Market Overview:
The global video conferencing systems market is expected to grow from USD 9.02 Billion in 2018 to USD 17.01 Billion by 2030, at a CAGR of 8.8% during the forecast period. The growth of the market can be attributed to the increasing demand for video conferencing systems from corporate enterprises and healthcare sector across the globe. On-premise video conferencing is expected to hold a larger share of the global video conferencing systems market during the forecast period, owing to its low cost and easy installation as compared to cloud-based video conferencing solutions.
Product Definition:
A video conferencing system is a type of telecommunication system that allows two or more users to see and hear each other simultaneously during a video conference call. Video conferencing systems are often used for business or educational purposes, as they allow participants to hold face-to-face meetings without having to travel.
On-Premise Video Conferencing:
On-premise video conferencing is a form of communication between two computers over an IP network. It's a one-to-one communication between the source and destination computer, which requires the user to plug in both ends of the connection cable.
Cloud-Based Video Conferencing:
Cloud-based video conferencing is a service that provides real-time communication between two geographically distant locations through the internet. It uses cloud technology to provide high bandwidth and low latency communications. The service allows users to communicate with ease irrespective of their geographic location as it happens to be one of the main features that makes it popular among enterprises and small businesses.
The system also helps organizations in reducing their telecom expenses by up to 70%.
Application Insights:
The corporate enterprise segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to factors such as increasing adoption of video conferencing solutions by large enterprises due to their need for collaboration, improved communication, and knowledge sharing among employees. Furthermore, growing demand for on-demand business meetings among small groups of participants also contribute towards significant market share.
Video conferencing has become an essential tool in various industries such as IT/Telecomms., Banking & Financial Services (BFSI), energy & utilities, manufacturing and media & entertainment where companies are collaborating from different locations across the globe. The global video conferencing systems market is poised to witness substantial growth during this decade owing to rising use cases across various industry verticals which include BFSI, IT/Telecomms., energy & utilities, manufacturing and media & entertainment where companies are collaborating from different locations across the globe.
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., Citrix Online LLC, and Microsoft Corporation. These companies are continuously investing in research and development activities to develop innovative solutions for video conferencing. Moreover, increasing demand for high-quality audio and video conferences coupled with rising adoption of cloud-based technologies is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments by governments in developing countries such as India and China along with other emerging economies such as Indonesia, Vietnam, Thailand among others which have a large customer base that requires cost effective & efficient solutions for corporate events or meetings etc.; hence driving demand across various industries resulting into increased adoption of global systems technology providers including Cisco Systems; Google LLC; IBM Corporation; Polycom Inc.
Growth Factors:
- Increasing demand for video conferencing systems from small and medium businesses (SMBs) due to the advantages of cost savings, efficiency, and productivity.
- The increasing trend of Bring Your Own Device (BYOD) in the workplace, which is driving the demand for video conferencing systems that can be used on a variety of devices.
- Rapid growth in cloud-based video conferencing services as organizations move away from on-premises solutions due to lower costs and easier deployment/management.
- Rising number of telecommuters and remote workers, who need access to high-quality video conferencing tools for effective communication and collaboration with colleagues located elsewhere in the world 5 Increased focus by large enterprises on improving employee productivity through better communication tools, which is resulting in increased adoption of video conferencing systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Video Conferencing Systems Market Research Report
By Type
On-Premise Video Conferencing, Cloud-Based Video Conferencing
By Application
Corporate Enterprise, Healthcare, Government and Defense, Education, Other
By Companies
Cisco Systems, Microsoft Corporation, Blackberry, Adobe Systems, Avaya, Huawei Technologies, Lifesize Communications, Intercall (West Corporation), ZTE Corporation, Kedacom, Polycom, Zoom, Ericsson LG, BlueJeans, Vidyo, Arkadin, NEC, Google, LogMein, PGi, Fuze, Blackboard
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Video Conferencing Systems Market Report Segments:
The global Video Conferencing Systems market is segmented on the basis of:
Types
On-Premise Video Conferencing, Cloud-Based Video Conferencing
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
Corporate Enterprise, Healthcare, Government and Defense, Education, 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:
- Cisco Systems
- Microsoft Corporation
- Blackberry
- Adobe Systems
- Avaya
- Huawei Technologies
- Lifesize Communications
- Intercall (West Corporation)
- ZTE Corporation
- Kedacom
- Polycom
- Zoom
- Ericsson LG
- BlueJeans
- Vidyo
- Arkadin
- NEC
- Google
- LogMein
- PGi
- Fuze
- Blackboard
Highlights of The Video Conferencing Systems 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 Video Conferencing
- Cloud-Based Video Conferencing
- By Application:
- Corporate Enterprise
- Healthcare
- Government and Defense
- Education
- 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 Systems 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:
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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?
Video conferencing systems are a type of telecommunications equipment that allow people to communicate with each other over the Internet or another communications network. They can be used for a variety of purposes, such as meeting face-to-face, conducting video teleconferences, and sharing documents and files.
Some of the major companies in the video conferencing systems market are Cisco Systems, Microsoft Corporation, Blackberry, Adobe Systems, Avaya, Huawei Technologies, Lifesize Communications, Intercall (West Corporation), ZTE Corporation, Kedacom, Polycom, Zoom, Ericsson LG, BlueJeans, Vidyo, Arkadin, NEC, Google, LogMein, PGi, Fuze, Blackboard.
The video conferencing systems market is expected to grow at a compound annual growth rate of 8.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Video Conferencing Systems 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 Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Video Conferencing Systems 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 Systems 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 Systems Market Size & Forecast, 2020-2028
4.5.1 Video Conferencing Systems Market Size and Y-o-Y Growth
4.5.2 Video Conferencing Systems 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 On-Premise Video Conferencing
5.2.2 Cloud-Based Video Conferencing
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 Corporate Enterprise
6.2.2 Healthcare
6.2.3 Government and Defense
6.2.4 Education
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Video Conferencing Systems 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 Systems 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 On-Premise Video Conferencing
9.6.2 Cloud-Based Video Conferencing
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 Corporate Enterprise
9.10.2 Healthcare
9.10.3 Government and Defense
9.10.4 Education
9.10.5 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 On-Premise Video Conferencing
10.6.2 Cloud-Based Video Conferencing
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 Corporate Enterprise
10.10.2 Healthcare
10.10.3 Government and Defense
10.10.4 Education
10.10.5 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 On-Premise Video Conferencing
11.6.2 Cloud-Based Video Conferencing
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 Corporate Enterprise
11.10.2 Healthcare
11.10.3 Government and Defense
11.10.4 Education
11.10.5 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 On-Premise Video Conferencing
12.6.2 Cloud-Based Video Conferencing
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 Corporate Enterprise
12.10.2 Healthcare
12.10.3 Government and Defense
12.10.4 Education
12.10.5 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 On-Premise Video Conferencing
13.6.2 Cloud-Based Video Conferencing
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 Corporate Enterprise
13.10.2 Healthcare
13.10.3 Government and Defense
13.10.4 Education
13.10.5 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 Systems Market: Competitive Dashboard
14.2 Global Video Conferencing Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 Microsoft Corporation
14.3.3 Blackberry
14.3.4 Adobe Systems
14.3.5 Avaya
14.3.6 Huawei Technologies
14.3.7 Lifesize Communications
14.3.8 Intercall (West Corporation)
14.3.9 ZTE Corporation
14.3.10 Kedacom
14.3.11 Polycom
14.3.12 Zoom
14.3.13 Ericsson LG
14.3.14 BlueJeans
14.3.15 Vidyo
14.3.16 Arkadin
14.3.17 NEC
14.3.18 Google
14.3.19 LogMein
14.3.20 PGi
14.3.21 Fuze
14.3.22 Blackboard
