Statistics Analysis of Video Conferencing Market Size & Share Will Reach USD 32.70 Billion by 2028, at 19.8% CAGR: Polaris Market Research

According to the latest research study, the report predicts the global size & share of Video Conferencing Market to reach around USD 32.70 Billion by 2028 from USD 7.75 Billion in 2020. The global Video Conferencing Market is anticipated to register a significant CAGR of 19.8% by 2028.

According to the latest research study, the report predicts the global size & share of Video Conferencing Market to reach around USD 32.70 Billion by 2028 from USD 7.75 Billion in 2020. The global Video Conferencing Market is anticipated to register a significant CAGR of 19.8% by 2028.

Video conferencing is an online technology that permits users from different locations to engage in face-to-face meetings without moving to an isolated area together. Uses for video conferencing include assembling meetings that are routine, arranging business deals, and interviewing job seekers. There are innumerable ways to use video conferencing technologies like job training conferences, company meetings, and talking to board members. The quality and stability of video conferences may alter with reliability and speed of the connection of data. Video conferencing can be conducted in several ways, like tablets, smartphones, and desktop computers.

More than audio conferencing, video conferencing is more engaging. Contenders in audio conferencing keep an eye on multitasking as they feel detached from other contestants in the meeting. With video, there is a compulsion to sustain eye contact that is virtual interpreting levels of engagement that are superior. When each convention representative is visible, there is an inclination to utilize communication skills that have been experienced in conversations that are face to face.

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Key Offerings:

Market size and forecast by revenue (2021—2028)
Market dynamics – Prime trends, restraints, growth drivers, and opportunities of investment
Market segmentation – A detailed analysis by source, product, distribution channel, and region
Competitive landscape – vendors that are crucial and topmost

 

Important Questions Being Answered by The Market Report

How much is the global video conferencing market desirable?
What is the value of the global video conferencing market?
Which is the leading element segment in the global video conferencing in the market?
Who are the top players?
Which region is anticipated to hold the highest market share?

 

Top Market Players

Amazon Web Services Inc.
AURA Presence
Avaya Inc.
Barco NV
BlueJeans Network Inc
Cisco Systems Inc.
Fuze Inc.
Google
Haivision Inc.
HighFive Inc.
Huawei Technologies Co. Ltd.
Kaltura Inc.
Kollective Technology Inc.
Lifesize Inc.
Logitech International S.A.
LogMeIn Inc.
Microsoft Corporation
Pexip
AS
Plantronics Inc.
Qumu Corporation
Sonic Foundry Inc.
StarLeaf Inc.
Vidyo Inc.
Zoom Video Communications Inc

 

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Video Conferencing Market: Growth Leading Factors

As an alternative to additional classrooms, several universities, schools, and colleges have started moving to distance learning. Presently with the influence of the pandemic, more educational academies cooperate with video communication providers to enhance learning that is remote. Therefore, in the current situation, educational institutions need to install sturdy software to dispatch a learning experience that is efficient. Additionally, several students may need software tools they need like Adobe, Microsoft Office, and other devices. These clarifications guarantee that students gain classes that are online from their own devices. It also permits the teachers to share screens, files, and documents while teaching.

The cloud deployment prototype involves providers like  Infrastructure as a Service (IaaS) and Software as a Service (SaaS), with more end-users as government agencies, enterprises, and healthcare organizations. SaaS-dependent video solutions are positioned capitalizing on their clarity and deployment ease. Firms are considering the privacy policy and data security model of cloud service.

The upsurge of covid-19 has caused the dropping of international seminars, corporate events, product launches, trade shows, and investor presentations. Due to these factors, corporate organizations are concentrating on executing video communication solutions like Team, Zoom, and others to host such events, which has affirmatively impacted the growth of the market.

Global Video Conferencing Market: Report Scope

Report Attribute

Details

Market Size 2020 Value

USD 7.75 Billion

Market Outlook for 2028

USD 32.70 Billion

Expected CAGR Growth

19.8% from 2021 – 2028

Base year

2020

Forecast period

2021 – 2028

Segments covered

By Component, By Deployment, By Application, By End-Use, By Region

Key Companies

Amazon Web Services, Inc., AURA Presence, Avaya Inc., Barco NV, BlueJeans Network, Inc, Cisco Systems, Inc., Fuze, Inc., Google, Haivision, Inc., HighFive, Inc., Huawei Technologies Co. Ltd., Kaltura, Inc., Kollective Technology, Inc., Lifesize, Inc., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Pexip, AS, Plantronics, Inc., Qumu Corporation, Sonic Foundry, Inc., StarLeaf Inc., Vidyo, Inc., and Zoom Video Communications, Inc.

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

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Video Conferencing Market: Key Segmentation

Insight by component, deployment, application, end-use, and region

 

Dependent on the component, the solution segment is anticipated to grow. The development in the acquisition of room conferencing meetings in the course of lockdown has affirmatively influenced the demand for single and multi-codec ends points like cameras, phones, and mic. Based on the deployment model, the cloud segment has anticipated the account for the most significant share because of investment costs that are low and sustenance. Dependent on application, SMEs are forecast to better their customer relationship, the interaction between marketing and sales team, new product launches, and remote location. Therefore, SMEs are expected to see a growth that is strong. Based on end-use, the healthcare sector will dominate as medical aid required by the patient in a remote area is gaining momentum. There is a growth in the concentration of medical organizations offering training of video conferencing solutions amidst employees.

By region, North America is evaluated as having the most significant share in the global video conferencing market. This growth is because of the prevalence of IT companies embracing technology that is the latest and growing reliance on tools of video conferencing from SMEs. The Asia Pacific is also leading with a substantial share in the market because of increasing awareness regarding internet service usage growing number of start-ups appealing to the people with video conferencing platforms.

Browse the full “Video Conferencing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Service); By Deployment (On-Premise, Cloud); By Application (Consumer, Enterprise); By End-Use; By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/video-conferencing-market

The market primarily depends on component, deployment, application, end-use, and region

Video Conferencing Market: By Component

Hardware
Software
Service

 

Video Conferencing Market: By Deployment

On-Premise
Cloud

 

Video Conferencing Market: By Application

Consumer
Enterprise

 

Video Conferencing Market: By End-Use

Corporate
Education
Healthcare
Government & Defense
BFSI
Media & Entertainment
Others

 

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