Market Overview:
The global video conferencing services market is expected to grow from USD 9.02 billion in 2018 to USD 17.01 billion by 2030, at a CAGR of 7.5% during the forecast period. The growth of the market can be attributed to the increasing demand for video conferencing services due to its benefits such as reducing travel costs, improving communication and collaboration, and enhancing productivity. Moreover, the growing adoption of cloud-based video conferencing software is also contributing to the growth of the market.
Product Definition:
Video conferencing services are online tools that allow people to communicate with each other through live video feeds. This can be a great way for businesses to hold meetings with employees or clients who are located in different parts of the world. It can also be used for educational purposes, or for family and friends who are separated by distance.
Hardware (Camera, Codec, Microphone):
Hardware is the term used to define all the devices and components required to establish a connection between two or more computers over a network. The hardware includes camera, microphone, and codec. Camera: A camera is an essential component of video conferencing services as it provides visual representation of participants in the conference.
Software (On-premise and Cloud-based):
On-premise software is used to create, modify and deploy virtual channels. It uses hardware endpoints ( microphones, cameras & headsets) and other software for communication such as instant messaging or screen sharing. Software can be installed on computers available at customer premises or in data centers operated by service providers.
Application Insights:
The enterprise segment accounted for the largest revenue share in 2016 and is anticipated to maintain its dominance over the forecast period. The growing need for collaboration among enterprises to enhance their productivity is expected to drive demand over the next six years. Video conferencing has become an essential tool in business meetings, sales calls, training sessions, and product launches. Various companies are focusing on providing flexible video conferencing solutions that can be deployed quickly and at a low cost across large groups of users within an organization or company.
The school segment accounted for a significant market share in 2016 owing to increasing usage of video conferencing tools by schools as they offer flexibility in scheduling classes along with ease of access from remote locations.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of key players such as Cisco Systems, Inc., Google LLC, and Avaya Inc. Moreover, these companies are continuously investing in research & development activities to develop advanced products for video conferencing. For instance, in September 2018, Cisco Systems launched its latest innovation called Spark Engine that enables high-quality audio across devices while simultaneously reducing background noise and enhancing voice clarity during meetings. This product is an extension of Cisco Spark platform that offers superior quality HD audio over low bandwidth connections such as Skype or FaceTime calls on a smartphone using a cellular network connection.
Asia Pacific is expected to witness significant growth owing to increasing adoption of cloud-based services among enterprises for conducting business meetings across countries with poor internet connectivity scenario such as India.
Growth Factors:
- Increasing demand for video conferencing services from small and medium businesses (SMBs) due to the advantages of cost savings, efficiency, and productivity.
- The increasing trend of remote working is also fueling the demand for video conferencing services as it allows employees to connect with each other and collaborate easily from any location around the world.
- Rapid growth in cloud-based video conferencing services that offer easy deployment, scalability, and lower total cost of ownership (TCO) compared to on-premises solutions.
- Rising number of mergers & acquisitions (M&As) in the video conferencing market is helping vendors expand their product portfolios and strengthen their market positions.
- Growing use of videoconferences for training and education purposes as they provide a more engaging learning experience than traditional methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Video Conferencing Services Market Research Report
By Type
Hardware (Camera, Codec, Microphone), Software (On-premise and Cloud-based)
By Application
Enterprise, School, Government Unit, Other
By Companies
Avaya, Cisco, Microsoft, Polycom, ZTE, AnyMeeting, Arkadin, AT&T Connect Support, Blue Jeans Network, Bridgit, BT Conferencing, ClickMeeting
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Video Conferencing Services Market Report Segments:
The global Video Conferencing Services market is segmented on the basis of:
Types
Hardware (Camera, Codec, Microphone), Software (On-premise and 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
Enterprise, School, Government Unit, 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:
- Avaya
- Cisco
- Microsoft
- Polycom
- ZTE
- AnyMeeting
- Arkadin
- AT&T Connect Support
- Blue Jeans Network
- Bridgit
- BT Conferencing
- ClickMeeting
Highlights of The Video Conferencing Services 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:
- Hardware (Camera, Codec, Microphone)
- Software (On-premise and Cloud-based)
- By Application:
- Enterprise
- School
- Government Unit
- 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 Conferencing Services 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 conferencing services allow people to video chat with each other over the internet. This service can be used for a variety of purposes, such as meeting new friends, collaborating on a project, or communicating with family members who are away from home.
Some of the major players in the video conferencing services market are Avaya, Cisco, Microsoft, Polycom, ZTE, AnyMeeting, Arkadin, AT&T Connect Support, Blue Jeans Network, Bridgit, BT Conferencing, ClickMeeting.
The video conferencing services market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Video Conferencing Services 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 Conferencing Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Video Conferencing Services 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 Conferencing Services 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 Conferencing Services Market Size & Forecast, 2020-2028
4.5.1 Video Conferencing Services Market Size and Y-o-Y Growth
4.5.2 Video Conferencing Services Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hardware (Camera
5.2.2 Codec
5.2.3 Microphone)
5.2.4 Software (On-premise and Cloud-based)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 School
6.2.3 Government Unit
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Video Conferencing Services 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 Conferencing Services 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hardware (Camera
9.6.2 Codec
9.6.3 Microphone)
9.6.4 Software (On-premise and 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 Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 School
9.10.3 Government Unit
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hardware (Camera
10.6.2 Codec
10.6.3 Microphone)
10.6.4 Software (On-premise and 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 Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 School
10.10.3 Government Unit
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hardware (Camera
11.6.2 Codec
11.6.3 Microphone)
11.6.4 Software (On-premise and 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 Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 School
11.10.3 Government Unit
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hardware (Camera
12.6.2 Codec
12.6.3 Microphone)
12.6.4 Software (On-premise and 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 Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 School
12.10.3 Government Unit
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hardware (Camera
13.6.2 Codec
13.6.3 Microphone)
13.6.4 Software (On-premise and 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) Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 School
13.10.3 Government Unit
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 Conferencing Services Market: Competitive Dashboard
14.2 Global Video Conferencing Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avaya
14.3.2 Cisco
14.3.3 Microsoft
14.3.4 Polycom
14.3.5 ZTE
14.3.6 AnyMeeting
14.3.7 Arkadin
14.3.8 AT&T Connect Support
14.3.9 Blue Jeans Network
14.3.10 Bridgit
14.3.11 BT Conferencing
14.3.12 ClickMeeting
