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New York, NY, December 08, 2020 (GLOBE NEWSWIRE) – Facts and Factors has released a new research report titled “Video conferencing market by component (hardware (camera, microphone and headsets, others), software, services (professional, managed)), by deployment (on premises, cloud-based), by company (large, small and medium-sized companies companies)) and by end user (Corporate, Education, Health, Government and Defense, BFSI, Media and Entertainment, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026 “.
According to the research study, Video conferencing market was estimated at USD 4.8 billion in 2019 and is expected to reach USD 9.2 billion by 2027. The global video conferencing market is expected to grow at a compound annual growth rate (CAGR) of 11.45% from 2020 to 2026.
Two-way transmission of audio and video content through the use of telecommunications devices is called video conferencing. Video conferencing plays an important role in business processes by saving travel time and costs for the organization.
This specialized and experience-oriented industry research report looks at the technical and commercial business prospects of the video conferencing industry. The report analyzes and states the analysis of historical and current trends in the video conferencing industry and subsequently recommends the projected trends that are expected to be observed in the video conferencing market over the next few years.
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Our free sample report includes:
• Introduction of reports, overview and detailed industry analysis
• Investigation report of more than 210 pages
• Provide guidance by chapter on demand
• Regional analysis with graphic representation of size, participation and trends
• Includes list of tables and figures
• The report includes the main players in the market with their business strategy, sales volume and income analysis
• Facts and factors investigation methodology
(Note: sample for this report is updated with COVID-19 impact analysis prior to delivery)
Key offers:
- Market size and revenue forecast | 2020-2026
- Market Dynamics: Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by product, types, end user, applications, segments, and geography.
- Competitive Landscape – Top Key Vendors and Other Featured Vendors
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Key Growth Drivers: Video Conferencing Market
The incorporation of innovative technologies such as virtual reality, facial recognition in video conferencing is playing a fundamental role in driving speed and simplification of processes.
The increasing globalization of companies around the world has led to an increased demand for video conferencing solutions in major companies. Additionally, workforce management and business operations in various locations are further catalyzing the demand for video conferencing solutions in various industries. Additional demand for video conferencing solutions has been created from the expansion of online workshops, seminars and conferences. The coronavirus pandemic has created a huge push towards video conferencing solutions as the concept of work from home needs to be adopted at various levels of the industry. The integration of modern technologies such as virtual reality and facial recognition is expected to create future business opportunities for market expansion.
Best players on the market:
- Plantronics Inc.
- Cisco Systems Inc.
- Huawei Technologies Co. Ltd.
- Array Telepresence Inc.
- Logitech International SA
- Avaya Inc.
- Microsoft Corporation
- Adobe Inc.
- Vidyo Inc
- West Corporation
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Key information from primary research
- Extensive interviews with CXO of major companies operating in the global video conferencing market, primary research analysis concludes that the global video conferencing market will experience an impressive growth of nearly 11.45% over the forecast period.
- In 2019, the market was valued at approximately USD 4.8 billion in 2019 and is expected to be valued at USD 9.2 billion by 2026.
- On the basis of component segmentation, the hardware segment is expected to dominate the global market share. SMEs are expected to generate great market appeal in the coming years. The business sector is expected to generate significant revenue during the forecast period.
- The Asia Pacific region is expected to be the fastest growing region for video conferencing during the forecast period. The North American region is expected to generate maximum revenue during the period studied.
Key Segments: Video Conferencing Market
The hardware segment is expected to generate maximum revenue during the period studied. Increasing innovation in the field of video conferencing cameras, such as facial recognition, is expected to further strengthen the hardware market. The large company is expected to dominate the world market share. The main factor driving the growth of large companies is the rapid adoption of video conferencing solutions with an active investment to improve business processes. The SME sector is expected to show the highest growth during the forecast period.
The business sector is expected to generate maximum business opportunities during the period studied. Geographically, North America is projected to dominate the global video conferencing market share. Increased adoption, notable investments, and the presence of leading video conferencing solutions providers are the drivers of market growth in the region. The Asia Pacific region is expected to show the highest growth during the forecast period. The growing telecommunications and information technology industry, in parallel with the growing economic situation in the region, is expected to catalyze market growth.
Explore the “Video conferencing market by component (hardware (camera, microphone and headsets, other), software, services (professional, managed)), by deployment (on premises, cloud-based), by company (large, small and medium-sized companies companies)) and by end user (Corporate, Education, Health, Government and Defense, BFSI, Media and Entertainment, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026 “ report in https://www.fnfresearch.com/video-conferencing-market
Global Video Conferencing Market: By Component Segmentation Analysis
- Hardware
- Camera
- Microphone and headphones
- Others
- software
- Services
Global Video Conferencing Market: By Deployment Segmentation Analysis
Global Video Conferencing Market: By Business Segmentation Analysis
- Big company
- Small and medium businesses
Global Video Conferencing Market: By End User Segmentation Analysis
- Corporate
- Education
- Health care
- Government and Defense
- BFSI
- Media and entertainment
- Others
Research methodology: video conferencing market
The report uses 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 throughout the video conferencing industry value chain. The Video Conferencing market report further employs SWOT analysis and PESTLE analysis models for deeper analysis.
The report study further includes an in-depth analysis of the market shares of the industry players and provides an overview of the market position of the leading players in the video conferencing sector. Key Strategic Developments in the Competitive Landscape of the Video Conferencing Market such as Acquisitions and Mergers, Inaugurations of Different Products and Services, Partnerships and Joint Ventures, MoU Agreements, Venture Capital and Financing Activities, R&D Activities, and Geographic Expansion, among other notable activities by key players in the video conferencing market are adequately highlighted in the report.
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