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Video Conferencing Market Size, Share & Growth Report | 2031
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Video Conferencing Market Size, Share & Growth Report | 2031

Segments - Video Conferencing Market by Components (Software, Hardware, and Services), Enterprise Size (Small & Medium Enterprise (SMEs) and Large Enterprise), End-users (Education, Healthcare, Corporate, BFSI, Media & Entertainment, Government & Defense, and Others), Deployment (On-premise and Cloud-based), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-419 | 4.6 Rating | 62 Reviews | 128 Pages | Format : PDF Excel PPT

Report Description


The global video conferencing market size was valued at USD 4.58 Billion in 2022 and is anticipated to reach USD 10.37 Billion by 2031, expanding at a CAGR of 9.5% during the forecast period,  2023 – 2031. The growth of the market is attributed to the rising usage of video conferencing in educational institutes, organizations, and startups.

Video conferencing refers to conducting meetings using telecommunication technology and includes two-way communication of video and audio. Video conferencing helps companies in making quick decisions and reduces travel cost and time. Key market players such as Microsoft Corporation and Cisco System, Inc. are concentrating on development of video conferencing systems that can mechanically route calls over the VoIP network.

Video Conferencing Market Outlook

  • Rising acceptance of technologies such as facial recognition to detect people is driving the market.
  • Increasing usage of cloud-based solutions and integration of virtual reality (VR) in video conferencing have propelled the market.
  • Globalization of businesses has increased the demand for video communication and remote staff management, which is boosting the market.
  • Rapid growth in the number of online international seminars, workshops, and conferences is fueling the video conferencing market.
  • Several companies use video conferencing to improve collaboration and interaction between remotely located teams.
  • Companies are concentrating on minimizing communication costs, which has developed opportunities for manufacturers to develop advanced conferencing solutions such as webcast and telepresence.
  • A substantial rise in the use of telepresence in healthcare and education sectors is witnessed, as it enhances communication between the members.
  • Heavy initial investment in the deployment and purchase of video conferencing systems is expected to hinder the market growth.
  • Security issues such as privacy and confidentiality of information associated with video conferencing are hampering the market growth.

Scope of Video Conferencing Market Report

The report on the video conferencing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Video Conferencing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation         

Components (Software, Hardware, and Services), Enterprise Size (Small & Medium Enterprise (SMEs) and Large Enterprise), End-users (Education, Healthcare, Corporate, BFSI, Media & Entertainment, Government & Defense, and Others), Deployment (On-premise and Cloud-based), and Regions

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Array Telepresence Inc., Adobe Inc., Avaya Inc., Huawei Technologies Co., Ltd., Cisco Systems, Inc., Microsoft Corporation, Logitech International S.A., West Corporation, Plantronics, Inc., and Vidyo Inc.

Video Conferencing Market Segment Insights

The hardware segment is expected to expand at a rapid pace during the forecast period.

Based on components, the global video conferencing market is segregated into software, hardware, and services. The hardware segment held a major share of the total revenue in 2019, owing to IoT, which has enabled rapid integration of hardware into cloud-based software solutions. Moreover, increasing focus of camera manufacturers such as Aver Information Inc. on upgrading video conferencing cameras with facial recognition and AI technology is expected to boost the segment.

The service segment is anticipated to witness substantial CAGR during the forecast period, attributed to increase in demand for services related to employee training, project consulting, and deployment of new solutions. Major companies in the market such as Cisco Systems, Inc., and Adobe, Inc. are concentrating on creating long-term contracts with large enterprises which is estimated to drive the segment.

Video Conferencing Market Components Segmentation

The cloud-based segment is expected to expand at a robust CAGR during the forecast period

On the basis of deployment, the global video conferencing market is bifurcated into on-premise and cloud-based. The cloud-based segment permits end-users to access video conferences through multiple channels such as laptops, tablets, and mobiles. Rising demand for cloud-based solutions by small and medium enterprises (SMEs) in developing countries such as India, Egypt, and Brazil has boosted the segment. Increasing popularity of cloud-based solutions is attributed to advancement of password-protected and encrypted solutions. This is estimated to boost the segment.

The on-premise segment is expected to witness a substantial CAGR during the forecast period. Growth of the on-premise segment is attributed to rising adoption by large organizations to minimize security concerns related to data theft and maintenance of information. Several companies are opting for the on-premise segment, as it provides easy customization of software according to clients’ business.

The large enterprise segment held a major share of the total revenue in 2019

In terms of enterprise size, the global video conferencing market is fragmented as small & medium enterprise (SMEs) and large enterprise. The growth of large enterprise segment is attributed to rising adoption of video conferencing solutions to connect employees at remote locations.

The small and medium enterprise segment is expected to expand at a substantial CAGR during the forecast period. Growth of the segment is attributed to government support to SMEs for adoption of cloud-based solutions, which in turn, is expected to fuel the segment.

The corporate communication segment held a key share of the total revenue in 2019

Based on end-users, the global video conferencing market is segregated as education, healthcare, corporate, BFSI, media & entertainment, government & defense, and others. The corporate segment is expected to witness significant growth during the forecast period, as video conferencing helps minimize travel and operational costs and acts as an effective communication tool for large- and small-scale enterprises. Companies in the market, including Huawei Technologies Co. Ltd and Microsoft Corporation are focusing on development of video conferencing systems, particularly for corporate companies.

The healthcare segment is estimated to expand at a substantial CAGR during the forecast period. Rising need for immediate medical help to patients situated in remote locations is driving the segment. Additionally, rising emphasis of several healthcare organizations on providing medical training to its employees through video conferencing is boosting the segment.

Video Conferencing Market End-User

Regional Analysis

On the basis of regions, the global video conferencing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The growth of the market in North America is attributed to the presence of deep-rooted businesses and adoption of high technology in the region. Rising demand for virtual meetings and constant access to high-quality internet have boosted the market. Additionally, increasing adoption of virtual private network in educational universities and business enterprises is expected to fuel the regional market.

The market in Asia Pacific is anticipated to witness significant growth during the forecast. Increasing number of service and technology-based startups in emerging countries such as China and India are estimated to propel the regional market.

Video Conferencing Market Region

Segments

The global video conferencing market has been segmented on the basis of

Components

  • Software
  • Hardware
  • Services

Enterprise Size

  • Small & Medium Enterprise (SMEs)
  • Large Enterprise

Deployments

  • On-premise
  • Cloud-based

End-users

  • Education
  • Healthcare
  • Corporate
  • BFSI
  • Media & Entertainment
  • Government & Defense
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Array Telepresence Inc.
  • Adobe Inc.,
  • Avaya Inc.
  • Huawei Technologies Co., Ltd.
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • Logitech International S.A.
  • West Corporation
  • Plantronics, Inc.
  • Vidyo Inc.

Competitive Landscape

Key players in the global video conferencing market include Array Telepresence Inc., Adobe Inc., Avaya Inc., Huawei Technologies Co., Ltd., Cisco Systems, Inc., Microsoft Corporation, Logitech International S.A., West Corporation, Plantronics, Inc., and Vidyo Inc. Key companies are focusing on development of safe data transmission, product innovation, and integration to fulfill customer expectations.

Video Conferencing Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Video Conferencing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Video Conferencing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Video Conferencing Market - Supply Chain
  4.5. Global Video Conferencing Market Forecast
     4.5.1. Video Conferencing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Video Conferencing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Video Conferencing Market Absolute $ Opportunity
5. Global Video Conferencing Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Video Conferencing Market Size and Volume Forecast by End Users
     5.3.1. Education
     5.3.2. Healthcare
     5.3.3. Corporate
     5.3.4. BFSI
     5.3.5. Media & Entertainment
     5.3.6. Government & Defense
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Video Conferencing Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Video Conferencing Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Video Conferencing Demand Share Forecast, 2019-2026
7. North America Video Conferencing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Video Conferencing Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Video Conferencing Market Size and Volume Forecast by End Users
     7.4.1. Education
     7.4.2. Healthcare
     7.4.3. Corporate
     7.4.4. BFSI
     7.4.5. Media & Entertainment
     7.4.6. Government & Defense
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Video Conferencing Demand Share Forecast, 2019-2026
8. Latin America Video Conferencing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Video Conferencing Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Video Conferencing Market Size and Volume Forecast by End Users
     8.4.1. Education
     8.4.2. Healthcare
     8.4.3. Corporate
     8.4.4. BFSI
     8.4.5. Media & Entertainment
     8.4.6. Government & Defense
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Video Conferencing Demand Share Forecast, 2019-2026
9. Europe Video Conferencing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Video Conferencing Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Video Conferencing Market Size and Volume Forecast by End Users
     9.4.1. Education
     9.4.2. Healthcare
     9.4.3. Corporate
     9.4.4. BFSI
     9.4.5. Media & Entertainment
     9.4.6. Government & Defense
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Video Conferencing Demand Share Forecast, 2019-2026
10. Asia Pacific Video Conferencing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Video Conferencing Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Video Conferencing Market Size and Volume Forecast by End Users
     10.4.1. Education
     10.4.2. Healthcare
     10.4.3. Corporate
     10.4.4. BFSI
     10.4.5. Media & Entertainment
     10.4.6. Government & Defense
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Video Conferencing Demand Share Forecast, 2019-2026
11. Middle East & Africa Video Conferencing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Video Conferencing Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Video Conferencing Market Size and Volume Forecast by End Users
     11.4.1. Education
     11.4.2. Healthcare
     11.4.3. Corporate
     11.4.4. BFSI
     11.4.5. Media & Entertainment
     11.4.6. Government & Defense
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Video Conferencing Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Video Conferencing Market: Market Share Analysis
  12.2. Video Conferencing Distributors and Customers
  12.3. Video Conferencing Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Array Telepresence Inc.
     12.4.2. Adobe Inc., Avaya Inc.
     12.4.3. Huawei Technologies Co., Ltd.
     12.4.4. Cisco Systems, Inc.
     12.4.5. Microsoft Corporation
     12.4.6. Logitech International S.A.
     12.4.7. West Corporation
     12.4.8. Plantronics, Inc.
     12.4.9. Vidyo Inc.

Methodology

Our Clients

The John Holland Group
Siemens Healthcare
Pfizer
Dassault Aviation
General Electric
General Mills
Deloitte
Nestle SA