Market Insights:
Video Conferencing Market size was valued at USD 6.3 Billion in 2021, registering a CAGR of 11.9% during the forecast period (2022-2030), and the market is projected to be worth USD 17.3 Billion by 2030.
Real-time visual conferences between one or more participants are referred to as video conferencing sessions. In the near future, market development is likely to be driven by the integration of established technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud technology.
Video Conferencing Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Hardware, Software, Services), By Conference Type (Telepresence System, Integrated System, Desktop System, Service-based System), By Application (Small Room, Huddle Rooms, Middle Rooms, Large Rooms), By Enterprise Size (Small and Medium Enterprises, Large Enterprises), By Deployment (On-premise, Cloud) and companies (Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, ZTE Corporation, Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 11.9%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Video Conferencing in the Communication Services industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Video Conferencing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Video Conferencing in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 17.3 Billion |
| CAGR (2022-2030) | 11.9% |
| By Component | Hardware, Software, Services. |
| By Conference Type | Telepresence System, Integrated System, Desktop System, Service-based System. |
| By Application | Small Room, Huddle Rooms, Middle Rooms, Large Rooms. |
| By Enterprise size | Small and Medium Enterprises, Large Enterprises. |
| By Deployment | On-premise, Cloud. |
| By End-use | Corporate, Education, Healthcare, Government & Defense, BFSI, Media & Entertainment. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, ZTE Corporation, Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Video Conferencing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, ZTE Corporation, Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O.
Market Segment Analysis:
By Component
- Hardware
- Software
- Services
By Conference Type
- Telepresence System
- Integrated System
- Desktop System
- Service-based System
By Application
- Small Room
- Huddle Rooms
- Middle Rooms
- Large Rooms
By Enterprise size
- Small and Medium Enterprises
- Large Enterprises
By Deployment
- On-premise
- Cloud
By End-use
- Corporate
- Education
- Healthcare
- Government & Defense
- BFSI
- Media & Entertainment
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Video Conferencing industries in the region.
Key Video Conferencing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Video Conferencing Market segments.
– Largest Market Share Held by Industry to Industry for Video Conferencing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Video Conferencing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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