1 Video conferencing market: Segmentation & scope. Find out more about how we use your information in our Privacy Policy and Cookie Policy, and change your choices at any time by visiting Your Privacy Controls. With the increasing globalization of businesses worldwide, the need is strong to set up a flexible, cost-effective, and scalable communication network, which helps facilitate better communication, team collaboration, and decision-making capability. The primary growth driver for the market, especially in 2020, remained the need for organizations to facilitate employee collaboration, which led to the demand for conferencing apps such as Microsoft Teams, Google Meet, and Zoom. The global video conferencing market size is estimated to expand at nearly 23% CAGR during 2021 to 2027 led by growing integration of advanced technologies, such as Artificial Intelligence (AI), machine learning & the Internet of Things (IoT), in video conferencing products & solutions. Global Video Conferencing Market by Enterprise Size, 8. Cognitive Market Research has published a detailed market analysis report of Video Conferencing Equipment Industry titled, "Global Video Conferencing Equipment Market Report 2022". The product is a PDF. Global Video Conferencing Market, By Enterprises Size. 12-01-2022 04:52 AM CET | IT, New Media & Software Press release from: Syndicate Market Research. The growing . It is primarily attributed to factors such as video conferencing conducting meetings using telecommunication technologies and involves . New York, May 20, 2022 - 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 . Video Conferencing Market Report Highlights, In terms of components, the software segment is expected to register the highest CAGR over the forecast period. The global video conferencing market size was valued at USD 6,257.9 Million in 2019 and expected to generate USD 12,139.4 Million by 2027, registering at a CAGR of 8.20%, during the forecast period (2020-2027). Laura Wood, Senior Press Manager The robust urbanization which is responsible for the use of video conferencing is driving factor growth. This can be attributed to the increase in cloud-based subscriptions across different platforms, Small and medium-sized companies are adopting these services to rapidly expand their geographic operations by establishing a centralized communication platform that uses advanced technologies, such as 4G and VoIP. Recently, companies such as Ring Central and 8x8, Inc. have updated their pricing structures with multiple tiers of pricing plans, Chapter 3 Video Conferencing Industry Outlook, 3.2 Video Conferencing - Value Chain Analysis, 3.3.1.1 Growing high-speed communication infrastructure, 3.3.1.2 Increasing adoption of video conferencing solutions by MNCs to support global operations, 3.3.2.1 Data security and privacy concerns, 3.3.2.2 High acquisition and integration costs, 3.4 Penetration and Growth Prospect Mapping, Chapter 4 Video Conferencing Component Outlook, Chapter 5 Video Conferencing Deployment Outlook, Chapter 6 Video Conferencing Market Enterprise Size Outlook, Chapter 7 Video Conferencing Market Application Outlook, Chapter 8 Video Conferencing End Use Outlook, Chapter 9 Video Conferencing Market Regional Outlook, For more information about this report visit https://www.researchandmarkets.com/r/66zur8, View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005460/en/, ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900, Top Searches for AARP Insurance Plans for Seniors, "Global Video Conferencing Market Size, Share & Trends Analysis Report by Component (Hardware, Software, Service), by Deployment, by Enterprise Size, by Application, by End Use, by Region, and Segment Forecasts, 2021-2028", https://www.researchandmarkets.com/r/66zur8, https://www.businesswire.com/news/home/20220124005460/en/. 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. To view or add a comment, sign in. In 2020, Google Meet, Google's video meeting tool that was meant to be an enterprise solution, was made available to everyone to directly compete with competitors. 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. Video conferencing is being highly deployed due to its various benefits, such as saves time, promotes collaboration, strengthens productivity and minimizes travel expenses. For GMT Office Hours Call +353-1-416-8900, Internet Explorer presents a security risk. Companies with a global presence and workforce are the early adopters of video conferencing technology and more likely to deploy video conferencing systems to enable effective communication between multiple teams located in different countries. This report on global video conferencing market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The market is expected to grow above a CAGR of 11.45% and is anticipated to reach over USD 9.2 Billion by 2026. Video Conferencing Market size is set to surpass USD 75 billion by 2027, according to a new research report by Global Market Insights Inc.. Because of the complicated international network environment, the leading video conferencing system has strong network adaptability. Global Video Conferencing Market by Component, 11. Video conferencing solutions are being adopted by businesses all over the world to enhance their client interaction, brand awareness, and marketing initiatives. 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. Hence, the small and medium enterprises segment is expected to expand at a promising pace over the forecast period, In terms of end use, the healthcare sector is expected to witness substantial growth over the next few years. For U.S./ CAN Toll Free Call 1-800-526-8630 Organizations are able to reach a wider audience, connect with them more effectively, and quickly engage audiences with the aid of video conferencing for marketing objectives.New York, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com . Video conferencing software is a tool used by two parties to communicate via video and audio. Question such as what is the Video Conferencing Equipment Market Size, Trends, Growth and Competitors Analysis (2016-2028)". 2.1 Global Web Conferencing Sales and Share by Player (2017-2022) 2.2 Global Web . Meetings are an essential part of achieving efficient management of enterprises and organizations. The Video Conferencing Market is expected to register a CAGR of 15.5% from 2021 to 2028 and reach USD 24.4 billion . Furthermore, in April 2020, Facebook launched its video meeting tool Messenger Rooms, which allows 50 people to join a video conference. According to the research report, the global video conferencing market in 2019 was approximately USD 4.8Billion. 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. Global Video Conferencing Market Size, Share & Trends Analysis Report by Component (Hardware, Software), by Deployment (On-premise, Cloud), by Enterprise Size, by Application, by End-use, by Region, and Segment Forecasts, 2022-2030. (2022 - 2028). It has fully used in various meetings, including daily meetings, high-level meetings, large-scale meetings, multinational meetings, mobile meetings, Request For Free Sample Report @ https://www.sperresearch.com/report-store/Video-Conferencing.aspx?sample=1. 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. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. 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Global Video Conferencing Market Size, Trend, Demand & Leading Players 2022-2028. Each license type allows a set number of users to access the report. This product is a market research report. Video conferencing is the method of communication that takes help of different kinds of telecommunication technologies with the real-time, two-way transmission of video & audio among people. 4. 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. This report contains statistics on product type segment growth estimates and forecasts. 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. DUBLIN, January 24, 2022--(BUSINESS WIRE)--The "Global Video Conferencing Market Size, Share & Trends Analysis Report by Component (Hardware, Software, Service), by Deployment, by Enterprise Size, by Application, by End Use, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering. This is an enterprise license, allowing all employees within your organization access to the product. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The need to remain connected across dispersed teams has elevated the demand for video conferencing solutions in the healthcare sector, Growth in the educational sector has also gained traction owing to the increased demand for distance learning. 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. This product is a market research report. The education sector witnessed a notable rise in the demand for these solutions in 2020 to continue with online learning and seminars. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). Video conferencing solutions help in taking decisions . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The global Video Conferencing Market Size Is Expected To Reach USD 32.70 Billion By 2028, at a CAGR of 19.8% during the forecast period. According to SPER Market Research, the Global Video Conferencing Market is during the forecast period (2020-2027). Global Video Conferencing Market Analysis, 5. Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End-User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media) - Global Forecast to 2028. 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.. 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.. 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.. This product is a market research report. Global Video Conferencing Market - Industry Trends & Forecast Report 2028. The Global Video Conferencing Market is estimated to be worth $19.73 Billion by 2030. 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. 1.5 Global Market Size of Web Conferencing (2017-2029) 2 Global Web Conferencing Market Landscape by Player. Global Video Conferencing Market Size And Drivers: 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 major factors contributing to the growth are the emerging trend of remote working, geographically scattered business operations, and increased globalization Global Video Conferencing Market Size, Share & Trends Analysis Report by End-User (Government and Commercial) Impact of COVID-19 on Global Video Conferencing Industry, and Forecast 2019-2025 . The global video conferencing industry is expected to gain traction during the coronavirus outbreak. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global video conferencing market. Global Video Conferencing Market by Region, For more information about this report visit https://www.researchandmarkets.com/r/76vsyl, ResearchAndMarkets.com The video conference system has outstanding advantages, such as large capacity, strong mobility, and high security. Trends such as the increasing transition towards cloud and the growing adoption of Video Conferencing as a Service (VCaaS) are expected to drive market growth. For E.S.T Office Hours Call 1-917-300-0470 We, Yahoo, are part of the Yahoo family of brands. Select 'Manage settings' to manage your choices. The growing demand for online learning applications will support the video conferencing industry growth. 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. 12.1. Web conferencing, audio conferencing, and IM are being widely used for delivering notes and streaming live conferences, Market players offer a competitive pricing structure and bundle services to help the end users save costs. Based on our analysis, the global video conferencing market share exhibited an average growth of 8.1% in 2020, as . The global video conferencing market size was estimated around USD 4 billion in 2019 and projected to grow at the CAGR of 8.6% during the forecast period 2020-2027. 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. 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. DUBLIN--(BUSINESS WIRE)--The "Video Conferencing Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. 12.1.1. Several companies have witnessed the digital transformation in just 2 to 3 months that would otherwise occur over two years due to the COVID-19 pandemic. +91 780-304-0404. . The business consulting firm Global Market Vision offers action-ready market research reports, custom market analysis and consulting services. 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.. 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 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%. 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. Adobe Inc. AURA Presence, LLC. With the onset of the pandemic in 2020, lockdown measures were implemented by regional governments and several schools & colleges were shut down to . Due to the COVID-19 pandemic, a large number of organizations globally have encouraged their employees to work from home or remotely, driving the demand for video conferencing applications and software. Global Video Conferencing Market by Deployment, 7. 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 report presents a clear picture of the global video conferencing market by segmenting the market based on conference type, deployment, enterprise size, application, end user industry, component, and region. 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. . regarding management issues that are crucial for businesses and organisations and have a big impact on the market. 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. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. All Rights Reserved. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). DUBLIN--(BUSINESS WIRE)--The "Video Conferencing Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.The global . [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. Key companies in the Global Video Conferencing Market include Adobe Inc., AURA Presence, LLC., Avaya Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Logitech International S.A., Microsoft Corporation, Plantronics, Inc. and West Corporation (Intrado Corporation). 2.1 Video Conferencing Market-Industry Snapshot & Key Buying Criteria, 2018-2030, 4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million), 5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million), 6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million), 7.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million), 8.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million), 9.1 Video Conferencing Market Share By Region, 2021, 10.1 Key Global Players, Recent Developments & Their Impact on the Industry, Table 1 Global video conferencing market, 2018-2030 (USD Million), FIG. The increased demand for these solutions has encouraged market players to offer products with distinctive features and innovations to remain competitive. The video conferencing market is expected to witness sustained growth during the forecast period with increasing adoption of video conferencing services in the commercial sector. The global video conferencing market is expected to grow at a CAGR of around 12.0% during 2022-2028. Companies Mentioned. The technology enables the ability to encourage all those benefits and also does not require constant travel for face-to . By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The product is a PDF. DOWNLOAD PDF. 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 growing popularity of globalized working models has seemingly made video . It traces the markets historic and forecast market growth by geography. However, despite the elevated demand, security concerns have posed to be a challenge to market growth. The rapid pace of globalization of businesses, coupled with the growing adoption of video conferencing by the organization, communication with geographically scattered business operations, and remote workforce management is vital factors estimated to trigger the global video conferencing market. HAVE A QUESTION? Also, detailed profiles of companies operating in the video conferencing market are provided in this report. The rapid expansion of the market is predominantly due to global workforce . 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. Video Conferencing Market, by Enterprises Size, 2022-2030. 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 product is a PDF. The Global Video Conferencing Market size is expected to reach $21.8 billion by 2027, rising at a market growth of 16% CAGR during the forecast period. The growth in revenue is lesser as compared to the subscriber base in 2022-2025 because . The report focuses on the Cloud-Based Video Conferencing market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. As remote and globalized working models are becoming popular, the move to the cloud is becoming inevitable, thereby driving the demand for video conferencing solutions. For More Information, refer to below link: , Metaverse Market Size- By Verticals, By Components, By Platform, By End User Industry, By Offering- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032, Mobile Mapping Market Size - By Offering, By Deployment Model, By Enterprise Size, By Application, By Industry Vertical - Regional Outlook, Competitive Strategies and Segment Forecasts to 2030, To view or add a comment, sign in The rise in usages of video conferencing by various industries to enable effective real-time communication over long distances at minimal cost, and time, and enhance productivity between teams based at different locations worldwide will augment the demand of the global video conferencing market. This website uses cookies to ensure you get the best experience. The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various . The global video conferencing market size is projected to register a CAGR of 12.6% during the forecast period, reaching 19.1 Billion by 2027 from an estimated USD 10.6 billion in 2022. The global video conferencing market size was valued at USD 6.28 billion in 2021. The Video Conferencing Market was valued at US$ 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. press@researchandmarkets.com This product is a market research report. Justyna will help you find what you are looking for. We believe that this report will aid the professionals and industry stakeholders in making informed decision. . 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. . This is a single user license, allowing one user access to the product. Copyright 2002-2022 Research and Markets. Global Video Conferencing Market Overview: Forecast Market Size (2027): 12,139.4 billion. The rapid pace of globalization of businesses, coupled with the growing adoption . The businesses are set for profitable expansion due to the development of conferencing platforms based on machine learning and . Global Video Conferencing Market Analysis and Size. Please select an option from the list below. Small and Medium Enterprises . According to SPER Market Research, the Global Video Conferencing Market is during the forecast period (2020-2027). Oct 04, 2022 (The Expresswire) -- According to this latest study, In 2022 the growth of Video Conferencing Transcribing Market is projected to reach. This is a site license, allowing all users within a given geographical location of your organization access to the product. By clicking "Reject all" you reject all non-essential cookies and similar technologies, but Yahoo will continue to use essential cookies and similar technologies. This video conferencing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. by year 2026 at a CAGR of 9.22% during the . To ensure the most secure and best overall experience on our website, we recommend the latest versions of, "Video Conferencing Market: Global Market Size, Forecast, Insights, and Competitive Landscape", https://www.researchandmarkets.com/r/76vsyl, Rising Preference for Remote and E-learning. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew . The system adopts a self-developed transmission protocol that has an advanced firewall and NAT penetration capabilities and supports dial-up, ISDN, ADSL, dedicated line, LAN, satellite Network, 3G, and other network access methods. Global Video Conferencing In Healthcare Market size is expected to reach US$ 709.16 Mn. The increased command of high-speed data connectivity among consumers is . In March 2020, Microsoft Corporation rebranded Office 365 to Microsoft 365 to go beyond enterprise customers, which widened its subscriber base. Global Video Conferencing Market Key Players: Global Video Conferencing Market Study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Adobe Systems Inc, Avaya Inc, Blue Jeans Network, Cisco Corporation, and Citrix Systems Inc, Fuse Inc, Google Inc, High-five. Global Video Conferencing Market Key Segments Covered: The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. Global Video Conferencing Market by Application, 9. "According to the research report published by Polaris Market Research, the Global Video Conferencing Market Size Is Expected To Reach USD 32.70 Billion By 2028, at a CAGR of 19.8% during the forecast period. The growth rate of the Global Video Conferencing Market is 12.5%, with an estimated value of $19.73 Billion by 2030. Video conferencing technology also provides a better social interaction platform as compared to conventional voice calls as it offers features such as eye-to-eye contact. The Global Video Conferencing Market was estimated to be valued at $7.71 Billion in 2022. The Video Conferencing Endpoint Market was valued at USD xx million in 2019 and is projected to reach USD xx million by 2027, growing at a CAGR of xx% from 2020 to 2027. . The Global Video Conferencing Market Analysis, 2020 market research report depicts a deep-dive market analysis of statistics of Global Video Conferencing market which consists of region-wise market size, market forecast, CAGR market segmentation, market share of various Levels of components, deployment type, enterprise size, type, application, end use, etc. Global Video Conferencing Market by End-user Industry, 10. Global Video Conferencing In Healthcare Market Key players: Polycom, Inc. Cisco Systems . In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2022-2025. 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global video conferencing market size