New York, NY -- (SBWIRE) -- 04/08/2021 -- Market Size – USD 3,702.80 Million in 2018, Market Growth - CAGR of 11.0%, Market Trends – Advancements in 4G and 5G technology to propel the video conferencing market

According to the current analysis of Reports and Data, the video conferencing market was valued at USD 3,702.80 Million in 2018 and is expected to reach USD 8,449.26 Million by the year 2026, at a CAGR of 11%. Video conferencing market research study offers an all-inclusive analysis of the revenue generated by the video conferencing vendors locally and globally. It includes the analysis of key strategies, business models, geographic presence, market dynamics, industry outlook, competitive landscape, and video conferencing market revenue for all segments. The study provides an overall insight into the factors responsible for the growth in the video conferencing market. The factors driving the video conferencing market are the growing communication infrastructure supporting high speed data, increasing enterprise mobility and BYOD, increased adoption of video conferencing in enterprises to support off-shore operations, and advancements in 4G and 5G technology.

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Owing to rising urbanization, globalization, and digitalization across the world, the enterprises from all the industry are implementing the video conferencing solutions to manage and communicate with the off-shore business activities, which are expected to supplement the growth of video conferencing market. An increasing number of key players are partnering up with the major core companies in the above sectors to provide superior and more efficient customer engagement to help them grow their business as well as redefine experiences for the learners. The telecom and IT corporate end-user is estimated to hold the largest video conferencing market size in 2018. Business in the IT software and technology industry face the need of advanced communication solutions as a major part of the business is outsources to some other geography.

It is anticipated that extensive research and development funded by various companies, along with the enhancements of the cloud computing services would help in overcoming this challenge and convert it into an opportunity for the video conferencing market to thrive upon. Video calling, audio calling, file sharing, text chat, scheduling, presentation, document sharing, and screen sharing tools are the key benefits offered by the video conferencing solutions. The ecosystem of the video conferencing market comprises of several small and large enterprises. These players are developing in house solutions by spending a larger share of revenue in the innovation of the products.

Key participants include: Cisco Systems, Microsoft Corporation, Avaya, Inc., Adobe Systems, ZTE Corporation, NTT Communications Corporation, Lifesize, BT Conferencing, , Visions Connected Netherlands BV, Level 3 Communications, LLC, Vidyo, Inc Pty Limited, Polycom Inc., and Singtel Optus

Component type (Revenue in USD Million; 2016–2026)
- Solution
- Services
o Professional Services
? System Integration and deployment
? Technical Support
o Managed

Deployment type (Revenue in USD Million; 2016–2026)
- Cloud
- On-premise
- Managed

Organization Size (Revenue in USD Million; 2016–2026)
- Large Enterprise
- Small and Medium Enterprise

End-User (Revenue in USD Million; 2016–2026)
- Banking, Financial Service and Insurance
- Telecom and IT
- Consumer Goods and Retail
- Healthcare
- Public Sector and Utilities
- Education
- Travel and Hospitality
- Other

Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
o U.S.
o Canada
- Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of Europe
- Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
- Middle East & Africa
- Latin America
o Brazil
o Mexico
o Rest of Latin America

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Further key findings from the report suggest
- The video conferencing market is forecasted to grow at a CAGR of 9% in Asia Pacific due to the rapid industrialization, urbanization, and digitalization of the developing countries and the increased use of digital communication in developing countries such as India, China, and Singapore.
- Global modernization and emergence of technologies like the AI and ML, IoT, has increased the use of electronic devices like smartphones, tablets, and laptops in the communication industry which is expected to increase the use of video conferencing and expand its market size.
- The cloud deployment model is expected to dominate the video conferencing market owing to its low-cost implementation and flexible subscription models suitable for the end-users.
- The large enterprises are estimated to hold the larger market share in the organization size of the video conferencing due to the increasing use of these solutions to enable remote workplace and distance working capabilities.
- The telecom and IT is estimated to be the fastest growing segment in the corporate end-user due to the increasing use of video conferencing solutions for training and learning of the resources to keep them technologically updated.
- The vendors in the video conferencing market have adopted various strategies to increase the product ecosystem and gain a competitive edge over its competitors. For instance, Cisco's partnership with Adelboden Tourist Center to offer Cisco Webex Collaboration, Cisco Meraki Wireless, and Security solutions for collabration

Table Of content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Video Conferencing Market Segmentation & Impact Analysis
4.1. Industrial Outlook
4.2. Market indicators analysis
…..
Chapter 11. Company Profiles
11.1. Cisco Systems.
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Microsoft Corporation
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Avaya, Inc.
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Adobe Systems
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. ZTE Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
11.6. Lifesize
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Technology Insights
11.6.4. Strategic Initiatives
11.7. BT Conferencing
11.7.1. Company Overview
Continued…

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