Global Video Conferencing Market Overview:
Video Conferencing Services allows the consumers to send and receive audio or video signals through the internet to convey the people on distinct sites together. The video conferencing which is also named as VC provides the new way of communication that is also known as the video tel-conference or the video conference. The service can be provided with the help of two-way video and audio transmissions. It permits two or more sites to interconnect by real-time two-way video and audio broadcasts. Some of the key players profiled in the study are Adobe Systems Incorporated (United States), Arkadin Cloud Communications (France), JOYCE CR Ltd. (Czech Republic), Logitech International S.A. (Switzerland), Microsoft Corporation (United States), Orange Business Services (France), Vidyo, Inc. (United States), West Unified Communications Services (United States), ZTE Corporation (China) and Cisco Systems (United States). According to Market Analyst at AMA, the Global Video Conferencing market may see a growth rate of 7.82% and would reach the market size of USD1.1 Billion by 2024.
On the basis of geography, the market of Video Conferencing 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). Europe region held largest market share in the year 2018.
- Ease of Remote Administration and Inspection
- Introduction to High Capability Broadband Services
- Number of Players are Focusing on Technological Developments and Building Cloud Based Applications
- Introduction to Advanced Software as well as Integration of Newly Adopted Technologies
- Lack of Internet Connectivity in Underdeveloped Regions
- Volatility in Video Conferencing Software Platforms
- Rising Instances of Strategic Alliances across the Globe
- Introduction to Mobile Video Conferencing Applications
- Prerequisites of Better Internet Connectivity and Conferencing Platforms
In January 2018, Polycom has announced that it has completed an acquisition of Obihai Technology, a company that develops software and hardware for VoIP endpoints. This acquisition will allow Polycom to compete more effectively in the global voice market and expand its product portfolio to include complementary technologies.
“Department of Information Resources (DIR) has issued guidelines to offer operational and technical assistance for governmental bodies. DIR is required by Section 551.127, Texas Government Code, to specify minimum standards for audio and video signals at a meeting held by videoconference call. The respective Act provides technical and operational standards and recommendations to support 1TAC 209 as well as minimum standards for meetings held by videoconference. Video and audio recordings that meet the International Telecommunications Union (ITU) standards are of reasonable quality for the purposes of House Bill 283, 84th Legislature, 2015.”
Target Audience:Video Conferencing Software Providers, Video Conferencing Hardware Manufacturers, Video Conferencing System Distributors and Traders, Private Industry Associations, Government Agencies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Video Conferencing market on the basis of product [Room-Based, Telepresence and Desktop] , application [Corporate Enterprise, Education, Government, Healthcare and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Video Conferencing market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Video Conferencing industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Highfive (United States), Zoho Corporation Pvt. Ltd. (United States) and LogMeIn, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Video Conferencing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.