Video Conferencing Market Size, Share, Trends, Growth 2032
Video Conferencing Market By Component (Hardware, Software, and Services); By Application (Corporate Communication, Training & Development, and Marketing & Client Engagement), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 10.28 Billion | USD 24.94 Billion | 9.3% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Video Conferencing Market, 2016–2026 (USD Billion)
- 2.2. Video Conferencing Market: Snapshot
- Chapter 3. Global Video Conferencing Market– Industry Analysis
- 3.1. Video Conferencing Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Necessity for real-time communications, requirement for carrying out business transactions at a rapid pace, and having effective modes of communications will prompt business trends.
- 3.2.2. With the term industry 4.0 revulution gaining rapid momentum and digitization likely to become a catch phrase of coming decade, the video conferencing market is predicted to gain traction over the years ahead.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Component
- 3.4.2. Market attractiveness analysis By Application
- Chapter 4. Global Video Conferencing Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Video Conferencing Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Technology launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Video Conferencing Market– Component Analysis
- 5.1. Global Video Conferencing Market overview: By Component
- 5.1.1. Global Video Conferencing Market share, By Component , 2019 and 2026
- 5.2. Hardware
- 5.2.1. Global Video Conferencing Market By Hardware, 2016–2026 (USD Billion)
- 5.3. Services
- 5.3.1. Global Video Conferencing Market By Services, 2016–2026 (USD Billion)
- 5.4. Software
- 5.4.1. Global Video Conferencing Market By Software, 2016–2026 (USD Billion)
- 5.1. Global Video Conferencing Market overview: By Component
- Chapter 6. Global Video Conferencing Market– Application Analysis
- 6.1. Global Video Conferencing Market overview: By Application
- 6.1.1. Global Video Conferencing Market share, By Application, 2019 and 2026
- 6.2. Corporate Communication
- 6.2.1. Global Video Conferencing Market By Corporate Communication, 2016–2026 (USD Billion)
- 6.3. Training & Development
- 6.3.1. Global Video Conferencing Market By Training & Development, 2016–2026 (USD Billion)
- 6.4. Marketing & Client Engagement
- 6.4.1. Global Video Conferencing Market By Marketing & Client Engagement, 2016–2026 (USD Billion)
- 6.1. Global Video Conferencing Market overview: By Application
- Chapter 7. Company Profiles
- 7.1. Avaya, Inc.
- 7.1.1. Overview
- 7.1.2. Financials
- 7.1.3. Technology Portfolio
- 7.1.4. Business Strategy
- 7.1.5. Recent Developments
- 7.2. Pulycom, Inc.
- 7.2.1. Overview
- 7.2.2. Financials
- 7.2.3. Technology Portfolio
- 7.2.4. Business Strategy
- 7.2.5. Recent Developments
- 7.3. Cisco Systems, Inc.
- 7.3.1. Overview
- 7.3.2. Financials
- 7.3.3. Technology Portfolio
- 7.3.4. Business Strategy
- 7.3.5. Recent Developments
- 7.4. Huawei Technulogies Co., Ltd.
- 7.4.1. Overview
- 7.4.2. Financials
- 7.4.3. Technology Portfolio
- 7.4.4. Business Strategy
- 7.4.5. Recent Developments
- 7.5. Microsoft Corporation
- 7.5.1. Overview
- 7.5.2. Financials
- 7.5.3. Technology Portfolio
- 7.5.4. Business Strategy
- 7.5.5. Recent Development
- 7.6. Zoom Video Communications, Inc.
- 7.6.1. Overview
- 7.6.2. Financials
- 7.6.3. Technology Portfolio
- 7.6.4. Business Strategy
- 7.6.5. Recent Development
- 7.7. Logitech International S.A.
- 7.7.1. Overview
- 7.7.2. Financials
- 7.7.3. Technology Portfolio
- 7.7.4. Business Strategy
- 7.7.5. Recent Development
- 7.1. Avaya, Inc.
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Video Conferencing Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Video Conferencing Market attractiveness, By Component
6. Global Video Conferencing Market Share by Component,2019 and 2026 (USD Billion)
7. Global Video Conferencing Market by Hardware,2016–2026 (USD Billion)
8. Global Video Conferencing Market by Services ,2016–2026 (USD Billion)
9. Global Video Conferencing Market by Software,2016–2026 (USD Billion)
10. Global Video Conferencing Market Share by Application,2019 and 2026 (USD Billion)
11. Global Video Conferencing Market by Corporate Communication,2016–2026 (USD Billion)
12. Global Video Conferencing Market by Training & Development ,2016–2026 (USD Billion)
13. Global Video Conferencing Market by Marketing & Client Engagement,2016–2026 (USD Billion)
14. Global Video Conferencing Market share, by Region, 2019 and 2026
15. North America Video Conferencing Market, 2016–2026 (USD Billion)
16. Europe Video Conferencing Market, 2016–2026 (USD Billion)
17. Asia Pacific Video Conferencing Market, 2016–2026 (USD Billion)
18. Latin America Video Conferencing Market, 2016–2026 (USD Billion)
19. The Middle East and Africa Video Conferencing Market, 2016–2026 (USD Billion)
Table Of Tables
List of Tables
1. Global Video Conferencing Market: snapshot
2. Drivers of the Video Conferencing Market: impact analysis
3. North America Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
4. North America Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
5. The U.S. Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
6. The U.S. Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
7. Rest of North America Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
8. Rest of North America Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
9. Europe Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
10. Europe Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
11. UK Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
12. UK Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
13. France Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
14. France Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
15. Germany Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
16. Germany Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
17. Rest of Europe Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
18. Rest of Europe Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
19. Asia Pacific Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
20. Asia Pacific Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
21. China Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
22. China Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
23. Japan Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
24. Japan Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
25. India Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
26. India Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
27. Rest of Asia Pacific Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
28. Rest of Asia Pacific Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
29. Latin America Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
30. Latin America Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
31. Brazil Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
32. Brazil Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
33. Rest of Latin America Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
34. Rest of Latin America Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
35. The Middle East and Africa Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
36. The Middle East and Africa Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
37. Saudi Arabia Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
38. Saudi Arabia Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
39. South Africa Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
40. South Africa Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa Video Conferencing Market revenue, By Component, 2016–2026 (USD Billion)
42. Rest of the Middle East & Africa Video Conferencing Market revenue, By Application, 2016–2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Escalating trend of using cloud video communication services like Skype, Google Meet, and Zoom is anticipated to steer the expansion of video conferring industry over forecast timeline. In addition to this, large-scale use of video conferencing in government, telecom & IT, healthcare, and education is projected to assist video conferencing market ascend greater heights of growth in the forthcoming years. In addition to this, swift globalization and rise in the outsourcing activities is anticipated to provide huge growth potential for video conferencing industry over 2024-2032. Apparently, thriving telemedicine and medical transcription sector will further contribute towards overall market size in the near future. Onset of new technologies such as AI and IoT as well as technological breakthroughs are likely to bring a drastic transformation in video conferencing activities and will have lasting positive impact on video conferencing business over the years to come.
Furthermore, humungous need for proficient enterprise communication along with large-scale allocation of funds by organizations for installation effective tools of communications will drive the market demand. Apart from this, necessity for real-time communications, requirement for carrying out business transactions at a rapid pace, and having effective modes of communications will prompt business trends.
According to a report from Zion Market Research, the global Video Conferencing Market was valued at USD 10.28 Billion in 2023 and is projected to hit USD 24.94 Billion by 2032, with a compound annual growth rate (CAGR) of 9.3% during the forecast period 2024-2032.
North America is likely to make noteworthy contributions towards overall market revenue during 2024-2032. The growth of the industry in the sub-continent over the estimated timespan is attributed to acceptance of new technologies in the sub-continent coupled with presence of giant players in the region. In addition to this, rise in demand for cloud-based solutions along with easy access to high internet bandwidth will proliferate the growth of video conferencing industry in North America over the prognostic period. Apparently, presence of strong 4G network infrastructure in the countries such as the U.S. and Canada and availability of seamless internet facility in the region will steer video conferencing market size in North America.
The key players profiled in the report include are Avaya, Inc., Polycom, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Microsoft Corporation, Zoom Video Communications, Inc., and Logitech International S.A.
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