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Video Conferencing Market

Video Conferencing Market

Video Conferencing Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:

2021

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1517

Segments Covered
  • By Component Hardware, Solutions, Services
  • By Application Corporate Communication, Training and Development, Marketing and Client Engagement
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 8.97 Billion
Revenue 2028Revenue 2028: USD 37.05 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 19.4%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Video Conferencing Market Share

Market Synopsis

Global Video Conferencing Market is valued at USD 8.97 Billion in 2021 and is projected to attain a value of USD 37.05 Billion by 2028 at a CAGR of 19.4% during the forecast period, 2022–2028.

As technology advances, more people are relying on Video Conferencing to communicate. In the last 5 years, this market has seen an increase of over 100%. Even higher numbers are predicted in the next five years as new technologies come out, which is further supported by outbreak of Covid-19 pandemic and growth in work from home. Video Conferencing systems can be used by several different groups of people including those in remote or marginalized areas with limited access to healthcare or education, those who want live interaction but cannot easily travel to a meeting location, those who need confidentiality for sensitive conversations (such as those about sexual abuse) or for free conference calls.

Video Conferencing Market Size, 2021 To 2028 (USD Billion)

Increased Number of Companies, School and Colleges Opting for Video Conferencing

More and more companies are adding Video Conferencing to their repertoire because it allows them to take care of business from anywhere. This is a good idea because workers can often accomplish more when they're not in the office. Eliminating the need for many people to commute also reduces traffic and promotes a healthier environment.

Market Segmentation

Global Video Conferencing Market is Segmented by Component (Hardware, Solutions, and Services), Application (Corporate Communication, Training and Development, and Marketing and Client Engagement), Deployment Mode, Vertical, and Region.

Below tree is interactive. You can click the nodes to get more information.

By End Users, Growing Demand for Video Conferencing in Education and Corporate World

With the ever-increasing pace of globalization and the trend of technology-driven changes in organizational culture, there is a growing demand for Video Conferencing in education and corporate world. Video Conferencing can be accessed on laptops, tablets, smartphones and even TV's (with a simple adapter). Most importantly, it has increased the ability to collaborate with colleagues around the world.

Asia Pacific to Dominate Video Conferencing Market

More and more Asian firms are turning to Video Conferencing. This includes companies in Singapore, the Philippines, China, Japan, and Taiwan. In the next five years, this region is expected to account for 44% of global sales in the field of videoconferencing systems and services. The demand for Video Conferencing is so high that there are currently only 130 such systems available. This translates to a seven year-long waiting list for these systems.

Key Players:

Zoom Video Communications, Inc. (Zoom), Microsoft Corporation (Microsoft), Cisco Systems, Inc. (Cisco), Huawei Technologies Co. Ltd (Huawei), Adobe Systems Incorporated (Adobe), Avaya, Inc. (Avaya), Google, LLC (Google), Amazon Web Services, Inc. (AWS), Plantronics, Inc. (Poly), Enghouse Systems Limited (Enghouse Systems), LogMeIn, Inc. (LogMeIn), Qumu Corporation (Qumu), Pexip, AS (Pexip), Lifesize, Inc. (Lifesize), Sonic Foundry Inc. (Sonic Foundry), Kaltura Inc. (Kaltura), Kollective Technology, Inc. (Kollective), BlueJeans Network (BlueJeans Network), HighFive Inc. (HighFive), StarLeaf Inc. (StarLeaf), Logitech International SA (Logitech), Fuze Inc. (Fuze), Barco NV (Barco), Premium Global Services Inc. (PGi), and Haivision Inc. (Haivision).

Video Conferencing Market is Segmented as Follows:

Parameter Details
Segments Covered
  • Component (Hardware, Solutions, Services)
  • Application (Corporate Communication, Training and Development, Marketing and Client Engagement)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Zoom Video Communications Inc. (Zoom)
  • Microsoft Corporation (Microsoft)
  • Cisco Systems Inc. (Cisco)
  • Huawei Technologies Co. Ltd (Huawei)
  • Adobe Systems Incorporated (Adobe)
  • Avaya Inc. (Avaya)
  • Google
  • LLC (Google)
  • Amazon Web Services Inc. (AWS)
  • Plantronics Inc. (Poly)
  • Enghouse Systems Limited (Enghouse Systems)
  • LogMeIn Inc. (LogMeIn)
  • Qumu Corporation (Qumu)
  • Pexip
  • AS (Pexip)
  • Lifesize Inc. (Lifesize)
  • Sonic Foundry Inc. (Sonic Foundry)
  • Kaltura Inc. (Kaltura)
  • Kollective Technology Inc. (Kollective)
  • BlueJeans Network (BlueJeans Network)
  • HighFive Inc. (HighFive)
  • StarLeaf Inc. (StarLeaf)
  • Logitech International SA (Logitech)
  • Fuze Inc. (Fuze)
  • Barco NV (Barco)
  • Premium Global Services Inc. (PGi)
  • and Haivision Inc. (Haivision).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

FAQ
Frequently Asked Question
  • The global Video Conferencing valued at USD 8.97 Billion in 2020 and is expected to reach USD 37.05 Billion in 2028 growing at a CAGR of 19.4%.

  • The prominent players in the market are Zoom Video Communications, Inc. (Zoom), Microsoft Corporation (Microsoft), Cisco Systems, Inc. (Cisco), Huawei Technologies Co. Ltd (Huawei), Adobe Systems Incorporated (Adobe), Avaya, Inc. (Avaya), Google, LLC (Google), Amazon Web Services, Inc. (AWS), Plantronics, Inc. (Poly), Enghouse Systems Limited (Enghouse Systems), LogMeIn, Inc. (LogMeIn), Qumu Corporation (Qumu), Pexip, AS (Pexip), Lifesize, Inc. (Lifesize), Sonic Foundry Inc. (Sonic Foundry), Kaltura Inc. (Kaltura), Kollective Technology, Inc. (Kollective), BlueJeans Network (BlueJeans Network), HighFive Inc. (HighFive), StarLeaf Inc. (StarLeaf), Logitech International SA (Logitech), Fuze Inc. (Fuze), Barco NV (Barco), Premium Global Services Inc. (PGi), and Haivision Inc. (Haivision)..

  • The market is project to grow at a CAGR of 19.4% between 2021 and 2028.

  • The driving factors of the Video Conferencing include

    • Transformed global workforce

  • Asia Pacific was the leading regional segment of the Video Conferencing in 2020.