Market Overview:
The global conference system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for conferencing systems in the government, enterprise, and other applications. The wireless segment is expected to grow at a higher CAGR than the wired segment during the forecast period. North America dominates the global conference system market and is followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
A conference system is a type of telecommunications system that allows two or more people to communicate with each other simultaneously. Conference systems are typically used in business settings, and can be used for a variety of purposes, including holding meetings, making presentations, and conducting training sessions. The importance of conference systems lies in their ability to allow multiple people to communicate with each other simultaneously, which can improve productivity and efficiency.
Wireless:
Wireless is a technology that uses radio waves or wireless telecommunication to transmit voice, music, data and video. The Wireless Conference System allows the participants to communicate with each other from any location using hand held devices such as PDA's and mobile phones. It provides high-quality audio & video signals which are free of wires.
Wired:
Wired is a technology used in the telecommunication and data transmission. It helps to establish an electrical connection between devices which are far apart. The most common example of wired system is Ethernet cable which is used in local area networks or LANs.
The major application areas for wired systems include telecommunication, computer network, Local Area Networks (LAN), and Wide Area Networks (WAN).
Application Insights:
The enterprise application segment accounted for the largest revenue share of over 60% in 2017. The growing demand for conference system in the enterprise is attributed to the need of managing complex work environments and increasing number of employees. Furthermore, an increase in mergers & acquisitions activities, joint ventures and other partnerships among companies are expected to drive the demand over next few years.
Conference systems are used by enterprises as they offer features such as audio/video connectivity across devices, remote access to participants' screens, real-time transcriptions and recording capabilities that enhance communication within organizations thus driving its adoption among enterprises. Moreover, a rise in digital transformation initiatives is anticipated to fuel demand from 2018 to 2030. The government application segment is expected register a notable CAGR during forecast period owing to various factors such as increasing investments by governments on improving public infrastructure thus driving conference system installations at public institutions like schools & colleges or government offices which include local authorities or state governments (UAE).
Regional Analysis:
North America dominated the global conference system market in 2017. North America is home to some of the largest technology companies such as Cisco Systems, Inc., Hewlett Packard Enterprise, and Microsoft Corporation. These companies are actively investing in R&D for developing innovative technologies that can be integrated with conferencing systems to create a better experience for attendees. Moreover, these companies are focusing on deploying next-generation wireless technologies that provide high-quality sound and crystal clear video throughout the auditorium so that participants don’t have any difficulty hearing or seeing anything during presentations. This factor is also expected to drive regional growth over the forecast period.
Asia Pacific region is anticipated to grow at a significant rate over the forecast period owing to increasing demand from small & medium enterprises (SMEs).
Growth Factors:
- Increasing demand for effective communication and collaboration among businesses
- Growing number of small and medium-sized businesses (SMBs)
- Proliferation of cloud-based conference systems
- Rising need for cost-effective ways to connect with customers, partners, and employees globally
- Advances in technology that make conference systems more user friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Conference System Market Research Report
By Type
Wireless, Wired
By Application
Government, Enterprise, Other
By Companies
Sennheiser, Audio-Tehcnica, Shure, TOA, Beyerdynamic, Bosch, Televic, Taiden, Brahler, Audix, Sennheiser
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Conference System Market Report Segments:
The global Conference System market is segmented on the basis of:
Types
Wireless, Wired
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Enterprise, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sennheiser
- Audio-Tehcnica
- Shure
- TOA
- Beyerdynamic
- Bosch
- Televic
- Taiden
- Brahler
- Audix
- Sennheiser
Highlights of The Conference System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wireless
- Wired
- By Application:
- Government
- Enterprise
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Conference System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A conference system is a telecommunications technology that allows multiple users to communicate with each other over a network. Conference systems allow participants to join or leave calls at any time, and the system can automatically reconnect them when they return.
Some of the key players operating in the conference system market are Sennheiser, Audio-Tehcnica, Shure, TOA, Beyerdynamic, Bosch, Televic, Taiden, Brahler, Audix, Sennheiser.
The conference system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Conference System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Conference System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Conference System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Conference System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Conference System Market Size & Forecast, 2018-2028
4.5.1 Conference System Market Size and Y-o-Y Growth
4.5.2 Conference System Market Absolute $ Opportunity
Chapter 5 Global Conference System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Conference System Market Size Forecast by Type
5.2.1 Wireless
5.2.2 Wired
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Conference System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Conference System Market Size Forecast by Applications
6.2.1 Government
6.2.2 Enterprise
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Conference System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Conference System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Conference System Analysis and Forecast
9.1 Introduction
9.2 North America Conference System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Conference System Market Size Forecast by Type
9.6.1 Wireless
9.6.2 Wired
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Conference System Market Size Forecast by Applications
9.10.1 Government
9.10.2 Enterprise
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Conference System Analysis and Forecast
10.1 Introduction
10.2 Europe Conference System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Conference System Market Size Forecast by Type
10.6.1 Wireless
10.6.2 Wired
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Conference System Market Size Forecast by Applications
10.10.1 Government
10.10.2 Enterprise
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Conference System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Conference System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Conference System Market Size Forecast by Type
11.6.1 Wireless
11.6.2 Wired
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Conference System Market Size Forecast by Applications
11.10.1 Government
11.10.2 Enterprise
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Conference System Analysis and Forecast
12.1 Introduction
12.2 Latin America Conference System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Conference System Market Size Forecast by Type
12.6.1 Wireless
12.6.2 Wired
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Conference System Market Size Forecast by Applications
12.10.1 Government
12.10.2 Enterprise
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Conference System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Conference System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Conference System Market Size Forecast by Type
13.6.1 Wireless
13.6.2 Wired
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Conference System Market Size Forecast by Applications
13.10.1 Government
13.10.2 Enterprise
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Conference System Market: Competitive Dashboard
14.2 Global Conference System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sennheiser
14.3.2 Audio-Tehcnica
14.3.3 Shure
14.3.4 TOA
14.3.5 Beyerdynamic
14.3.6 Bosch
14.3.7 Televic
14.3.8 Taiden
14.3.9 Brahler
14.3.10 Audix
14.3.11 Sennheiser
