Global Video Conferencing Market to Generate a Revenue of $ 14.58 Billion by 2029, Growing at a CAGR of 11.3% from 2022-2029

Posted on Jun 23 2022 4:56 AM

"Companies in the Video Conferencing Market are Avaya Inc. (California, United States),AVer Information Inc. (Taipei City, Taiwan),Blue Jeans Network, Inc. (California, United States),Cisco Systems, Inc. (California, United States),Huawei Technologies Co. Ltd. (Shenzhen, China),Logitech International S.A. (Lausanne, Switzerland),Microsoft Corporation (New Mexico, United States),Panasonic Corporation (Osaka, Japan),Polycom Inc. (Plantronics, Inc.) (California, United States)"

The Global “Video Conferencing Market Size ” 2022 research report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Video Conferencing Market report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analysed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Worldwide Video Conferencing Market size stood at USD 5.77 Billion in 2020 and is expected to reach USD 12.99 Billion by 2028, register a revenue CAGR of 10.9% during the forecast period.

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DRIVING FACTORS

Growing Preference for Remote Learning to Promote Growth

The widespread COVID-19 pandemic has led to a paradigm shift in the working of industries. The work-from-home culture has gained traction, and several companies are focusing on remote working. According to the Bureau of Economic Analysis, businesses in the U.S. have been spending significantly on telecommunication technology, indicating that the remote working culture is likely to gain traction. This presents a lucrative opportunity for the companies working in the market as the demand for remote calling is projected to rise exponentially. Additionally, the increasing adoption of the cloud-based network owing to its feasibility and cost-effectiveness is anticipated to contribute to the global video conferencing market growth during the forecast period.

Learning from the impacts of COVID-19

COVID-19 brought fast-moving and unexpected impacts for which many existing plans and teams were unprepared. But by learning the right lessons from the pandemic and building resilience for the next crisis, businesses have an opportunity to turn the COVID-19 disruption to their advantage

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Companies involved in the global Video Conferencing Market research report are:

  • Avaya Inc. (California, United States)
  • AVer Information Inc. (Taipei City, Taiwan)
  • Blue Jeans Network, Inc. (California, United States)
  • Cisco Systems, Inc. (California, United States)
  • Huawei Technologies Co. Ltd. (Shenzhen, China)
  • Logitech International S.A. (Lausanne, Switzerland)
  • Microsoft Corporation (New Mexico, United States)
  • Panasonic Corporation (Osaka, Japan)
  • Polycom Inc. (Plantronics, Inc.) (California, United States)

Video Conferencing Market Forecast:

  • Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
  • Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.

Influencing Factors:

  • Market Environment: Government Policies, Technological Changes, Market Risks.
  • Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.

Video Conferencing Market Historic Data:

  • Industry Trends: Global Revenue, Status, and Outlook.
  • Market Segment: By Types, By Applications, By Regions/ Geography.
  • Competitive Landscape: By Manufacturers, Development Trends.
  • Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
  • Sales Revenue: Market Share, Growth Rate, Current Market Analysis.

Geographic Segment Covered in the Report:

The Video Conferencing Market report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries-

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

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Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Value Chain
    • Key Mergers, Acquisitions, Partnerships, etc.
    • Covid-19 Impact on the Market

TOC Continued...!

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