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Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End-User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media) - Global Forecast to 2028

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    Report

  • 214 Pages
  • January 2022
  • Region: Global
  • Meticulous Market Research Pvt. Ltd.
  • ID: 5516215
Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End-User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media) - Global Forecast to 2028

The research report titled, “Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End-User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media) - Global Forecast to 2028” provides an in-depth analysis of the video conferencing market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2028. The Video Conferencing Market is expected to register a CAGR of 15.5% from 2021 to 2028 and reach USD 24.4 billion by 2028.

The growth of the video conferencing market is primarily driven by factors such as the emerging work from home culture and growing demand for high-speed video communication products. Video conferencing boosts productivity, saves time, reduces travel expenses, and overall promotes collaboration. The advantage of video conferencing is facilitating all of those benefits without requiring constant travel for face-to-face communication. However, less personal contact and understanding, network instability and time lag, technical issues and employee training, and more stress and less organization are some of the factors restraining the growth of this market to a certain extent.

The study offers a comprehensive analysis of the video conferencing market based on technology, component, deployment mode, organization size, end user, and geography.

The video conferencing market is segmented by technology ((VaaS, USB video conferencing, room-based codec system)), component (solutions and services), deployment mode (cloud and on-premise), organization size (SMEs and large enterprises), end user (education, healthcare, government, defense & public sector, BFSI, media & entertainment, legal & law profession, manufacturing, oil, gas & energy, and IT & communication), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.

Based on technology, the USB video conferencing segment is estimated to capture the largest share of the video conferencing market in 2021. USB devices provide highly defined video up to and including in 4K. USB video conferencing provides organizations with the unique ability to cost-effectively meet these new needs and wants of employees. USB cameras play an essential role in providing the high-quality video needed. On the other hand, the VaaS segment is expected to witness the highest CAGR during the forecast period.

Based on component, the solutions segment is estimated to account for the largest share of the video conferencing market in 2021. This segment consists of hardware endpoints and software required for video conferencing. The growth in the adoption of room conferencing meetings during the lockdown has positively impacted the demand for multi-codec and single-codec endpoints, such as cameras, phones, and mics. In addition, the growing adoption of cloud-based software, such as Zoom, Teams, WebEx, and Meet with the daily increase in their subscriptions is expected to drive the growth of this segment.

Based on deployment mode, the on-premise segment is estimated to account for the largest share of the video conferencing market in 2021, due to the factors such as greater control over the company’s private data, which is of high concern for government and financial institutions. With no need to pass anything onto third parties, it provides unencumbered data security. On-premise servers are powerful and allow for more simultaneous users at any one time. For businesses used to giving webinars or events with a potentially limitless number of participants, cloud-based models restrict your audience far more than on-premise conferencing. These benefits are expected to drive the growth of this segment.

Based on organization size, the SMEs segment is estimated to account for the largest market share in 2021. SMEs have widely adopted easy subscription modules and pay-per-use. Small businesses must have a preferred video conferencing tool to communicate with their teams, clients, and vendors. The growing adoption of cloud-based video conferencing apps and remote working due to the pandemic has boosted the demand from SMEs. With a video conferencing tool, small businesses can easily update team members on the status of a task or project and accomplish goals faster due to seamless video communication.

Based on end user, in 2021, the IT & communication segment is estimated to account for the largest share of the market, due to home rules during the pandemic and global lockdown. However, the education segment is expected to grow at the highest CAGR during the forecast period. The growing number of online education platforms, virtual classes from universities, and the lockdown of primary schools are expected to drive the demand from the education segment.

Based on geography, North America is estimated to account for the largest share of the video conferencing market in 2021. However, the Asia-Pacific region is estimated to register the fastest CAGR during the forecast period. The growing number of SMEs in economies such as China, India, South Korea, Singapore, and Japan are driving the adoption of video conferencing.

The key video conferencing software players operating in the market are Zoom Video Communication, Inc. (U.S.), MS Teams (U.S.), Cisco (U.S.), Blue Jeans Network Inc. (Verizon) (U.S.), LogMeIn, Inc. (U.S.), Alphabet Inc. (U.S.), ON24, Inc. (U.S.), Dialpad, Inc. (U.S.), Zoho Corporation Pvt. Ltd. (India), TeamViewer AG (Germany), Adobe (U.S.), Blackboard Inc. (U.S.), Atos SE (Germany), Jio Platforms Limited. (India), and Vidyo, Inc. (U.S.).

The key players offering hardware in the market are Poly, Inc. (U.S.), Logitech (Switzerland), Huawei Investment & Holding Co., Ltd. (China), ZTE (China), Avaya Inc. (U.S.), Lifesize (U.S.), KEDACOM (China), Yealink Inc. (China), Sony Group Corporation (Japan), and Tely (U.S.), among others.

Key Questions Answered in the Report-

  • Which are the high-growth market segments in terms of technology, component, end user, and geography?
  • What was the historical market size for the global video conferencing market?
  • What are the market forecasts and estimates for 2021-2028?
  • What are the major drivers, restraints, and opportunities in the global video conferencing market?
  • Who are the major players in the global video conferencing market?
  • How is the competitive landscape?
  • What are the recent developments in the global video conferencing market?
  • What are the various strategies adopted by the major players in the global video conferencing market?
  • What are the geographical trends, and which are the high-growth countries?
  • Who are the local emerging players in the global video conferencing market, and how do they compete with the other players?

Scope of the Report:


Video Conferencing Market, by Technology

  • VaaS
  • USB Video Conferencing
  • Room-based Codec Systems

Video Conferencing Market, by Component

  • Solutions
  • Hardware
  • Multi-Codec Endpoints
  • Single Codec Endpoints
  • Executive Desktop Endpoints
  • Software
  • Services

Video Conferencing Market, by Deployment Mode

  • Cloud Deployment
  • On-premise Deployment

Video Conferencing Market, by Organization Size

  • SMEs
  • Large Enterprises

Video Conferencing Market, by End User

  • Education
  • Healthcare
  • Government, Defense & Public Sector
  • BFSI
  • Media & Entertainment
  • Legal & Law Profession
  • Manufacturing
  • Oil, Gas & Energy
  • IT & Communication

Video Conferencing Market, by Geography:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Table of Contents

1. Introduction
1.1. Currency and Limitations
1.1.1. Currency
1.1.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the studies
3. Executive Summary
3.1. Market Analysis, by Technology
3.2. Market Analysis, by Component
3.3. Market Analysis, by Deployment Mode
3.4. Market Analysis, by Organization Size
3.5. Market Analysis, by End User
3.6. Market Analysis, by Geography
3.7. Competitive Analysis
4. Impact of Covid-19 On the Video Conferencing Market
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Emerging Work from Home Culture
5.2.1.2. Significant Reduction Capex and Opex
5.2.2. Restraints
5.2.2.1. Lower Internet Speed
5.2.2.2. Intense Competition Between Video Calling Apps
5.2.3. Opportunities
5.2.3.1. Incorporation of AR/VR Technology
5.2.3.2. AI, NLP & Computer Vision for Smarter Video Conferencing
5.2.4. Challenges
5.2.4.1. Privacy Issues and Online Hacking
5.2.4.2. Technical Issues Such as Audio/Video Quality
5.3. Case Studies
5.3.1. Case Study - 1
5.3.2. Case Study - 2
5.3.3. Case Study - 3
5.4. Video Conferencing Market Analysis
5.4.1. Pricing Models
5.4.2. Subscription Trends
5.4.3. Porter’s Analysis
5.4.4. Adoption Trends
5.4.5. Technology Evolution & Landscape
6. Global Video Conferencing Market, by Technology
6.1. Introduction
6.2. Video-As-A-Service
6.3. USB Video Conferencing
6.4. Room-Based Codec System
7. Global Video Conferencing Market, by Component
7.1. Introduction
7.2. Solutions
7.2.1. Software
7.2.2. Hardware
7.2.2.1. Single Codec Endpoint Hardware
7.2.2.2. Executive Desktop Hardware
7.2.2.3. Multi-Codec Endpoint Hardware
7.3. Services
8. Global Video Conferencing Market, by Deployment Mode
8.1. Introduction
8.2. Cloud Deployment
8.3. On-Premise Deployment
9. Global Video Conferencing Market, by Organization Size
9.1. Introduction
9.2. Small & Medium-Sized Enterprises (SMEs)
9.3. Large Enterprises
10. Global Video Conferencing Market, by End User
10.1. Introduction
10.2. IT & Telecommunication
10.3. Healthcare
10.4. BFSI
10.5. Education
10.6. Government, Defense, and Public Sectors
10.7. Media & Entertainment
10.8. Law & Legal
10.9. Manufacturing
10.10. Oil, Gas, and Energy
11. Video Conferencing Market, by Geography
11.1. Introduction
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.3. Europe
11.3.1. U.K.
11.3.2. Germany
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Rest of Europe
11.4. Asia-Pacific
11.4.1. India
11.4.2. China
11.4.3. South Korea
11.4.4. Japan
11.4.5. Rest of Asia-Pacific
11.5. Latin America
11.6. Middle East and Africa
12. Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.2.1. Market Differentiators
12.2.2. Synergy Analysis: Major Deals & Strategic Alliances
12.3. Competitive Dashboard
12.3.1. Industry Leaders
12.3.2. Market Differentiator
12.3.3. Vanguards
12.3.4. Contemporary Stalwarts
12.4. Vendor Market Positioning
12.5. Market Share Analysis
13. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
13.1. Zoom Video Communication, Inc.
13.2. Microsoft Corporation
13.3. Cisco Systems, Inc.
13.4. BlueJeans Network, Inc. (Verizon)
13.5. LogMeIn, Inc.
13.6. Alphabet Inc.
13.7. On24, Inc.
13.8. Dialpad, Inc.
13.9. TeamViewer AG
13.10. Adobe, Inc.
13.11. Blackboard, Inc.
13.12. Vidyo, Inc. (Enghouse Systems Limited)
13.13. Plantronics, Inc.
13.14. Logitech, Inc.
13.15. Huawei Investment & Holding Co., Ltd.
13.16. ZTE
13.17. Lifesize
13.18. KEDACOM
13.19. Yealink, Inc.
13.20. Tely
14. Appendix
14.1. Questionnaire
14.2. Available Customization

Companies Mentioned

  • Zoom Video Communication Inc.
  • Microsoft Corporation
  • Cisco Systems Inc.
  • Blue Jeans Network Inc.
  • LogMeIn Inc.
  • Alphabet Inc.
  • ON24 Inc.
  • Dialpad Inc.
  • TeamViewer AG
  • Adobe
  • Blackboard Inc.
  • Vidyo Inc.
  • Plantronics Inc.
  • Logitech
  • Huawei Investment & Holding Co. Ltd.
  • ZTE
  • Lifesize
  • KEDACOM
  • Yealink Inc.
  • Tely .