Video conferencing equipment market is largely driven by the growing globalization of business organizations, coupled by the need for scalable communication methods. The increasing need to lower operational costs and effectively manage a global supply chain is another significant factor driving the global video conferencing market.
Albany, NY -- (SBWIRE) -- 05/19/2017 -- A vast number of businesses around the globe today prefer to conduct meetings or make presentations to clients through the use of web video conferencing systems. In order to arrange for a profitable seminar, conference and meetings, it is important to purchase all the necessary video conferencing equipment. The video conferencing systems are quite cost effective and have proved to be quite profitable for the users, especially the companies. According to a recent analysis on the market of video conferencing equipment, it has been analyzed that the market is largely driven by the growing globalization of business organizations, coupled with the need for scalable communication methods. Market Research Hub (MRH) has broadcasted this study into its massive repository, which is headlined as "United States Video Conferencing Equipment Market Report 2017". This report presents a deep evaluation of the United States market and offers crucial market data connected to this booming sector.
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Today, more and more businesses around the world are using video conferencing equipment. Through the use of such equipment, a business can benefit from it in a number of different ways. Video conferencing equipment has evolved a lot from its roots as two television sets and cameras connected by a physical cable that ran from one location to the other. In the past, video conferencing equipment was relatively costly and was only utilized by businesses. However, with the evolution of technology, it is now possible for anyone with a smoothly running internet connection to operate a video conference. As per the key findings, video conferencing equipment market in the U.S. is gaining momentum with an estimated growth value in USD million observed in 2016. It is also anticipated to grow steadily with an impressive CAGR and reach a high value between 2016 and 2022.
In the first section, the research presents a comprehensive overview of the video conferencing market along with its classification and applications. Also, research briefly highlights the key factors driving the market along with the opportunities and challenges for the market. The recommendations and inputs given by industry experts are expected to help the leading players and readers in formulating market-centric strategies in the coming years.
The market has been classified by regions, types and application. Major types include Collaboration room endpoints and Collaboration personal endpoints. Additionally, major applications of video conferencing equipment include Education- Public/Private, High Tech, Manufacturing, Consulting/Professional Services and Government (Non-Military). Through the regional analysis, the research focuses on The West, Southwest, New England, The Middle Atlantic, The South and The Midwest; which carries out the details of sales (volume), revenue (value), growth rate and market share for each segment, forecasted till 2022.
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In the market today, there are so many vendors that offer almost all kinds of video conferencing equipment. Key players mentioned in the report are Cisco (Tandberg), Avaya (Radvision), SONY, Huawei, Polycom, ClearOne (VCON), Lifesize, Tely Labs, ZTE, Yealink, Vidyo, Starleaf and Kedacom.
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