video conferencing market size

The report focuses on the Cloud-Based Video Conferencing market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. expert team of researchers can create market The global video conferencing market was valued at USD 7.75 billion in 2020 and is expected to grow at a CAGR of 19.8% during the forecast period. The increase is attributable to an increase in request for video infrastructure solutions for programmed operations in the academic and training sectors. The global video conferencing market size was estimated at USD 6.85 billion in 2021 and is projected to be worth around USD 18.56 billion in 2030, with a registered CAGR of 11.71% during the projected timeframe 2022 to 2030. Small and medium-sized enterprises are implementing such services to swiftly expand their geographical footprints by setting up a centralized communication platform, which can utilize advanced technologies like 4G and VoIP. Video Conferencing Market Size To Touch US$ 18.56 Billion By 2030 roshan salunke 17 November Follow The global video conferencing market size was estimated at USD 6.85 billion in 2021 and is predicted to touch around USD 18.56 billion by 2030 with a CAGR of 11.71% from 2022 to 2030. The solutions allow users to download the application on multiple devices, such as smartphones, tablets & laptops, fueling the market revenue. analysis reports for any of your This series is the professional-grade personal video conferencing tool developed to uplift the game of the remote worker. Increased urbanisation, which is crucial for the usage of video conferencing, rising demand for e-learning are expected to propel video conferencing market. 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. This growth is attributed to the growing demand for services regarding employee training, project consulting, and deployment of the latest solutions. What are the Major Companies Operating in the Video Conferencing Market? The remotely working culture during the pandemic has surged the demand for video conferencing solutions and is estimated to continue this trend during the forecast period. The market economy is projected to be driven by consumers' high coverage of high-speed internet access. What is the current size of video conferencing market? The authors of the report have brought to light crucial growth factors, restraints, and trends of the Video Conferencing market. This expansion aimed to enable Slack users to unlock all of the incredible power & video calling the quality of Amazons cloud infrastructure. Global Cloud Video Conferencing Market Report 2022 comes with the extensive industry analysis with development components, patterns, flows and sizes. Many businesses are hesitant to spend in traditional workplace arrangements and infrastructures that is why video conferencing is becoming more popular with startups. The Video Conferencing Software Market is predicted to witness high growth during the coronavirus outbreak. This is mostly due to the increased acceptance of this deployment approach throughout large enterprises in result of growing data security concerns. Nov-2020: Amazon Web Services signed a multi-year agreement with Zoom Video Communications. The cloud segment is projected to garner significant growth during the forecast period. The growth of the video conferencing market is anticipated to bolster due to the rising adoption of technologies like facial recognition, to identify and authenticate the participants of a meeting. The global video conferencing market size is projected to register a CAGR of 12.6% during the forecast period, reaching 19.1 Billion by 2027 from an estimated USD 10.6 billion in 2022. Major drivers for the market include the growing internet penetration to pave way in the digital world. The global Video Conferencing Market, which was estimated at 8.2 (USD Billion) in 2019 and is anticipated to accrue earnings worth 23.5 (USD Billion) by 2026, is set to record a CAGR of nearly 20.1% over 2020-2026. We offer executive-level blueprints of markets and solutions beyond flagship surveys. By utilizing video conferencing technology, companies get much-needed help in making faster decisions and eliminating travel time and costs attached to it. In addition, it also assists in minimizing the overall operational & management costs while boosting the productivity. Video conferencing is a live video-based platform made for conducting meetings between two or more individuals in distinct locations through a video-enabled device. In addition, Lumen would provide improved services across Zooms top-class video-first integrated communications platform to their large and increasing base of customers around the world. Microsoft Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Adobe, Inc., Google, Inc., Amazon.com, Inc., Logitech International S.A., Avaya Holdings Corporation, Plantronics, Inc. (Polycom, Inc.), and Zoom Video Communications, Inc. Adoption of remote working policies by organizations across the world due to the COVID-19 pandemic is a key factor driving market revenue growth. The desktop segment is estimated to observe nearly 27% gains during 2021-2027. Huawei Cloud Meeting helps in hosting a meeting of up to 1000 participants at the same time from any terminal or device. Dec-2020: Cisco introduced a wave of Webex innovation to assist companies to collaborate effortlessly and transform their employee & customer experiences. The global video conferencing market size was estimated at USD 6.85 billion in 2021 and is predicted to touch around USD 18.56 billion by 2030 with a CAGR of 11.71% from 2022 to 2030. Video Conferencing Market. Consequently, a . This accelerating demand for cloud technology on the back of the digital age has insisted enterprises replace to deploy cloud-based solutions by replacing traditional systems of the business management process. Video Conferencing research study defines market size of various segments & countries by historical years and forecast the values for next 10 years. Additionally, the escalating demand for continuous access to high-quality visual meetings and the internet, coupled with the increasing popularity of Bring Your Own Device (BYOD) solution, is further expanding the market growth at a rapid pace considering the global scenario. The major players operating in the video conferencing market are Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, ZTE Corporation. Email: sales@gminsights.com, Global Market Insights In respect of deployment, the on-premise segment held the largest market in 2021, contributing for around 60% of total revenues. Polys latest range of video conferencing systems includes Poly Studio X50, Poly Studio X30, and Poly G7500 that support StarLeaf software virtually out of the box, enabling users to implement Poly room systems with the full StarLeaf experience. Under this collaboration, RingCentral launched RingCentral Rooms for Poly that brings the power and ease-of-use of RingCentral Video to each workspace. More? The latest report on Video Conferencing Market understands market size estimates, forecasts, market shares, competition analysis, along with industry trends of . The appearance of a substantial number of SMEs and a high number of locations of top global 1000 enterprises in the area suggests that the region has enormous market growth prospects. This collaboration focuses on integrating their products into a bundled portfolio to give people the capability to connect & collaborate with others in the same room and around the world. Nov 22, 2022 - The global enterprise video conferencing market is estimated to garner a revenue of ~USD 20 Billion by the end of 2035 by growing at a CAGR of ~12% over the forecast period, i.e., 2023 - 2035. . Your personal details will remain secure and confidential. In addition, by offering Amazon Chime directly via Comcast Business, and extend the free trial of Amazon Chime Pro to make it easier for companies to stay connected & collaborate when their employees work remotely. In addition, the rise in adoption of the Internet of Things (IoT), enabling the robust incorporation of hardware with cloud-based software solutions and other key technologies, such as artificial intelligence and facial recognition, are the few factors that boost the market growth. The availability of big significant corporations such as Cisco Systems, Inc., Microsoft Corporation, Zoom Video Communications, Inc. and many more, and even the rapid adoption of technological solutions, are boosting market for these video conferencing solutions in the United States and Canada. With 11.3% CAGR, Video Conferencing Market size worth USD 14.58 Billion in 2029 According to Fortune Business Insights, the global video conferencing market size is projected to reach USD 14.58. Events, Media APAC: +65-3129-7718 COVID-19 Impact: By examining the existing and potential consequences of the COVID-19 pandemic on the broader market, the analysis delivers more accurate and true estimations in line with the . A growing percentage of employees want to work remotely and conduct meetings via mobile devices. The growth of the market is attributed to the developments and advancement in technology. In the near future, market development is likely to be driven by the inclusion of established technology regarding internet of things (IoT), Artificial Intelligence (AI) and cloud technology. Video Conferencing Market size exceeded USD 15 billion in 2020 and is projected to expand at around 23% CAGR from 2021 to 2027. Jan-2021: Logitech entered into a partnership with Pexip, a leading provider of enterprise video conferencing and collaboration solutions. With sudden shutdown of offices, several Small Medium Enterprises (SMEs) have shifted to video conferencing solutions to organize virtual meetings for business continuity. The Global Video Conferencing Market size is expected to reach $21.8 billion by 2027, rising at a market growth of 16% CAGR during the forecast period. Conducting contractual enterprises in a worldwide setting is a significant aspect that is predicted to propel the global expansion of the video conferencing market. Visual conferencing technology facilitates the transmission of video and audio information, allowing users to connect in real time. Citations, Aerospace Jan-2021: Zoom Video Communications introduced more than 400 features in 2020 to improve the customer experience. The Global Video Conferencing Market size is expected to reach $21.8 billion by 2027, rising at a market growth of 16% CAGR during the forecast period. Various kind of impositions like travel ban across the globe, nation-wide lockdown and temporary shutdown of manufacturing units have adversely affected many industries verticals. The global video conferencing market size was valued at USD 6.28 billion in 2021. The global video conferencing market size was valued at USD 6.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030. The market size of video conferencing is predicted to cross USD 75 billion in 2027 with around 23% CAGR between 2021 and 2027, says this GMI report. Dec-2020: Adobe acquired Workfront, the leading work management platform for marketers. The global video conferencing market size is expected to reach USD 32.02 Billion in 2028 and register a revenue CAGR of 19.5% over the forecast period, according to the latest report by Reports and Data. Sep-2020: Zoom Video Communications partnered with Lumen Technologies, an American telecommunications company. This product is the first hardware product, is focused on an increasing number of people whose remote work includes a significant amount of time spent on Zoom calls with clients, colleagues, and suppliers. 15.45% (2020-2030 . Video Conferencing Market Size Hit USD 45.91 Billion in 2030 | Reports and Data Reports and Data September 28, 2022 Advancements in Internet technology globally and increasing adoption of video conferencing in enterprises to support offshore operations are driving market revenue growth Oct-2020: Cisco took over BabbleLabs, a software company. The growing focus of many healthcare companies on the policy of medical training to their employees is using these solutions, which further accelerate the segment growth. Order, Corporate by year 2026 at a CAGR of 9.22% during the forecast period. CAGR. Amazon Web Services, Inc., AURA Presence, Avaya Inc., Barco NV, BlueJeans Network, Inc, Cisco Systems, Inc., Fuze, Inc., Google, Haivision, Inc., HighFive, Inc., Huawei Technologies Co. Ltd., Kaltura, Inc., Kollective Technology, Inc., Lifesize, Inc., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Pexip, AS, Plantronics, Inc., Qumu Corporation, Sonic Foundry, Inc., StarLeaf Inc., Vidyo, Inc., and Zoom Video Communications, Inc. 2022 Polaris Market Research and Consulting. Sustainable & Smart Technologies We offer report based on sub segments as well. The report is assembled to comprise qualitative and quantitative elements of Video Conferencing industry including: market share, market size (value and volume 2017-2021, and forecast to 2030) that . Which Countries Data is Covered in the Video Conferencing Market? SAN FRANCISCO, June 20, 2022 /PRNewswire/ -- The global video conferencing market size is expected to reach USD 19.73 billion by 2030, registering a CAGR of 12.5% from 2022 to 2030, according to. The corporate segment is expected to see a large revenue in the global market, owing to the rapid development of the cloud-based collaboration and communication software industry, opening new opportunities for new players in the marketplace. Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, ZTE Corporation. This collaboration aims to assist companies to achieve a deeper understanding of user context over each touchpoint and break down data siloes among commerce, marketing, sales and service departments. Video conferencing solutions are being adopted by businesses all over the world to enhance their client interaction, brand awareness, and marketing initiatives. There are some fields like online education and telemedicine that are strengthening their foot in emerging nations like India, the Philippines and Brazil, which are significantly propelling the demand for such solutions. The global video conferencing market size is expected to reach USD 19.73 billion by 2030, registering a CAGR of 12.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The enhancement in technology will increase the feasibility of digital services, driving the regional market expansion. These features and additional functionality to their key video communications solution assist customers to connect and collaborate effortlessly across the video at the time these trying times. Aug-2020: Zoom Video Communications collaborated with BenQ, the internationally renowned innovator of visual display technology and digital lifestyle devices. 4 North Main Street, Selbyville, Delaware 19975 USA Vendors are creating new solutions to address the increased competition for video products and services in the BASF. The hardware industry have accounted for a sizable overall revenue of over 49% in 2021, owing to the increased usage of endpoints such as laptops, smartphones and desktops equipped with high-resolution cameras. Moreover, the implementation of Electronic Health Records (EHRs) has enabled healthcare companies to provide customized telemedicine services to their patients. Moreover, a significant increase in mobility needs of remote workforce and workers has been witnessed, which would further complement the market growth of this segment worldwide. The growing number of technology and service-based start-ups in emerging nations like India and China is anticipated to bolster the regional market growth. The global video conferencing market was valued at USD 3 billion in 2019 and is anticipated to reach USD 7 billion by 2026, expanding at a CAGR of 10% during the forecast period, 2020 - 2026. The increasing usage of advanced digital solutions across the corporate sector will enhance the industry outlook. Given the rising product acceptance as a medium of communication and cooperation among employees, the development prospects for corporation video conferencing solutions were predicted to be stronger prior to the pandemic. The collaboration helps BenQ to fulfil its commitment to meet prevailing and upcoming demands for corporate visual communication and video conferencing. Furthermore, the use of video conferencing, such as to conduct routine meetings, assign business deals, and hold job interviews of candidates, eventually paving the way for higher market growth during the forecast period. Press release - Stratagem Market Insights - Video Conferencing Rentals Market Analysis by Size, Demand, Future Trends, Challenges, Growth Opportunities and Forecast by 2029 - published on openPR.com Cloud technology improves connectivity by providing simple access to video conferencing services via many platforms, such as mobile devices and laptop computers. Aug-2020: Poly joined hands with RingCentral, a leading provider of global enterprise cloud communications, collaboration, and contact centre solutions. Video Conferencing Market was valued at USD 4.58 Billion in 2021, and it is expected to reach USD 9.06 Billion by 2029, exhibiting a CAGR of 8.9% during the forecast period (2022-2029) Videotelephony is the two-way or multipoint receiving and transmission of audio and video signals by persons in various places for real-time communication. The market growth of the hardware segment can be attributed to the growing development and acceptance of endpoints, including smartphones, laptops, and desktops fortified with high-resolution cameras, speakers, and microphones. Together, the companies would work on a new solution for better customer experiences in meeting rooms via video and audio. Conferencing is also helping organizations to find and analyze better content of meeting at a faster pace and with more ease and effectiveness by modernizing and simplifying the business process. The North America region accounted 40% market share in 2021 and will lead the global video conferencing market in the near future. Video Conferencing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Service); By Deployment (On-Premise, Cloud); By Application (Consumer, Enterprise); By End-Use; By Region; Segment Forecast, 2021 - 2028 Published Date: Oct 2021 Pages: 123 Format: PDF Report ID: PM2038 Base Year: 2020 The global video conferencing market was valued at ~ US$ 6 Bn in 2019 and is expected to expand at a CAGR of ~ 9% from 2020 to 2030, reaching US$ ~ 16 Bn by the end of the forecast period According to the report, the global video conferencing market will continue to be influenced by a range of macroeconomic and industry-specific factors. Video conferencing market is growing on the backdrop of companies expanding their . USA: +1-302-846-7766 The global video conferencing market is expected to decline from $7.87 billion in 2020 to $6.03 billion in 2021 at a compound annual growth rate (CAGR) of -23.35%. Nutrition & Animal Feed, HVAC Perhaps we will see a new wave of restrictions in different areas of life. Research, Media This practice has drastically cut corporate travel expenditures while increasing company levels of productivity. The key aspect, which is fueling the growth of the video conferencing market, is the increasing demand for video communication due to the globalization of companies with scattered business operations across the world. Jan-2020: Microsoft came into partnership with Genesys, a company that sells customer experience and call centre technology to mid-sized and large businesses. Video Conferencing Market Size (2022 - 2027) The Video Conferencing Market was worth US$ 9.2 billion in the year 2020, and it is estimated to reach a valuation of US$ 22.4 billion by the end of 2026, expanding at a CAGR of 11.4% between 2021 and 2026. Moreover, the technologies have helped companies to incorporate advanced features to their existing video conferencing products & solutions and provide an enhanced meeting experience to the end-users. Component (Hardware, Software, Services), Type, Application and Region, Growing demand for unified communication in the U.S. and Europe, Increasing trend of work from home and online learning globally, Demand for high-speed communication infrastructure in Asia Pacific, Increasing trend for cloud applications in Latin America, Rising need to reduce communication cost among organizations. CHICAGO, Dec. 2, 2022 /PRNewswire/ -- The global Video Conferencing Market size is projected to register a CAGR of 12.6% during the forecast period, reaching USD 19.1 Billion by 2027 from an . CHICAGO, Dec. 2, 2022 /PRNewswire/ -- The global Video Conferencing Market size is projected to register a CAGR of 12.6% during the forecast period, reaching USD 19.1 Billion by 2027 from an. Organizations are able to reach a wider audience, connect with them more effectively, and quickly engage audiences with the aid of video conferencing for marketing objectives. In addition, the high adoption of telemedicine services in developed regions has considerably augmented the growth of the healthcare segment. The market is primarily segmented on the basis of component, deployment, application, end-use, and region. The global video conferencing market size is expected to reach USD 9.95 billion by 2028 with a CAGR of 11.4% over the forecast period. New York, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Video Conferencing Market by Component, Application, Deployment Mode, Vertical and Region - Global Forecast to 2027" - https://www.reportlinker.com/p06071890/?utm_source=GNW By facilitating greater connection with the customers and improving their relationship with the company, video conferencing solutions assist in improving customer engagement.The major market players, such as Microsoft, Huawei, Cisco, Adobe, and Zoom Video Communication have adopted numerous growth strategies, which include acquisitions, new product launches, product enhancements, and business expansions, to enhance their market shares. By deployment mode, cloud segment to lead market during forecast periodDue to its lower cost compared to on-premises solutions, cloud-based video conferencing systems are predicted to become more popular.Utilizing cloud-based video conferencing solutions gives businesses the flexibility they need to adapt to the changing business environment.When SMEs and large businesses implement cloud-based video solutions, they can concentrate on their core capabilities rather than IT procedures. Jul-2020: Amazon Web Services extended its partnership with Slack, a proprietary business communication platform. For each region, the market size for different segments has been covered under the scope of report. 2022. However, the increased preference for cloud technology is projected to impede segment development in the future years. The European market is projected to expand at a rapid rate of CAGR. As a result, the pandemic leads to the cancellation of different corporate events, including trade shows, product launches, international seminars, investors presentations, and more. Moreover, Asia Pacific is expected to observe a high CAGR in the global market in 2020. & Defense, Automotive Dec-2020: Cisco expanded its portfolio of collaboration devices developed to empower the remote worker and allow a secure return to the office. In addition, more than 50 innovations introduced into three groups including effortless collaboration, intelligent customer experiences, and smart hybrid work experiences, everything based on the rock-solid safety and privacy synonymous with Cisco. Feb-2020: Logitech joined hands with Newline Interactive, a manufacturer of award-winning interactive displays, intuitive software, and other interactive innovations. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). Also, the rising demand for video based communication, virtual administrative management and cloud technology based collaboration tools are important drivers influencing market expansion in positive manner. The above information has been provided for the following regions and countries: Get a report that explains COVID-19 impact on this market. Inc. France Video Conferencing Software Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Deployment Model (On-Premise, Cloud), By Enterprise Size (Small, Medium, Large) And By Industry Vertical (Education, Communication And Technology, Defense, Healthcare, BFSI, Others) - Forecasts From 2022 To 2027 . The growing integration of technologies, such as Artificial Intelligence (AI), machine learning & the Internet of Things (IoT), in video conferencing products & solutions is propelling the industry growth. With the all-day free calling feature, Microsoft Teams customers would also give the choice to involve up to 250 participants in a group chat and display 49 participants on the screen in the virtual chats. Video Conferencing research study defines market size of various segments & countries by historical years and forecast the values for next 10 years. " Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. This agreement extends the relationship among the two companies, allowing Zoom to swiftly scale its service on the leading cloud, increasing the challenges brought by the COVID-19 pandemic, and provide reliable services & continuous innovation for its expanding base of corporate & individual users. Toll Free: +1-888-689-0688 May-2020: Huawei introduced its next-generation IdeaHub series intelligent endpoint for the all-scenario smart office ecosystem. The U.S. video conferencing is projected to witness 19% CAGR up to 2027 on the back of the adoption of technologically advanced cloud-based solutions across Microsoft Corporation, Google LLC and Zoom Video Communications Inc. Owing to the introduction of touch screen control and faster processing chipset, the desktop video conferencing is gaining more customer interest and is likely to grow at 27% CAGR through 2027. New Jersey, United States - The Video Conferencing Market is researched with great precision and in a comprehensive manner to help you identify hidden opportunities and become informed about unpredictable challenges in the industry. The software segment is expected to witness highest growth at a CAGR of over 13.5% from 2022 to 2030. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Google Meet Series One room kits are developed for organizations, which have embraced the idea of having better flexible, distributed teams in the coronavirus pandemic. The video conferencing market is expected to grow with a CAGR of 9.5% during the forecast period of 2019-2025. Jun-2020: Microsoft teamed up with AVer Information, provider of video conferencing solutions. Kindly, let us know if you are interested), No cookie-cutter, only authentic analysis take the 1st step to become an Precedence Research client. Our Furthermore, due to the closure of office spaces, employees have started working from home and are utilizing these products & solutions to conduct discussions & run daily operations. & Advanced Materials, Sustainable This partnership focuses on enabling users to add Amazon Chime to their Comcast bill. The outbreak of the COVID-19 pandemic is sweeping all over the world, tapping countries, communities, and societies under enormous pressure. Video conferencing is a technology that allows users in distinct locations to hold face-to-face meetings deprived of the requirement to move to a single place together. As a result, to which in January 2020, U.S.-based Lifesize, Inc. completed the partnership with Tech Data to offer video conferencing services in remote areas of New Zealand and South Korea more effectively, which is expected to bolster the market growth. Global Cloud Video Conferencing Market Size was estimated at USD 7062.1 million in 2021 and is projected to reach USD 14662.05 million by 2028, exhibiting a CAGR of 10.82% during the forecast period. " According to the research report published by Polaris Market Research, the Global Video Conferencing Market Size Is Expected To Reach USD 32.70 Billion By 2028, at a CAGR of 19.8% during the forecast period. 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. This collaboration aims to provide video conference solutions from Zoom Video Communications on its digital signage & interactive displays. Through this latest Microsoft Teams features, customers could enjoy more connectivity, decreased meeting fatigue & better inclusive meetings, along with saving time. Trends such as the increasing transition towards cloud and. There were about 5.5 million small businesses in the UK at the start of 2021 and SMEs held more than 99% of the business population (5.6 million businesses). This acquisition would help Adobe with more efficiency, collaboration and productivity benefits to marketing teams that are challenged with siloes work management solutions. Report Scope of theVideo Conferencing Market. Nevertheless, the outbreak prompted an increase in the market for consumer solutions, prompting industry participants to add increased attributes to their goods and services in order to reach a bigger client base. The Corporate Communications market dominated the Global Video Conferencing Market by Application 2020, growing at a CAGR of 15.5 % during the forecast period. This launch focuses on increasing efficiency for enterprises, especially remote collaboration at the time of social distancing. The global video conferencing market size was accounted for USD 3.85 billion in 2019 It is anticipated to grow at a CAGR of 9.9% over the forecast period, 2020 to 2027. Corporations in the video conferencing industry see significant economic opportunities in healthcare industry. The U.S. video conferencing market is forecast to register growth rate of above 19% through 2027, led by the growing adoption of cloud-based solutions. Market size comparison for 2020 vs 2025, with actual data for 2019, estimates for 2019 . This launch aimed to connect remote workers, users and partners in the ongoing Covid-19 pandemic. The global video conferencing market size is segmented based on component, type, deployment, application, and region. The global Video Conferencing market size is projected to reach multi million by 2028, in comparision to 2021, at unexpected CAGR during 2022-2028 (Ask for Sample Report). Over the projection timeframe, the cloud deployment sector is expected to increase at a considerable pace of roughly 14.5%. The report covers: Global Video Conferencing market sizes from 2020 to 2025, along with CAGR for 2020-2025. Meetings are an essential part of achieving efficient management. The global video conferencing market as a whole is expected to reach 9.95 billion in value by 2028 with a CAGR of 11.4% according to market prospects. The most important features consist of co-host offerings for managing Breakout Rooms, spotlighting & multi-pinning video feeds, the capability to utilize slides as a virtual background, High-Fidelity Music Mode, etc. Significant growth is being driven by increased urbanisation, which is crucial for the usage of video conferencing. Forecast Year . (FnF Research, 2020) Video conferencing is part of the Communication Platform as a Service (CPAS) market, which is forecasted to reach $17.2 billion in 2023. The global video conferencing market share is expected to grow at a CAGR of 15.45% during the forecast period 2021-2030. . Tags: Video Conferencing Video Conferencing Industry Video Conferencing Market Video Conferencing Market size. Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, We use cookies to enhance user experience, Industry Furthermore, rising corporate R&D investments are expected to improve Europe's share in the market in the coming years. It helps healthcare providers in patient care and telemedicine, healthcare administration applications, and medical education to deliver improved patient care by offering them enhanced communication options. North America video conferencing market was valued at UD$ 2.57 billion in 2021. & Specialty Chemicals, Electronics Moreover, the growing utilization of cloud-based solutions and the implementation of Virtual Reality (VR) in such kinds of solutions have augmented the growth of the market. Global Video Conferencing In Healthcare Market size is expected to reach US$ 709.16 Mn. The report offers valuation and analysis of Video Conferencing market on a global as well as regional level. The robust urbanization which is responsible for the use of video conferencing is driving factor growth. Free Valuable Insights: Global Video Conferencing Market size to reach USD 21.8 Billion by 2027. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation, Google, Inc., and Amazon.com, Inc. are the major forerunners in the Video Conferencing Market. Furthermore, the rising need for operational enterprise communication along with large-scale investment by several organizations for modernizing and simplifying communication networks is further expanding the implementation of video conferencing globally. Citations, How To Adobe Systems Inc., Cisco Systems Inc., Google Inc., BlueJeans Network, Huawei Technologies Co., MediaPlatform, Zoom Video Communication Inc. and Microsoft Corporation are some of the key industry players. The Video Conferencing Market was valued at US$ 464.7 Mn in 2019 and is projected to reach US$ 1577.6 Mn by 2027; it is expected to grow at a CAGR of 16.9% from 2020 to 2027. Based on Deployment Type, the market is segmented into On-Premise and Cloud. Furthermore, the growing use of the Software as a Service (SaaS) platform, which has attracted a large number of small and medium-sized businesses, is driving category growth. Under this collaboration, StarLeaf meetings are accessible on the latest video solutions by Plantronics. The global video conferencing market size is projected to grow to USD 22.5 billion by 2026. Video conferencing is the method of communication that takes help of different kinds of telecommunication technologies with the real-time, two-way transmission of video & audio among people. Cameras and microphones/headphones are two subcategories of hardware segment. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market research report covers the analysis of key stake holders of the market. Globally, governments from the different geographic regions have enforced stringent lockdowns and social distancing policies to control or mitigate the spread of novel coronavirus, which are now widely acknowledged as the most effective way to combat the pandemic. (IDC, 2019) The North America region accounted revenue share of around 40% in 2021. > The Video Conferencing market size is estimated to grow from USD XX Billion in 2020 to USD XX Billion by 2027, growing at a CAGR of 15.55% during the forecast year from 2021 to 2027. Video call platforms market share 2021 vs 2022. Chapter 7 Video Conferencing Market Application Outlook. All rights reserved, Historical Data: Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support. The growing demand for unified communication solutions has led the manufacturers towards the development of more advanced communication solutions. Base Year. The global video conferencing market size is projected to register a CAGR of 12.6% during the forecast period, reaching 19.1 Billion by 2027 from an estimated USD 10.6 billion in 2022. Video conferencing software is a tool used by two parties to communicate via video and audio. The global Video Conferencing Endpoint market size is projected to reach multi million by 2028, in comparision to 2021, at unexpected CAGR during 2022-2028 (Ask for Sample Report). Which region will lead the global video conferencing market? Key Takeaways: The software segment is expected to witness highest growth at a CAGR of over 13.5% from 2022 to 2030. Video conferencing is the method of communication that takes help of different kinds of telecommunication technologies with the real-time, two-way transmission of video & audio among people. The global video conferencing market size was reached at USD 6.85 billion in 2021 and is anticipated to rake around USD 18.56 billion in 2030. In the recent study conducted by Fairfield Market Research, the global video conferencing market was valued at US$6.9 Bn in 2018 and it is expected to reach US$21.1 Bn by 2026, registering a whopping CAGR of 16.6% between 2021 and 2026. For instance, in April 2020, the Indian Supreme Court published a notice to the regional courts to manage the judgments through video conferencing, which has positively impacted the video conferencing market growth. Inc. 2022 All Rights Reserved. Similarly, improvements in pre-installed video cameras in laptops or webcams, offering 4K or 1080p video shooting or capture, has augmented the market demand. AVer Video Collaboration Solutions for Microsoft would be a comprehensive line of AVer USB video conferencing products designed and certified with Microsoft Teams in mind. Key players operating in the industry include Google Inc., Adobe Systems Inc., Avaya Inc., BlueJeans Network, Cisco Systems Inc., LogMeIn Inc., Citrix Systems, Inc., Fuze Inc., Highfive, Microsoft Corporation, Premiere Global Services Inc., Huawei Technologies Co., Ltd., KOLLECTIVE, Lifesize Inc., MediaPlatform, Pexip, Polycom Inc., ReadyTalk, uStudio Inc., Zoom Video Communication Inc., Vbrick, and Vidyo Inc. Geographically, North America dominated the global market due to the robust growth and early adoption of advanced technologies and software associated with video conferencing in the region. What is the Growth Rate of the Video Conferencing Market? The major factors contributing to the growth are the emerging trend of remote working, geographically scattered business operations, and increased globalization. The rising adoption of video conferencing solutions among various large enterprises to set up a communication channel among their employees resides in numerous locations is driving the large enterprises segment. Global Market Insights Inc. There are many companies that have increasingly implemented video conferencing solutions for connecting & better communicating with their employees and to carry out business operations more effectively and efficiently during the ongoing pandemic. This acquisition aimed to improve Cisco's Webex meetings, contact centre, calling, and other voice assets with a strong transcription service, which integrates AI and Automated Speech Recognition (ASR) to unleash the power of any collaboration, such as meetings and calls. Under this collaboration, Avaya integrates the powerful cloud AI solutions from NVIDIA to boost the impact & value of audible, visual & collaborative experiences via the Avaya Spaces app. What are the Main Data Pointers Covered in Video Conferencing Market Report? The global Covid-19 pandemic has impacted every section of society, be it individual or businesses. Europe: 22,695 million USD (2030 value); CAGR: 10.9% The global video conferencing market size is expected to reach USD 9.95 billion by 2028 with a CAGR of 11.4% over the forecast period. Thus these objects promote the adoption of multifunctional workplaces as well.The rise in popularity of online and net banking between clients is expected to fuel the expansion of video conferencing industry trends. The global video conferencing market size is expected to reach USD 9.95 billion by 2028 with a CAGR of 11.4% over the forecast period. The service segment is likely to propagate at an effective rate during the foreseen period, owing to the escalating integration of augmented reality and other key technologies and cloud-based video conferencing services, such as Adobe Connect, LoopUp, and so on, which is likely to enhance customer experience. The enhancement in desktop features, such as touch screen control, in-built stereo speakers, faster processing chipset & higher pixel density, has improved the users video conferencing experience. The Asia Pacific region is expected to grow at a rapid pace. The cloud segment is anticipated to register the largest market size during the forecast period. By vertical, healthcare and life sciences segment to register the highest CAGR during forecast periodThe healthcare and life sciences vertical deals with diverse clinical, administrative, and financial content daily.As a result, video conferencing solutions can be used to consolidate correct clinical information and channelized content insights.By verticals, the healthcare and life sciences segment is projected to register the highest CAGR during the forecast period.Asia Pacific market to register highest CAGR during forecast periodThe video conferencing market is projected to register the highest CAGR in the Asia Pacific region during the forecast period.The various initiatives taken by the government across this region is one of the major factor that drives the adoption of video conferencing solutions in Asia Pacific.The presence of players, such as IBM, Microsoft, Google, Adobe, and Cisco, with specialized offerings makes the video conferencing ecosystem in Asia Pacific highly competitive.Breakdown of PrimariesIn-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the video conferencing market. By Company: Tier I: 55%, Tier II: 20%, and Tier III: 25% By Designation: C-Level Executives: 38%, D-Level Executives: 35%, and Managers: 27% By Region: Asia Pacific: 35%, Europe: 15%, North America: 40%, Middle East & Africa: 10%The report includes the study of key players offering video conferencing.It profiles major vendors in the video conferencing market.The major players in this market include Microsoft (US), Zoom Video Communications (US), Cisco (US), Adobe (US), Huawei (China), Avaya, Inc. (US), AWS (US), Google, LLC (US), HP (US), GoTo (US), Enghouse Systems (Canada), Pexip (Norway), Qumu Corporation (US), Sonic Foundry Inc. (US), Lifesize, Inc. (US), Kaltura Inc. (US), BlueJeans Network (US), Kollective Technology, Inc. (US), StarLeaf Inc. (UK), Dialpad (US), Logitech (US), Barco (Belgium), Fuze Inc. (US), Haivision Inc. (Canada), and Premium Global Services Inc. (US).Research CoverageThis study covers the video conferencing market across segments.It aims at estimating the market size and the growth potential of this market across different segments, such as component, application, deployment mode, vertical, and region.It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.Key Benefits of Buying the ReportThe report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall video conferencing market and its subsegments.It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies.It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.Read the full report: https://www.reportlinker.com/p06071890/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution.

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