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Video Conferencing Market Size, Share Global Analysis Report, 2020–2026
Video Conferencing Market By Component (Hardware (Camera, Microphone & Headphone, Others), Software, Services (Professional, Managed)), By Deployment (On-Premise, Cloud-Based), By Enterprise (Large Enterprise, Small and Medium Enterprises) and By End User (Corporate, Education, Healthcare, Government & Defense, BFSI, Media & Entertainment, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[225+ Pages Report] Global Video Conferencing Market in 2019 was approximately USD 4.8 Billion and is anticipated to reach over USD 9.2 Billion by 2026 and is expected to grow at a CAGR of 11.45% during the forecast period.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Video Conferencing industry. The report analyzes and declares the historical and current trends analysis of the Video Conferencing industry and subsequently recommends the projected trends anticipated to be observed in the Video Conferencing market during the upcoming years.
Key Insights from Primary Research
- Wide-ranging interviews with CXO’s of the major companies operating in the global video conferencing market, the analysis of the primary research concludes that the global video conferencing market to undergo an impressive growth of nearly 11.45% over the forecast period.
- In the year 2019, the market was valued at approximately USD 4.8 Billion, in 2019 and is expected to be valued over USD 9.2 Billion by 2026.
- On the basis of the component segmentation, the hardware segment is expected to dominate the global market share. SMEs are expected to create a major market pull in the coming years. The corporate sector is expected to generate significant revenue during the forecast period.
- Asia Pacific region is expected to be the fastest-growing region for video conferencing over the forecast period. The North America region is expected to generate maximum revenue throughout the studied period.?
Key Recommendations from Analysts
- Our analysts recommend increased focus towards the Asia Pacific region as it is expected to have a significant rise in demand for video conferencing solutions in the near future. The presence of rising economies and expanding IT, BFSI, and telecommunication sectors provide the immense potential for market growth in the region.
- The strategic developments such as acquisitions and mergers, collaborations, and regional expansion by the major companies are likely to provide greater market opportunities for the global video conferencing manufacturers in up-coming years.
- Our analysts recommend that the Asia Pacific region is predicted to witness a significant growth attributed to the growing demand for video conferencing from China, Japan, and India.
- North America and the European region are expected to remain significant sources of revenue during the studied period. Regional dominance in these regions is expected to provide additional capital capabilities for expansion beyond the borders.
Market Share Analysis by Region
The Video Conferencing market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Video Conferencing market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.
According to the research report, the global video conferencing market in 2019 was approximately USD 4.8Billion. The market is expected to grow above a CAGR of 11.45% and is anticipated to reach over USD 9.2 Billion by 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Video Conferencing industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Video Conferencing industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Video Conferencing market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Video Conferencing industry. The Video Conferencing market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Video Conferencing sector. Key strategic developments in the Video Conferencing market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Video Conferencing market are appropriately highlighted in the report.
The growing demand for video communication in line with the globalization of businesses is the primary driving factor for the global video conferencing market. Business units at a different location and workforce management are additional factors driving the demand for the video conferencing market.
The growing application of video conferencing in multiple aspects of corporates is expected to create future opportunities for the global video conferencing market.
The Video Conferencing market research report delivers an acute valuation and taxonomy of the Video Conferencing industry by practically splitting the market based on component, deployment type, enterprise, end-user and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Video Conferencing industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Video Conferencing industry is provided for the leading economies of the world.
The Video Conferencing market is segmented based on component, deployment type, enterprise, end-user and region. On the basis of component segmentation, the market is classified into hardware (camera, microphone & headphone, others), software, serivces (professional, managed).On the basis of deployment segmentation, the market is segregated into on-premise and cloud-based. On the basis of enterprise segmentation, the market is segmented into large enterprise and small &medium enterprises. On the basis of end-user segmentation, the market is bifurcated into corporate, education, healthcare, government & defense, BFSI, media & entertainment, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4.8 Billion |
Projected Market Size in 2026 |
USD 9.2 Billion |
CAGR Growth Rate |
11.45% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
8X8 Inc., Adobe Systems Inc., Arkadin, AT&T, Avaya Inc., BlueJeans Network, Cenero, Cisco Corporation, Citrix Systems Inc., Facebook, Fuze Inc., Google Inc., Highfive, Huawei Technologies Co. Ltd., KOLLECTIVE, Lifesize Inc., LogiTech, LogMeIn Inc., MediaPlatform, Microsoft Corporation, Panasonic, Pexip, Polycom (Plantronics), Premiere Global Services Inc., ReadyTalk, uStudio Inc., Vbrick, Vidyo Inc., Zoom Video Communication Inc., ZTE, and Others |
Key Segment |
By Component, Deployment, Enterprise, End User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The taxonomy of the Video Conferencing industry by its scope and segmentation is as follows:
Top Companies in the Industry:
- 8X8 Inc.
- Adobe Systems Inc.
- Arkadin
- AT&T
- Avaya Inc.
- BlueJeans Network
- Cenero
- Cisco Corporation
- Citrix Systems Inc.
- Fuze Inc.
- Google Inc.
- Highfive
- Huawei Technologies Co. Ltd.
- KOLLECTIVE
- Lifesize Inc.
- LogiTech
- LogMeIn Inc.
- MediaPlatform
- Microsoft Corporation
- Panasonic
- Pexip
- Polycom (Plantronics)
- Premiere Global Services Inc.
- ReadyTalk
- uStudio Inc.
- Vbrick
- Vidyo Inc.
- Zoom Video Communication Inc.
- ZTE
By Component Segmentation Analysis
- Hardware
- Camera
- Microphone & Headphone
- Others
- Software
- Services
- Professional
- Managed
By Deployment Segmentation Analysis
- On-Premise
- Cloud-Based
By Enterprise Segmentation Analysis
- Large Enterprise
- Small and Medium Enterprises
By End User Segmentation Analysis
- Corporate
- Education
- Healthcare
- Government &Defense
- BFSI
- Media & Entertainment
- Others
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- 8X8 Inc.
- Adobe Systems Inc.
- Arkadin
- AT&T
- Avaya Inc.
- BlueJeans Network
- Cenero
- Cisco Corporation
- Citrix Systems Inc.
- Fuze Inc.
- Google Inc.
- Highfive
- Huawei Technologies Co. Ltd.
- KOLLECTIVE
- Lifesize Inc.
- LogiTech
- LogMeIn Inc.
- MediaPlatform
- Microsoft Corporation
- Panasonic
- Pexip
- Polycom (Plantronics)
- Premiere Global Services Inc.
- ReadyTalk
- uStudio Inc.
- Vbrick
- Vidyo Inc.
- Zoom Video Communication Inc.
- ZTE
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