Video Conferencing Global Market Report 2021: COVID-19 Implications And Growth from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global video conferencing market.
This report focuses on video conferencing market which is experiencing strong growth. The report gives a guide to the video conferencing market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Description:
Where is the largest and fastest growing market for the video conferencing- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Video Conferencing market global report from Publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider video conferencing market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The video conferencing market section of the report gives context. It compares the video conferencing market with other segments of the video conferencing market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, video conferencing indicators comparison.
Scope
Markets Covered: 1) By Conference Type: Telepresence; Integrated; Desktop; Service-Based Video Conferencing System
2) By Deployment: Cloud; On-premises
3) By Enterprise Size: Small and Medium Enterprises; Large Enterprises
4) By End-Use: Corporate; Education; BFSI; Media & Entertainment; Government & Defense; Others
Companies Mentioned: Cisco Systems Inc; Polycom; Adobe Systems; Microsoft Corporation; Vidyo Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the video conferencing market are Cisco Systems Inc, Polycom, Adobe Systems, Microsoft Corporation, Vidyo Inc, Zoom Video Communication Inc, Logitech International S.A., Panasonic Corporation, ZTE Corporation, and Huawei Technologies Co. Ltd.
The global video conferencing market is expected to decline from $7.87 billion in 2020 to $6.03 billion in 2021 at a compound annual growth rate (CAGR) of -23.35%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $8.67 billion in 2025 at a CAGR of 9.5%.
The video conferencing market consists of sales of video conferencing software and its related services by entities (organizations, sole traders, and partnerships) that enable users in different locations to conduct face-to-face meetings without the necessity to move to one place together. Video conferencing increases performance, saves time, minimizes travel costs, and facilitates collaboration. Video conferencing allows the power to encourage all those benefits without the necessity for constant travel for face-to-face communication.
The video conferencing market covered in this report is segmented by conference type into telepresence, integrated, desktop, service-based video conferencing system; by deployment into cloud, on-premises; by enterprise size into small and medium enterprises, large enterprises; by end-use into corporate, education, BFSI, media & entertainment, government & defense, others.
North America was the largest region in the video conferencing market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
High costs associated with setting up video conferencing is predicted to limit the growth of the video conferencing market. For small-sized companies or enterprises, setting up video conferencing in the corporate sector may be a little costly. For instance, a 10-way audio conference (PSTN) with participants in the UK is charged at a rate of $0.87 per minute ($0.087 per call participant), or $52.20 per hour. For just one recurring meeting, the same call runs weekly would cost $2,714.40 in annual usage fees. Advanced features and functionality have increased costs, subsequently, restricting the growth of the video conferencing market.
In September 2020, Dailpad, a US-based AI-powered cloud communication platform, acquired video conferencing company Highfive for an undisclosed amount. The acquisition is aimed to provide businesses with conference room solutions and bringing the ability to connect rooms, communicate with their meeting connector technology with other video services and support for legacy devices with their room connector. Highfive, a US-based company engaged in combining cloud-based software with the company's proprietary in-room video conferencing hardware.
The launch of 5G technology contributed to the growth of video conferencing market during the forecast period. 5G enhances video conferencing attributing to faster networks, higher frequency radio bands, and more reliable connections. The improved network speeds and bandwidth capacity can support top-quality calls in HD or even 3D without delay or other interruptions found in the busy 4G network. The development of 5G at reasonable rates has put remote work at the forefront of video conferencing. According to Ericsson's network coverage report, 5G is expected to cover up to 65% of the world's population by 2025. Increased network speed and capability with the launch of 5G technology to enable high-quality video conferences is projected to contribute to the growth of the video conferencing market.
Gamification in video meetings is a leading trend gaining popularity in the video conferencing market. Video conferencing companies introducing gamification for corporate end-users in their video meetings to improve employee performance and drive productivity. Gamification includes components of game design, such as tasks, points, badges, and rewards in a non-game sense. Employers might split their workers into small groups and then using screen sharing and annotation functions, make them work on an activity remotely in a video conference. Moreover, few companies in the media and entertainment market are introducing gamification in their video meetings to attract a greater number of users and improve user experience. For instance, in August 2018, Facebook introduced new AR games to Messenger video chats.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Video Conferencing Market Characteristics
3. Video Conferencing Market Trends And Strategies
4. Impact Of COVID-19 On Video Conferencing
5. Video Conferencing Market Size And Growth
5.1. Global Video Conferencing Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Video Conferencing Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Video Conferencing Market Segmentation
6.1. Global Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Telepresence
Integrated
Desktop
Service-Based Video Conferencing System
6.2. Global Video Conferencing Market, Segmentation By Deployment, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Cloud
On-premises
6.3. Global Video Conferencing Market, Segmentation By Enterprise Size, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Small and Medium Enterprises
Large Enterprises
6.4. Global Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Corporate
Education
BFSI
Media & Entertainment
Government & Defense
Others
7. Video Conferencing Market Regional And Country Analysis
7.1. Global Video Conferencing Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Video Conferencing Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Video Conferencing Market
8.1. Asia-Pacific Video Conferencing Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Video Conferencing Market
9.1. China Video Conferencing Market Overview
9.2. China Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Video Conferencing Market
10.1. India Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Video Conferencing Market
11.1. Japan Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Video Conferencing Market
12.1. Australia Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Video Conferencing Market
13.1. Indonesia Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Video Conferencing Market
14.1. South Korea Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Video Conferencing Market
15.1. Western Europe Video Conferencing Market Overview
15.2. Western Europe Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Video Conferencing Market
16.1. UK Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Video Conferencing Market
17.1. Germany Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Video Conferencing Market
18.4. France Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Video Conferencing Market
19.1. Eastern Europe Video Conferencing Market Overview
19.2. Eastern Europe Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Video Conferencing Market
20.1. Russia Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Video Conferencing Market
21.1. North America Video Conferencing Market Overview
21.2. North America Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Video Conferencing Market
22.1. USA Video Conferencing Market Overview
22.2. USA Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Video Conferencing Market
23.1. South America Video Conferencing Market Overview
23.2. South America Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Video Conferencing Market
24.1. Brazil Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Video Conferencing Market
25.1. Middle East Video Conferencing Market Overview
25.2. Middle East Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Video Conferencing Market
26.1. Africa Video Conferencing Market Overview
26.2. Africa Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Video Conferencing Market, Segmentation By End-Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Video Conferencing Market Competitive Landscape And Company Profiles
27.1. Video Conferencing Market Competitive Landscape
27.2. Video Conferencing Market Company Profiles
27.2.1. Cisco Systems Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Polycom
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Adobe Systems
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Microsoft Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Vidyo Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Video Conferencing Market
29. Video Conferencing Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Business Research Company
30.5. Copyright And Disclaimer
Cisco Systems Inc
Polycom
Adobe Systems
Microsoft Corporation
Vidyo Inc
Zoom Video Communication Inc
Logitech International S.A.
Panasonic Corporation
ZTE Corporation
Huawei Technologies Co. Ltd.
Avaya Inc.
Lifesize Inc.
Verizon Communucation
Alphabet
Fuze inc
Facebook Inc.
Starleaf
Premiere Global Services Inc.
ezTalks Technology Co. Ltd
Bharti Airtel
Reliance jio Infocomm Limited
Blue Jeans Network Inc
Array Telepresence Inc
West Corporation
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