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Video Conferencing Market Estimated to Reach USD 12655.15 MN By 2028, With 11.10% CAGR – Credence Research

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Video Conferencing Market Estimated to Reach USD 12655.15 MN By 2028, With 11.10% CAGR – Credence Research

July 27
19:08 2022
Video Conferencing Market Estimated to Reach USD 12655.15 MN By 2028, With 11.10% CAGR - Credence Research
The key players in the global Video Conferencing market in terms of value include Microsoft (US), Zoom (US), Cisco (US), Adobe (US), Huawei (China), Google(US), Kaltura (US), BlueJeans Network (US), Kollective Technology (US), StarLeaf(UK), HighFive (US), Logitech(Switzerland), Barco(Belgium), Avaya (US), AWS (US), Poly (US), LogMeIn (US), Enghouse Systems (Canada), Pexip (Norway), Qumu (US), Sonic Foundry (US), Lifesize (US), Fuze (US), Haivision (Canada)and Premium Global Services (US).

The latest market report published by Credence Research, Inc. “Global Video Conferencing Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. Global Video Conferencing Market generated revenue of around USD 6729.5 million in 2021 and is anticipated to grow a CAGR of over 11.10% during the forecast period from 2022 to 2028 to reach around USD 12655.15 million in 2028. While cumulative growth opportunity presented by global Video Conferencing is around USD 5925.65 million during 2022 to 2028.

The key growth drivers include the growing tendency of remote working, geographically dispersed company activities, and more globalization. In addition, the growing demand for video conferencing solutions in the education and healthcare sectors is propelling market expansion. As a result of the significant rise in the use of video and teleconferencing systems in recent years, the industry has gained tremendous impetus, particularly during the COVID-19 outbreak following lockout restrictions. The increased requirement for enterprises to use video conferencing to support offshore operations and a work-from-home culture, as well as the rising need for better engagement than voice conferencing, are all predicted to drive revenue growth in the worldwide video conferencing market. Furthermore, the introduction of conferencing systems based on machine learning and artificial intelligence (AI) is the promising growth potential for the sector. However, inexperience with online meeting technology is projected to stymie market revenue growth during the projection period. Remote connections can be disrupted by environmental changes caused by software, hardware, or network issues. The lack of technical help may also be difficult in the event of an interruption. Furthermore, some issues can impede productivity and induce anxiety in employees while video-conferencing, such as heightened self-consciousness regarding appearance, gaze awareness, and transmission delays, which are likely to impede market revenue growth during the projection period.

Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.credenceresearch.com/report/video-conferencing-market

The said research study covers in-depth analysis of multiple market segments based on deployment models, end-users and cross-sectional study across different geographies. The revenue estimates for Government & Defense segment have been evaluated considering different types of government viz. Federal, State and Local. The market, on the basis of deployment model, has been evaluated considering the basic components i.e. hardware, software and services. In order to help strategic decision makers, the report also includes competitive profiling of the leading video conferencing solutions vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments.

The global Video Conferencing market is segmented into Component, Hardware, Deployment Mode, Application, and Geography. The market is categorized based on components: Hardware, Solution, and Services. On the basis of hardware, the market is segmented into Multipoint Control Unit, Hard Codec and Peripheral Devices. On the basis of deployment mode, the market is segmented into On-premises and Cloud. Based on application, the market is segmented as Corporate Communications, Training and Development and Marketing and client engagement. On the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.

Video Conferencing Market Scope

Report Attribute

Details

Market Value in 2021

USD 6279.5 million

Market Value in 2028

USD 12655.15 million

CAGR

11.10%

Benchmarking Year

2021

Past Data

2016 – 2021

Forecast Period

2022 – 2028

Why to Buy This Report-

  • The report provides a qualitative as well as quantitative analysis of the global Video Conferencing market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-to 2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country-level
  • In-depth analysis of the global market segmentation on the basis of Component, Hardware, Deployment Mode, and Application.
  • Research and development investments major players.
  • The global Video Conferencing market report also includes the global, regional, and country-level market analysis along with key market trends, major players analysis, market growth strategies, and key application areas.

Browse Full Report with Complete ToC: https://www.credenceresearch.com/report/video-conferencing-market

Table of Content

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Video Conferencing Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Video Conferencing Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Deployment mode

3.3.2. Application

3.3.3. Component

3.3.4. Indicator

3.3.5. Hardware

3.3.6. Power Range

3.3.7. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Deployment modes

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Video Conferencing Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Video Conferencing Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Video Conferencing Market, by Deployment mode, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. On-premises

6.2.3. Cloud

6.3. North America Video Conferencing Market, by Application, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Corporate Communications

6.3.3. Training and Development

6.3.4. Marketing and client engagement

6.3.5. Others

6.4. North America Video Conferencing Market, by Component, 2016-2028(US$ Bn)

6.4.1. Overview

6.4.2. Hardware

6.4.3. Solutions

6.4.4. Services

6.5. North America Video Conferencing Market, by Hardware, 2016-2028(US$ Bn)

6.5.1. Overview

6.5.2. Multi point Control Unit

6.5.3. Hard Codec

6.5.4. Peripheral Devices

7. Europe

…………..

8. Asia Pacific

……………….

9. Latin America

…………………

10. Middle East

……………..

11. Africa

…………….

12. Global

……………

13. Company Profiles

13.1. Google LLC

13.2. Microsoft Corporation

13.3. Zoom Video Communications Inc.

13.4. Avaya, Inc.

13.5. Cisco Systems, Inc.

13.6. Huawei Technologies Co., Ltd.

13.7. Logitech International S.A.

13.8. Polycom Inc.

13.9. Aver Information Inc.

13.10. Blue Jeans Netwrk Inc.

13.11. Others

List of Figures

FIG. 1 Global Video Conferencing Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Video Conferencing Market Segmentation

FIG. 4 Global Video Conferencing Market, by Deployment mode, 2019 (US$ Bn)

FIG. 5 Global Video Conferencing Market, by Application, 2021 (US$ Bn)

FIG. 6 Global Video Conferencing Market, by Component, 2019 (US$ Bn)

FIG. 7 Global Video Conferencing Market, by Hardware, 2019 (US$ Bn)

FIG. 8 Global Video Conferencing Market, by Geography, 2021 (US$ Bn)

FIG. 9 Attractive Investment Proposition, by Geography, 2021

FIG. 10 Global Market Positioning of Key Video Conferencing Market Manufacturers, 2019

FIG. 11 Global Video Conferencing Market Value Contribution, By Deployment mode, 2021 & 2028 (Value %)

FIG. 12 Global Video Conferencing Market, by On-premises, Value, 2016-2028 (US$ Bn)

FIG. 13 Global Video Conferencing Market, by Cloud, Value, 2016-2028 (US$ Bn)

FIG. 14 Global Video Conferencing Market Value Contribution, By Application, 2021 & 2028 (Value %)

FIG. 15 Global Video Conferencing Market, by Corporate Communications, Value, 2016-2028 (US$ Bn)

FIG. 16 Global Video Conferencing Market, by Training and Development, Value, 2016-2028 (US$ Bn)

FIG. 17 Global Video Conferencing Market, by Marketing and client engagement, Value, 2016-2028 (US$ Bn)

FIG. 18 Global Video Conferencing Market Value Contribution, By Component, 2021 & 2028 (Value %)

FIG. 19 Global Video Conferencing Market, by Hardware, 2016-2028 (US$ Bn)

FIG. 20 Global Video Conferencing Market, by Solution, Value, 2016-2028 (US$ Bn)

…………….

Browse Full Report with ToC, List of Figures and List of Tables: https://www.credenceresearch.com/report/video-conferencing-market

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
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Contact Person: Chris Smith
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Country: United States
Website: https://www.credenceresearch.com/

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