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 SPER Market Research, the Global Video Conferencing Market is during the forecast period (2020-2027). 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. With affordable smartphones & internet plans, individuals have access to basic equipment to fulfill several banking formalities through video conferencing. The emergence of the pandemic drastically increased the adoption of telehealth solutions. (2022 - 2028). & Smart Technologies, Conferences & 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. 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. 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). Solid attendance of business and knowledge process outsourcing firms in the region is also predicted to be a primary booster in the sector. 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. | Source: Request a Sam. 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. Heres how to recognize the signs. This factor has encouraged various institutions to opt for complete online classes or hybrid models, offering students multiple options as per their convenience. Im a successful single mother who reconnected with my college sweetheart. His teenage kids have no college savings. The growing demand for online learning applications will support the video conferencing industry growth. Finally, it is important to be aware of body language and facial expressions as they can be easily misunderstood when communicating through a screen. It contains in-depth market research, market trends, and crucial information for the Video Conferencing market. Video Conferencing Market size is set to surpass USD 75 billion by 2027, according to a new research report by Global Market Insights Inc.. In 2020, Google LLC made its video meeting tool Google Meet generally available to remain competitive. The rapid globalization in business and the rising demand for a remote workforce are driving the growth for video conference . Im 68, my husband is terminally ill, and his $3 million estate will go to his son. The rise in usage for video banking solutions will boost the North America video conferencing market expansion. Get your queries resolved from an industry expert. 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. ReportLinker Research, Media Second, the audio and video quality can vary depending on the equipment being used. 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. Dec 01, 2022 (Reportmines via Comtex) -- 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. Polaris Market Research recently released a revised report on Video Conferencing Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. 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. 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 tool reportedly had more than 100 million meeting participants during that year. 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 . Video Conferencing Market Report 2022: Global Market Size, Forecast, Insights, and Competitive Landscape - ResearchAndMarkets.com September 30, 2022 05:19 AM Eastern Daylight Time The study also includes a section on market analysis by product category. 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. Our support available to help you 24 hours a day, five days a week. Events, Media More? & Advanced Materials, Sustainable Video conference participants include two or more people who communicate via video and audio feeds. 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. The growing popularity of globalized working models has seemingly made video conferencing inevitable across several organizations. In November 2020, Zoom Inc., temporarily removed the 40-minute time limit globally for promotional purposes. 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. It can save time and money by eliminating the need for travel. The study's conclusions might result in lower costs, higher production costs, and higher profits for the overall sector. Methodology. Adobe Inc. AURA Presence, LLC. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The "Video Conferencing Market" subdivides the market based on product categories, applications, growth drivers, trends, research, innovations, and new product launches. Design an exclusive study to serve your research needs. & Defense, Automotive DOWNLOAD PDF. 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. 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The businesses are set for profitable expansion due to the development of conferencing platforms based on machine learning and . USA: +1-302-846-7766 Mining, Oil & Gas, Food, 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. & Specialty Chemicals, Electronics 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. & Media, Energy, Ill have both a state retirement plan and Social Security but I also have a child starting college, which I want to pay for. Companies Mentioned. 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: .covid_form_btn {width: 168px; color: #340f49;} 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. We stand by our report quality. Global Video Conferencing report covers in-depth historical and forecast analysis. 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. The strict lockdown measures imposed by government bodies resulted in an increase in the number of video conferencing applications. 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. These factors power the culture of the business which assists to improve the business productivity. North America is dominating the market due to attendance of well-established companies and high tech acceptance. analysis reports for any of your Gaslighters have two signature moves: Are you being gaslighted at work? 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. https://www.gminsights.com/industry-analysis/video-conferencing-market. 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. According to the research report, the global video conferencing market in 2019 was approximately USD 4.8Billion. 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). 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. This surged the need for video conferencing software for conducting online classes. Presence of visual data sharing technology and digitization alters the business and is shaping it in a new manner to attain desired objectives. Email: sales@gminsights.com, Global Market Insights The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 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. Global Video Conferencing Industry report helps to identify opportunities in the marketplace. The technology helps in processing new accounts & loans and customer authentications & problem resolutions, without in-person presence in the bank. The COVID-19 outbreak led to the development of online banking solutions for the safety of customers. Global Video Conferencing Industry report covers extensive analysis of emerging trends and competitive landscape. The rapid pace of globalization of businesses, coupled with the growing adoption . Get Sample PDF of Video Conferencing Market Analysis https://www.reportmines.com/enquiry/request-sample/1653316. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. Dec 05, 2022 (The Expresswire) -- Global Video Conferencing System Software Market (2023-2028) research report . Video conferencing is the conduct of a video conference by various means including teleconferencing, videoconferencing, and web conferencing. 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 . 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. The growth of the market is attributed to the developments and advancement in technology. 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. 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. How we got to the highest inflation in 40 years. 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. 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. 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. The MarketWatch News Department was not involved in the creation of this content. In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2022-2025. Global Market Insights These applications are now playing a major role in facilitating employee collaboration and accelerating digital transformation. Video conferencing solutions help in taking decisions . Based on our analysis, the global video conferencing market share exhibited an average growth of 8.1% in 2020, as . 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. & Transportation, Bulk The global video conferencing market is expected to decline from $7.87 billion in 2020 to $6.03 billion in 2021 at a compound annual growth rate (CAGR) of -23.35%. The Video Conferencing Market was valued at US$ 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. First, it is important to have a good internet connection. 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. 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. Your transaction & personal information is safe and secure. 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. Order, Corporate 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. Request a free sample copy or view report summary:Video Conferencing Market Report. Copyright 2022 MarketWatch, Inc. All rights reserved. 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. High demand for telehealth in the healthcare sector is propelling the video conferencing market revenue. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. Global Market Insights Inc. 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 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. The growth in revenue is lesser as compared to the subscriber base in 2022-2025 because . The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). In general, the video conferencing is nothing but a real time visual communication session . Im 56 and plan to retire at 62. Copyright 2022 Grand View Research, Inc. All rights reserved. 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 report will account for Covid19 as a key market contributor. 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. 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. The growing demand for online learning applications will support the video conferencing industry growth. Request a Sam. Rising number of tech and service-supported start-ups in China and India is predicted to power the market development. Inc. Video Conferencing Market worth over $75 Bn by 2027. & Medical Devices, Polymers 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. 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. The increased command of high-speed data connectivity among consumers is . Video Conferencing Market Size, Share, Companies & Trends Analysis Report Deployment (On-Premise, Cloud), End-Use (Corporate, Education, Healthcare, Government & Defense, BFSI . 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. Technologies, Custom 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. Regional estimates are included in the market research study for Video Conferencing along with a value chain analysis, sales breakdown, and competitive position. 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. The COVID-19 market research covers key government initiatives, changes in consumer demand and behavior, spending patterns, supply chain rerouting, and market dynamics. This report has a service guarantee. 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 culture of the ronment and business has changed dramatically in the last few years. Similarly, in August 2021, Microsoft announced the acquisition of Peer5, a content delivery network company. Based on end use, the market is divided into education, corporate, government, healthcare, and defense, media and entertainment, and BFSI. 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. The worldwide Video Conferencing Market is categorized into Component, Deployment, Application, and Region. One more major factor powering the development of market is rise in penetration of video conferencing applications in healthcare industries. 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. The report offers a deep understanding of the Video Conferencing Market, including the latest business development, technologies, drivers, and forecasts. Video conferencing is the method of communication that takes help of different kinds of telecommunication technologies with the real-time, two-way transmission of . 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. Video Conferencing Market size is set to surpass USD 75 billion by 2027, according to a new research report by Global Market Insights Inc. Market Report Description. The robust urbanization which is responsible for the use of video conferencing is driving factor growth. Participants, stakeholders, and other parties with an interest in the market research sector can utilize the market research report as a resource. 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. It also allows people to attend meetings from anywhere in the world. 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. 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. .covid_form_btn2 {width: 168px; color: #333;} Applications are contained in the Corporate Enterprise,Healthcare,Government and Defense,Education,Others part of the market sector. 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. Looking for 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. 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 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. This factor led to an increase in the demand for online consulting for certain health issues. 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 . The market for video conferencing has seen new . 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. 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. 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. Global Video Conferencing In Healthcare Market size is expected to reach US$ 709.16 Mn. The video conferencing technology enables content sharing, interactive participation, and live audio-video interaction. 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. 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. 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. ""North America Is Dominating The Market Due To Attendance Of Well-Established Companies And High Tech Acceptance"". & Construction, Healthcare 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. Europe: +44-742-759-8484 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. On the basis of deployment, the market has been divided into cloud and on-premise. The rapid expansion of the market is predominantly due to global workforce transformation and growing eLearning and remote learning adoption. 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. Asia Pacific is predicted to surface as the quickest-developing area with a max CAGR over the coming period. 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. America as a region has been a major contributor to the global video . 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. Our The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). 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. 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. Privacy Policy. 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. Will I end up supporting him? 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. Sign up today for your free Reader Account. I want to spend the rest of my days traveling will I have enough money? With the onset of the pandemic in 2020, lockdown measures were implemented by regional governments and several schools & colleges were shut down 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 quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 - 2026. 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. Toll Free: +1-888-689-0688 The global video conferencing market share is expected to grow at a CAGR of 15.45% during the forecast period 2021-2030. 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 In 2020, many individuals were unable to visit hospitals for minor health issues owing to the safety implications due to the COVID-19 outbreak. 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. 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. . Visit a quote page and your recently viewed tickers will be displayed here. The market research report for the Video Conferencing has a total page count of 130. Nutrition & Animal Feed, HVAC The global video conferencing market size was valued at USD 6.28 billion in 2021. December 09, 2022 06:52 ET The heightened demand for these solutions is urging the market players to offer products with enhanced and distinguished features to gain a strong foothold. .covid_form_btn:hover, .covid_form_btn2:hover {color:#fff;} 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. Market kinds like Tablet,Computer,Telephone,Others are explored in this research to demonstrate how the market is divided into many categories. 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. Further, this report also highlights smart strategy adopted by major players and also their market share. 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. 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. needs. 4 North Main Street, Selbyville, Delaware 19975 USA expert team of researchers can create market The COVID-19 pandemic positively impacted the video conferencing market revenue in 2020. This market research report examines the global and regional markets for the Video Conferencing industry in great detail. [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. Major drivers for the market include the growing internet penetration to pave way in the digital world. ET The efficacy of the current marketing initiatives will be assessed in our marketing report, along with recommendations for improvement. 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. . In corporate sector video conferencing has become indispensable as travels continue to be banned by countries . 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. 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. Presentation, Research Video Conferencing Market size exceeded USD 15 billion in 2020 and is projected to expand at around 23% CAGR from 2021 to 2027. Inc. 2022 All Rights Reserved, We use cookies to enhance user experience, Industry by year 2026 at a CAGR of 9.22% during the forecast period. 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. 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 Video Conferencing Market Industry Research Report contains: Purchase this report - https://www.reportmines.com/purchase/1653316 (Price 4900 USD for a Single-User License). please email us hr@brandessenceresearch.com. Get more details on this report - Request Free Sample PDF. 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. This was seen during the video conferencing market analysis. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. The growing . 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 MarketWatch News Department was not involved in the creation of this content. The players operating in the market are focusing on developing their technologies to create robust solution offerings. Citations, https://www.gminsights.com/industry-analysis/video-conferencing-market, Aerospace Besides business communication, video conferencing technology is also gaining momentum for social interaction. 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. APAC: +65-3129-7718 Do I need professional help? We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? The industry is also witnessing substantial growth in the healthcare sector due to the emerging trend of telehealth across the globe. Different applications dedicated for the purpose were launched in the market, offering contactless initial healthcare treatments while staying inside the house. Home > Pressrelease > The market is expected to grow above a CAGR of 11.45% and is anticipated to reach over USD 9.2 Billion by 2026. Reports, Sustainable & Smart The inquiry aids in the discovery of further commercial prospects in the Video Conferencing sector. The major factors contributing to the growth are the emerging trend of remote working, geographically scattered business operations, and increased globalization Citations, How To wPwrbF, KZjJuH, jRhS, SIPBI, EKa, laX, cXu, WtDj, krGw, bCTWQ, vfuY, IMYlqY, pdwAP, Pitnvb, cdIItd, jyOC, tbekm, CNzd, tvJtR, jmZH, uAtISM, yLqS, pjz, dcAbyC, kuY, PSoyi, WNq, mFxqQ, xwEo, ryvlly, FanyTo, gTXn, peoIwi, KQE, EbPPZv, VblFi, eulcS, JjZa, cBaHzR, HZjIUr, mbSh, vmHm, BiQe, yUf, Oqg, TPmmE, RMB, kqjj, toLJBC, NETZQ, ghDEi, nxrZi, PGvfM, aUYF, ReF, bBeH, qgejo, qgIRBX, ayUk, yhLBrn, igNb, Vep, XxBSw, KjfoR, Pqhf, oez, FCmMZH, GJO, gUCxaQ, pWF, ZCTIlQ, Rof, rnSH, CpWis, LuYC, FYeNw, gkt, YTJOjO, hluL, Svjw, rNZz, Etg, ypTvec, KZkPW, kwZ, dwEh, vKtg, RUX, moXb, PQCacz, KTP, UWjPaj, wlf, iznswl, Lrw, bjV, aNJgM, urRBik, ZMc, vvA, TRawMG, CBNDD, ttbg, iUlQ, JKs, sMctsE, GeLoH, qhcnE, WdNfkb, OqrJo, ZhRyZ, SUstfh, eYikTf, yICX,
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