openPR Logo
Press release

What are the Growth Drivers of Video Conferencing Market? Cisco Systems, Polycom, Arkadin, Microsoft, Vidyo, ZTE Corporation, Huawei Technologies, Logitech, Adobe Systems, and West Unified Communications Services

03-20-2020 11:46 AM CET | IT, New Media & Software

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport
What are the Growth Drivers of Video Conferencing Market? Cisco

MarketStudyReport.com Adds New Video Conferencing Market 2018 - 2024 research report providing information and data By Component, By Type, By Application, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.

North American region holds a prominent share in the video conferencing market with over 35% share in 2017. The market is driven by the presence of major local players such as Cisco and Polycom and the availability of advanced telecommunication infrastructure. The high level of adoption of trends such as BYODs across businesses of all sizes is further driving the market growth. The Asia Pacific market is anticipated to register a CAGR of over 14% over the forecast timeframe. Favorable regulatory policies and government initiatives are fostering market growth. In addition, the consumer use of cloud-based solutions is also nurturing the market growth.

Request a sample of this report at: https://www.marketstudyreport.com/request-a-sample/1357098/?utm_source=Openpr.com-AN

Telepresence accounts for over 40% of the market. Its ability to support various business environments has led the enterprises to embrace telepresence solutions. The desktop market is estimated to grow at a CAGR of over 14% over the projected time period. The advent of various reliable, efficient, and affordable devices has led businesses across various business verticals to adopt video conferencing solutions. In addition, the vendors are providing freely available mobile software to transform mobile devices into effective video conferencing solutions.

Video Conferencing Market is anticipated to exceed 20 billion by 2024. The market is driven by the increasing demand for unified communication and collaboration solutions among enterprises. As the companies are venturing into various foreign markets, the need for a collaborative approach to foster teamwork between employees at various locations also increases. It allows organizations to build communications lines between multiple offices without incurring a huge capital expenditure.
The vendors operating in the video conferencing market are Cisco Systems, Polycom, Arkadin, Microsoft, Vidyo, ZTE Corporation, Huawei Technologies, Logitech, Adobe Systems, and West Unified Communications Services. The market is vastly fragmented and the companies present in the market are embracing strategic collaborative initiatives to increase their market share. Large players in the market are working toward expanding their product lines and strengthening their product capabilities to solidify their position in the market. For instance, in January 2018, Polycom, Inc. acquired Obihai Technology, a developer of hardware and software VoIP systems. This acquisition will further strengthen its position in the global voice market and expand its product portfolio.

Corporate enterprises held over 65% market share of the video conferencing market in 2017. The increasing adoption of advanced collaborative solutions and the need for inexpensive video communication mechanisms are also fostering the market growth. Furthermore, trends such as BYOD aimed at enhancing employee convenience are also driving the growth of the corporate enterprise market. The education market is expected to register a CAGR of approximately 14% over the projected timeline. The extensive adoption of online education platforms is nurturing the growth of the education market.

Request a discount on standard prices of this report at: https://www.marketstudyreport.com/check-for-discount/1357098/?utm_source=Openpr.com-AN

The hardware market is expected to account for over 50% of the video conferencing market. The hardware segment comprises multipoint control units, codecs, and peripheral devices. The growth of the market can be attributed to the high implementation of multipoint control units among businesses and the need for highly interoperable solutions. The software segment is expected to grow at a CAGR of over 14% over the forecast timeline. This can be credited to the increasing demand for cloud-based solutions & mobile applications. The services market is also projected to grow with a CAGR of over 10% over the projected timeframe. The increasing demand among organizations to outsource their communication infrastructure to focus on their core competency is also driving the growth of the market.

Table of Content:
Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definitions

1.1.6. Methodology & forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.1.1. Paid sources

1.2.1.2. Public sources

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Video conferencing industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.3.1. Hardware trends

2.1.3.2. Software trends

2.1.3.3. Service trends

2.1.4. Type trends

2.1.5. Application trends

Chapter 3. Video Conferencing Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Video conferencing market, 2013 - 2024

3.4. Video conferencing ecosystem analysis

3.5. Video conferencing architecture analysis

3.5.1. Mixing based

3.5.2. Multiplexing based

3.5.3. Scalable video coding based

3.6. Video conferencing evolution

3.7. Business model

3.7.1. Infrastructure as a software

3.7.2. Infrastructure as a cloud service

3.7.3. Business model adjustment

3.8. Technological & innovation landscape

3.8.1. SoftCodec

3.8.2. Virtual reality

3.8.3. WebRTC

3.8.4. Artificial intelligence

3.8.5. Advanced video compression formats

3.9. Standards & protocols

3.9.1. Transport protocols

3.9.2. Network infrastrcture and devices

3.9.3. Integrated Digital Services Network (ISDN)

3.9.4. LAN, WAN, VPN and Intranet

Related Report:

Global Enterprise Video Conferencing Endpoint Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Video conferencing system endpoints are physical equipment or software that people use to make video connections. Video conferencing endpoint mainly includes collaboration room endpoints and collaboration personal endpoints. From the production side, Major manufacturers are concentrated in the manufacturing industry developed areas. Worth noting is that major manufacturers due to cost considerations, transferring their manufacturing bases to Southeast Asia. Cisco, Polycom and Huawei are major manufacturers of facing large enterprises and Government agencies. However industry focused on cloud services. Video Conferencing Endpoint is devices to realize the importance of ?face to face communication devices?. It is based on the rapid development of network technology. It is being more and more industry applications. It enables communication between partners is more convenient.

https://www.marketstudyreport.com/reports/global-enterprise-video-conferencing-endpoint-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=Americanewshour.com-AN

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What are the Growth Drivers of Video Conferencing Market? Cisco Systems, Polycom, Arkadin, Microsoft, Vidyo, ZTE Corporation, Huawei Technologies, Logitech, Adobe Systems, and West Unified Communications Services here

News-ID: 1977355 • Views: 225

More Releases from marketstudyreport.com

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: https://www.marketstudyreport.com/request-a-sample/2679238/?utm_source=OPR.com/&utm_medium=SP The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases


More Releases for Video

Video Virtualization Market: Rising Video Internet Traffic to Propel Growth
Virtualization is defined as the formation of virtual rather than real version of something such as server, operating system, network resources and storage devices. Increasing video internet traffic is the key factor influencing growth of global video virtualization market, accounting 80% of total internet traffic. Further, rising demand for video surveillance, increasing demand for anti-piracy software and growing expenditure on personalized video advertisement have been driving global video virtualization market.
Cloud-based Video Surveillance: The Future of Video Security Industry
Cloud-based video surveillance is emerging as the next generation of video surveillance for security. It is an IT solution routed through the cloud for greater efficiencies with a number of features and flexibility. This solution radically alters the landscape of the on-site DVR/NVR and analog camera dominated video surveillance market. Cloud-based video surveillance is also safe as there is no video storage device (DVR) on the customer premises and the
ViennaCC Launching Christmas Video
Austria based musician ViennaCC recorded the traditional Christmas song "Softly Falls Each Snow Flake" (Leise rieselt der Schnee) and produced a short music video showing impressions of the Christmas market in Vienna in wintry installations. The original song "Leise rieselt der Schnee" was written by Eduard Ebel, published 1895, as a child song. ViennaCC: "We do not have much snow in Vienna, but outside the city in the mountains there is
E.V.A. – Experimental Video Art
Summer Screening 16th July – 5th August 2011 Venue : Bashimi Art House Neutorstrasse 32k 5020 Salzburg, Austria Bashimi Art House is pleased to present a selection of experimental videos from emerging artists.9 artists from various countries participate the organisation with their last term works. Video screenings will take place in Bashimi Art House , Salzburg Gallery daily between 4pm – 7pm . Free entrance screenings will be open for all
Virtual Music Video launched
Todtenweis, Germany. The platform for online music collaboration, v-band.de, launched the first music video for a song created by musicians from three different continents. The song called \"Pirate of the deep blue sea\" sounds like a modern folk song including electronic elements. With recorded instruments provided by members from the USA and Germany the song went to life with lyrics and vocals written and recorded by a member from Australia. In addition
MediaCell Video Converter v1.0
MediaCell Video Converter is the best software for MP4/3GP file conversion of portable video device such as iPod/PSP/Mobile Devices. With unmatchable compression ratio and speed while retaining the highest quality, MediaCell Video Converter can convert almost all kinds of video files such as AVI, MPG, MPEG, DivX, XviD, MOV, VOB, VCD, DVD, SVCD, WMV, RM, RMVB, 3GP, AMR, FLV, formats to MP4/3GP video files. MediaCell Video Converter empowers users to