The Business Research Company’s Video Conferencing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Video Conferencing Global Market Report 2023 evaluates video conferencing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global video conferencing market size will grow from $6.62 billion in 2022 to $7.26 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the video conferencing is expected to grow to $10.44 billion in 2027 at a CAGR of 9.5%.
The launch of 5G technology contributed to the growth of video conferencing market during the forecast period. 5G enhances video conferencing attributing to faster networks, higher frequency radio bands, and more reliable connections. The improved network speeds and bandwidth capacity can support top-quality calls in HD or even 3D without delay or other interruptions found in the busy 4G network. The development of 5G at reasonable rates has put remote work at the forefront of video conferencing. According to Ericsson’s network coverage report, 5G is expected to cover up to 65% of the world’s population by 2025. Increased network speed and capability with the launch of 5G technology to enable high-quality video conferences is projected to contribute to the video conferencing market growth.
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The video conferencing market segments in the report are:
1) By Conference Type: Telepresence, Integrated, Desktop, Service-Based Video Conferencing System
2) By Deployment: Cloud, On-Premises
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By End-Use: Corporate, Education, BFSI, Media And Entertainment, Government And Defense, Other End Users
The table of contents in TBRC’s video conferencing market report includes:
1. Executive Summary
2. Video Conferencing Market Characteristics
3. Video Conferencing Market Trends And Strategies
4. Video Conferencing Market – Macro Economic Scenario
5. Video Conferencing Market Size And Growth
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26. Africa Video Conferencing Market
27. Video Conferencing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video Conferencing Market
29. Video Conferencing Market Future Outlook and Potential Analysis
30. Appendix
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