Global Video Conferencing Market Size, Trends and Growth Opportunity, By Component (Hardware, Software, and Services), Deployment (On-Premise, and Cloud), By Application (Digital Classroom, E-Healthcare, Automated Talent Acquisition, Smart Factories, and Others), By Enterprise Size (Large Enterprises, and Small & Medium Enterprises), By End Use (Education, Healthcare, BFSI, Media & Entertainment, Government & Defense, and Corporate), By Region and Forecast Till 2027.
Report ID : IR100185 | Industries : Energy & Power | Published On :May 2024 | Page Count : 252
Global Video Conferencing Market Size, Trends and Growth Opportunity, By Component (Hardware, Software, and Services), Deployment (On-Premise, and Cloud), By Application (Digital Classroom, E-Healthcare, Automated Talent Acquisition, Smart Factories, and Others), By Enterprise Size (Large Enterprises, and Small & Medium Enterprises), By End Use (Education, Healthcare, BFSI, Media & Entertainment, Government & Defense, and Corporate), By Region and Forecast Till 2027.
Global Video Conferencing Market
Market Overview
Global Video Conferencing Market was valued at USD 4.55 billion in 2021, which is expected to reach USD 7.22 billion by 2027, at a CAGR 8.0 %.
Video conferencing is the process of conducting meetings by using telecommunication technologies, which involves a real time, two-way transmission of audio and video content. Faster decision making and eliminate travelling time, and associated cost are the main advantages of video conferencing. Also, video conferencing have various applications such as digital classroom- healthcare automated talent & acquisition, smart factories, and others.
Market Drivers
The primary market driving factor that is anticipated to accelerate the growth of the global video conferencing market is the rise in demand for video communication as a result of company globalization. As a result of the growing popularity of telemedicine and online education in developing nations like India and Brazil, it is anticipated that demand for video conferencing will increase dramatically over the course of this projection period. Also, the development of technologies like facial recognition to identify and verify meeting participants is anticipated to fuel the growth of the worldwide video conferencing market. Also, the expansion of cloud-based solutions and the integration of virtual reality into video conferencing are anticipated to speed up market expansion globally.
Market Restraints
Information security and privacy worries are a restraint that are anticipated to slow the growth of the global video conferencing market.
Market Segmentation
The global video conferencing market is segmented into component such as hardware, software, and services. By deployment such as on-premise, and cloud. By application such as digital classroom, e-healthcare, automated talent acquisition, smart factories, and others. Further, global video conferencing market is segmented into enterprise size such as large enterprises, and small & medium enterprises. By end use such as education, healthcare, BFSI, media & entertainment, government & defense, and corporate.
Regional Analysis
The video conferencing market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The Asia-Pacific region is expected to witness significant growth in the video conferencing market due to the increasing adoption of cloud-based video conferencing solutions and the growing trend of remote work. China and Japan are the major markets in the region, with India and Australia also showing potential for growth.
Market Key Players
Various key players are discussed in this report such as Avaya Inc., Huawei Technologies, ZTE Corporation, Panasonic Corporation, Microsoft Corporation, Logitech International S.A., Adobe Systems, Polycom.Inc., Blue Jeans Network, Inc, and Cisco Systems.
Market Taxonomy
By Component
• Hardware
• Software
• Services
By Deployment
• On-Premise
• Cloud
By Application
• Digital Classroom
• e-Healthcare
• Automated Talent Acquisition
• Smart Factories
• Others
By Enterprise Size
• Large Enterprises
• Small & Medium size Enterprises
By End Use
• Education
• Healthcare
• BFSI
• Media & Entertainment
• Government & Defense
• Corporate
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middles East & Africa
Global Video Conferencing Market TOC:
1. Executive Summary
1.1. Market Taxonomy
2. Global Video Conferencing Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
4. Global Video Conferencing Market Snapshot
5. Global Video Conferencing Market Analysis, By Component
5.1. Y-o-Y Growth Comparison, By Component
5.2. Global Video Conferencing Market Share Analysis, By Component
5.3. Global Video Conferencing Market Size and Forecast, By Component
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
6. Global Video Conferencing Market Analysis, By Deployment
6.1. Y-o-Y Growth Comparison, By Deployment
6.2. Global Video Conferencing Market Share Analysis, By Deployment
6.3. Global Video Conferencing Market Size and Forecast, By Deployment
6.3.1On-premise
6.3.2 Cloud
7. Global Video Conferencing Market Analysis, By Application
7.1. Y-o-Y Growth Comparison, By Application
7.2. Global Video Conferencing Market Share Analysis, By Application
7.3. Global Video Conferencing Market Size and Forecast, By Application
7.3.1 Digital Classroom
7.3.2 e-Healthcare
7.3.3 Automated Talent Acquisition
7.3.4 Smart Factories
7.3.5 Others
8. Global Video Conferencing Market Analysis, By Enterprise Size
8.1. Y-o-Y Growth Comparison, By Enterprise Size
8.2. Global Video Conferencing Market Share Analysis, By Enterprise Size
8.3. Global Video Conferencing Market Size and Forecast, By Enterprise Size
8.3.1 Large Enterprises
8.3.2 Small & Medium Enterprises
9. Global Video Conferencing Market Analysis, By End Use
9.1. Y-o-Y Growth Comparison, By End Use
9.2. Global Video Conferencing Market Share Analysis, By End Use
9.3. Global Video Conferencing Market Size and Forecast, By End Use
9.3.1 Education
9.3.2 Healthcare
9.3.3 Manufacturing
9.3.4 BFSI
9.3.5 Media & Entertainment
9.3.6 Government & Defense
9.3.7 Corporate
10. Global Video Conferencing Market Analysis, By Region
10.1. Y-o-Y Growth Comparison, By Region
10.2. Global Video Conferencing Market Share Analysis, By Region
11. North America Video Conferencing Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Video Conferencing Market Analysis, By Component
11.3 North America Video Conferencing Market Analysis, By Deployment
11.4 North America Video Conferencing Market Analysis, By Application
11.5 North America Video Conferencing Market Analysis, By Enterprise Size
11.6 North America Video Conferencing Market Analysis, By End Use
11.7 North America Video Conferencing Market Analysis, By Country
11.7.1USA
11.7.2 Canada
11.7.3 Mexico
12. Europe Video Conferencing Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Video Conferencing Market Analysis, By Component
12.3 Europe Video Conferencing Market Analysis, By Deployment
12.4 Europe Video Conferencing Market Analysis, By Application
12.5 Europe Video Conferencing Market Analysis, By Enterprise Size
12.6 Europe Video Conferencing Market Analysis, By End Use
12.7 Europe Video Conferencing Market Analysis, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13. Asia Pacific Video Conferencing Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Video Conferencing Market Analysis, By Component
13.3 Asia Pacific Video Conferencing Market Analysis, By Deployment
13.4 Asia Pacific Video Conferencing Market Analysis, By Application
13.5 Asia Pacific Video Conferencing Market Analysis, By Enterprise Size
13.6 Asia Pacific Video Conferencing Market Analysis, End Use
13.7 Asia Pacific Video Conferencing Market Analysis, By Country
13.7.1China
13.7.2 India
13.7.3 Japan
13.7.4 Rest of Asia Pacific
14. Latin America Video Conferencing Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Video Conferencing Market Analysis, By Component
14.3 Latin America Video Conferencing Market Analysis, By Deployment
14.4 Latin America Video Conferencing Market Analysis, By Application
14.5 Latin America Video Conferencing Market Analysis, by Enterprise Size
14.6 Latin America Video Conferencing Market Analysis, End Use
15. Middle East & Africa Video Conferencing Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East & Africa Video Conferencing Market Analysis, By Component
15.3 Middle East & Africa Video Conferencing Market Analysis, By Deployment
15.4 Middle East & Africa Video Conferencing Market Analysis, By Application
15.5 Middle East & Africa Video Conferencing Market Analysis, By Enterprise Size
15.6 Middle East & Africa Video Conferencing Market Analysis, End Use
16. Competition Analysis
16.1 Competition Dashboard
16.2 Market Share Analysis of Top Vendors
16.3 Key Development Strategies
17. Company Profiles
17.1 Avaya Inc.
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financial
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Huawei Technologies
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financial
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 ZTE Corporation
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financial
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Panasonic Corporation
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financial
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Microsoft Corporation
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financial
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Logitech International S.A
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financial
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Adobe Systems
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financial
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Polycom.Inc
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financial
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Blue Jeans Network, Inc
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financial
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Cisco system
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financial
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies