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Video Conferencing Systems Market

Video Conferencing Systems Market Size, Share & Segmentation by Component (Hardware and Software), by Deployment Mode (Cloud and On-premises), by Application (Corporate Communications, Training and Development, Marketing and Client Engagement), by Enterprise (Large Enterprises and Small and Medium Enterprises), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1258 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Video conferencing system market was valued at USD 9.5 billion in 2021 and is predicted to increase at a CAGR of 19.3% from 2022 to 2028, to reach USD 32.67 billion.

Video conferencing solutions assist firms in improving communication, training and development, knowledge sharing, employee and customer engagement, and marketing goals, as well as improving team productivity in various locations and time zones throughout the world. Enterprises and SMEs are increasingly turning to cloud-based video conferencing solutions to gain flexibility and reliability in their internal business processes. In addition, in the next years, the integration of modern technologies will create a substantial potential for the video conferencing business.

Video Conferencing System Market

MARKET DYNAMICS: 

KEY DRIVERS: 

  • COVID-19 ushered in a shift toward remote working for the whole workforce, opening the door for video conferencing solutions and technology.

  • Post-pandemic, applications like Microsoft Teams, an in-built Office 365 solution already in use by most organizations for end-to-end productivity with email and storage capabilities, saw tremendous growth.

RESTRAINTS: 

  • Vendors must also provide interoperable and easy-to-use enterprise-grade video communication solutions with built-in security measures
  • Since the security and privacy of video material shared across numerous platforms can be a big concern for businesses.

OPPORTUNITIES: 

  • 5G networks give a 1 Gbps and 10ms better internet experience, as well as a platform for cloud and AI-based video applications.

  • A variety of data-intensive applications are emerging, including augmented reality (AR), virtual reality (VR), and video apps.

CHALLENGES: 

  • Employee productivity is severely hampered by a lack of effective communication tools.

  • Background noise or low-quality video might cause misconceptions and waste time for employees.

IMPACT OF COVID-19:

The COVID-19 epidemic has had an impact on many aspects of society, including individuals and corporations. During the COVID-19 epidemic, the telecom sector is playing a critical role in supporting governments' digital infrastructure all around the world. Every individual and government, including federal, state, central, municipal, and provincial governments, has been in continual contact with one another in society to supply and receive real-time information on COVID-19. Currently, healthcare, telecommunications, media and entertainment, utilities, and government institutes are working around the clock to stabilize the situation and provide essential services to everyone via video conferencing technologies.

KEY PLAYERS:

The key players in the Video Conferencing Systems Market are Microsoft Corporation (Microsoft), Zoom Video Communications, Inc. (Zoom), Cisco Systems, Inc. (Cisco), Adobe Systems Incorporated (Adobe), Huawei Technologies Co. Ltd (Huawei), Avaya, Inc. (Avaya), Amazon Web Services, Inc. (AWS), Google, LLC (Google), Plantronics, Inc. (Poly), LogMeIn, Inc. (LogMeIn)

MARKET ESTIMATION:

Market, By Component:

Video conferencing solution providers enable businesses to securely consolidate, manage, and transmit videos. The solution aids in the management of all operations, from the initial capture and ingest of video through the ultimate transmission to end-user devices. The primary features of a video conferencing solution are video capture, batch and programmatic uploading, automated transcoding, encryption, monetization, Application Programming Interfaces (APIs), video player, video collaboration, and broadcast monitoring. End consumers benefit from low latency video services, less downtime, and quicker transcoding speeds provided by these solutions.

Market, By Application:

Corporate branding, corporate and organisational individuality, corporate social responsibility, company image, strategic communications, internal/employee communications, client services, public affairs, issues management, media relations, and company/spokesperson profiling are all functions that video conferencing solutions can help with. Employee communication is easier with a corporate communications solution, regardless of their location. Executives may develop a more customised relationship with their workers through video conferencing solutions. These solutions provide employees with next-generation video sharing and collaboration capabilities. Some of the top vendors of video solutions for corporate communications are Vidizmo, Zoom, Avaya, Poly, and Microsoft.

KEY MARKET SEGMENTATION:

By Component:

  • Hardware
  • Solution
  • Services

By Deployment Mode:

  • Cloud
  • On-premises

By Application:

  • Corporate Communications
  • Training and Development
  • Marketing and Client Engagement

By Enterprise:

  • Large Enterprises
  • Small and Medium Enterprises

Video Conferencing System Market

REGIONAL ANALYSIS:

The modern communication infrastructure in North America enables video conferencing solution providers to give high-quality services to their clients. North America is likely to be one of the first to adopt 5G technology, which will help the region's adoption of video conferencing solutions. Throughout the projection period, North America is predicted to be the world's largest market for video conferencing solutions. Because most significant firms are based in this region, it is also one of the early users of video conferencing. In the North American video conferencing market, the United States and Canada are likely to be major revenue drivers. Large-scale investments by enterprises for outsourcing video conferencing solutions are a significant growth driver for the North American video conferencing industry. The region's education industry is a big fan of video conferencing and webcasting solutions. Interoperability concerns, complexity issues in video content and technology, and high prices of video conferencing equipment, on the other hand, are impeding market expansion in this area.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Video Conferencing System Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 9.5 Bn
Market Size by 2028  US$ 32.67 Bn
CAGR   CAGR of 19.3% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Hardware and Software)
• by Deployment Mode (Cloud and On-premises)
• by Application (Corporate Communications, Training and Development, Marketing and Client Engagement)
• by Enterprise (Large Enterprises and Small and Medium Enterprises)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Microsoft Corporation, Zoom Video Communications, Inc., Cisco Systems, Inc., Adobe Systems Incorporated, Huawei Technologies Co. Ltd, Avaya, Inc., Amazon Web Services, Inc., Google, LLC, Plantronics, Inc., LogMeIn, Inc.
Key Drivers • Post-pandemic, applications like Microsoft Teams, an in-built Office 365 solution already in use by most organizations for end-to-end productivity with email and storage capabilities, saw tremendous growth.
Market Opportunities • 5G networks give a 1 Gbps and 10ms better internet experience, as well as a platform for cloud and AI-based video applications.

 


Frequently Asked Questions (FAQ) :

Ans: - The Video conferencing system market was valued at USD 9.5 billion in 2021.

Ans: - Employee productivity is severely hampered by a lack of effective communication tools and background noise or low-quality video might cause misconceptions and waste time for employees.

Ans: - North America is predicted to be the world's largest market for video conferencing solutions. 

Ans: - The key players in the Video Conferencing Systems Market are Microsoft Corporation (Microsoft), Zoom Video Communications, Inc. (Zoom), Cisco Systems, Inc. (Cisco), Adobe Systems Incorporated (Adobe), Huawei Technologies Co. Ltd (Huawei), Avaya, Inc. (Avaya), Amazon Web Services, Inc. (AWS), Google, LLC (Google), Plantronics, Inc. (Poly), LogMeIn, Inc. (LogMeIn)

Ans: - The study includes a comprehensive analysis of Identity and Access Management Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Video Conferencing Systems Market Segmentation, By Component

8.1 Hardware

8.2 Solution

8.3 Services

 

9. Video Conferencing Systems Market by Deployment Mode

9.1 Cloud

9.2 On-premises

 

10. Video Conferencing Systems Market by Application

10.1 Corporate Communications

10.2 Training and Development

10.3 Marketing and Client Engagement

 

11. Video Conferencing Systems Market by Enterprise

11.1 Large Enterprises

11.2 Small and Medium Enterprises

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 the USA

12.2.2  Canada

12.2.3  Mexico

12.3 Europe

12.3.1  Germany

12.3.2  the UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4 Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

 

13. Company Profiles  

13.1 Microsoft Corporation (Microsoft)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Zoom Video Communications, Inc. (Zoom)

13.3 Cisco Systems, Inc. (Cisco))

13.4 Adobe Systems Incorporated (Adobe)

13.5 Huawei Technologies Co. Ltd (Huawei)

13.6 Avaya, Inc. (Avaya)

13.7 Amazon Web Services, Inc. (AWS)

13.8 Google, LLC (Google)

13.9 Plantronics, Inc. (Poly)

13.10 LogMeIn, Inc. (LogMeIn)

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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