Market Overview:
The global video conference service market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for video conferencing services due to the rising need for collaboration and communication among businesses across different geographies. Additionally, the growing trend of BYOD (Bring Your Own Device) is also contributing significantly towards the growth of this market. On-premise video conference service accounted for a major share of the global video conference service market in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its low cost as compared to cloud-based services and better security features offered by on-premise solutions. However, cloud-based services are witnessing high adoption rates owing to their easy scalability, lower TCO (Total Cost of Ownership), and faster deployment times as compared to on-premise solutions. The application segment for video conferencing includes corporate meetings, training & education, customer support & sales, telemedicine/telehealthcare, and others (government/defense). Corporate meetings held between employees located in different geographical locations are one of the key applications driving demand for video conferencing services globally.
Product Definition:
A video conference (VC) service is a type of online meeting that allows two or more people to see and hear each other simultaneously via webcam and microphone. It can be used for both personal and business purposes, making it a great way to stay in touch with family and friends, or hold important meetings without having to travel.
On-premise:
On-premise is a term used to define software and services that are installed and operated from the original media or hardware. In other words, it's an installation of the solution on the end user's computers which can be owned by an individual or corporate entity. The end-users will have full control over system & data as there won’t be any access to cloud based solutions.
Cloud Based:
Cloud-based solutions are hosted on the vendor’s server and can be accessed by multiple users from different locations. It offers high security to the data as it is stored in a remote location which cannot be penetrated or stolen due to physical access to the system. The solution is cost effective as there is no need for additional hardware such as camera, mic, monitor etc., required for video conferencing service; all that's needed is an internet connection and compatible software/application.
Application Insights:
The video conference application segment dominated the global market in 2017. This can be attributed to the increasing use of video conferencing applications for business communication, sales force collaboration, training and marketing activities across various industries such as BFSI, IT and telecom among others. Furthermore, companies are investing significantly in developing advanced video conferencing solutions that enable organizations to offer their customers a highly personalized experience while conducting meetings or presentations over the internet.
Audio conference service is expected to grow at a significant rate over the forecast period owing to its rising adoption by small and large businesses for audio conferencing purposes. The need for efficient communication solutions that allow employees from different locations ( offices )to meet regularly is driving demand for audio conferences services globally.
Regional Analysis:
North America dominated the global video conference service market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to high usage of internet-enabled smartphones, increasing adoption of cloud services and rising demand for real-time collaboration across large enterprises and organizations in North America. Moreover, presence of major technology players such as Cisco Systems, Inc.; Google LLC; Microsoft Corporation; Hewlett Packard Enterprise Development LP; Polycom Inc.; Logitech International SA will continue to foster growth prospects for this market over the next seven years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing number of small & medium enterprises (SMEs).
Growth Factors:
- Increasing demand for video conferencing from small and medium businesses (SMBs) due to the advantages of cost savings, efficiency, and scalability.
- The increasing demand for cloud-based video conferencing services as they offer more flexibility, scalability, and security than on-premises solutions.
- The growing popularity of Bring Your Own Device (BYOD) policies in organizations that is leading to an increase in the number of users who want to use their own devices for video conferencing purposes.
- Rapid advancements in video conference technology that are making it easier and more affordable for businesses to deploy high-quality video conferencing solutions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Video Conference Service Market Research Report
By Type
On-premise, Cloud Based
By Application
Video, Audio, Screen Sharing, Other
By Companies
Microsoft, Zoom, Cisco Webex, LogMeIn, 8x8, AT&T, AVer, BlueJeans, Cenero, Huawei, Kinly, Lifesize, Logitech, Meetupcall, Plantronics
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Video Conference Service Market Report Segments:
The global Video Conference Service market is segmented on the basis of:
Types
On-premise, Cloud Based
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
Video, Audio, Screen Sharing, 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:
- Microsoft
- Zoom
- Cisco Webex
- LogMeIn
- 8x8
- AT&T
- AVer
- BlueJeans
- Cenero
- Huawei
- Kinly
- Lifesize
- Logitech
- Meetupcall
- Plantronics
Highlights of The Video Conference Service 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:
- On-premise
- Cloud Based
- By Application:
- Video
- Audio
- Screen Sharing
- 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 Video Conference Service 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Video conference service is a telecommunications service that enables two or more people to conduct a video conversation over the Internet.
Some of the major players in the video conference service market are Microsoft, Zoom, Cisco Webex, LogMeIn, 8x8, AT&T, AVer, BlueJeans, Cenero, Huawei, Kinly, Lifesize, Logitech, Meetupcall, Plantronics.
The video conference service market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Video Conference Service 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 Video Conference Service Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Video Conference Service 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 Video Conference Service 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 Video Conference Service Market Size & Forecast, 2018-2028 4.5.1 Video Conference Service Market Size and Y-o-Y Growth 4.5.2 Video Conference Service Market Absolute $ Opportunity
Chapter 5 Global Video Conference Service 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 Video Conference Service Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Video Conference Service 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 Video Conference Service Market Size Forecast by Applications
6.2.1 Video
6.2.2 Audio
6.2.3 Screen Sharing
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Video Conference Service 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 Video Conference Service 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 Video Conference Service Analysis and Forecast
9.1 Introduction
9.2 North America Video Conference Service 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 Video Conference Service Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud Based
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 Video Conference Service Market Size Forecast by Applications
9.10.1 Video
9.10.2 Audio
9.10.3 Screen Sharing
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 Video Conference Service Analysis and Forecast
10.1 Introduction
10.2 Europe Video Conference Service 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 Video Conference Service Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud Based
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 Video Conference Service Market Size Forecast by Applications
10.10.1 Video
10.10.2 Audio
10.10.3 Screen Sharing
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 Video Conference Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Video Conference Service 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 Video Conference Service Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud Based
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 Video Conference Service Market Size Forecast by Applications
11.10.1 Video
11.10.2 Audio
11.10.3 Screen Sharing
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 Video Conference Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Video Conference Service 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 Video Conference Service Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud Based
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 Video Conference Service Market Size Forecast by Applications
12.10.1 Video
12.10.2 Audio
12.10.3 Screen Sharing
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) Video Conference Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Video Conference Service 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) Video Conference Service Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud Based
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) Video Conference Service Market Size Forecast by Applications
13.10.1 Video
13.10.2 Audio
13.10.3 Screen Sharing
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 Video Conference Service Market: Competitive Dashboard
14.2 Global Video Conference Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 Zoom
14.3.3 Cisco Webex
14.3.4 LogMeIn
14.3.5 8x8
14.3.6 AT&T
14.3.7 AVer
14.3.8 BlueJeans
14.3.9 Cenero
14.3.10 Huawei
14.3.11 Kinly
14.3.12 Lifesize
14.3.13 Logitech
14.3.14 Meetupcall
14.3.15 Plantronics