Video Conferencing Market - Forecast(2020 - 2025)

Report Code: ITR 0229 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Video Conferencing Market is forecast to reach $6.65 billion by 2025, after growing at a CAGR of 8.50% during 2020-2025. Video Conferencing is considered as visual communication session between two or more users irrespective of their location, featuring video and audio content transmission in real-time. Integration of video conferencing or online meeting tools with advanced technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) is set to drive the video conferencing industry. Growing adoption of video conferencing solutions in corporate sector and other end-user verticals such as education, healthcare, and the government will further enhance the overall demand for Video Conferencing market size during the forecast period 2020-2025.

Report Coverage

The report: “Video Conferencing Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Video Conferencing industry outlook.

Key Takeaways

  • North America dominates the Video Conferencing market owing to early adoption of advanced technologies and high fundraising from this sector.
  • Development and growing adoption of 5G technology in developed and developing countries is set to fuel the video conferencing market growth. Adoption of cloud-based deployment models make video conferencing easy to turn just about any place with an internet connection and a power outlet into a video-enabled collaboration space.
  • Increasing adoption of new technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) is another factor driving market growth.
  • Development of software and solutions such as online meeting tools and others at affordable prices and acquisition of various companies for expanding its services in various regions have been driving the Video Conferencing market growth.

Deployment - Segment Analysis

In the Deployment Type, the cloud-based deployment segment is expected to hold a larger market size than the On-Premise deployment. Cloud-based solutions offer increased convenience to end-users by enabling easy access to the video conferencing platform through multiple channels, such as laptops, tablets, and mobiles. Emerging trends such as Bring Your Own Device (BYOD) and mobile workforce have resulted in extensive adoption of cloud-based services. Increasing popularity and adoption of cloud-based solutions have resulted in the development of better encrypted and password-protected solutions. Furthermore, the increase in usage of cloud-based solutions and incorporation of virtual reality (VR) in video conferencing techniques are further driving the video conferencing solutions. Alongside this, the benefits associated with cloud models such as cost-effectiveness, scalability, and flexibility also augment the demand for cloud-based deployment.

End-Use Industry - Segment Analysis

In End Use Industry vertical, corporate sector leads the Video conferencing market as it is an effective communication tool and assists in reducing travel and operational costs for small and large-scale enterprises. In corporations, this technology is mainly used for cost-effective, real-time, and long-distance communication and for augmenting the productivity of various teams based in multiple locations. As the approach of corporate business owners with respect to modern communication systems and their implementation at the workplace changes, the deployment of video conferencing solutions for video meetings, group webinars, and enterprise-level discussions in the corporate spectrum is bound to become commonplace which will fuel the market growth.

Geography - Segment Analysis

North America dominated the Video Conferencing market with a share of around 35.49%, followed by Europe and APAC owing to increasing adoption of video conferencing systems for upgradation or replacement of systems and early adoption of advanced technologies such as IoT and AI. In 2019, StarLeaf, a leading provider of video conferencing services which is headquartered at U.K. had strengthened its presence in the U.S. with the unveiling of offices in New York City and Chicago to serve as strategic centers of support for enterprise customers. It has resulted in rapid growth in adoption of cloud-based video conferencing and increased the company’s footprint at U.S. covering organization across a wide range of sectors, thereby pushing the video conferencing market growth in North America.

Drivers – Video Conferencing Market

  • Integration with advanced technologies such Internet of Things (IoT) and Artificial Intelligence (AI) Growing demand for smartphones and increasing adoption of 4G and 5G technologies

In recent years, in some of the developed countries, video-enabled communication has become a critical component of the productivity strategy for most of the organizations. Advancements in AI improve the user experience and drive incremental efficiencies by assisting automate time-consuming collaboration tasks. Natural language processing (NLP) one of the AI technology can be used to improve video conferencing from enabling the automated transcription of the meeting, sharing actions and notes, and translating the conversation into different languages. NLP combined with AI can also enable virtual assistants and chatbots to start, join, and leave meetings through voice command. It also enables better audio quality by automatically suppressing echo and minimizing background noise. The integration of industries with IoT technology will also drive the demand for the video conferencing market. For instance, in 2017, video conferencing startup Owl Labs had raised $6 million funding by Matrix Partners. Growing funding of video conferencing startups and the innovations being brought to light are set to propel the market growth.  

  • Adoption of 4G and 5G technology set to boost the video conferencing market

The development of 4G and 5G at affordable prices has brought video conferencing to the forefront of remote working. In 2019, Ericcson and Qualcomm Incorporated had completed the first-ever live 5G video conference in India using 28 GHz spectrum. With the adoption of 5G technology, there has been an increase in network speed and bandwidth that support in high quality of video conferences. This has helped in better video conferencing quality even in remote locations, thereby driving the video conferencing market in the near future. 

Challenges – Video Conferencing Market

  • Low bandwidth and network connectivity issues hamper the video conferencing market growth

Technical issues associated with smooth transmissions that could result from software, hardware, low bandwidth or network connectivity create difficulties in video conferencing that hampers the growth of the market. Setting up video conferencing in the corporate sector can be a bit expensive for small-sized businesses or enterprises. Advanced features and capabilities have been increasing the cost and the need for training have been restraining the video conferencing market growth.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Video Conferencing market. In 2019, the market of Video Conferencing has been consolidated by the top five players - Adobe Systems Inc, Plantronics, Inc, Avaya Inc, Cisco Systems Inc, Microsoft Corporation and among others.

Acquisitions/Technology Launches

  • In January 2019, Plantronics had launched new Calisto portable USB speakerphones in order to make calls easily for mobile and remote workers. With 360 degree audio in a compact device, these devices transmit conversations with high quality audio and voice clarity even in remote locations. Adoption of such devices set to drive the video conferencing market in near future.
  • In March 2018, Plantronics had acquired video conferencing gear maker Polycom for $2 billion. This has strengthened the Plantronics video conferencing business by expanding it various countries, thereby driving the market growth.

1. Video Conferencing Market – Overview
1.1. Definitions and Scope
2. Video Conferencing Market – Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Video Conferencing Market 
3.1. Comparative Analysis 
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Video Conferencing Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Video Conferencing Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Video Conferencing Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes
7. Video Conferencing Market – Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Market life cycle
8. Video Conferencing Market – By Deployment (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Deployment Revenue and Trend Research
8.3. Deployment Segment Analysis
8.3.1. On Premise
8.3.2. Software as a Service/Cloud Based
9. Video Conferencing Market-By Technology (Market Size-$Million/$Billion)
9.1. Market Size and Market Share Analysis
9.2. Technology Revenue and Trend Research
9.3. Technology Segment Analysis
9.3.1. Telepresence Video Conferencing
9.3.2. Integrated Video Conferencing
9.3.3. Desktop Video Conferencing
9.3.4. Service Based Video Conferencing
9.3.5. Codec Based Video Conferencing
9.3.6. Others
10. Video Conferencing Market-By Component (Market Size-$Million/$Billion)
10.1. Market Size and Market Share Analysis
10.2. Component Revenue and Trend Research
10.3. Component Segment Analysis
10.3.1. Hardware
10.3.1.1. Camera
10.3.1.2. Display
10.3.1.3. Projector
10.3.1.4. Microphone/Audio Systems
10.3.1.5. Others
10.3.2. Software (Codec)
10.3.3. Services
11. Video Conferencing Market-By End User (Market Size-$Million/$Billion)
11.1. Market Size and Market Share Analysis
11.2. Application Revenue and Trend Research
11.3. Application Segment Analysis
11.3.1. BFSI
11.3.2. Government
11.3.3. Enterprise
11.3.4. Retail
11.3.5. Advertising and Marketing
11.3.6. Media and Entertainment
11.3.7. Education
11.3.8. Sports
11.3.9. Manufacturing
11.3.10. Healthcare
11.3.11. Information Technology
11.3.12. Aerospace and Defence
11.3.13. Others
12. Video Conferencing - By Geography (Market Size -$Million / $Billion)
12.1. Video Conferencing Market - North America Segment Research
12.2. North America Market Research (Million / $Billion)
12.2.1. Segment type Size and Market Size Analysis 
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. North America Device type and Application Market Size
12.2.6. U.S.
12.2.7. Canada 
12.2.8. Mexico 
12.3. Video Conferencing - South America Segment Research
12.4. South America Market Research (Market Size -$Million / $Billion)
12.4.1. Segment type Size and Market Size Analysis 
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. South America Device type and Application Market Size
12.4.6. Brazil  
12.4.7. Chile
12.4.8. Argentina
12.4.9. Rest of South America
12.5. Video Conferencing - Europe Segment Research
12.6. Europe Market Research (Market Size -$Million / $Billion)
12.6.1. Segment type Size and Market Size Analysis 
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. Europe Segment Device type and Application Market Size
12.6.6. U.K  
12.6.7. Germany
12.6.8. Italy
12.6.9. France
12.6.10. Spain
12.6.11. Benelux
12.6.12. Russia
12.6.13. Rest of Europe
12.7. Video Conferencing – APAC Segment Research
12.8. APAC Market Research (Market Size -$Million / $Billion)
12.8.1. Segment type Size and Market Size Analysis 
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. APAC Segment – Device type and Application Market Size
12.8.6. China 
12.8.7. Australia
12.8.8. Japan
12.8.9. South Korea
12.8.10. India
12.8.11. Rest of APAC
12.9. RoW Market Research (Market Size -$Million / $Billion)
12.9.1. Segment type Size and Market Size Analysis 
12.9.2. Revenue and Trends
12.9.3. Application Revenue and Trends by type of Application
12.9.4. Company Revenue and Product Analysis
12.9.5. RoW Segment – Device type and Application Market Size
12.9.6. Middle East
12.9.7. Africa
13. Video Conferencing Market – Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Video Conferencing Market – Industry / Segment Competition landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Region- Key companies
14.1.2. Market Share at global level- Top 10 companies
14.1.3. Best Practices for Companies
15. Video Conferencing Market – Key Company List by Country Premium
16. Video Conferencing Market – Company Analysis
16.1. Market Share, Company Revenue, Products, M&A, Developments
16.2. Company 1
16.3. Company 2
16.4. Company 3
16.5. Company 4
16.6. Company 5
16.7. Company 6
16.8. Company 7
16.9. Company 8
16.10. Company 9
16.11. Company 10 and more
 "*Financials would be provided on a best efforts basis for private companies"
17. Video Conferencing Market – Appendix
17.1. Abbreviations
17.2. Sources
18. Video Conferencing Market – Methodology
18.1. Research Methodology
18.1.1. Company Expert Interviews
18.1.2. Industry Databases
18.1.3. Associations
18.1.4. Company News
18.1.5. Company Annual Reports
18.1.6. Application Trends
18.1.7. New Products and Product database
18.1.8. Company Transcripts
18.1.9. R&D Trends
18.1.10. Key Opinion Leaders Interviews
18.1.11. Supply and Demand Trends