Video Conferencing Market Latest Trends, Growth and Business Developments 2021 to 2025| Cisco Systems Inc, Polycom, Adobe Systems, Microsoft Corporation, Vidyo Inc

Global Video Conferencing Market report includes current market scenario and offers a comprehensive analysis on Video Conferencing industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after a pin-point research and exhaustive investigation of the market development in different sectors that requires theoretical analysis, technology-based ideas, and its validity.

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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%.

Scope of the Report:

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; 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

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.

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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.

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 companys 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 Ericssons network coverage report, 5G is expected to cover up to 65% of the worlds 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.

Highlights of Video Conferencing Market Report:

-Market dynamics, Video Conferencing economy manufacturing, opportunities on the total pricing of this top manufacturer and improvement trend analysis;

Video Conferencing industry players at the general regional industry and economy synopsis;

-Deep analysis of the most significant market players included by Worldwide Video Conferencing Market study report;

-Understand more about the market plans that are increasingly now being adopted by leading Video Conferencing businesses;

-Evaluation of this market character, namely market development drivers, essential challengers, inhibitors, and chances;

-Strategically profile the key players and comprehensively analyze their growth strategies.

Key Takeaways:

-An extensive analysis of the Video Conferencing market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments.

-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Video Conferencing market between 2020 and 2023.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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