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Video Conferencing Market 2020 – Global Industry Size Estimation, Research Update, Future Scope, Revenue, Pricing Trends, Growth Opportunity, Regional Outlook and Forecast to 2024

KandJ market research added a new market research report on Global Video Conferencing  Market Research Report 2020-2024 in the database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the market. The Research has the ability to help the decision-makers in the most important market in the world that has played a significantly important role in making a progressive impact on the global economy.

Report Overview

The Video Conferencing  market report we provide to our readers contains comprehensive data on a specific product/service, available in this industry. We want to perform in-depth analysis, to obtain a comprehensive understanding of the Video Conferencing  market. It starts off by going to the basics of the product/service, which is to take a look at the industry definition. The Video Conferencing  market report identifies and analyzes the factors which contribute and hamper the growth of this line of business. At the same time, we identify the current value of the Video Conferencing  market, with the estimated financial worth, at the end of the forecast period, 2020 – 2024.

One metric we use to understand the potential growth of the Video Conferencing  market is to calculate the CAGR. It helps provide accurate data, improving the quality of the data collected for this report. We make sure to analyze all the information available in this document, to ensure it meets our standards. In this report, the reader will learn which elements are responsible for creating demand for the product/service under observation. At the same time, the reader will also get to know about product/service types, that boost the popularity of this industry.

COVID-19 can affect the global market in 3 ways: by directly affecting the production and demand, by creating supply chain and market disturbance, and by its financial impact on enterprises and financial markets.

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 The Video Conferencing  market report helps the reader understand which factors cause significant growth in this industry. Our readers will have access to comprehensive information, as it is our goal to educate interested parties about this line of business. For the years 2016 – 2020, this Video Conferencing  market report provides all the necessary data, to justify the predicted growth. If you want to learn how the market will perform for Video Conferencing  from 2020 – 2024, continue reading this report.

Market Analysis by Key Players

  • Adobe Systems
  • Arkadin Cloud Communications
  • Cisco Systems
  • Huawei Technologies
  • JOYCE CR
  • Logitech International
  • Microsoft
  • Orange Business Services
  • Polycom
  • Vidyo

Market Segmentation

For the purpose of making the information available on Video Conferencing  market comprehensive, we segmented the industry. The reason is that it helps our readers learn in-depth about this line of business. The segmentation of the Video Conferencing  market is as follows – distribution channel, product type, region, and application. When it comes to application, it deals with end-users, who are responsible for generating demand for the product/service. Product type refers to the different variants available in the final report. We use distribution channel, to understand the various sources companies use to supply the product/service to the consumers.

Market Analysis by Type

  • General Type

Market Analysis by Applications

  • Corporate Enterprise
  • Healthcare

The Final Report Will Include the Impact of COVID – 19 Analysis in This Video Conferencing  Industry. Enquiry about COVID-19 updates for the Video Conferencing  Market Report @  https://www.kandjmarketresearch.com/enquiry/478514

Market Analysis by Regions

  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • South America (Brazil, Argentina, Columbia)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Regional Overview

In the regional overview portion, the Video Conferencing  market report has data from countries all over the world. Each region is responsible for contributing to the growth of this industry. From the available data, we will identify which area has the largest share of the market. At the same time, we will compare this data to other regions, to understand the demand in other countries. North and South America, Asia Pacific, Middle East and Africa, and Europe are the areas of interest in this Video Conferencing  market report.

Latest Industry News

We will cover government policies, which favor or go against the Video Conferencing  market, as we believe this can change the level of growth. At the same time, technological advancements which have the power to influence the growth will appear in the latest industry news.

The Final Report Will Include the Impact of COVID – 19 Analysis in This Video Conferencing  Industry. Read Full Summary of the Research Study at @ https://www.kandjmarketresearch.com/reports/478514-global-video-conferencing-market-research-report-2020-2024

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Video Conferencing Market – Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2026

The Video Conferencing market report 2020-2026 provides in-depth study of market competitive situation, product scope, market overview, opportunities, driving force and market risks. Profile the Top Key Players of Video Conferencing, with sales, revenue and global market share of Video Conferencing are analyzed emphatically by landscape contrast and speak to info. Upstream raw materials and instrumentation and downstream demand analysis is additionally administrated. The Video Conferencing market business development trends and selling channels square measure analyzed. From a global perspective, It also represents overall industry size by analyzing qualitative insights and historical data.

Key players operating in the global Video Conferencing market includes : Adobe Systems, Arkadin Cloud Communications, Cisco Systems, Huawei Technologies, JOYCE CR, Logitech International, Microsoft, Orange Business Services, Polycom, Vidyo, West Unified Communications Services, ZTE, and among others.

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Key Target Audience of the Video Conferencing market: 

    • Distributors, Dealers, Suppliers & Manufacturers
    • End Users (Private Customers and Business Groups)
    • Government Bodies & Regulating Authorities
    • Investment Banks

Video Conferencing Market

Scope of Video Conferencing Market: 

The global Video Conferencing market is valued at million US$ in 2019 and will reach million US$ by the end of 2026, growing at a CAGR of during 2020-2026. The objectives of this study are to define, segment, and project the size of the Video Conferencing market based on company, product type, application and key regions.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Video Conferencing market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Video Conferencing market.

The report offers an exhaustive geographical analysis of the global Video Conferencing market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

The end users/applications and product categories analysis:

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application.

      • Corporate Enterprise
      • Healthcare
      • Government And Defense
      • Education
      • Others

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type.

      • Static Telepresence
      • Robotic Telepresence

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Video Conferencing Market – The Regional analysis covers:

      • North America (U.S. and Canada)
      • Latin America (Mexico, Brazil, Peru, Chile, and others)
      • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
      • Eastern Europe (Poland and Russia)
      • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
      • Middle East and Africa (GCC, Southern Africa, and North Africa)

Key Findings & All Data Available in Video Conferencing Market Report:

      • Analyzing the outlook of the Video Conferencing market with the recent trends and SWOT analysis.
      • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
      • Market dynamics scenario, along with growth opportunities of the Video Conferencing market in the years to come.
      • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Video Conferencing market.
      • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
      • Competitive landscape involving the Video Conferencing market share of major players, along with the new projects and strategies adopted by players in the past five years.
      • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
      • Porter’s Five Forces Analysis to highlight the power of buyers and suppliers.

And Many More….

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Video Conferencing Market : Year 2020-2027 By World With Top Key Players Like Adobe Systems , Zoom, Avaya , Cisco Systems, Google, Lifesize, Microsoft, Polycom, ZTE Corporation

The objective of Video Conferencing market report is to provide a detailed analysis of ICT industry and its impact based on applications and on different geographical regions, strategically analyse the growth trends, and future prospects. By keeping in mind the way people live, believe, and expend, market research analysis has been carried out to provide quality market insights. The company profiles of all the key players and brands that are dominating the Video Conferencing market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report.

Video Conferencing report is most relevant, exclusive, fair and creditable international market research report which converts complex market insights into simpler version. With this Video Conferencing report you can focus on the data and realities of ICT industry which helps to keep you on the right path. Video Conferencing market report is mainly segmented based on type, application, and region. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. This Video Conferencing market analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimate forecast frame.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Video Conferencing Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The stupendous growth of global industrialization is majorly attributed to large enterprises. However, the small scale and medium scale enterprises also play a critical role in driving industrialization. The developed and developing countries have been continuously witnessing an increase in the number of small and medium enterprises (SMEs) over the past couple of years. As the SMEs across the globe are establishing multiple offices to enhance the productivity and profit year-on-year,the deployment of video conferencing tools is surging rapidly among the SMEs, with an objective to interact with remotely or disparately located teams. The rising demand for virtual video meeting solutions is boosting the growth of the video conferencing market.

Competitive Landscape: Video Conferencing market
•Adobe Systems
•Zoom
•Avaya
•Cisco Systems
•Google
•Lifesize
•Microsoft
•Polycom
•ZTE Corporation

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The US industries continue to expand their business units across the nation’s borders. This is majorly attributed to the fact that the US government supports the well-established and emerging companies or the SMEs to expand their businesses. The strong financial support from the government enables SMEs and emerging companies to grow their businesses by expanding and incorporating newer and robust technologies such as establishing video conference set up at the new workspace. Thus, with continuous financial support from the government, the demand for video conferencing solutions is expected to rise.

The APAC countries are the fastest-growing economies in the world. The region has been experiencing unprecedented growth and advancements in recent decades. A significant number of SMEsin China and Indiaare reforming international commerce and the global economy. The countries are experiencing substantial growth in the number of SMEs, which have the potential to drive respective country as well as Asia’s economy. On the other hand, a major part of the ASEAN economy consists of the SMEs, accounting for between 89% and 99% of total establishments, and between 52% and 97% of total employment in the 10ASEAN Member States (AMSs).

Chapter Details of Video Conferencing Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Video Conferencing Market Landscape
Part 04: Video Conferencing Market Sizing
Part 05: Video Conferencing Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Video Conferencing Market
• Key market trends cracking up the growth of the Video Conferencing Market
• Challenges to market growth.
• Key vendors of Video Conferencing Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Video Conferencing Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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Video Conferencing Market Size, Share And Development By 2026 | Fortune Business Insights

The growing demand for next-gen communication tools is likely to expand the global video conferencing market during the forecast period. Fortune Business Insights in a report, titled “Video Conferencing” Market Size, Share and Global Trend By Component (Hardware & Software), By Industry Vertical (Corporate Enterprise, Health Care, Government, and others) and Geography Forecast till 2026,” states that rapid urbanization and automation is one of the chief drivers of the market. In addition to this, these advances are expected to transform the future of next-gen tools.

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Introduction of Disruptive Technologies such as VaaS Bodes Well For the Market

Video conferencing enables real-time sharing of high-quality audio and video images among multiple sites. In addition to this, video conferencing solutions provide on-demand services via over-the-top video distribution. Rising awareness about these benefits is expected to drive the market in the upcoming years. Furthermore, video conferencing technology enables its users to experience live streaming videos, which in turn, is likely to fuel demand for video conferencing systems by 2026. Rapid development in audio and video cloud streaming services is another factor boosting the market’s growth. The market for advanced video communication solutions is growing at a rapid pace, which acts as a potential growth trigger.

Video Conferencing Market Landscape and Market Scenario Includes:

  • Current market size estimate
  • Revenues by players Top Companies
  • Market size by product categories
  • Market size by regions/country

“High-end developers are investing their time to develop innovative video conferencing solutions,” said a lead analyst at Fortune Business Insights. “The rising adoption of emerging technologies such as machine learning and artificial intelligence (AI) is further expected to help developers build advanced video conferencing software,” he added. To add to this, some of the recent developments in the market include the adoption of AI and cloud streaming services in online conference videos.

The rising demand for next-generation communicating tools, urbanization, and automation are some of the other factors likely to fulfill the changing customer requirements. This, as a result, is anticipated to enable growth in the market.

Video conferencing can be used in several areas such as digital classrooms, smart factories, automated talent acquisition, e-healthcare, and video-driven customer engagement. The upsurge in cloud computing services is expected to push growth in the video conferencing market. The rising penetration of social media platforms such as WhatsApp, Google Duo, Skype among others in smartphones and tablets is driving the market.

Key Market Driver – Increased adoption of Video as a Service (VaaS), growth in video cloud streaming online service

Key Market Restraint – Network complexity and technical difficulties involved in video streaming

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Major Segments Mentioned:

1. By Component

  • Hardware
    • Camera
    • Codec
    • Microphone
    • Others
  • Software
    • On-premise
    • Cloud-based

2. By Industry Vertical

  • Corporate Enterprise
  • Health Care
  • Government
  • Education
  • Others

3. By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Growing Number of Online Users in APAC Garners Growth for the Market

APAC is anticipated to hold a major share in the global video conferencing market during the forecast period. This is primarily on account of the high adoption of video-conferencing platforms such as Instagram, Facebook, and their large online customer base. Among countries in this region, Australia and India have the highest adoption of video conferencing solutions owing to their huge online user base. 

The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Important Features that are under Offering and Key Highlights of the Market Report:

  • Detailed overview of Market Share
  • Changing market dynamics of the industry
  • In-depth market segmentation by Type, Application, etc.
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

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Top Players List:

  • Microsoft
  • West Unified Communications Services
  • Adobe Systems Incorporated
  • Arkadin
  • JOYCE CR
  • Vidyo

The integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2026. Additionally, the rising adoption of e-financial services is expected to boost the global market.

Google Duo’s Advanced Cloud-based Services Offer Increasingly User-friendly Solutions

Arkadin Cloud Communications, Adobe Systems Incorporated, Logitech International S.A., JOYCE CR, Orange Business Services, Microsoft Corporation, ZTE Corporation, West Unified Communications Services, and Vidyo, Inc. are some of the leading players operating on the global video conferencing market. Companies are planning to focus on acquisitions, partnerships, and new product launches to stay industry-focussed and broaden their portfolio. For instance, West Unified Communication Services announces the acquisition in 2018 with Flowroute. The aim of this strategic decision was to expand the formers diverse network, especially in APAC. Some of the significant mergers and acquisitions (M&A) in the video conferencing market are listed below:

  • Google Duo implemented cloud-based solutions in its different applications in April 2017. This implementation enables users to send and store audio and video messages up to 30 seconds long.
  • Cisco announced the acquisition of Assemblage Entertainment Pvt. Ltd. in March 2018. The aim of this acquisition was to adopt VaaS in video conferencing apps and strengthen the video conference market.
  • 8X8 acquired Jitsi video communications technology in Oct 2018 to extend its 8×8’s cloud technology platform and improve the company’s video collaboration capabilities.

Queries Addressed In Video Conferencing Market Report:

  • What opportunities are present for the market players to enhance their business footprint?
  • What manufacturing techniques are being implemented in the development of advanced Construction Equipment?
  • Which segment is witnessing huge traction from the consumers?
  • For what purposes, is the market being utilized?
  • How many units are estimated to be sold in 2020?

On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global Video Conferencing market.

As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.

The report also offers insights on the key players operating in the global Video Conferencing market.

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Key Features of Market Research Report:

  • This report provides detail analysis of the Video Conferencing market and have a comprehensive understanding of the market and its commercial landscape.
  • Learn about the various Video Conferencing market strategies that are being adopted by leading companies.
  • It provides a five-year forecast assessed based on how the market is predicted to grow.
  • It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
  • To understand the future scope and outlooks for the Video Conferencing market.
  • Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2026.
  • Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
  • Market Size (sales, revenue) forecast by regions and countries from 2020 to 2023 of industry.
  • The global Video Conferencing market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
  • Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
  • Market Report also mentions market share accrued by each product in the market, along with the production growth.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Major Table of Content for Video Conferencing Market:

5. Global Video Conferencing Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings / Summary

5.2. Market Analysis, Insights, and Forecast – By Type

5.2.1. Telepresence

5.2.2. Integrated

5.2.3. Desktop

5.2.4. Service-based

5.3. Market Analysis, Insights, and Forecast – By Applications

5.3.1. Small Room

5.3.2. Huddle Rooms

5.3.3. Middle Rooms

5.3.4. Large Rooms

5.4. Market Analysis, Insights, and Forecast – By Enterprises Size

5.4.1. Small and Medium Enterprises

5.4.2. Large Enterprises

5.5. Market Analysis, Insights, and Forecast – By Region

5.5.1. North America

5.5.2. Europe

5.5.3. Asia Pacific

5.5.4. Middle East & Africa

5.5.5. Latin America

6. North America Video Conferencing Market Analysis, Insights and Forecast, 2015-2026

6.1. Key Findings / Summary

6.2. Market Analysis, Insights, and Forecast – By Type

6.2.1. Telepresence

6.2.2. Integrated

6.2.3. Desktop

6.2.4. Service-based

6.3. Market Analysis, Insights, and Forecast – By Applications

6.3.1. Small Room

6.3.2. Huddle Rooms

6.3.3. Middle Rooms

6.3.4. Large Rooms

6.4. Market Analysis, Insights, and Forecast – By Enterprises Size

6.4.1. Small and Medium Enterprises

6.4.2. Large Enterprises

6.5. Market Analysis, Insights, and Forecast – By Country

6.5.1. U.S.

6.5.2. Canada

7. Europe Video Conferencing Market Analysis, Insights and Forecast, 2015-2026

7.1. Key Findings / Summary

7.2. Market Analysis, Insights, and Forecast – By Type

7.2.1. Telepresence

7.2.2. Integrated

7.2.3. Desktop

7.2.4. Service-based

7.3. Market Analysis, Insights, and Forecast – By Applications

7.3.1. Small Room

7.3.2. Huddle Rooms

7.3.3. Middle Rooms

7.3.4. Large Rooms

TOC Continued…..!

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Latest TMR Report Explores Impact of COVID-19 Outbreak on Video Conferencing Market

Video Conferencing Market: Introduction

Video conferencing refers to conducting a conference using telecommunication technologies to enable real-time two-way transmission of audio and video. Increasing globalization is encouraging most organizations to shift to conference meetings to enable faster decisions and reduce traveling hassles. In the corporate enterprise sector, video conferencing is predominantly used to enable effective real-time communication over long distances at minimal cost and time, and enhance productivity between teams based in different locations worldwide. Additionally, it saves travel expenses and addresses customer queries. The global video conferencing market is anticipated to expand at a CAGR of ~9% during the forecast period, and was valued at approximately ~US$ 6 Bn in 2019.

Key Drivers of Video Conferencing Market

The video conferencing market is witnessing noticeable growth, owing to the rising adoption of cloud-based video conferencing solutions globally. Increasing prominence of cloud-based video conferencing services has led to the implementation of better encryption and password protection solutions for cloud-based video conferencing systems across the world. Furthermore, growing use of cloud-based solutions and emergence of the 3D technology in video conferencing solutions is also a major factor, which is accelerating demand for this solution globally. According to a report by American Telemedicine Association, more than 200 academic medical centers in the U.S. already offer video-based consulting to clients in other parts of the world.

Video conferencing is a major technology tool used by enterprises to enhance collaboration. Additionally, organizations across the world are increasingly focusing on curtailing costs related to their means of communication in order to extend their reach globally. This has created immense opportunities for the video conferencing market, thereby leading to development of advanced conferencing solutions and services. Furthermore, the rising need to reduce operating costs has led to a recent shift from traditional immersive telepresence systems to software solutions in the video conferencing market. Enterprises across the world seek to deploy cheaper and scalable cloud-based video conferencing solutions to lower the total cost of ownership (TCO).

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Managing business in the global context and increasing adoption of video conferencing solutions by small and medium enterprises (SMEs) are the key factors driving the growth of the video conferencing market globally. Cloud-based video conferencing services offer higher availability and accessibility to end-users, as the infrastructure is managed and maintained at the service provider’s site. Moreover, the rising trend of a mobile workforce and Bring Your Own Device (BYOD) has led to widespread adoption of cloud-based video conferencing services. At present, on-premise holds major market revenue share, whereas cloud based video conferencing is expected to see higher CAGR during the forecast period. Verticals such as healthcare and government & defense are expected to register strong growth in the coming years due to digitization in governance and increasing impact of COVID-19 on different industries.

Key Players in Video Conferencing Market

The global video conferencing market comprises of large as well as mid-sized video conferencing system manufacturers and suppliers. Companies such as Cisco Systems, Inc., Polycom Inc. and Huawei Technologies Co., Ltd., have been able to establish a strong presence in various countries across the world. Vendors present in the video conferencing market are currently focusing on introducing advanced software and integrating new capabilities within the software to enable video conferencing across company boundaries, and meet the need to manage video delivery and quality.

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Video Conferencing Market Evolving technology, Trends and Business Outlook 2020 to 2023

Global Video Conferencing Market Size, Status and Forecast 2020-2023

The Video Conferencing Market report provides a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This market study provides comprehensive data which enhances the understanding, scope and application of this report.

The global video conferencing market with focus on VCaaS and huddle room is dominated with few major market players operating worldwide. The vendors of video conferencing provide conferencing solutions with different features and for different applications. Further, key players of the video conferencing market with focus on VCaaS and huddle room are Cisco Systems, Inc., Microsoft Corporation, LogMeIn, Inc., Zoom Video Communications, Inc. are also profiled with their financial information and respective business strategies.

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Video conferencing refers to a technology that conducts a live and visual communication session between two or more users residing in different geographic locations. In other words, video conferencing provides simultaneous transmission of images, texts, video and audio between two locations.

Video conferencing is important as it provides an improved way of communicating and interacting with employees, colleagues, customers and students. Video conferencing can be segmented on the basis of deployment type (Cloud-based and On-premise), and meeting room (Huddle Room and Mid-sized and Large Conference Room). Cloud-based video conferencing is also known as video conferencing-as-a-service (VCaaS).

VCaaS technology is delivered from the cloud, and allows multiple participants to meet face-to-face through instant HD video without any major investment in hardware, infrastructure, and network. The use of VCaaS is to conduct meetings, webinars and training.

Huddle room is a small meeting space and conference area, replacing specialized VC gear with low-cost video camera, LCD screen and digital whiteboard hardware. A typical huddle room accommodates upto 4-6 people.

The global video conferencing market has increased at a significant CAGR during the years 2015-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The video conferencing market with focus on VCaaS and huddle room is expected to increase due to rise in the number of mobile workers, integration of huddle room with video, increase in access to high quality internet connection, growing millennials comfort with VCaaS technology, surging bring your own device (BYOD) trend in organizations, etc. Yet the market faces some challenges such as security issues, use of pirated video conferencing software, etc.

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Influence of the Video Conferencing Market Report:

-Comprehensive assessment of all opportunities and risks in the Video Conferencing market.
-The detailed study of business strategies for the growth of the Video Conferencing market-leading players.
-Conclusive study about the growth plot of Video Conferencing market for forthcoming years.
-In-depth understanding of Video Conferencing market-particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Video Conferencing market.

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Effect Of Outbreak Of Coronavirus (Covid-19) On Global Video conferencing Market 2020 Growth Factors | Strategic Analysis | Increasing Demand With Leading Key Players | Logitech International SA, Cisco(Tandberg), Avaya (Radvision), Tely Labs, Vidyo

Global Video conferencing Market Study 2016-2026: Growth Drivers, Industry Trends and Challenges, Key Market Players

The Market Data Analytics has published a new report on the global Video conferencing market. The report study offers a potential headway to all the market information and opportunities that are currently prevailing in the global market. Primary and secondary researches were conducted by the research analysts to gather precise and reliable information about the market. Based on the analysis from the research analysts the global Video conferencing market was valued USD XX Million in 2019 and anticipates to register USD XX Million by the end of 2026. The expected growth rate for the market is XX%.

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Segmental Analysis

On the basis of Types, the global Video conferencing market is segmented into Room-based, Telepresence, Desktop. Based on the Application, the market is further categorized into Corporate Enterprise, Education, Government, Healthcare, Others. The regional analysis for the global Video conferencing market is done in five main regions, such as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Regional analysis is not just restricted to the major regions but includes comprehensive analysis of all the developed and developing nations. This helps the market players to step into the untapped market opportunities and gain from the unexplored markets.

Competitive Landscape

The report includes profiling of each and every companies that are operating in the global Video conferencing market. The benefit of this section is that the market players know about how the top market players are strategizing their business plans. It helps them to know about the current competition that they are facing on the global platform. The parameters through which the comparisons can be made include recent product developments, new collaboration and mergers that are benefitting the business, market share, price, production, and supply. Some of the major market players that are enlisted in the report include Logitech International SA, Cisco(Tandberg), Avaya (Radvision), Tely Labs, Vidyo, Huawei, Lifesize, SONY, Kedacom, Starleaf, Arkadin Cloud Communications, ClearOne, ZTE, Adobe Systems Incorporated, Polycom, Yealink.

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Findings in the Video conferencing Market Report

•    Video conferencing Market from 2016 to 2019
•    Video conferencing Market in 2020 (COVID-19 Impact)
•    Video conferencing Market Analysis
•    Video conferencing Market Demand
•    Video conferencing Market Forecast
•    Video conferencing Market Insights
•    Video conferencing Market Price
•    Video conferencing Market Production
•    Video conferencing Market Share
•    Video conferencing Market Supply
•    Trends in the Video conferencing Market

Answers to Important Questions that you will find: 

1. What is the growth potential of the global Video conferencing market?
2. What are the top strategies observed among the industry players?
3. Which regional market anticipates securing the highest market share?
4. How will the competitive landscape change in future?
5. What do the new market entrants need to adapt to remain steady for the future competitive changes?
6. What will be the total production and consumption in the global Video conferencing market by 2026?
7. Which key upcoming technologies can create wonders to the market? How will they impact the global Video conferencing market?
8. What will be the market statistics and position between 2020 and 2026?

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Video Conferencing Market Size, Future Trends, Segmentation, Gross Margin, Opportunity Assessment and Potential of the Industry by 2026

The latest study on the Video Conferencing market presented by Reports and Data provides comprehensive information about the market size and market trends, along with factors impacting the market. The study offers a panoramic view and insights into the market along with a detailed outline of key outcomes of the industry. This information assists the businesses and companies in making strategic business decisions and formulating profitable plans to improve profitability and business. The study provides beneficial help to venture capitalists to understand other companies better and to boost the decision-making process. The report also provides extensive profiles of key competitors operating in the market.

COVID-19 pandemic has wreaked havoc on the world and has brought about an economic slowdown. The report covers an impact analysis of the COVID-19 crisis on the overall industry. The report provides an in-depth analysis of the changing dynamics of the market and emerging trends and demands due to the pandemic. It also offers a current and future impact estimation of the COVID-19 pandemic.

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The dominant and slow-growing market segments are also analyzed in the report to provide a complete understanding of each key segment of the market. Emerging market players are also profiled in the report, along with their transition in the market. Strategic alliances such as mergers and acquisitions, product launches, joint ventures, collaborations, partnerships, agreements, and government deals are anticipated to change the market landscape and are included in the report. The report also provides quantitative and qualitative analysis and statistical data for the forecast period.

Key players of the market mentioned in the report are:

Cisco Systems, Microsoft Corporation, Avaya, Inc., Adobe Systems, ZTE Corporation, NTT Communications Corporation, Lifesize, BT Conferencing, , Visions Connected Netherlands BV, Level 3 Communications, LLC, Vidyo, Inc Pty Limited, Polycom Inc., and Singtel Optus.

Research Methodology:

The research report is formulated by extensive primary and secondary research gathered by the research analysts. The data is further validated and verified by industry experts and have assisted in compiling the parametric estimations of the market for a comprehensive study. The competitive landscape data is provided by SWOT analysis of each market player along with feasibility analysis, investment return analysis, and Porter’s Five Forces analysis.

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The report provides a market forecast for each of the segments of the industry, such as product types and end-user applications.

Component type (Revenue in USD Million; 2016–2026)

  • Solution
  • Services
    • Professional Services
      • System Integration and deployment
      • Technical Support
    • Managed

Deployment type (Revenue in USD Million; 2016–2026)

  • Cloud
  • On-premise
  • Managed

Organization Size (Revenue in USD Million; 2016–2026)

  • Large Enterprise
  • Small and Medium Enterprise

End-User (Revenue in USD Million; 2016–2026)

  • Banking, Financial Service and Insurance
  • Telecom and IT
  • Consumer Goods and Retail
  • Healthcare
  • Public Sector and Utilities
  • Education
  • Travel and Hospitality
  • Other

The research for the Video Conferencing market based on global and regional analysis is an astute process of collecting and organizing the statistical data related to the services and products offered in the Video Conferencing market. The research provides an insight to better understand the needs and wants of the targeted consumer audience.  The report also provides an analysis of how efficient the company is to achieve the set targets. The research report is compiled using customer insights, marketing strategies, competitive landscape analysis, and overall growth trends of the market. The Video Conferencing industry is consolidated by several new players entering the market.

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Regional Bifurcation of the Market: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key offerings of the Global Video Conferencing Market Report:

  • A detailed analysis of key segments of the market
  • Insights on drivers, trends, investments, opportunities, and challenges for each market segment
  • Comprehensive analysis of the key competitors along with their business initiatives, product portfolios, technological advancements, and business strategies
  • Strategic recommendations to key stakeholders and new entrants to assist in business expansions and strategic decision making
  • In-depth study of market constraints, challenges, threats, and risks that will have an impact on the market in the future
  • The report provides insightful information to the business players to help them formulate investment strategies

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Global Video Conferencing Market Report 2020 (Analyzing Impacts Of COVID-19) Competitive Landscape, Trends and Opportunities 2025

Global Video Conferencing market (2020-2026) report highlights Significant dynamics and in-depth analysis of the market segment with concentrating on factual data, present industry activities, growth opportunities, new product inventions, We explore the major forces that shape the Video Conferencing Market latest trends and opportunities and their business models in the years to come. We analyze the technological advancements individually to compile Video Conferencing Industry studies based on customer intelligence, social data, product transformations, smarter markets, convergence and practical applications.

The global video conferencing market is expected to project enormous growth over the forecast period due to the increasing work from home regulatory norm, increasing population to stay at home, increasing adoption of newer methodologies and techniques of online video conferencing applications are acting as the major factors fuelling the organizational demand of a cloud-based video conferencing set up.

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The global video conferencing market is witnessing exponential growth in information technology firms exploring this opportunity to market their models more distinctively. The video conferencing market is expected to be driven by the fact that it saves a huge amount of funds for the company as the requisite meetings can be conducted online. Communication of messages is clear and distinct, as the listener can intervene amid a conference and ask for clarification if required. It helps in creating an augmented environment with less dependence on the volatile labor force which is expensive to maintain as well.

Despite the above mentioned boons, the modular structure does have certain limitations. Online communication tends to lack clarity at times since the exact feelings and emotions cannot be expressed through a webcam. Misinterpretation of facts is a massive constraint in this particular form of communication. In addition to it, data security and privacy is another important element, which needs to be looked after. Companies nowadays are assigning specific login identification numbers to the employees so that such ill practices can be avoided. Face recognition through retina scanning applications are also being adopted.

The global video conferencing market is segmented based on component, deployment, enterprise, end-use, and region.

Based on components, subcategories are hardware, software, and services.

Based on the deployment, submarkets exist in the form of on-premise and cloud. Based on enterprises, sub-segments are in the form of large enterprises and small and medium enterprises.

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Based on end-use, the requisite markets are government and defence, corporate, education, media and entertainment, healthcare, and others.

On the regional front, locations are North America, Europe, Asia, Latin America, and Others.

The major players in the global video conferencing market are Adobe, Cisco Systems, Logitech International S.A., Microsoft Corporation, Huawei Technologies Co., West Corporation, Plantronics Incorporation, and Array Telepresence Inc.

Video Conferencing Market Competitive Landscape & Forecast

The study uses a competitive landscape model in terms of a variety of analytical factors such as market application sales data, sold application volume and identifying the regional distribution where the Video Conferencing market seems at a higher edge. By following through the capabilities & opportunities for the Video Conferencing marketa true sense of the market scape can be gauged. During the forecast period, it helps us clearly define the optimal or favorable fit for our readers which can further helps them adopt better strategies in terms of geographical expansion, R&D and even acquiring further product integration to successfully maneuver their business ventures.

What is COVID-19 Impact on the Video Conferencing Market?

While the ongoing pandemic has affected every major industry, the long term effects are projected in the forecast taking into account the following factors. Our ongoing research is amplified to include the effects of the COVID-19 impacts on every leg of the Video Conferencing market which further helps us push our potential paths forward.

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This study delivers insights on the COVID-19 considering a variety of factors such as changed consumer behavior, latest market dynamics, analyzing purchasing patterns, re-routing supply chains and financial interventions of government bodies. This updated study for Video Conferencing market provides insights, analytics, estimations and forecasts considering the COVID-19 impact on the Video Conferencing market which can help our readers sidestep the impacts as best as they can.

Here is a short look at the T.O.C for the Video Conferencing market:

  • The first half of the chapters covers a step down approach of the Video Conferencing Industry key players that will be mentioned along with an individual company profile and their tried and tested market strategies.
  • The following chapters further includes the ongoing mergers as well as acquisitions w.r.t global Video Conferencing prices which are calculated through a comprehensive sales analysis.
  • The next half of chapters includes a thorough Video Conferencing regional distribution on a global scale as well a national scale.
  • The final chapters of the study includes the regional methodology implemented in the study, the statistical model as well as the latest Video Conferencing industrial trends that were used for calculating the forecast.
  • The T.O.C also concludes the financial feasibilities for investment purposes with an overall conclusion to the study.

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Market Study

Video Conferencing Market 2020 | Insights & Forecast Research Report 2026

Based on the component, the video conferencing market is bifurcated into three segments, namely service, hardware, and software. The service segment is further divided into managed services, and professional services. The hardware segment is divided into Multipoint Control Unit (MCU), peripheral devices, and codecs. Lastly, the software segment is divided into on-premise, and cloud.

Among these, the peripheral devices segment is forecast to grow with a respectable CAGR over the coming years due to the increased adoption of microphones, webcams, and other essential devices that maintains reliable and high quality audio & video.

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The market is classified into room-based, desktop, and telepresence, on the basis of type. Among these the telepresence segment is projected to witness distinguished demand as the ongoing shift towards HD video quality for ensuring effective video conferencing experience picks up steam.

With respect to application, the video conferencing market is divided into corporate enterprise, government, education, and healthcare. Among these, the healthcare segment is anticipated to witness substantial growth. Increased adoption of remote surgery and consultation among healthcare professionals is being chalked up as the factor enabling segment growth.

From a geographical perspective, the Latin America video conferencing market is expected to register an impressive CAGR of more than 20% over the forecast timeframe due to widespread adoption of advanced technology along with increasing internet penetration.

The global video conferencing market is anticipated to foresee significant growth over the coming years due to the increasing adoption of the video conferencing technology across healthcare institutions to conduct specialist consultation and post-discharge programs remotely. With the constantly evolving technology landscape, a plethora of other industrial sectors have emerged as potential growth opportunities for the market, especially given the current COVID-19 situation.

Additionally, the ongoing government-imposed lockdowns, rapid adoption of work-from-home policies, and social distancing measures have augmented the need for video conferencing applications, for both personal and business use. In fact, as per a new report from the App Annie, business video conferencing apps have observed massive growth, hitting their largest week in March. As per reliable data, business video conferencing apps witnessed 62 million downloads between the week that started March 14 and ended March 21, 2020.

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The global video conferencing market is also inclusive of players such as Vbrick, uStudio Inc., Vidyo Inc., Premiere Global Services Inc., Pexip, ReadyTalk, Highfive, Lifesize Inc., Polycom Inc., MediaPlatform, Microsoft Corporation, LogMeIn Inc., Google Inc., KOLLECTIVE, Cisco Systems, Inc., and Adobe Systems Inc., among others.

Table of Contents (ToC) of the report:

Chapter 5.   Video Conferencing Market, By Component

5.1.  Key trends, by component

5.2.  Hardware

5.2.1. Market estimates and forecast, 2016 – 2026

5.2.2. Multipoint Control Unit (MCU)

5.2.2.1. Market estimates and forecast, 2016 – 2026

5.2.3. Codecs

5.2.3.1. Market estimates and forecast, 2016 – 2026

5.2.4. Peripheral devices

5.2.4.1. Market estimates and forecast, 2016 – 2026

5.3.  Software

5.3.1. Market estimates and forecast, 2016 – 2026

5.3.2. On-premise

5.3.2.1. Market estimates and forecast, 2016 – 2026

5.3.3. Cloud

5.3.3.1. Market estimates and forecast, 2016 – 2026

5.4.  Service

5.4.1. Market estimates and forecast, 2016 – 2026

5.4.2. Professional service

5.4.2.1. Market estimates and forecast, 2016 – 2026

5.4.3. Managed service

5.4.3.1. Market estimates and forecast, 2016 – 2026

Chapter 6.   Video Conferencing Market, By Type

6.1.  Key trends, by type

6.2.  Room-based

6.2.1. Market estimates and forecast, 2016 – 2026

6.3.  Telepresence

6.3.1. Market estimates and forecast, 2016 – 2026

6.4.  Desktop

6.4.1. Market estimates and forecast, 2016 – 2026

Chapter 7.   Video Conferencing Market, By Application

7.1.  Key trends, by application

7.2.  Corporate enterprises

7.2.1. Market estimates and forecast, 2016 – 2026

7.3.  Education

7.3.1. Market estimates and forecast, 2016 – 2026

7.4.  Government

7.4.1. Market estimates and forecast, 2016 – 2026

7.5.  Healthcare

7.5.1. Market estimates and forecast, 2016 – 2026

7.6.  Others

7.6.1. Market estimates and forecast, 2016 – 2026

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