Video Conferencing Market Overview:
Video Conferencing Market was valued at USD 4.98 Billion in 2022, and it is expected to reach USD 9.05 Billion by 2029, exhibiting a CAGR of 8.9% during the forecast period (2023-2029).
The qualitative and quantitative research provides an in-depth analysis of regional insights into the Video Conferencing Market and its dynamic trends, industrial development, and market-prominent factors. The research method was used to study the global Video Conferencing Market, and the outcomes were rationally presented in the report published by Maximize Market Research through primary and secondary research.
Video Conferencing Market Report Scope and Research Methodology:
The marker study, which involved market size predictions, statistics calculations, market breakdown, market projections, and data triangulation, was complete, and wide-ranging primary research was carried out to gather data, check and authenticate important figures. It is analyzing important trends and predicts potential changes in the market. This is a crucial phase in the process of choosing a target market, creating new products, and discovering new market segments. To provide vital information throughout the study, all data collected during the market process is submitted to extensive qualitative and quantitative analysis.
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Video Conferencing Market Regional Insights:
Video Conferencing Region witnessed the highest market share in 2022 and is expected to boost significant growth during the forecast period. The increase in demand in the region is driven by stringent norms & regulations, and supporting government policies is to be an important driver of the Video Conferencing Market over the forecast period. The Video Conferencing Market report includes market revenue, geographical situation opportunities, press releases, and an in-depth analysis of the business structure. Several reasons are projected to be advantageous for the region’s Video Conferencing Market, including the region’s increasing aging population, well-developed healthcare infrastructure, supportive governmental policies, and accessibility of medical policy.
Video Conferencing Market Segmentation:
by Component
Hardware
Software
Service
In 2022, the hardware sector had the highest share (47%), component by component. The development is being aided by laptops, cell phones, and desktop computers equipped with high-definition cameras, microphones, and speakers. In 2020, several businesses will adopt the work-from-home paradigm, which has decreased demand for and spending on enterprise-based hardware. Businesses are investing more in individual goods than in corporate hardware as a result of this trend. Hardware sub-segments include microphones, cameras, and headphones.
by Deployment Mode
On-premise
Cloud
In 2022, the on-premise segment, which was based on deployment, held the greatest proportion, at 47%. This is because on-premise deployment is becoming more and more common among large businesses as a result of growing concerns over data theft and efficient information security system maintenance. However, the category is anticipated to grow only marginally during the projected period due to the growing popularity of cloud-based solutions.
by Enterprise Size
Large Enterprises
Small & medium enterprises
In 2022, the large enterprises segment had the highest share (77%), according to enterprise size. Large organizations are the ones who use video conferencing services the most frequently since they need reliable and secure solutions. Corporate network performance is a top priority for large organizations, which also use cutting-edge technology like SD-WAN.
by Application
Consumer
Enterprise
In 2022, the enterprise category had the highest share (84%), according to the application. Conference video endpoints that are built, deployed, and set up in conference rooms and boardrooms are a part of room-based hardware solutions. These are integrated systems that don’t need any additional hardware or software because the codec communicates with other endpoints and transmits visual signals and data.
by End-Use
Corporate
Education
Healthcare
Others
In 2022, the corporate segment had the highest end-user share (28%). The rapid growth of the cloud-based communication and collaboration software industry, which has allowed for the entry of new players, may be credited with the company’s rise to prominence. As the number of remote or geographically scattered teams increases, cloud-based systems for seamless data sharing, collaboration, and communication are becoming more and more well-liked.
Video Conferencing Market Key Players:
1. Cisco Systems
2. Verizon Communications
3. Polycom Inc.
4. Alphabet Inc.
5. Adobe Systems
6. Microsoft Corporation
7. Vidyo Inc.
8. Zoom Video Communication
9. Logitech International S.A.
10. Panasonic Corporation
11. ZTE Corporation
12. Fuze Inc.
13. Huawei Technologies Co.
14. Avaya Inc.
15. Facebook, Inc.
16. Lifesize Inc.
17. StarLeaf
18. Google
19. AWS
20. LogMeIn
21. Enghouse Systems
22. Pexip
23. Sonic Foundry
24. Kaltura
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Key questions answered in Video Conferencing Market are:
- What is Video Conferencing Market?
- What is the forecast period of the Video Conferencing Market?
- What is the competitive scenario of the Video Conferencing Market?
- Which region held the largest market share in the Video Conferencing Market?
- What are the opportunities for the Video Conferencing Market?
- What factors are affecting the Video Conferencing Market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
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