Global Video Conferencing Market Size Research report presents an in-depth analysis of the Video Conferencing Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future road-map, revenue and 2029 forecast. Moreover, this research report categorizes the global Video Conferencing Market by companies, region, type and end-user industry.
The global video conferencing market is projected to grow from $6.28 billion in 2021 to $12.99 billion in 2028 at a CAGR of 10.9% during forecast period
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This report aims at providing critical information and valuable insights which are of high value to the users, enabling them to identify the strategic growth opportunities.
The global video conferencing market size is projected to reach USD 10.92 billion by 2027, exhibiting a CAGR of 9.7% during the forecast period. The combination of video conferencing solutions with technologies such as artificial intelligence and the internet is expected to boost market growth, states Fortune Business Insights™ in its report titled “Video Conferencing Market, 2020-2027.” As per the report, the market size stood at USD 5.32 billion in 2019.
Visual communication technology is fused with several technologies such as artificial intelligence (AI), the internet, and virtual reality to enhance the product’s features. For example, Oterr.ai launched Live Notes and video captions during calls for Google Meet on 21st January 2020. Several businesses and workplaces across the world utilize video conferencing technologies because of their benefits during the outbreak, eliminating the risks of infection and reducing operational costs. Furthermore, the incorporation of video banking helps the bank representative and the people communicate directly and enhance work efficiency. The banking and finance sectors extensively use the technology to connect the customers with advisors, representatives, and officers to satisfy the consumer demand for virtual video banking. For example, National Westminster Bank announced video banking solutions for small and medium-sized enterprises (SME) in July 2019. The solutions offered the enterprises to conduct secure video calls on multiple platforms such as mobile, PC, laptops, and tablets. Hence because of the rising adoption of video conferencing in several technologies, the market is expected to grow.
Top companies in the global Video Conferencing Market research report:
- Avaya Inc. (California, United States)
- AVer Information Inc. (Taipei City, Taiwan)
- Blue Jeans Network, Inc. (California, United States)
- Cisco Systems, Inc. (California, United States)
- Huawei Technologies Co. Ltd. (Shenzhen, China)
- Logitech International S.A. (Lausanne, Switzerland)
- Microsoft Corporation (New Mexico, United States)
- Panasonic Corporation (Osaka, Japan)
- Polycom Inc. (Plantronics, Inc.) (California, United States)
COVID-19 Outbreak Impact Analysis on Video Conferencing Market
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.
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Highlights of the Video Conferencing Market Report:
- Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies
- Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the industry.
- Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market
Report Aim & Scope:
- The Video Conferencing Market report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe and Latin America.
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- The various parameters accelerating the growth of the market are incorporated in the research report.
The Video Conferencing Market report provides answers to the following key questions:
Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid19 on the current industry?
What is economic impact on market?
When is the recovery expected from the pandemic?
Which segments offer high-growth opportunities in the long run?
What are the key outcomes of the five forces analysis of the global market?
What are sales, revenue, and price analysis by regions of this market?
Major table of contents:
- Video Conferencing Market Introduction and Market Overview
- Research Regions
- Research Scope and Market Size Estimation
- Industry Trends
- Future Challenges
- Market Restraints
- Market Segmentation
- Research Methodology
- Market Dynamics
- Video Conferencing Market Industry Development Trends under COVID-19 Outbreak
- Global Revenue and Growth Rate
- Industry News and Policies by Regions
- Concentration Ratio and Market Maturity Analysis
- Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- PEST Analysis
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