Video Conferencing Market Size, Share, Growth Report 2032

Video Conferencing Market

Video Conferencing Market – By Component (Hardware, Software, and Services); By Application (Corporate Communication, Training & Development, and Marketing & Client Engagement), and by Region¬–Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Pages: 140 Report Code: ZMR-6389 Published Date: Jun-2021 Status : Published

The global Video Conferencing Market Size was estimated at 8.2 USD Billion in 2019 and accrued earnings worth 23.5 USD Billion Revenue by 2026

The global Video Conferencing Market, which was estimated at 8.2 (USD Billion) in 2019 and is anticipated to accrue earnings worth 23.5 (USD Billion) by 2026, is set to record a CAGR of nearly 20.1% over 2020-2026. The report offers a valuation and analysis of the Video Conferencing market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Global Video Conferencing Market SizeRequest Free Sample

Video Conferencing Market: Outlook

Video Conferencing is an online meeting in which more than two persons are engaged in a live audio-visual discussion. Precisely, video conferencing is the technology facilitating face-to-face discussions between the persons residing at distant locations. The technique has proved to be useful for business persons as it saves their time of moving from one location to another. Video conferencing meetings include job interviews, daily meetings, and business transactions. It has also helped teachers connect with students’ online and promoted effective teacher-student interaction. Moreover, in the times of COVID 19 pandemic it has massively benefited education sector as it has facilitated the institutes in conducting online classroom discussions or online classes.

Video Conferencing Market: Growth Drivers

Escalating trend of using cloud video communication services like Skype, Google Meet, and Zoom is anticipated to steer the expansion of video conferring industry over forecast timeline. In addition to this, large-scale use of video conferencing in government, telecom & IT, healthcare, and education is projected to assist video conferencing market ascend greater heights of growth in the forthcoming years. In addition to this, swift globalization and rise in the outsourcing activities is anticipated to provide huge growth potential for video conferencing industry over 2020-2026. Apparently, thriving telemedicine and medical transcription sector will further contribute towards overall market size in the near future. Onset of new technologies such as AI and IoT as well as technological breakthroughs are likely to bring a drastic transformation in video conferencing activities and will have lasting positive impact on video conferencing business over the years to come.

Furthermore, humungous need for proficient enterprise communication along with large-scale allocation of funds by organizations for installation effective tools of communications will drive the market demand. Apart from this, necessity for real-time communications, requirement for carrying out business transactions at a rapid pace, and having effective modes of communications will prompt business trends. With the term industry 4.0 revolution gaining rapid momentum and digitization likely to become a catch phrase of coming decade, the video conferencing market is predicted to gain traction over the years ahead. With most of the laptops and smartphones embedded with webcams & headphones, the market is predicted to enlarge by leaps & bounds in the foreseeable future.

Regional Landscape

North America To Gain Major Share Of Video Conferencing Market By 2026

The regional market surge over the assessment period during 2020-2026 is due to acceptance of new technologies in the sub-continent coupled with presence of giant players in the region. In addition to this, rise in demand for cloud-based solutions along with easy access to high internet bandwidth will proliferate the growth of video conferencing industry in North America over the prognostic period. Apparently, presence of strong 4G network infrastructure in the countries such as the U.S. and Canada and availability of seamless internet facility in the region will steer video conferencing market size in North America.

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Report Scope:

Report Attributes Report Details
Report Name Video Conferencing Market Research Survey Report
Market Size in 2019 USD 8.2 Billion
Market Forecast by 2026 USD 23.5 Billion
Compound Annual Growth Rate CAGR of 20.1%
Number of Pages 140
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Avaya Inc, Polycom Inc, Cisco Systems Inc, Huawei Technologies Co Ltd, Microsoft Corporation, Zoom Video Communications Inc, and Logitech International S.A
Segments Covered By Component, By Application, By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2019
Historical Year 2016 - 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Competitive Landscape

Key participants profiled in the study include Avaya, Inc., Polycom, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Microsoft Corporation, Zoom Video Communications, Inc., and Logitech International S.A.

The global Video Conferencing Market is segmented as follows:

By Component

  • Hardware
  • Services
  • Software

By Application

  • Corporate Communication
  • Training & Development
  • Marketing & Client Engagement

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating trend of using cloud video communication services like Skype, Google Meet, and Zoom is anticipated to steer the expansion of video conferring industry over forecast timeline. In addition to this, large-scale use of video conferencing in government, telecom & IT, healthcare, and education is projected to assist video conferencing market ascend greater heights of growth in the forthcoming years. In addition to this, swift globalization and rise in the outsourcing activities is anticipated to provide huge growth potential for video conferencing industry over 2020-2026. Apparently, thriving telemedicine and medical transcription sector will further contribute towards overall market size in the near future. Onset of new technologies such as AI and IoT as well as technological breakthroughs are likely to bring a  drastic transformation in video conferencing activities and will have lasting positive impact on video conferencing business over the years to come.

Furthermore, humungous need for proficient enterprise communication along with large-scale allocation of funds by organizations for installation effective tools of communications will drive the market demand. Apart from this, necessity for real-time communications, requirement for carrying out business transactions at a rapid pace, and having effective modes of communications will prompt business trends.

According to Zion Market Research report, the global Video Conferencing Market, which was estimated at 8.2(USD Billion) in 2019 and is anticipated to accrue earnings worth 23.5(USD Billion) by 2026, is set to record a CAGR of nearly 20.1% over 2020-2026

North America is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The growth of the industry in the sub-continent over the estimated timespan is attributed to acceptance of new technologies in the sub-continent coupled with presence of giant players in the region. In addition to this, rise in demand for cloud-based solutions along with easy access to high internet bandwidth will proliferate the growth of video conferencing industry in North America over the prognostic period. Apparently, presence of strong 4G network infrastructure in the countries such as the U.S. and Canada and availability of seamless internet facility in the region will steer video conferencing market size in North America.  

 

The key players profiled in the report include are Avaya, Inc., Polycom, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Microsoft Corporation, Zoom Video Communications, Inc., and Logitech International S.A.

Video Conferencing market is set to record a CAGR of nearly 20.1% over 2020-2026

Influencing segment growing in the Video Conferencing Market are By Component (Hardware, Software, And Services); By Application (Corporate Communication, Training & Development, And Marketing & Client Engagement), And By Region

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