, Inc., AVer Information Inc., Cisco Systems Inc., Alphabet Inc., Microsoft Corporation, Verizon Communications Inc., Adobe, Inc., Logitech International S.A., Panasonic Corporation, and ZTE Corporation among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Video Conferencing Market by Component
-
- Solution
- Services
Global Video Conferencing Market by Conference Type
-
- Telepresence System
- Integrated System
- Desktop System
- Service-Based Video Conferencing
Global Video Conferencing Market by Deployment
-
- Cloud
- On-Premises
Global Video Conferencing Market by Enterprise Size
-
- SMEs
- Large Enterprises
Global Video Conferencing Market by Application
-
- Small Rooms
- Huddle Rooms
- Middle Rooms
- Large Rooms
Global Video Conferencing Market by Region
-
- North America Video Conferencing Market (Option 1: As a part of the free 25% customization)
- North America Market by Component
- North America Market by Conference Type
- North America Market by Deployment
- North America Market by Enterprise Size
- North America Market by Application
- US Market All-Up
- Canada Market All-Up
- Europe Video Conferencing Market (Option 2: As a part of the free 25% customization)
- Europe Market by Component
- Europe Market by Conference Type
- Europe Market by Deployment
- Europe Market by Enterprise Size
- Europe Market by Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Video Conferencing Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Market by Component
- Asia-Pacific Market by Conference Type
- Asia-Pacific Market by Deployment
- Asia-Pacific Market by Enterprise Size
- Asia-Pacific Market by Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Video Conferencing Market (Option 4: As a part of the free 25% customization)
- RoW Market by Component
- RoW Market by Conference Type
- RoW Market by Deployment
- RoW Market by Enterprise Size
- North America Market by Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Video Conferencing Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Video Conferencing (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Zoom Video Communications, Inc.
- AVer Information Inc.
- Cisco Systems Inc.
- Alphabet Inc.
- Microsoft Corporation
- Verizon Communications Inc.
- Adobe, Inc.
- Logitech International S.A.
- Panasonic Corporation
- ZTE Corporation
Licensing Options
Single-User License:
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Video Conferencing Market Size, Share, Growth & Analysis Report By Component (Solution and Services), By Conference Type (Telepresence System, Integrated System, Desktop System, and Service-Based Video Conferencing), By Deployment (Cloud and On-Premises), By Enterprise Size (SMEs and Large Enterprises), By Application (Small Rooms, Huddle Rooms, Middle Rooms, and Large Rooms), and By Region – Global Opportunities & Forecast, 2020-2027
$ 3,499.00 – $ 5,649.00