Video Conferencing Market was valued at a worth of USD 20 billion in 2021 and is expected to grow at a CAGR of more than 10% during the forecast period 2022–2031.
The two-way or multipoint receiving and transmitting of audio and video signals by individuals at diverse locations for real-time communication is known as videotelephony. Additionally, it is referred to as video teleconferencing and video conferencing. A videophone is a phone with a built-in camera and screen that enables simultaneous speech and visual communication. In contrast to individual meetings, a videoconference uses this technology for group or organisational meetings. Through the use of video conferencing, people can hold face-to-face meetings online without having to go to a specific location. Due of the time, money, and hassle savings associated with business travel, this technology is particularly helpful for people who travel between cities or even countries on business.
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Key Players
Some of the major players operating in the market are Cisco, Polycom, Microsoft, Avaya, Zoom, VBrick, BlueJeans, uStudio, Highfive, Kollective… The market is highly fragmented due to large number of players in the space.
By Component
• Hardware
• Software
By Type
• Room based
• Telepresence
• Desktop
By Application
• Corporate Enterprise
• Education
• Healthcare
• Government
• Others
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
Key Points:
- Define, describe and forecast The Global Market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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Frequently Asked Questions About This Report
- How big is the Market?
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- How has the Covid-19 pandemic affected the Market?
- What is the leading solution segment in the Market?
- What is the leading deployment segment in the Market?
- Which enterprise segment accounted for the largest revenue share in the Market?
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