North America Video Conferencing Market Report 2020: Market was Valued at US$ 2,029.8 Million in 2019 and is Projected to Reach US$ 3,180.3 Million by 2027

Dublin, Nov. 09, 2020 (GLOBE NEWSWIRE) -- The "North America Video Conferencing Market Forecast to 2027- Covid-19 Impact and Analysis- by Type; Deployment; Industry Vertical, and Country" report has been added to ResearchAndMarkets.com's offering.

The Video Conferencing Market in North America was valued at US$ 2,029.8 million in 2019 and is projected to reach US$ 3,180.3 million by 2027; it is expected to grow at a CAGR of 5.2% from 2020 to 2027.

North America being economically advanced region, is on the surge of implementation of upcoming technologies among the large enterprises as well as SMEs, as these enterprises are open for adopting new emerging technologies with an objective to gain larger customer base and market share. Additionally, several organizations are investing lump sum amounts toward transformation of their workspaces with digital technologies, which is expected to drive the growth of Video Conferencing Market. The transformation of conventional workspace to digital workspace is majorly seen in the US, followed by Canada and Mexico.

The enterprises in the North American region especially the US and Canada are well-aware of the benefits of video conferencing solutions available in the market. Pertaining to this, the large enterprises as well as SMEs continue to procure audio-visual over IP solutions, which catalyze the growth of the market. Although, the large enterprises in the Mexico are aware of the benefits, the SMEs in the country still lag behind in implementing the same. The rising capital investments among the Mexican SMEs is foreseen to create lucrative video conferencing demand in the country.

The U.S has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the ICT industry in the region as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth. Coordination with the employees and availability of advanced telecommunication infrastructure is the key factor creating the demand for video conferencing solution during the pandemic in North America region.

Adobe Inc., Google LLC, Microsoft Corporation, and Zoom Video Communications, Inc. are among the players present in the North America Video Conferencing Market.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Video Conferencing Market Landscape
4.1 Market Overview
4.1.1 North America
4.2 Ecosystem Analysis

5. Video Conferencing Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Accentuating Demand from Small and Medium Enterprises
5.1.2 Increasing Adoption of Advanced Technology in Educational and Healthcare Sectors
5.2 Market Restraints
5.2.1 Cyber-attacks Pose a Critical Challenge
5.2.2 Weak Network Infrastructure in Various Developing Countries
5.3 Market Opportunities
5.3.1 US and Canada End Users to Stimulate the Demand
5.4 Future Trends
5.4.1 Commercialization of 5G to Revolutionize the Demand
5.5 Impact Analysis of Drivers And Restraints

6. Video Conferencing Market - North America Market Analysis
6.1 Video Conferencing Market Overview
6.2 Video Conferencing Market -Revenue and Forecast to 2027 (US$ Million)

7. Video Conferencing Market Analysis - By Type
7.1 Overview
7.2 Video Conferencing Market, By Type (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.1.1 Hardware: Video Conferencing Market - Revenue, and Forecast to 2027 (US$ Million)
7.4 Software
7.5 Services

8. Video Conferencing Market Analysis - By Deployment
8.1 Overview
8.2 Video Conferencing Market, By Deployment (2019 and 2027)
8.3 Cloud
8.3.1 Overview
8.3.1.1 Cloud: Video Conferencing Market - Revenue, and Forecast to 2027 (US$ Million)
8.4 On-Premise
8.5 Hybrid

9. Video Conferencing Market Analysis - By Industry Vertical
9.1 Overview
9.2 Video Conferencing Market, By Industry Vertical (2019 and 2027)
9.3 Corporate Enterprises
9.3.1 Overview
9.3.1.1 Corporate Enterprises: Video Conferencing Market - Revenue, and Forecast to 2027 (US$ Million)
9.4 Government& Defense
9.5 Healthcare
9.6 Education
9.7 Manufacturing

10. North America Video Conferencing Market - Country Analysis
10.1 North America: Video Conferencing Market
10.1.1 North America: Video Conferencing Market, by Key Country
10.1.1.1 US: Video Conferencing Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Video Conferencing Market, by Type
10.1.1.1.2 US: Video Conferencing Market, by Deployment
10.1.1.1.3 US: Video Conferencing Market, by Industry Vertical
10.1.1.2 Canada: Video Conferencing Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3 Mexico: Video Conferencing Market - Revenue and Forecast to 2027 (US$ Million)

11. Impact of COVID-19 Pandemic On North America Video Conferencing Market
11.1 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development

13. Company Profiles
13.1 Key Facts
13.2 Business Description
13.3 Products and Services
13.4 Financial Overview
13.5 SWOT Analysis
13.6 Key Developments

• Adobe Inc.

• Amazon

• Brother International Corporation

• Cisco Systems, Inc.

• Facebook, Inc.

• Google LLC

• Microsoft Corporation

• TeamViewer GmbH

• Zoho Corporation

• Zoom Video Communications, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/3af22l

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