The global video conferencing market size was valued at USD 6,257.9 Million in 2019 and expected to generate USD 12,139.4 Million by 2027, registering at a CAGR of 8.20%, during the forecast period (2020-2027). The rapid pace of globalization of businesses, coupled with the growing adoption for video conferencing by the organization, communicate with geographically scattered business operations, and remote workforce management is vital factors estimated to trigger the global video conferencing market. The rise in usages of video conferencing by various industries to enable effective real-time communication over long distances at minimal cost, time, and enhance productivity between teams based at different locations worldwide will augment the demand of the global video conferencing market.
Because of the complicated international network environment, the leading video conferencing system has strong network adaptability. The system adopts a self-developed transmission protocol that has an advanced firewall and NAT penetration capabilities and supports dial-up, ISDN, ADSL, dedicated line, LAN, satellite Network, 3G, and other network access methods. In terms of mobile video conferencing, the video conferencing system has supported access methods such as tablet computers, smartphones, and phones, making up for the shortcomings of PC-side video conferencing flexibility.
Additionally, the rapid economic development in developing countries resulted in augmented growth. SPER Market Research analysts estimate the Video Conferencing has become a key information system in the ICT industry includes regional analysis on North America, Asia-Pacific, Europe, South America, and Middle-East & Africa.
Companies Covered
- Adobe Systems Inc.
- Avaya Inc.
- BlueJeans Network
- Cisco Corporation
- Citrix Systems Inc.
- Fuze Inc.
- Google Inc.
- Highfive
- Huawei Technologies Co. Ltd.
- KOLLECTIVE
- Lifesize Inc.
- LogMeIn Inc.
- MediaPlatform
- Microsoft Corporation
- Pexip, Polycom Inc.
- Premiere Global Services Inc.
- ReadyTalk
- uStudio Inc.,
- Other Prominent Players
Key Questions Answered by Report
- What was the market size trend of 2015-19?
- What will be the market size trend of next 4-5 years?
- What are the most common brands in terms of value?
- And others
Reasons to buy this report
- This SPER Market Research report will help to develop Business Strategies by understanding the trends shaping and driving Video Conferencing market
- Organize sales and marketing efforts by identifying the best opportunities for Video Conferencing market
- To understand the future market competition in the Global Video Conferencing market.
The report is based on in-depth qualitative and quantitative analysis of Global Video Conferencing Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Browse report overview on "Global Video Conferencing Market by Component (Hardware [Multipoint Control Unit (MCU), Codecs, Peripheral Devices, and Others(Display, Cables, Switches, Projector, & Sensors)], Software [On-premise, and Cloud], and Service [Professional, and Managed]), By Type (Room-Based, Telepresence, and Desktop), By End-user Industry (Corporate Enterprise, Education, Government, Healthcare, BFSI, Media & Entertainment and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa), Global Forecast to 2027" at:
https://www.sperresearch.com/report-store/Video-Conferencing.aspx