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. According to SPER Market Research, the Global Video Conferencing Market is during the forecast period (2020-2027). Question such as what is the Video Conferencing Equipment Market Size, Trends, Growth and Competitors Analysis (2016-2028)". The Global Video Conferencing Market was estimated to be valued at $7.71 Billion in 2022. 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 . Cognitive Market Research has published a detailed market analysis report of Video Conferencing Equipment Industry titled, "Global Video Conferencing Equipment Market Report 2022". 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. 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 . With the onset of the pandemic in 2020, lockdown measures were implemented by regional governments and several schools & colleges were shut down to . (2022 - 2028). HAVE A QUESTION? The robust urbanization which is responsible for the use of video conferencing is driving factor growth. The product is a PDF. Small and Medium Enterprises . 12.1. The product is a PDF. 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. For GMT Office Hours Call +353-1-416-8900, Internet Explorer presents a security risk. 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. Also, detailed profiles of companies operating in the video conferencing market are provided in this report. The major factors contributing to the growth are the emerging trend of remote working, geographically scattered business operations, and increased globalization This product is a market research report. 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. The product is a PDF. 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. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. 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%. 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. 12.1.1. 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 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. Global Video Conferencing Market by Component, 11. Because of the complicated international network environment, the leading video conferencing system has strong network adaptability. Based on our analysis, the global video conferencing market share exhibited an average growth of 8.1% in 2020, as . 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. Global Video Conferencing Market by Conference Type, 6. It traces the markets historic and forecast market growth by geography. The growth rate of the Global Video Conferencing Market is 12.5%, with an estimated value of $19.73 Billion by 2030. 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 . Please select an option from the list below. 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. Each license type allows a set number of users to access the report. 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. 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. 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. Global Video Conferencing Market Size, Trend, Demand & Leading Players 2022-2028. 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 global video conferencing market size was valued at USD 6.28 billion in 2021. 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. 1.5 Global Market Size of Web Conferencing (2017-2029) 2 Global Web Conferencing Market Landscape by Player. 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 is estimated to be worth $19.73 Billion by 2030. 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. According to SPER Market Research, the Global Video Conferencing Market is during the forecast period (2020-2027). Video conferencing is being highly deployed due to its various benefits, such as saves time, promotes collaboration, strengthens productivity and minimizes travel expenses. 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. 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 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. Global Video Conferencing Market Analysis and Size. 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 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.. Video conferencing software is a tool used by two parties to communicate via video and audio. Global Video Conferencing Market - Industry Trends & Forecast Report 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. 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. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). For U.S./ CAN Toll Free Call 1-800-526-8630 For E.S.T Office Hours Call 1-917-300-0470 Copyright 2002-2022 Research and Markets. +91 780-304-0404. . 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. 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. Video conferencing solutions help in taking decisions . The global video conferencing market is expected to grow at a CAGR of around 12.0% during 2022-2028. It is primarily attributed to factors such as video conferencing conducting meetings using telecommunication technologies and involves . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 1 Video conferencing market: Segmentation & scope. Furthermore, in April 2020, Facebook launched its video meeting tool Messenger Rooms, which allows 50 people to join a video conference. 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. Global Video Conferencing Market by Deployment, 7. Select 'Manage settings' to manage your choices. 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. Global Video Conferencing Market by Enterprise Size, 8. This is a single user license, allowing one user access to the product. "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. Video conferencing solutions are being adopted by businesses all over the world to enhance their client interaction, brand awareness, and marketing initiatives. regarding management issues that are crucial for businesses and organisations and have a big impact on the market. This product is a market research report. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The growing popularity of globalized working models has seemingly made video . The increased command of high-speed data connectivity among consumers is . 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 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. The growing . The businesses are set for profitable expansion due to the development of conferencing platforms based on machine learning and . 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 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. Global Video Conferencing Market by End-user Industry, 10. 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. 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 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. In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2022-2025. 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 . 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. Justyna will help you find what you are looking for. However, despite the elevated demand, security concerns have posed to be a challenge to market growth. 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. This is an enterprise license, allowing all employees within your organization access to the product. 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. Global Video Conferencing Market, By Enterprises Size. 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. Video Conferencing Market, by Enterprises Size, 2022-2030. Global Video Conferencing In Healthcare Market Key players: Polycom, Inc. Cisco Systems . The technology enables the ability to encourage all those benefits and also does not require constant travel for face-to . DOWNLOAD PDF. 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. 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. 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 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. . 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. 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 is a site license, allowing all users within a given geographical location of your organization access to the product. All Rights Reserved. The substantial growth can be ascribed to the increasing adoption of cloud technologies and Video Conferencing as a Service (VCaaS). Global Video Conferencing Market Analysis, 5. We believe that this report will aid the professionals and industry stakeholders in making informed decision. According to the research report, the global video conferencing market in 2019 was approximately USD 4.8Billion. 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 report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. This product is a market research report. The global video conferencing industry is expected to gain traction during the coronavirus outbreak. We, Yahoo, are part of the Yahoo family of brands. The rapid expansion of the market is predominantly due to global workforce . 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. 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. . DUBLIN--(BUSINESS WIRE)--The "Video Conferencing Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. Video Conferencing Market Report Highlights, In terms of components, the software segment is expected to register the highest CAGR over the forecast period. The Video Conferencing Market is expected to register a CAGR of 15.5% from 2021 to 2028 and reach USD 24.4 billion . This product is a market research report. 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. 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. Global Video Conferencing Market Overview: Forecast Market Size (2027): 12,139.4 billion. The growing demand for online learning applications will support the video conferencing industry growth. Meetings are an essential part of achieving efficient management of enterprises and organizations. Global Video Conferencing Market by Application, 9. Global Video Conferencing In Healthcare Market size is expected to reach US$ 709.16 Mn. 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. 2.1 Global Web Conferencing Sales and Share by Player (2017-2022) 2.2 Global Web . press@researchandmarkets.com The video conference system has outstanding advantages, such as large capacity, strong mobility, and high security. 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. The market is expected to grow above a CAGR of 11.45% and is anticipated to reach over USD 9.2 Billion by 2026. HVAC (Heating, Ventilation, & Air Conditioning), Video Conferencing Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030, Video Conferencing Market Outlook Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2030, Video Conferencing Market Research Report by Industry, Deployment, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19, Web & Video Conferencing SaaS Market Research Report by Application, End-Use, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19, 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 growth in revenue is lesser as compared to the subscriber base in 2022-2025 because . 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. . The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various . Oct 04, 2022 (The Expresswire) -- According to this latest study, In 2022 the growth of Video Conferencing Transcribing Market is projected to reach. In March 2020, Microsoft Corporation rebranded Office 365 to Microsoft 365 to go beyond enterprise customers, which widened its subscriber base. 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 increased demand for these solutions has encouraged market players to offer products with distinctive features and innovations to remain competitive. This website uses cookies to ensure you get the best experience. 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. . 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. by year 2026 at a CAGR of 9.22% during the . The education sector witnessed a notable rise in the demand for these solutions in 2020 to continue with online learning and seminars. 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. Adobe Inc. 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