Videoconferencing - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Videoconferencing Market is accounted for $3.71 billion in 2018 and is expected to reach $9.65 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Increasing high-speed communication infrastructure, high demand for improved productivity among enterprises and rising adoption of video conferencing solutions by MNCs to support global operations are the major factors propelling the market growth. However, factors such as high acquisition along with integration costs, data security and privacy concerns are hampering the market growth.
Video conferencing is a way of setting up visual meetings by utilizing telecommunication and networking developments. It consists a real-time and two-way transmission of sound and video content. This communication technique benefits organizations in making an improved choice and furthermore reduces commercial travel time and allied expenses. This technique helps to decrease management and operational costs, consequently improving productivity. Video conferencing solutions contains a lot of hardware and software components that help to transmit and receive audio and video graphics.
Based on the component, the service segment is having a lucrative growth during the forecast period as these services have empowered small-scale and medium-scale corporations to rapidly increase their geographical operations by starting a centralized communication platform with better capabilities for qualify interaction between teams located in various places across cities and countries. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to strong presence of business and knowledge process outsourcing companies and increasing number of technology and service-based start-ups in India and China.
Some of the key players profiled in the Videoconferencing Market include West Corporation, Vidyo, Inc., Polycom Inc., Microsoft Corporation, Logitech International S.A., Huawei Technologies Co., Ltd., Cisco Systems, Inc., Avaya Inc., Array Telepresence Inc. and Adobe Systems Inc.
Enterprises Sizes Covered:
• Small and Medium Enterprises
• Large Enterprises
• Small Room
• Middle Rooms
• Large Rooms
• Huddle Rooms
End Users Covered:
• Travel and Hospitality
• Telecom and IT (Information Technology)
• Public Sector and Utilities
• Oil & Gas
• Media & Entertainment
• Consumer Goods and Retail
• Banking, Financial Service and Insurance
• Aerospace and Defence
• Advertising and Marketing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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