Product Code: r4470
“Video Conferencing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on video conferencing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for video conferencing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The video conferencing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
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 And Entertainment; Government And Defense; Other End Users
- Companies Mentioned: Cisco Systems Inc; Polycom; Adobe Systems; Microsoft Corporation; Vidyo Inc
- 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.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the video conferencing market are: Cisco Systems Inc., Polycom, Adobe Systems, Microsoft Corporation, VidyoInc., Zoom Video Communication Inc., Logitech International S.A., Panasonic Corporation, ZTE Corporation, and Huawei Technologies Co. Ltd.
The global video conferencing market grew from $6.62 billion in 2022 to $7.26 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The video conferencing market is expected to grow to $10.44 billion in 2027 at a CAGR of 9.5%.
The video conferencing market includes revenues earned by entities by streaming videos, sharing screen, hosting meetings, and integrating with online calendar or email client . The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Video conferencing refers to an online technology that enables 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 person to encourage all those benefits without the necessity for constant travel for face-to-face communication.
North America was the largest region in the video conferencing market in 2022. The regions covered in the video conferencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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 the cloud, on-premises; by enterprise size into small and medium enterprises, large enterprises; by end-use into corporate, education, BFSI, media & entertainment, government & defence, others.
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 Ericsson's network coverage report, 5G is expected to cover up to 65% of the world's 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.
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.
Gamification in video meetings is a leading trend gaining popularity in the video conferencing market. Video conferencing companies introducing gamification for corporate end-users in their video meetings to improve employee performance and drive productivity. Gamification includes components of game design, such as tasks, points, badges, and rewards in a non-game sense. Employers might split their workers into small groups and then using screen sharing and annotation functions, make them work on an activity remotely in a video conference. Moreover, few companies in the media and entertainment market are introducing gamification in their video meetings to attract a greater number of users and improve user experience. For instance, in May 2020, Microsoft Corporation, a US-based technology company, launched the Xbox game console, a virtual game conference with a regular schedule of online demonstrations.
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 company's proprietary in-room video conferencing hardware.
The countries covered in the video conferencing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The video conferencing market research report is one of a series of new reports from The Business Research Company that provides video conferencing market statistics, including video conferencing industry global market size, regional shares, competitors with a video conferencing market share, detailed video conferencing market segments, market trends and opportunities, and any further data you may need to thrive in the video conferencing industry. This video conferencing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Video Conferencing Market Characteristics
3. Video Conferencing Market Trends And Strategies
4. Video Conferencing Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Video Conferencing Market
- 4.2. Ukraine-Russia War Impact On Video Conferencing Market
- 4.3. Impact Of High Inflation On Video Conferencing Market
5. Video Conferencing Market Size And Growth
- 5.1. Global Video Conferencing Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Video Conferencing Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Video Conferencing Market Segmentation
- 6.1. Global Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Telepresence
- Integrated
- Desktop
- Service-Based Video Conferencing System
- 6.2. Global Video Conferencing Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cloud
- On-premises
- 6.3. Global Video Conferencing Market, Segmentation By Enterprise Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small and Medium Enterprises
- Large Enterprises
- 6.4. Global Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Corporate
- Education
- BFSI
- Media & Entertainment
- Government & Defense
- Other End Users
7. Video Conferencing Market Regional And Country Analysis
- 7.1. Global Video Conferencing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Video Conferencing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Video Conferencing Market
- 8.1. Asia-Pacific Video Conferencing Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Video Conferencing Market
- 9.1. China Video Conferencing Market Overview
- 9.2. China Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Video Conferencing Market
- 10.1. India Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Video Conferencing Market
- 11.1. Japan Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Video Conferencing Market
- 12.1. Australia Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Video Conferencing Market
- 13.1. Indonesia Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Video Conferencing Market
- 14.1. South Korea Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Video Conferencing Market
- 15.1. Western Europe Video Conferencing Market Overview
- 15.2. Western Europe Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Video Conferencing Market
- 16.1. UK Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Video Conferencing Market
- 17.1. Germany Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Video Conferencing Market
- 18.1. France Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Video Conferencing Market
- 19.1. Eastern Europe Video Conferencing Market Overview
- 19.2. Eastern Europe Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Video Conferencing Market
- 20.1. Russia Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Video Conferencing Market
- 21.1. North America Video Conferencing Market Overview
- 21.2. North America Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Video Conferencing Market
- 22.1. USA Video Conferencing Market Overview
- 22.2. USA Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Video Conferencing Market
- 23.1. South America Video Conferencing Market Overview
- 23.2. South America Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Video Conferencing Market
- 24.1. Brazil Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Video Conferencing Market
- 25.1. Middle East Video Conferencing Market Overview
- 25.2. Middle East Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Video Conferencing Market
- 26.1. Africa Video Conferencing Market Overview
- 26.2. Africa Video Conferencing Market, Segmentation By Conference Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Video Conferencing Market, Segmentation By End-Use , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Video Conferencing Market Competitive Landscape And Company Profiles
- 27.1. Video Conferencing Market Competitive Landscape
- 27.2. Video Conferencing Market Company Profiles
- 27.2.1. Cisco Systems Inc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Polycom
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Adobe Systems
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Microsoft Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Vidyo Inc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Video Conferencing Market
29. Video Conferencing Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer