Global Video Conferencing Solutions & Services Market Report 2021-2026 Featuring Leading Players - Zoom, Adobe, Amazon.com, Cisco Systems, Huawei, Microsoft, Verizon and Zoho
Dublin, Dec. 17, 2021 (GLOBE NEWSWIRE) -- The "Video Conferencing: Global Markets to 2026" report has been added to ResearchAndMarkets.com's offering.
The global video conferencing market should reach $27.3 billion by 2026 from $14.6 billion in 2021 at a compound annual growth rate (CAGR) of 16.9% for the forecast period of 2021 to 2026.
The North American video conferencing market is expected to grow from $5.5 billion in 2021 to $9.7 billion in 2026 at a CAGR of 15.2% for the forecast period of 2021 to 2026.
The Asia-Pacific video conferencing market is expected to grow from $3.3 billion in 2021 to $6.8 billion in 2026 at a CAGR of 19.9% for the forecast period of 2021 to 2026.
Report Scope
In this report, the market has been segmented based on component, organization size, deployment mode, system, application, end-use and region. The report provides an overview of the global video conferencing market and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period, 2021 to 2026. Market values have been estimated based on the total revenue of video conferencing solution providers.
Global workforce transformation in the wake of COVID-19, growing adoption of video conferencing in the healthcare and education sectors, and a surge in cloud video conferencing are some of the key factors driving the growth of the current video conferencing market. However, network privacy and security concerns, lack of interoperability, and high initial costs are hindering the market growth.
In this report, the global market video conferencing has been segmented based on solution, organization size, deployment mode, system, application, end-use and geography. Based on the solution, the video conferencing market has been categorized into hardware, software and services. Software currently dominates the market.
The report covers the market for video conferencing with regard to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for video conferencing in 2020 and provides projections for the expected market size through 2026.
The scope of the study includes video conferencing hardware, solutions and associated services. However, hardware components like amplifiers, headphones, headsets, display devices, physical services for repair and maintaining of IT Infrastructure, revenue generated for B2C, revenue generated by individual personal communication, and third-party vendors are not part of the scope.
The Report Includes
Analyses of the global market trends, with data from 2020, estimates for 2021-2022 and projections of compound annual growth rates (CAGRs) through 2026
Highlights of market growth drivers, restraints and opportunities that are expected to affect the expansion of the market during the forecast period
Evaluation and forecast the global video conferencing market size, and their corresponding market share analysis by component, organization size, conference type, deployment mode, application, end-use industry and geography
Impact of COVID-19 on the market for video conferencing, and information pertaining to pandemic implications on the overall IT solutions/services industry
Country specific data and market value analysis for the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, Australia and New Zealand (ANZ)
Industry value chain analysis of the global video conferencing market
Insight into the growth development strategies of the key market players operating within the global market; their key competitive landscape and company share analysis
Company profiles descriptions of the leading market participants, including Adobe Inc., Amazon.com, Inc., Cisco Systems Inc., Huawei Technologies Co., Ltd., Microsoft Corp., Verizon Communications Inc. and Zoho Corp.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Introduction
Current Market and Future Expectations
Evolution of Video Conferencing Technology
Origin of Video Conferencing
Impact of COVID-19 on the Market for Video Conferencing
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Video Conferencing Technology Trends
Support of Artificial Intelligence (AI) and Machine Learning (ML)
Live Video Editing
Gamification Increases Engagement
Adoption of "Bring your own Devices" (BYOD)
Video Conferencing Advanced Protocols and Codecs
Protocols
Codecs
Implementation of Video Conferencing Using WebRTC
Step: 1 Checking Browser Support and Making a Request to the Signaling Server
Step: 2 Processing Interlocutor's Response
Step: 3 Video Conference Initialization
Patent Analysis
Recent Key Patents Granted
Video Conferencing Architecture
Endpoints
Video Services
Video Network Infrastructure (Call Control)
Network
Management
Some Video Conferencing Use Cases
CISCO
Zoom Video Communications Inc.
Chapter 4 Market Breakdown by Solution
Introduction
Hardware
Multi-Point Control Units (MCU)
Hard Codec
Peripheral Devices
Software
Services
Managed Services
Professional Services
Chapter 5 Market Breakdown by Organization Size
Introduction
Small and Medium Enterprises (SMEs)
Large Enterprises
Chapter 6 Market Breakdown by Deployment Mode
Introduction
On-premise
Cloud
Hybrid
Chapter 7 Market Breakdown by System
Introduction
Integrated System
Telepresence System
Desktop System
Service-based Video Conferencing Systems
Chapter 8 Market Breakdown by Application
Introduction
Corporate Communications
Training and Development
Marketing and Client Engagement
Chapter 9 Market Breakdown by End Use
Introduction
Corporate Enterprise
Government and Defense
Education
Banking, Financial Service and Insurance (BFSI)
Healthcare and Life Science
Media and Entertainment
Others
Chapter 10 Market Breakdown by Region
Total Global Value by Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Rest of Europe
Asia-Pacific
China
Australia and New Zealand (ANZ)
Japan
Rest of Asia-Pacific
Rest of the World (RoW)
Chapter 11 Competitive Landscape
Top Companies
Strategic Analysis
Key Product Launches and Developments
Key Collaborations, Partnerships and Agreements
Key Acquisitions and Expansions
Chapter 12 Company Profiles
8X8 Inc.
Adobe Inc.
Alphabet Inc. (Google Inc.)
Amazon.com, Inc.
AT&T Inc.
Avaya Inc.
Cisco Systems Inc.
Dialpad Inc.
Fuze Inc.
Huawei Technologies Co., Ltd.
Lifesize
Logitech International Sa
Logmein Inc.
Microsoft Corp.
Ooma Inc.
Plantronics Inc. (Poly)
Premium Global Services Inc.
Ringcentral Inc.
Verizon Communications Inc.
Vidyo Inc.
Zoho Corp.
Zoom Video Communications Inc.
For more information about this report visit https://www.researchandmarkets.com/r/mglnb8
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