Scope of the Study
Video conferencing is a technology that allows users in different locations to have face-to-face meetings without having to move to one location together. The technology is convenient for business users in different cities or countries as it saves time, cost, and hassle related to business travel. Video conferencing applications include holding routine meetings, negotiating deals, and holding interviews with candidates. Video conferencing devices are devices that can instantly conduct web conferencing because they contain all the necessary accessories. You can also use a computer, but you will need the correct accessories and software, such as: For example, a webcam, headset or microphone, broadband connection, monitor or other display devices, and web conferencing software. In order to ensure business continuity in the COVID-19 crisis, business associations, especially in countries that have been severely affected, allow their employees to work from home. The increase in the number of people working from home has led to an increase in the demand for online video playback, download, and communication via video conferencing, resulting in increased network traffic and data usage. COVID-19 is intended to accelerate the demand for agile and flexible work styles and to further advance the introduction of communication services that tend to improve the work-life balance.
The market study is being classified by Type (On-premise, Managed and Cloud-based), by Application (Large Enterprises and Small & Medium Enterprises) and major geographies with country level break-up.
Cisco Systems (United States), Huawei Technologies (China), West Unified Communications Services (United States), ZTE Corporation (China), Polycom, Inc. (United States), Vidyo, Inc. (United States), Adobe Systems Incorporated (United States), Microsoft Corporation (United States), Arkadin International SAS (France), Logitech International S.A. (Switzerland) and Orange Business Services (France) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Video Conferencing Equipment market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Video Conferencing Equipment market by Type, Application and Region.
On the basis of geography, the market of Video Conferencing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapidly Growing Demand for Video Communication On Account Of Globalization of Businesses
- Increasing Adoption of Technologies, Such As Facial Recognition, To Detect and Authenticate the Meeting Participants
- Increase In the Usage of Cloud-Based Solutions and the Incorporation of Virtual Reality
- Rapid Rise in the Number of Online International Workshops, Seminars, and Conferences
- Concerns Related To the Privacy and Security of Information
- Costs Associated with the Equipment Used for Video Conferencing
- Rise in the Usage of Telepresence in the Education and Healthcare Sectors
- The Monthly Subscription Model Costs
Key Target AudienceProviders of Video Conferencing Equipment, End-Users, Potential Investors, Market Research Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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