Video Conferencing Market In-Depth Outlook Size, Share & Major Stakeholders

December 31, 2024 akio01

How Big is the Video Conferencing Market?

The Global Video Conferencing Market size was valued at around USD 9.33 billion in 2023 and is estimated to grow at a CAGR of about 9.5% during the forecast period, i.e., 2024-30. The video conferencing industry is primarily driven by the growing demand for webinars and online events. Webinars and online events are being used more and more by organizations in a variety of sectors, such as marketing, professional development, and education, to interact with their target audiences, involve stakeholders, and provide material remotely. The infrastructure required to hold these events is provided by video conferencing services, which also enable features like audience polling, live streaming, and interactive Q&A sessions. The video conferencing industry has grown as a result of the growing usage of video conferencing systems for webinars and online events, which are easy to host, affordable, and accessible.

Market Statistics

Market Size in 2023: USD 9.33 billion
Market Growth Rate (CAGR): 9.5% from 2024-2030

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Video Conferencing Market Insight:

Driver-

Increasing Demand for Webinars & Online Events – The video conferencing industry is primarily fueled by the growing demand for webinars and online events. For several reasons, webinars and online events are becoming more common in a variety of industries, and video conferencing technology is essential to making these virtual meetings possible. Webinars and virtual gatherings provide enterprises with an economical and effective means of reaching a sizable audience. Conventional live events include substantial financial outlays for the rental of a location, travel costs, and planning. Businesses may hold virtual events with low overhead expenses by utilizing video conferencing services, which makes them a desirable choice for networking, training, and marketing initiatives.

Moreover, video conferencing technology is also becoming more widely used as businesses look for creative ways to interact with their audience, share material, and work remotely. This is due to the growing demand for webinars and online events. With suppliers creating cutting-edge features and solutions to satisfy the changing needs of both enterprises and consumers, it is anticipated that the size & volume of the video conferencing industry will increase as the trend toward virtual events continues to gain momentum.

Video Conferencing Market Segmentation:

The report has segmented the market into the following categories:

By Component

Hardware
- Camera
- Microphone/Headphone
- Others
Software
Services
- Professional services
- Managed services

By Deployment

On Premise
Cloud

By Application

Consumer
Enterprise
- Corporate Communications
- Learning & Development
- Client Management
- Others (Marketing, Admin, etc.)

By End-Users

IT/ITeS
Banking Finance Services & Insurance (BFSI)
Education
Healthcare
Government & Defence
Media & Entertainment
Education Institutes
Others

By Region

North America
Latin America
Europe
The Middle East & Africa
Asia-Pacific

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Competitive Landscape:

Adobe Inc.
AURA Presence, LLC.
Avaya Inc.
AWS
Cisco Systems, Inc.
Google
HP
Huawei Technologies Co., Ltd.
Logitech International S.A
LumenVox LLC
Microsoft Corporation
Plantronics, Inc.
Vidyo, Inc
West Corporation (Intrado Corporation)
Zoom Video Communications, Inc
Panasonic Corporation
Sonic Foundry Inc.
Lifesize, Inc.
BlueJeans Network
others.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Other Report:

Key Highlights of the Report:

Market Performance (2024-2030)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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