Video Conferencing Market Analysis By Component(Hardware, Software), By Type(Room based, Telepresence, Desktop), By Application(Corporate Enterprise, Education, Healthcare, Government) & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 289
- CATEGORY
- Electronics & Communication
Market Scenario
Video based communication has gained significant popularity in the corporate enterprises, owing to their global expansion. This has created the need for effective communication methods for easy and quick collaboration. Integration of technologies such as cloud, mobile and social media has led to evolve video conferencing from room based high maintenance technology to latest scalable and cost-effective mobile solution. Open source video conferencing platforms such as skype, Facebook messenger, Apple’s facetime and others has also changed the face of market in a positive manner.
Global video conferencing market was valued at a worth of USD 20 billion in 2021 and is expected to grow at a CAGR of more than 10% during the forecast period 2022–2031.
Market Dynamics
Integration of advanced technology is one of the key drivers, which is expected to influence the market growth during the forecast period. Video conferencing is also expanding to integrate with advanced features such as Artificial intelligence, IoT and analysis. Integration of both features would help in enhancing the overall user experience, for instance internet and IoT can automatically sync new features in the background and can provide automatic notification of each participants. In October 2018, Cisco takes Video conferencing to an advanced level by AI and IoT. The aim of this development is to track current sales, track orders, and shipment information.
Demand for cloud-based video conferencing platforms for achieving higher scalability also acts as a key industrial trend behind the market growth. Special features such as ease of connection with effective end point security also affects the market in a positive manner. For instance, in May 2018, Polycom launched new cloud-based meeting room technology for imparting simplified management and gather insights from their meeting room technology.
Intended Audience
• Hardware and Software Vendors
• Government and Research Organization
• Corporate Companies
• Video Conferencing System Providers
Market Segmentation
Global video conferencing system market is segmented by component, type and application. Based on component the market is segmented into hardware and software. Hardware based segment is estimated to dominate the market, owing to the demand for add-on devices such as table top mic/speakerphones, PTZ cameras for enhancing the audio-video capabilities of desktop/laptop. Personal conferencing add-ons are primarily dominated by web-cams and low-cost audio devices adopted in office cubicles In December 2018, Logitech Group launched all in one package solution for video conferencing within a reasonable cost. It is a USB plug and play system that connects to your computer and will work with your preferred video conferencing software. The cost of the product ranges between USD 999 to USD 1249. The company has also partnered with major software companies such as Microsoft, Zoom, Cisco and other video conferencing solution providers, to allow their hardware to integrate with their software.
Based on type, the market is segmented room based, telepresence and desktop-based solution. Telepresence based solutions hold the major share in the market, mainly due to its primary advantages such as live experience over the Internet Protocol (IP) network. Additionally, replacement of copper cables with optical fibers also increases the demand for telepresence solutions.
Desktop based type is expected to attain a fast growth during the forecast period, due to its ease of use and cost-effective features. It also allows the user to directly host a video conference from laptop, mobiles or laptop without any requirement of peripheral devices. Furthermore, wide adoption of browser based, and mobile video conferencing application is also fuelling the market growth.
Based on application, the market is segmented into Corporate Enterprise, Education, Healthcare, Government, Others. Healthcare application faces many challenges, when it comes to collaboration such as support from multiple professionals and research centers are not readily available, which in creates an overhead in communication on mission critical task, thus raising demand for video collaboration tools. It will improve affordability in healthcare sector by reducing the overall travel expense. Additionally, growing trend of telemedicine and telehealth in Europe and Asia Pacific has also impacted the market by creating lucrative opportunities.
Challenges such as high infrastructure cost, lack of video interoperability is influencing government officials to explore new technology that would reduce cost and increase communication and collaboration. Cloud based video conferencing solutions eliminates these challenges and allow complete interoperability with high definition video conferencing rooms, browsers and other solutions.
Regional Analysis
North America is estimated to hold the major position in the global market, owing to various factors such as presence of high-end product development done by the companies such as Cisco Systems Inc., Polycom Inc, ZTE Corp and others. In June 2018, Polycom announced partnership with Zoom Video Communications, Inc for the support of Zoom Rooms experiences with Polycom’s leading audio solution. The primary aim of this partnership is to impart outstanding video and audio quality with higher reliability.
Furthermore, growing adoption of video conferencing solution in the healthcare sector has also influenced in the market growth. American consumers are mainly preferring video consults by using smart phones, tablets as their diagnostic devices. Thus, the technology has transformed healthcare industry to become more connected transparent and convenient. In January 2018, Vidyo, Inc, one of the leading company in embeded video technology released a study claiming that remote and video-enabled care is becoming a critical cornerstone of healthcare delivery. About 75% of the respondents are planning to launch telehealth services during the forecast period.
European companies have focussed on reducing travel expenses, by implying effective video conference facilities. This has also helped in reducing the carbon emission by avoiding the travelling of each participant to a central conference venue. According to the study conducted by, the European Telecommunication Network Operators Association (ETNO) and World-Wide Funds for Nature (WWF) stated that, replacing by replacing 20% of business travel in the European countries by non-travel solutions such as video conferencing , would possibly reduce about 22 million tonnes of CO2 emission per year.
Gradual shift from on-premise to cloud based video conferencing solution for scalability and secure collaboration has changed the face of video conferencing market in Asia Pacific. In September 2018, Symphony Communication Services launched its first non-English user interface in Japanese for its secure and compliant collaboration platform. The company provides integrated messaging, file sharing and audio/video conferencing platform to the global financial and domestic firms.
Video conferencing market in the LAMEA regions is mainly influenced by factors such as immense growth of healthcare sector in the countries such as Brazil and Mexico. In September 2018, One of the major telehealth providers, Teledoc is expanding its platform offerings outside the U.S. Acquisition of the Spain-based telemedicine company boosted Teladoc Health’s regional presence in the high growth countries such as China, Brazil to include virtual medical and clinical risk assessment services.
Key Players
Some of the major players operating in the market are Cisco, Polycom, Microsoft, Avaya, Zoom, VBrick, BlueJeans, uStudio, Highfive, Kollective… The market is highly fragmented due to large number of players in the space.
By Component
• Hardware
• Software
By Type
• Room based
• Telepresence
• Desktop
By Application
• Corporate Enterprise
• Education
• Healthcare
• Government
• Others
DC Description
Video conferencing, skype, telehealth, IP cameras, telemedicine, Cisco video conferencing, corporate video conferencing, desktop video-conferencing
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Video Conferencing Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Video Conferencing
1.3 Video Conferencing Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Video Conferencing
1.4.2 Applications of Video Conferencing
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Adobe Systems Incorporated Market Performance Analysis
3.1.1 Adobe Systems Incorporated Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Adobe Systems Incorporated Sales, Value, Price, Gross Margin 2016-2021
3.2 Vidyo Market Performance Analysis
3.2.1 Vidyo Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Vidyo Sales, Value, Price, Gross Margin 2016-2021
3.3 Arkadin Cloud Communications Market Performance Analysis
3.3.1 Arkadin Cloud Communications Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Arkadin Cloud Communications Sales, Value, Price, Gross Margin 2016-2021
3.4 Microsoft Corporation Market Performance Analysis
3.4.1 Microsoft Corporation Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Microsoft Corporation Sales, Value, Price, Gross Margin 2016-2021
3.5 Logitech International Market Performance Analysis
3.5.1 Logitech International Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Logitech International Sales, Value, Price, Gross Margin 2016-2021
3.6 Orange Business Services Market Performance Analysis
3.6.1 Orange Business Services Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Orange Business Services Sales, Value, Price, Gross Margin 2016-2021
3.7 ZTE Corporation. Market Performance Analysis
3.7.1 ZTE Corporation. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 ZTE Corporation. Sales, Value, Price, Gross Margin 2016-2021
3.8 Polycom Market Performance Analysis
3.8.1 Polycom Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Polycom Sales, Value, Price, Gross Margin 2016-2021
3.9 Cisco Systems Market Performance Analysis
3.9.1 Cisco Systems Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Cisco Systems Sales, Value, Price, Gross Margin 2016-2021
3.10 Huawei Technologies Market Performance Analysis
3.10.1 Huawei Technologies Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Huawei Technologies Sales, Value, Price, Gross Margin 2016-2021
3.11 JOYCE CR, Ltd. Market Performance Analysis
3.11.1 JOYCE CR, Ltd. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 JOYCE CR, Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.12 West Unified Communications Services Market Performance Analysis
3.12.1 West Unified Communications Services Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 West Unified Communications Services Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Video Conferencing Production and Value by Type
4.1.1 Global Video Conferencing Production by Type 2016-2021
4.1.2 Global Video Conferencing Market Value by Type 2016-2021
4.2 Global Video Conferencing Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Hardware Market Production, Value and Growth Rate
4.2.2 Software Market Production, Value and Growth Rate
4.2.3 Services Market Production, Value and Growth Rate
4.3 Global Video Conferencing Production and Value Forecast by Type
4.3.1 Global Video Conferencing Production Forecast by Type 2021-2026
4.3.2 Global Video Conferencing Market Value Forecast by Type 2021-2026
4.4 Global Video Conferencing Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Hardware Market Production, Value and Growth Rate Forecast
4.4.2 Software Market Production, Value and Growth Rate Forecast
4.4.3 Services Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Video Conferencing Consumption and Value by Application
5.1.1 Global Video Conferencing Consumption by Application 2016-2021
5.1.2 Global Video Conferencing Market Value by Application 2016-2021
5.2 Global Video Conferencing Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Corporate Enterprise Market Consumption, Value and Growth Rate
5.2.2 Healthcare Market Consumption, Value and Growth Rate
5.2.3 Government Market Consumption, Value and Growth Rate
5.2.4 Education Market Consumption, Value and Growth Rate
5.2.5 Others Market Consumption, Value and Growth Rate
5.3 Global Video Conferencing Consumption and Value Forecast by Application
5.3.1 Global Video Conferencing Consumption Forecast by Application 2021-2026
5.3.2 Global Video Conferencing Market Value Forecast by Application 2021-2026
5.4 Global Video Conferencing Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Corporate Enterprise Market Consumption, Value and Growth Rate Forecast
5.4.2 Healthcare Market Consumption, Value and Growth Rate Forecast
5.4.3 Government Market Consumption, Value and Growth Rate Forecast
5.4.4 Education Market Consumption, Value and Growth Rate Forecast
5.4.5 Others Market Consumption, Value and Growth Rate Forecast
6 Global Video Conferencing by Region, Historical Data and Market Forecasts
6.1 Global Video Conferencing Sales by Region 2016-2021
6.2 Global Video Conferencing Market Value by Region 2016-2021
6.3 Global Video Conferencing Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Video Conferencing Sales Forecast by Region 2021-2026
6.5 Global Video Conferencing Market Value Forecast by Region 2021-2026
6.6 Global Video Conferencing Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Video Conferencing Value and Market Growth 2016-2021
7.2 United State Video Conferencing Sales and Market Growth 2016-2021
7.3 United State Video Conferencing Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Video Conferencing Value and Market Growth 2016-2021
8.2 Canada Video Conferencing Sales and Market Growth 2016-2021
8.3 Canada Video Conferencing Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Video Conferencing Value and Market Growth 2016-2021
9.2 Germany Video Conferencing Sales and Market Growth 2016-2021
9.3 Germany Video Conferencing Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Video Conferencing Value and Market Growth 2016-2021
10.2 UK Video Conferencing Sales and Market Growth 2016-2021
10.3 UK Video Conferencing Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Video Conferencing Value and Market Growth 2016-2021
11.2 France Video Conferencing Sales and Market Growth 2016-2021
11.3 France Video Conferencing Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Video Conferencing Value and Market Growth 2016-2021
12.2 Italy Video Conferencing Sales and Market Growth 2016-2021
12.3 Italy Video Conferencing Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Video Conferencing Value and Market Growth 2016-2021
13.2 Spain Video Conferencing Sales and Market Growth 2016-2021
13.3 Spain Video Conferencing Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Video Conferencing Value and Market Growth 2016-2021
14.2 Russia Video Conferencing Sales and Market Growth 2016-2021
14.3 Russia Video Conferencing Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Video Conferencing Value and Market Growth 2016-2021
15.2 China Video Conferencing Sales and Market Growth 2016-2021
15.3 China Video Conferencing Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Video Conferencing Value and Market Growth 2016-2021
16.2 Japan Video Conferencing Sales and Market Growth 2016-2021
16.3 Japan Video Conferencing Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Video Conferencing Value and Market Growth 2016-2021
17.2 South Korea Video Conferencing Sales and Market Growth 2016-2021
17.3 South Korea Video Conferencing Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Video Conferencing Value and Market Growth 2016-2021
18.2 Australia Video Conferencing Sales and Market Growth 2016-2021
18.3 Australia Video Conferencing Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Video Conferencing Value and Market Growth 2016-2021
19.2 Thailand Video Conferencing Sales and Market Growth 2016-2021
19.3 Thailand Video Conferencing Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Video Conferencing Value and Market Growth 2016-2021
20.2 Brazil Video Conferencing Sales and Market Growth 2016-2021
20.3 Brazil Video Conferencing Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Video Conferencing Value and Market Growth 2016-2021
21.2 Argentina Video Conferencing Sales and Market Growth 2016-2021
21.3 Argentina Video Conferencing Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Video Conferencing Value and Market Growth 2016-2021
22.2 Chile Video Conferencing Sales and Market Growth 2016-2021
22.3 Chile Video Conferencing Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Video Conferencing Value and Market Growth 2016-2021
23.2 South Africa Video Conferencing Sales and Market Growth 2016-2021
23.3 South Africa Video Conferencing Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Video Conferencing Value and Market Growth 2016-2021
24.2 Egypt Video Conferencing Sales and Market Growth 2016-2021
24.3 Egypt Video Conferencing Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Video Conferencing Value and Market Growth 2016-2021
25.2 UAE Video Conferencing Sales and Market Growth 2016-2021
25.3 UAE Video Conferencing Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Video Conferencing Value and Market Growth 2016-2021
26.2 Saudi Arabia Video Conferencing Sales and Market Growth 2016-2021
26.3 Saudi Arabia Video Conferencing Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
}})
Select a license type that suits your business needs
US $3950
Only Three Thousand Nine Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4950
Only Four Thousand Nine Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5950
Only Five Thousand Nine Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI