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Video Conferencing Market Size, Share, Growth & Trend Analysis Report by 2021 - 2029

Author: Mahesh Chavan
by Mahesh Chavan
Posted: Sep 11, 2022

The report also helps in understanding the Global Video Conferencing Market dynamics, structure by analyzing the market segments and project the Global Video Conferencing Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence of Global Video Conferencing Market make the report investor’s guide.

Global Video Conferencing Market : was valued at USD 4.58 Billion in 2021, and it is expected to reach USD 9.06 Billion by 2029, exhibiting a CAGR of 8.9% during the forecast period (2022-2029)

Video Conferencing Market Overview:

The various insights in the Video Conferencing market study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. These insights merge data-driven research framework with qualitative consultations for business owners, policy makers, and investors.

Market Scope:

Maximize research findings provide an invaluable reference for addressing all company goals, even mission-critical ones. When the results were applied, they demonstrated concrete advantages to company stakeholders and industry entities in terms of improving their performance. The outcomes are matched to the specific strategy framework. The report also displays some of the most recent case studies on how organisations solved various difficulties during their consolidation journey.

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Segmentation:

Based on component, the hardware segment held the largest share of 47% in 2021. Laptops, cell phones, and desktop computers with high-resolution cameras, microphones, and speakers are adding to the growth. As a result of certain companies embracing the work-from-home paradigm in 2020, demand for and expenditures in enterprise-based hardware have declined. As a result of this trend, businesses are investing more in individual goods rather than company hardware. Cameras and microphones/headphones are hardware sub-segments. The microphones/headphones category experienced a jump in growth in 2020, owing to the need for effective communication and the acceptance of the work-from-home paradigm. The quick adoption of software-based communications and collaboration options like Zoom video conferencing and Microsoft Teams during the epidemic has accelerated the headphones segment's growth. Recent breakthroughs in the fields of IoT and augmented reality have resulted in the creation of headgear with expanded functionality, such as improved device inter connectivity.

Based on deployment, the on-premise segment held the largest share of 47% in 2021. This is due to the increasing popularity of on-premise deployment by major enterprises in response to growing worries about data theft and effective information security system maintenance. However, due to the rising popularity of cloud-based solutions, the category is likely to increase modestly during the forecast period. Businesses have begun to migrate their revenue generating methods to the cloud as a result of this trend. Avaya, Inc., for example, altered its revenue generation strategy from on-premise to cloud-based. The cloud segment is likely to develop rapidly in the next years. These solutions help end users since they enable convenient access to video conferencing services via various channels, such as laptops and mobile devices. In addition, service providers are stressing the use of a Software as a Service (SaaS) platform for video conferencing, which has attracted a huge number of small and medium-sized businesses. Furthermore, the segment's growth is likely to be fueled by the development of better encrypted and password-protected cloud solutions.

Key Players:

  • Cisco Systems
  • Verizon Communications
  • Polycom Inc.
  • Alphabet Inc.
  • Adobe Systems
  • Microsoft Corporation
  • Vidyo Inc.
  • Zoom Video Communication
  • Logitech International S.A.
  • Panasonic Corporation
  • ZTE Corporation
  • Fuze Inc.
  • Huawei Technologies Co.
  • Avaya Inc.
  • Facebook, Inc.
  • Lifesize Inc.
  • StarLeaf

The research provides an in-depth analysis of the market. The forecasts in the paper were created utilising tried-and-true research methodology and assumptions. Following are the key players in Video Conferencing market-

Regional Analysis:

The report aims to estimate the worldwide market's existing and future development prospects, unexplored pathways, variables influencing revenue potential, and demand and consumption trends by region.

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The following regional segments are thoroughly covered:

  • North America
  • Asia Pacific
  • Europe
  • South America
  • The Middle East and Africa

COVID-19 Impact Analysis on Video Conferencing Market:

The research enables organisations and anybody with an interest in the sector to develop broad strategy frameworks. Given the present uncertainty caused by COVID-19, this is more crucial than ever. The research deliberates on discussions to overcome various prior disruptions and anticipates forthcoming ones to improve readiness. The frameworks assist organisations in planning their strategic alignments in the aftermath of such disruptive movements. Furthermore, Maximize analysts assist you in breaking down the difficult circumstance and bringing resilience in unpredictable times.

Key Questions answered in the Video Conferencing Market Report are:

  • Which product segment grabbed the largest share in the Video Conferencing market in 2020?
  • How is the competitive scenario of the Video Conferencing market?
  • Which are the key factors aiding the Video Conferencing market growth?
  • Which region holds the maximum share in the Video Conferencing market in 2020?
  • What will be the CAGR of the Video Conferencing market during the forecast period (2021-2027)?
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About the Author

Global Automotive Door Panel Market Share, Global Automotive Door Panel Market Size, Global Automotive Door Panel Market Trend, Global Automotive Door Panel Market Analysis

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Author: Mahesh Chavan

Mahesh Chavan

Member since: Apr 19, 2022
Published articles: 82

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