Market Overview:
The global speakerphone for conference market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for portable and stationary speakerphones for conference applications in enterprises, universities, hotels, and other sectors. North America is expected to lead the global speakerphone for conference market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A speakerphone is a telephone set with a loudspeaker, which is used to amplify the sound of the caller's voice. Speakerphones are often used in conference calls, so all participants can hear each other.
Portable:
The global portable speakerphone for conference market size was valued at USD 6.5 billion in 2015 and is expected to witness a significant growth owing to the increasing adoption of these devices among small-scale enterprises, particularly in emerging economies such as China and India. The growing demand for wireless products across different industry verticals has also contributed significantly towards the industry growth over the past few years.
Stationary:
Stationary is used in speakerphone for conference to connect multiple extension phones to a central office. It is also known as switchboard or PBX. The stationary provides features such as call forwarding, speed dialing, rotary and touch-tone numbers, conferencing and much more.
The market size for stationary and it's usage in speakerphone for conference is valued at USD 6 billion+.
Application Insights:
The enterprise application segment dominated the global speakerphone for conference market, accounting for over 60% share of the total revenue in 2017. The growing demand from enterprises to provide enhanced communication experience to their customers is driving the demand. Furthermore, increasing number of business meetings and conferences being held across various industries is further propelling the growth. Various companies are focusing on providing high-quality audio experience to their customers by equipping conference rooms with state-of-the-art technology such as surround sound systems and smart speakers that can play music throughout a meeting without disturbing others. This has led to an increase in spending on advanced technologies that deliver crystal clear sound and eliminate background noise while ensuring privacy during discussions or meetings at work places or at client sites.
The University application segment accounted for more than 20% share of total revenue in 2017 owing to rising use of these devices by students studying abroad who require assistance from teachers or lecturers during classes, tutorials, exams etc.
Regional Analysis:
North America dominated the global conference speakerphone market in 2017. The region is expected to maintain its dominance over the forecast period. This growth can be attributed to increasing number of meetings, conferences and events coupled with growing adoption of technology in business operations. In addition, presence of major players such as Plantronics and Logitech is also contributing towards market growth in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing number of small & medium enterprises (SMEs) operating across various sectors such as IT, telecom, BFSI etc.
Growth Factors:
- Increased demand for conference calling as a way to save time and money while collaborating with colleagues or clients.
- More widespread adoption of speakerphone technology by businesses due to the cost savings and improved audio quality over traditional phone lines.
- Advances in speakerphone technology that make it easier to use and provide better sound quality, such as automatic volume adjustment and noise cancellation features.
- The increasing popularity of video conferencing, which can be enhanced through the use of a speakerphone for conference calls.
- Greater awareness of the benefits of using a speakerphone for conferences, thanks to marketing efforts by manufacturers and distributors
Scope Of The Report
Report Attributes
Report Details
Report Title
Speakerphone for Conference Market Research Report
By Type
Portable, Stationary
By Application
Enterprise, University, Hotel, Other
By Companies
Jabra, Poly, Yealink, Sennheiser, Konftel, Logitech, Panasonic, Shure, Beyerdynamic
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Speakerphone for Conference Market Report Segments:
The global Speakerphone for Conference market is segmented on the basis of:
Types
Portable, Stationary
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
Enterprise, University, Hotel, 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:
- Jabra
- Poly
- Yealink
- Sennheiser
- Konftel
- Logitech
- Panasonic
- Shure
- Beyerdynamic
Highlights of The Speakerphone for Conference 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:
- Portable
- Stationary
- By Application:
- Enterprise
- University
- Hotel
- 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 Speakerphone for Conference 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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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 speakerphone is a phone feature that allows people in a conference call to hear each other clearly.
Some of the major companies in the speakerphone for conference market are Jabra, Poly, Yealink, Sennheiser, Konftel, Logitech, Panasonic, Shure, Beyerdynamic.
The speakerphone for conference market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Speakerphone for Conference 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 Speakerphone for Conference Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Speakerphone for Conference 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 Speakerphone for Conference 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 Speakerphone for Conference Market Size & Forecast, 2018-2028 4.5.1 Speakerphone for Conference Market Size and Y-o-Y Growth 4.5.2 Speakerphone for Conference Market Absolute $ Opportunity
Chapter 5 Global Speakerphone for Conference 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 Speakerphone for Conference Market Size Forecast by Type
5.2.1 Portable
5.2.2 Stationary
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Speakerphone for Conference 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 Speakerphone for Conference Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 University
6.2.3 Hotel
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Speakerphone for Conference 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 Speakerphone for Conference 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 Speakerphone for Conference Analysis and Forecast
9.1 Introduction
9.2 North America Speakerphone for Conference 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 Speakerphone for Conference Market Size Forecast by Type
9.6.1 Portable
9.6.2 Stationary
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 Speakerphone for Conference Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 University
9.10.3 Hotel
9.10.4 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 Speakerphone for Conference Analysis and Forecast
10.1 Introduction
10.2 Europe Speakerphone for Conference 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 Speakerphone for Conference Market Size Forecast by Type
10.6.1 Portable
10.6.2 Stationary
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 Speakerphone for Conference Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 University
10.10.3 Hotel
10.10.4 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 Speakerphone for Conference Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Speakerphone for Conference 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 Speakerphone for Conference Market Size Forecast by Type
11.6.1 Portable
11.6.2 Stationary
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 Speakerphone for Conference Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 University
11.10.3 Hotel
11.10.4 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 Speakerphone for Conference Analysis and Forecast
12.1 Introduction
12.2 Latin America Speakerphone for Conference 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 Speakerphone for Conference Market Size Forecast by Type
12.6.1 Portable
12.6.2 Stationary
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 Speakerphone for Conference Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 University
12.10.3 Hotel
12.10.4 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) Speakerphone for Conference Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Speakerphone for Conference 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) Speakerphone for Conference Market Size Forecast by Type
13.6.1 Portable
13.6.2 Stationary
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) Speakerphone for Conference Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 University
13.10.3 Hotel
13.10.4 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 Speakerphone for Conference Market: Competitive Dashboard
14.2 Global Speakerphone for Conference Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jabra
14.3.2 Poly
14.3.3 Yealink
14.3.4 Sennheiser
14.3.5 Konftel
14.3.6 Logitech
14.3.7 Panasonic
14.3.8 Shure
14.3.9 Beyerdynamic