Global Video Conferencing Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027Price: 3600/- USD | Published Date: October 16, 2020 |
The global video conferencing market size was estimated around USD 4 billion in 2019 and projected to grow at the CAGR of 8.6% during the forecast period 2020-2027. The video conferencing market is expected to witness sustained growth during the forecast period with increasing adoption of video conferencing services in the commercial sector. Introduction of numerous web-based video conferencing solutions in the recent years has led to the increasing incorporation of video conferencing into various business processes across the world. Other factors such as lowering costs and higher level of integration enabling seamless connection of numerous users and devices have resulted in higher market growth rate. Thereby, video conferencing solutions have been increasingly adopted in various end-use sectors such as commercial, industrial, government, homeland security and law enforcement.
The global video conferencing market has been witnessing steady growth on account of continued adoption of various video conferencing solutions across the world. Factors such as decreasing overall costs of various video conferencing equipment and introduction of affordable video solutions have compelled various businesses towards incorporating video solutions into their business processes. Moreover, the advent Web-RTC has led to the rise of numerous browser-based video conferencing solutions resulting in a multi-vendor environment within organizations. Thereby, the overall video conferencing market is expected to witness sustained growth during the forecast period from 2020 to 2027.
The global video conferencing market is fairly concentrated with Cisco Systems, Inc. and Polycom, Inc. attributing to almost 70% of the overall revenue share. Factors such as provision of high quality equipment which enable high-definition video streaming have resulted in such high market share for these two providers of video conferencing solutions. Other companies such as Microsoft Corporation, Lifesize, Inc., Vidyo, Inc., InterCall (West Corporation) and Blue Jeans Network, Inc. which have been primarily focusing on providing cloud-based video conferencing solutions have gained immense market share in the recent years. Due to rising demand for cheaper video calling services without the requirement to maintain various heavy and costly hardware components on-site, these providers have been focusing on offering cloud-based solutions to their customers.
Market Segment Insights:
The global video conferencing market for the purpose of this study is studied for deployment models and end-users. Based on deployment models, the market is segmented into various on-premise, cloud-based and managed video conferencing solutions. Various end-users analyzed for the global video conferencing market including corporate enterprises, healthcare, government and defense, education, media and entertainment, and others (retail, manufacturing and residential).
Global Video Conferencing Market Segmentation:
By Deployment Model, 2018–2027 ($ Million)
By End-user, 2018–2027 ($ Million)
- Corporate Enterprises
- Government and Defense
- Media and Entertainment
- Others (Retail, Manufacturing and Residential)
By Geography, 2018-2027 ($ Million)
- North America
- Asia Pacific
- Latin America (LATAM)
- Middle East and Africa (MEA)
For the purpose of this study, the global video conferencing market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global video conferencing market, with United Sates being the largest county-level market. Presence of large video conferencing providers such as Cisco Systems, Inc. and Polycom, Inc. has played a significant role in higher adoption of video conferencing solutions in the region. Moreover, with numerous global headquarters and decision boards situated in the U.S., these markets tend to deploy high-end state of the art video conferencing solutions for seamless connection and excellent video quality. Europe and Asia Pacific followed the North America region in the overall video conferencing market in terms of revenue.
Market Competition Assessment:
The major players currently operating in the global video conferencing market include Cisco Systems, Inc., Polycom, Inc., Avaya, Inc., ZTE Corporation, Huawei Technologies Co., Ltd., Microsoft Corporation, Lifesize, Inc., Vidyo, Inc., InterCall (West Corporation) and Blue Jeans Network, Inc.
List of Key Companies:
- Cisco Systems, Inc.,
- Polycom, Inc.
- Avaya, Inc.
- ZTE Corporation
- Huawei Technologies Co., Ltd.
- Microsoft Corporation
- Lifesize, Inc.
- Vidyo, Inc.
- InterCall (West Corporation)
- Blue Jeans Network, Inc.
Key Questions Answered by Video Conferencing Market Report
- Global video conferencing market forecasts from 2020-2027
- Regional video conferencing market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
- Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
- Video Conferencing submarket forecasts from 2020-2027 covering the market by deployment model, by end-user, and geography
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to video conferencing market
- Analysis of the key factors driving and restraining the growth of the global, regional and country level video conferencing markets from 2020-2027
- Competitive Landscape and market positioning of top 10 players operating in the video conferencing market
Request a full report sample @ https://www.researchcorridor.com/request-sample/?id=62141
Table of Content:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Global Video Conferencing Market Portraiture
2.2 Global Video Conferencing Market Share, by Deployment Model, 2019 (US$ Mn)
2.3 Global Video Conferencing Market, by End-user, 2019 (US$ Mn)
2.4 Global Video Conferencing Market, by Geography, 2019 (Value %)
Chapter 3 Global Video Conferencing Market Analysis
3.1 Global Video Conferencing Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Video Conferencing Market
Chapter 4 Global Video Conferencing Market Analysis, by Deployment Model, 2018-2027 ($ Million)
Chapter 5 Video Conferencing Market Analysis, by End-user 2018-2027 ($ Million)
5.2 Corporate Enterprises
5.4 Government and Defense
5.6 Media and Entertainment
Chapter 6 Global Video Conferencing Market, by Geography, 2018-2027 ($ Million)
6.2 North America (U.S. & Canada)
6.3 Europe (U.K., Germany & Rest of Europe)
6.4 Asia Pacific (China, Japan, and Rest of APAC)
6.5 Latin America (Brazil, Mexico and Rest of LATAM)
6.6 Middle East and Africa (GCC Countries, South Africa and Rest of MEA)
Chapter 7 Company Profiles
7.1. Cisco Systems, Inc.,
7.2. Polycom, Inc.
7.3. Avaya, Inc.
7.7. ZTE Corporation
7.5. Huawei Technologies Co., Ltd.
7.6. Microsoft Corporation
7.7. Lifesize, Inc.
7.8. Vidyo, Inc.
7.9. InterCall (West Corporation)
7.10. Blue Jeans Network, Inc.
$4800/- Multi User License $6400/- Corporate License
- Markets in over 150 countries analyzed granularly
- 35% of our total client are returning clients
- 100,000+ data points in our comprehensive database
- 24x5 availability - we are always there when you need us
- Our expert team will assist you with all research need and customization
- Our expert research analysts will resolve your every query before and after purchasing the report
- We focus on the accuracy and quality of the report
- Our analyst will provide deep insights into the report
Call Us: +1 520-686-7060