video conference market size

The growth of the market is attributed to the developments and advancement in technology. It offers features such as session recording that can be helpful in revising topics subsequently and chat boxes, where lecturers can instantly share valuable information. Our Sign up today for your free Reader Account. Im 56 and plan to retire at 62. BrandEssence Market Research and Consulting Pvt ltd. Kemp House, 152 - 160 City Road, London EC1V 2NX, Copyright 2022-23 BrandEssence Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence. Email: sales@gminsights.com, Global Market Insights 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). Copyright 2022 Grand View Research, Inc. All rights reserved. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). Mining, Oil & Gas, Food, During the video conferencing market analysis, it was seen that the corporate segment ruled the global market and the trend is predicted to stay the same over the coming period. The video conferencing technology enables content sharing, interactive participation, and live audio-video interaction. With affordable smartphones & internet plans, individuals have access to basic equipment to fulfill several banking formalities through video conferencing. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. | Source: Video conferencing is the conduct of a video conference by various means including teleconferencing, videoconferencing, and web conferencing. 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$21.1 Bn by 2026, registering a whopping CAGR of 16.6% between 2021 and 2026. Reports, Sustainable & Smart The industry is also witnessing substantial growth in the healthcare sector due to the emerging trend of telehealth across the globe. The global video conferencing market size was valued at USD 6.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030. North America is dominating the market due to attendance of well-established companies and high tech acceptance. The Video Conferencing Market was valued at US$ 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. Video Conferencing Market size is set to surpass USD 75 billion by 2027, according to a new research report by Global Market Insights Inc. The worldwide Video Conferencing Market is categorized into Component, Deployment, Application, and Region. His teenage kids have no college savings. & Specialty Chemicals, Electronics The MarketWatch News Department was not involved in the creation of this content. First, it is important to have a good internet connection. The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. ET Additionally, video conferencing can help to improve communication by allowing people to see and hear each other clearly.There are a few things to keep in mind when using video conferencing. The global outbreak of the COVID-19 pandemic forced several organizations to implement remote working, which created a significant demand for video conferencing software and applications such as Google Meet, Zoom, and Microsoft Teams. Video conferencing is the method of communication that takes help of different kinds of telecommunication technologies with the real-time, two-way transmission of . Get Covid-19 Impact Analysis for Video Conferencing Market research report https://www.reportmines.com/enquiry/request-covid19/1653316, The Video Conferencing Market Size and Industry Challenges. The Video Conferencing Market Industry Research Report contains: Purchase this report - https://www.reportmines.com/purchase/1653316 (Price 4900 USD for a Single-User License). 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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. Looking for Ill have both a state retirement plan and Social Security but I also have a child starting college, which I want to pay for. Now, the world is shifting towards globalization and multinational companies are heading towards meetings and video conferences so as to attain effective decisions and outcomes from off-shore branches. Technologies, Custom Dec 05, 2022 (The Expresswire) -- Global Video Conferencing System Software Market (2023-2028) research report . One more major factor powering the development of market is rise in penetration of video conferencing applications in healthcare industries. The software segment is anticipated to witness the highest CAGR of over 13.0% over the forecast period owing to the rising cloud-based subscriptions across several platforms. Design an exclusive study to serve your research needs. The market is expected to grow above a CAGR of 11.45% and is anticipated to reach over USD 9.2 Billion by 2026. The rapid globalization in business and the rising demand for a remote workforce are driving the growth for video conference . Order, Corporate The tool reportedly had more than 100 million meeting participants during that year. This technology can be used for a variety of purposes, such as business meetings, training sessions, and lectures.There are many benefits to using video conferencing. Different applications dedicated for the purpose were launched in the market, offering contactless initial healthcare treatments while staying inside the house. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________, https://www.reportlinker.com/p06071890/?utm_source=GNW. https://www.gminsights.com/industry-analysis/video-conferencing-market. The strict lockdown measures imposed by government bodies resulted in an increase in the number of video conferencing applications. Grand View Research has segmented the global video conferencing market based on component, deployment, enterprise size, application, end-use, and region: Video Conferencing Component Outlook (Revenue, USD Million, 2018 - 2030), Video Conferencing Deployment Outlook (Revenue, USD Million, 2018 - 2030), Video Conferencing Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030), Video Conferencing Application Outlook (Revenue, USD Million, 2018 - 2030), Video Conferencing End-use Outlook (Revenue, USD Million, 2018 - 2030), Video Conferencing Regional Outlook (Revenue, USD Million, 2018 - 2030), List of Key Players in Video Conferencing Market, We never share your personal data. 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. 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. The players operating in the market are focusing on developing their technologies to create robust solution offerings. This factor has encouraged various institutions to opt for complete online classes or hybrid models, offering students multiple options as per their convenience. Do I need professional help? It contains in-depth market research, market trends, and crucial information for the Video Conferencing market. ReportLinker The growing demand for online learning applications will support the video conferencing industry growth. The growing . The COVID-19 pandemic is projected to have an effect on the market for Video Conferencing during the research, raising its worth to USD million. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). In 2020, many individuals were unable to visit hospitals for minor health issues owing to the safety implications due to the COVID-19 outbreak. Solid attendance of business and knowledge process outsourcing firms in the region is also predicted to be a primary booster in the sector. (2022 - 2028). https://www.reportmines.com/enquiry/request-sample/1653316, https://www.reportmines.com/enquiry/pre-order-enquiry/1653316, https://www.reportmines.com/toc/1653316#tableofcontents, https://www.reportmines.com/purchase/1653316, https://www.reportmines.com/enquiry/request-covid19/1653316, Video Conferencing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022 - 2028. Request a Sam. These factors power the culture of the business which assists to improve the business productivity. . . The COVID-19 outbreak led to the development of online banking solutions for the safety of customers. To accurately assess new prospects and forecast emerging momentum, this research looks at historical price patterns, volume, and trend data for the Video Conferencing industry as well as variations in market overvaluations. It also allows people to attend meetings from anywhere in the world. 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. Second, the audio and video quality can vary depending on the equipment being used. & Defense, Automotive On the basis of deployment, the market has been divided into cloud and on-premise. The study also includes a section on market analysis by product category. We stand by our report quality. 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. 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 estimated USD 10.6 billion in 2022, according to report by MarketsandMarkets. The report offers a deep understanding of the Video Conferencing Market, including the latest business development, technologies, drivers, and forecasts. The cloud-based video conferencing systems use soft codecs due to the less expensive hardware requirements, allowing the system to receive & send audio-visual data. Nutrition & Animal Feed, HVAC In corporate sector video conferencing has become indispensable as travels continue to be banned by countries . The report will account for Covid19 as a key market contributor. The study's conclusions might result in lower costs, higher production costs, and higher profits for the overall sector. Based on our analysis, the global video conferencing market share exhibited an average growth of 8.1% in 2020, as . Global Video Conferencing Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, IVIG Manufacturers, Market opportunities, Competitive Analysis, Regional and Country Level. Further, this report also highlights smart strategy adopted by major players and also their market share. 4 North Main Street, Selbyville, Delaware 19975 USA Array Telepresence Inc., Adobe Systems Inc., Cisco Systems, Inc., Avaya Inc., Logitech International S.A., Huawei Technologies Co., Ltd, Polycom Inc., Microsoft Corporation, West Corporation, Vidyo Inc. North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa. The enhancement in productivity amongst the labor force of the enterprises via meeting and video conferences is predicted to trigger the market during the forecast period for enterprise video conferencing. Methodology. Market kinds like Tablet,Computer,Telephone,Others are explored in this research to demonstrate how the market is divided into many categories. Heres how to recognize the signs. Request a Sam. With the onset of the pandemic in 2020, lockdown measures were implemented by regional governments and several schools & colleges were shut down to . Presence of visual data sharing technology and digitization alters the business and is shaping it in a new manner to attain desired objectives. As specific fields such as online education and telemedicine are turning out to be more and more popular in the emerging nations of Asia Pacific, requirement for these solutions in different applications is expected to increase significantly. Im 68, my husband is terminally ill, and his $3 million estate will go to his son. The efficacy of the current marketing initiatives will be assessed in our marketing report, along with recommendations for improvement. 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 COVID-19 market research covers key government initiatives, changes in consumer demand and behavior, spending patterns, supply chain rerouting, and market dynamics. This factor led to an increase in the demand for online consulting for certain health issues. 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). 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%. 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 global video conferencing market size is expected to reach USD 45.91 Billion in 2030 and register a revenue CAGR of 19.5% over the forecast period, according to latest report by Reports and Data. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. The surge in demand resulted in an increase in competition in the market among multiple companies, which led to the companies offering functions, such as group conference, virtual background, and multiple device connectivity options, at almost no costs. In general, the video conferencing is nothing but a real time visual communication session . The Video conferencing market subscriber base is expected to reach 1.1 Billion users by the end 2025 and APAC will account for the maximum number of subscribers. Will I end up supporting him? I want to spend the rest of my days traveling will I have enough money? & Advanced Materials, Sustainable ReportLinker, 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. & Transportation, Bulk December 09, 2022 06:52 ET The Detailed Market intelligence report on theVideo ConferencingMarket applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Video Conferencing Market place for the forecast 2021 2028. The global video conferencing market share is expected to grow at a CAGR of 15.45% during the forecast period 2021-2030. Get more details on this report - Request Free Sample PDF. Im a successful single mother who reconnected with my college sweetheart. Video Conferencing Market Size, Share, Companies & Trends Analysis Report Deployment (On-Premise, Cloud), End-Use (Corporate, Education, Healthcare, Government & Defense, BFSI . As the markets in Europe and US are relatively established in terms of acceptance of video conferencing systems, they are predicted to observe requirement either for replacement or upgradation of systems. The major factors contributing to the growth are the emerging trend of remote working, geographically scattered business operations, and increased globalization Our support available to help you 24 hours a day, five days a week. Similarly, in August 2021, Microsoft announced the acquisition of Peer5, a content delivery network company. 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. Firms in North America are early acceptors of up-and-coming techs and therefore, the area is predicted to stay the biggest market in terms of income over the coming period. The globalvideo 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. ""North America Is Dominating The Market Due To Attendance Of Well-Established Companies And High Tech Acceptance"". Visit a quote page and your recently viewed tickers will be displayed here. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The rapid pace of globalization of businesses, coupled with the growing adoption . 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. The market research report for the Video Conferencing has a total page count of 130. Several major market players are forming strategic alliances with telecommunication companies to gain a competitive edge by offering high-quality services to the end-users. In 2020, Google LLC made its video meeting tool Google Meet generally available to remain competitive. The global video conferencing market size is expected to reach USD 13.18 Billion by 2028, from USD 6.25 Billion in 2021, at a CAGR of 11.25% during the forecast period. The culture of the ronment and business has changed dramatically in the last few years. Global Video Conferencing In Healthcare Market size is expected to reach US$ 709.16 Mn. The market is also witnessing a notable growth in the educational segment with the increasing usage of web conferencing, audio conferencing, and IM for streaming live conferences and delivering notes. APAC: +65-3129-7718 The growth in revenue is lesser as compared to the subscriber base in 2022-2025 because . The market is projected to grow from USD 6.87 billion in 2022 to USD 14.58 billion by 2029, exhibiting a CAGR of 11.3% during the forecast period. The global video conferencing market size was valued at USD 6.28 billion in 2021. Get Sample PDF of Video Conferencing Market Analysis https://www.reportmines.com/enquiry/request-sample/1653316. The growing demand for online learning applications will support the video conferencing industry growth. It can save time and money by eliminating the need for travel. DOWNLOAD PDF. The businesses are set for profitable expansion due to the development of conferencing platforms based on machine learning and . The major players in the global video conferencing market analysis are, Video Conferencing Market Segmentation :-, The Enhancement In Productivity Amongst The Labor Force Of The Enterprises Via Video Conferences Is Predicted To Trigger The Market. Inc. The North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea divisions of the researched regions according to geography make up these divisions. Reasons to Purchase the Video Conferencing Market Report, Phone: USA:+1 917 267 7384 / IN:+91 777 709 3097, Global Video Encoders Market Insights, Forecast to 2028, Global Video Game Streaming Services Market Insights, Forecast to 2028, Global Video Games Advertising Market Insights, Forecast to 2028, Global Video Laryngoscopes Market Insights, Forecast to 2028, Press Release Distributed by Lemon PR Wire, To view the original version on Lemon PR Wire visit Video Conferencing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022 - 2028, COMTEX_420034389/2788/2022-12-01T18:41:13. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. [236 Pages Report] The global video conferencing market is projected to grow at a CAGR of 12.6% during the forecast period to reach USD 19.1 billion by 2027 from an estimated USD 10.6 billion in 2022. Furthermore, increasing popularity of cloud based conferencing and managed video conferencing as well as improved video-interfaces are some of the major factors that will further power the growth of the market for video conferencing all over the world in future. With regards to end-use, the healthcare sector is estimated to record considerable growth over the coming years considering the rising demand for video conferencing solutions in this domain to connect the dispersed teams. The increased command of high-speed data connectivity among consumers is . The Video Conferencing market research report's extensive segmentation makes it possible to assess trends, technological advancements, and market size predictions from 2022 to 2028. The robust urbanization which is responsible for the use of video conferencing is driving factor growth. High demand for telehealth in the healthcare sector is propelling the video conferencing market revenue. Video Conferencing Market size is set to surpass USD 75 billion by 2027, according to a new research report by Global Market Insights Inc.. 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 estimated USD 10.6 billion in 2022 . Video Conferencing Market worth over $75 Bn by 2027. Toll Free: +1-888-689-0688 The video conference can be conducted in real-time or as a pre-recorded event.The purpose of video conferencing is to allow two or more people to communicate face-to-face without being in the same room. Events, Media Avail customized purchase options to meet your research needs: In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. These applications are now playing a major role in facilitating employee collaboration and accelerating digital transformation. Asia Pacific is predicted to surface as the quickest-developing area with a max CAGR over the coming period. The "Video Conferencing Market" subdivides the market based on product categories, applications, growth drivers, trends, research, innovations, and new product launches. Your transaction & personal information is safe and secure. The global video conferencing market size is expected to reach USD 9.95 billion by 2028 with a CAGR of 11.4% over the forecast period. According to the research report, the global video conferencing market in 2019 was approximately USD 4.8Billion. Video Conferencing Market size exceeded USD 15 billion in 2020 and is projected to expand at around 23% CAGR from 2021 to 2027. The growing integration of technologies, such as Artificial Intelligence (AI), machine learning & the Internet of Things (IoT), in video conferencing products & solutions is propelling the industry growth. Home > Pressrelease > Geographically scattered business processes, rapidly increasing requirement for video communication due to globalization of businesses, and remote management of workforce is a major booster for the market. Video Conferencing Market Size (2022 - 2027) The Video Conferencing Market was worth US$ 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. Global Video Conferencing Market is valued at USD 4.70 Billion in 2021 and expected to reach USD 10.20 Billion by 2028 with a CAGR of 11.7% over the forecast period. .covid_form_btn:hover, .covid_form_btn2:hover {color:#fff;} Cloud-Based Video Conferencing Market Size, Share & Industry Trends Analysis Report by Equipment, by Application, by Regional Outlook and Forecast 2023 - 2029 Published: Dec. 8, 2022 at 1:54 a.m. Major drivers for the market include the growing internet penetration to pave way in the digital world. Global Video Conferencing Market, By Component (Hardware, Solution, Services), Hardware (Multi point Control Unit, Hard Codec, Peripheral Devices), Deployment Mode (On-Premises, Cloud), Application (Corporate Communications, Training and Development, Marketing and Client Engagement) - Industry Trends and Forecast to 2029.Global Video Conferencing Market Analysis and Size According to a study conducted in 2020, telehealth usage during the initial pandemic period increased from around 1% to as high as 80% across the areas where coronavirus was highly prevalent. & Media, Energy, Rising number of tech and service-supported start-ups in China and India is predicted to power the market development. Video conferencing services are being highly adopted across the small and medium-sized companies to rapidly expand their global operations by deploying a centralized communication platform that uses advanced technologies, including 4G, 5G, and VoIP. Applications are contained in the Corporate Enterprise,Healthcare,Government and Defense,Education,Others part of the market sector. Global Video Conferencing Market was worth USD 8.1 billion in 2021 and is further projected to reach USD 19.2 billion by the year 2028, exhibiting a CAGR of 13.2% in the forecast period. There is a continuous extension of internet-supported services to improve the quality of video conferencing and launch of fast internet networks has powered the requirement for enterprise video conferencing over the last years. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. The MarketWatch News Department was not involved in the creation of this content. America as a region has been a major contributor to the global video . Global Video Conferencing Industry report covers extensive analysis of emerging trends and competitive landscape. The growing popularity of globalized working models has seemingly made video conferencing inevitable across several organizations. This report has a service guarantee. Dec 01, 2022 (Reportmines via Comtex) -- 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. The growth of this market is driven by the surge in innovations in the field of video conferencing, coupled with the robust market growth in penetration of video conferencing solutions in the . Global Video Conferencing report covers in-depth historical and forecast analysis. Based on end use, the market is divided into education, corporate, government, healthcare, and defense, media and entertainment, and BFSI. Video Conferencing Market Report 2022: Global Market Size, Forecast, Insights, and Competitive Landscape - ResearchAndMarkets.com September 30, 2022 05:19 AM Eastern Daylight Time For market players to evaluate their company plans, this market research study's primary objective is to inform them about the consequences of COVID-19. analysis reports for any of your With the onset of the pandemic in 2020, lockdown measures were implemented by regional governments and several schools & colleges were shut down to limit the spread of COVID-19. .covid_form_btn {width: 168px; color: #340f49;} Citations, https://www.gminsights.com/industry-analysis/video-conferencing-market, Aerospace expert team of researchers can create market Get your queries resolved from an industry expert. The rise in demand for video conferencing, particularly during the COVID-19 outbreak, will increase the demand for hardware components, such as codecs, Multipoint Control Units (MCUs), and peripheral devices. The Video Conferencing market research report contains the following TOC: Get a sample of TOC https://www.reportmines.com/toc/1653316#tableofcontents, Sections in Video Conferencing Market Report, Highlights of The Video Conferencing Market Report. Gaslighters have two signature moves: Are you being gaslighted at work? Copyright 2022 MarketWatch, Inc. All rights reserved. USA: +1-302-846-7766 Privacy Policy. Citations, How To 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 The market for video conferencing has seen new . The Adobe Systems,Arkadin Cloud Communications,Cisco Systems,Huawei Technologies,JOYCE CR,Logitech International,Microsoft,Orange Business Services,Polycom,Vidyo,West Unified Communications Services,ZTE contains the top competitors in the market for the Video Conferencing. The rapid expansion of the market is predominantly due to global workforce transformation and growing eLearning and remote learning adoption. Finally, it is important to be aware of body language and facial expressions as they can be easily misunderstood when communicating through a screen. The rise in usage for video banking solutions will boost the North America video conferencing market expansion. Market Size - USD 9.28 Billion in 2021, Market Growth - at a CAGR of 19.5%, Market Trend - Rapid adoption of big data among enterprises. Through this acquisition, the company is focusing on enhancing the Microsoft Teams user experience, especially for corporate customers who are facing challenges due to the limited network bandwidth. Market Report Description. Video conference participants include two or more people who communicate via video and audio feeds. The analysis of the Video Conferencing market research report includes data on the market shares of the leading rivals, current business alliances, product launches, company expansions, and acquisitions. More? Video Conferencing Marketis valued atUSD 4.70 Billion in 2021and expected to reachUSD 10.20 Billionby 2028with aCAGR of 11.7%over the forecast period. Video Conferencing Market size was valued at USD 4.83 Billion in 2021 and is projected to reach USD 11.02 Billion by 2030, growing at a CAGR of 9.6% from 2022 to 2030. Regional estimates are included in the market research study for Video Conferencing along with a value chain analysis, sales breakdown, and competitive position. 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 emergence of the pandemic drastically increased the adoption of telehealth solutions. Presentation, Research The market may be divided into a variety of subgroups based on applications by using the Corporate Enterprise,Healthcare,Government and Defense,Education,Others categories. .covid_form_btn2 {width: 168px; color: #333;} Companies Mentioned. Video conferencing solutions help in taking decisions . For instance, in October 2021, Microsoft Teams added chat functionality to Windows 11 OS, allowing users to instantly chat or make video calls with their teams contact list. Reduction in capital expenditures, flexibility of working via remote locations, increasing requirement for effective communication purposes in corporate enterprise, and owning of powerful tools for communication are supposed to be the major boosters for the video conferencing market over the coming period. This was seen during the video conferencing market analysis. Polaris Market Research recently released a revised report on Video Conferencing Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. 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. Inc. 2022 All Rights Reserved, We use cookies to enhance user experience, Industry Global Video Conferencing Industry report helps to identify opportunities in the marketplace. The newly added Video Conferencing Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2028. needs. The inquiry aids in the discovery of further commercial prospects in the Video Conferencing sector. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? In November 2020, Zoom Inc., temporarily removed the 40-minute time limit globally for promotional purposes. This market research report examines the global and regional markets for the Video Conferencing industry in great detail. & Construction, Healthcare The growing need to set up an affordable, flexible, and scalable communication network for effective team collaboration, communication, and decision-making capability will positively influence the industry statistics over the upcoming years. Video conferencing equipment manufacturing companies such as Starleaf & Polycom are developing innovative solutions to enhance the technology for applications, including Skype and Zoom, to reduce interruptions during meetings. Adobe Inc. AURA Presence, LLC. The heightened demand for these solutions is urging the market players to offer products with enhanced and distinguished features to gain a strong foothold. While the on-premise section added up for the biggest share of the market, the cloud section is predicted to grow at the max over the coming period. Proceed to Buy, Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. The technology helps in processing new accounts & loans and customer authentications & problem resolutions, without in-person presence in the bank. & Medical Devices, Polymers In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2022-2025. The prominent video conferencing market participants include Cisco Systems, Inc., Google Inc., Fuze Inc., Adobe Systems Inc., Avaya Inc., BlueJeans Network, MediaPlatform Inc., LogMeIn Inc., Citrix Systems Inc., Highfive, Microsoft Corporation, KOLLECTIVE, Premiere Global Services Inc., Huawei Technologies Co. Ltd., Lifesize Inc., Pexip, ReadyTalk, uStudio Inc., Zoom Video Communication Inc., Vbrick, Polycom Inc., and Vidyo Inc. Global Market Insights Inc. This surged the need for video conferencing software for conducting online classes. According to SPER Market Research, the Global Video Conferencing Market is during the forecast period (2020-2027). 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 . The COVID-19 pandemic positively impacted the video conferencing market revenue in 2020. please email us hr@brandessenceresearch.com. Research, Media How we got to the highest inflation in 40 years. Besides business communication, video conferencing technology is also gaining momentum for social interaction. Global Market Insights The sudden rise in demand for high-quality virtual meetings & calls encouraged several companies in the industry, such as Google Inc., Microsoft Corporation, Cisco Systems, Inc., and MediaPlatorm Inc., to focus on offering robust video conferencing technologies to consumers. by year 2026 at a CAGR of 9.22% during the forecast period. Europe: +44-742-759-8484 Request a free sample copy or view report summary:Video Conferencing Market Report. Participants, stakeholders, and other parties with an interest in the market research sector can utilize the market research report as a resource. On the other hand, rising facilities of installation and communication of internet supported devices in educational institutes are predicted to develop the requirement for video conferencing all over the world. & Smart Technologies, Conferences & In terms of Components, the Video Conferencing Market is segmented into: The Video Conferencing Market Analysis by types is segmented into: The Video Conferencing Market Industry Research by Application is segmented into: In terms of Region, the Video Conferencing Market Players available by Region are: Inquire or Share Your Questions If Any Before Purchasing This Report - https://www.reportmines.com/enquiry/pre-order-enquiry/1653316, Key Benefits for Industry Participants & Stakeholders. Browse key industry insights spread across 280 pages with 377 market data tables and 37 figures & charts from the report, Video Conferencing Market Size By Component (Hardware [Multipoint Control Unit (MCU), Codecs, Peripheral Devices], Software [On-Premise, Cloud], Service [Professional, Managed]), By Type (Room-Based, Telepresence, Desktop), By Application (Corporate Enterprise, Education, Government, Healthcare), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 2027 in detail along with the table of contents: The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 - 2026. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. 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