COVID Impact On Global Video Conferencing Market 2020-2025

The video conferencing was a small on a small scale and very much present in the business and corporate sector. But the pandemic outbreak resulted in lockdown not only increased the presence globally but also expanded the area of presence of these applications to education sector as well.

Even though the lockdown is lifted in many countries the ‘work from home’ has continued to be the go to option for the companies and this will continue the growth in the online video conferencing market as the meetings form important part of the job.

Zoom is forecast to be the fastest growing company with 252% revenue growth by 2021, Cisco is also forecast to grow by more than 200% by 2021 due to the impact of COVID-19.

The Video conferencing market subscriber base is expected to reach 1.1 Billion users by the end 2025 and APAC will account for the maximum number of subscribers

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In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2022-2025

The growth in revenue is lesser as compared to the subscriber base in 2022-2025 because the market will become more fragmented and the average price will go down

Education segment is forecast to become a $3.5 Billion market by 2025 in terms of revenue and reach 295 Million in terms of subscribers

GoTo Meeting, Cisco Webex, Microsoft teams and Zoom are forecasted to remain the biggest players in terms of revenue as well as subscriber base in 2021. Cisco and Zoom will grow more than GoTo Meeting.

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COMPANY PROFILE
Zoom
Google Meet
Microsoft
Cisco Systems
Verizon
HCL
Reliance Indistries
Icewarp
Kredily
JD
ByteDance
Alibaba Group
Tencent
Kaltura
WebinarJam

THIS VIDEO CONFERENCING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Video Conferencing Market size and Forecast (Subscribers and $Million), by region, by application
2. Average B-2-B price for Video Conferencing Market, by region, per user
3. Technology trends and related opportunity for new video conferencing tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Video conferencing market earnings

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Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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This release was published on openPR.