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PUBLISHER: Grand View Research | PRODUCT CODE: 1511800
PUBLISHER: Grand View Research | PRODUCT CODE: 1511800
Video Conferencing Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Deployment (On-premise, Cloud), By Enterprise Size, By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030
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Video Conferencing Market Growth & Trends:
The global video conferencing market size is anticipated to reach USD 20.02 billion by 2030, exhibiting a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. market is experiencing significant expansion, primarily driven by the widespread integration of cloud technologies and the rising preference for Video Conferencing as a Service (VCaaS). The market is further fueled by the growing popularity of globalized working models, positioning video conferencing as an essential tool for communication within numerous organizations.
The ongoing technological advancements in video conferencing are significantly driving the product demand across corporate, education, healthcare, among other verticals. For instance, in March 2024, Avaya LLC launched the Avaya Communication and Collaboration Suite that delivers seamless communication and collaboration experiences to customers, where they can connect with people and tools on a single platform, such as meet, call, chat, share files, manage tasks, and more. Such developments are fueling the video conferencing market in the coming years.
Moreover, the rising need to create a cost-effective, adaptable, and scalable communication system for better team collaboration, conversation, and decision-making is expected to have a considerable impact on industry trends in the coming years. The demand for solutions that simplify collaboration and enhance decision-making is on the rise among businesses and individuals alike. This trend is anticipated to further propel the expansion of the video conferencing market.
Video Conferencing Market Report Highlights:
- Based on deployment, the on-premise segment dominated the market in 2023, driven by industries complying with strict data security requirements, existing investments in IT infrastructure, and challenges pertaining to internet reliability, latency, and bandwidth.
- Based on components, the hardware segment dominated the market in 2023, owing to increasing adoption of endpoints, including laptops, smartphones, and desktops equipped with high-resolution cameras, speakers, and microphones.
- Based on enterprise size, the large enterprises segment dominated the market in 2023. The segment growth is attributed to the high adoption of video conferencing solutions among these enterprises for business communications across geographies.
- Based on application, the enterprise segment dominated the market in 2023, owing to the higher demand for conference video endpoints that are room-based hardware solutions deployed and configured in meeting rooms.
- Based on end use, the corporate segment dominated the market in 2023. The segment growth is attributed to the growing consumer interest in cloud-based communication and collaboration solutions.
- Based on the region, North America accounted for the highest market share in 2023.The strong presence of various major technology companies, such as Microsoft Corporation, Google LLC, Cisco Systems, Inc., etc., providing high-end collaboration tools is contributing to the market growth.
- Key market players operating in the market include Adobe Inc.; AURA Presence, LLC; Avaya LLC; Cisco Systems, Inc.; Google LLC; Huawei Technologies Co., Ltd.; Logitech International S.A.; Microsoft Corporation; Plantronics, Inc. (acquired by HP Development Company, L.P.); Enghouse Video (formerly Vidyo, Inc.); West Corporation (Intrado Life & Safety, Inc.); Zoom Video Communications, Inc.
- In April 2024, Zoom Video Communications, Inc. announced the general availability of Zoom Workplace, the company's AI-powered collaboration platform that includes new features to help users reimagine teamwork, facilitate connections, and improve productivity.
Product Code: GVR-3-68038-081-1
Table of Contents
Chapter 1 Video Conferencing Market: Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & Third-Party Perspective
- 1.3.4 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data analysis model
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Video Conferencing Market: Executive Summary
- 2.1 Video Conferencing Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
- 2.2 Global Video Conferencing Market, 2018 - 2030
- 2.2.1 Global video conferencing market, by region, 2018 - 2030
- 2.2.2 Global video conferencing market, by component, 2018 - 2030
- 2.2.2.1 Global video conferencing market, by hardware, 2018 - 2030
- 2.2.2.2 Global video conferencing market, by service, 2018 - 2030
- 2.2.3 Global video conferencing market, by deployment, 2018 - 2030
- 2.2.4 Global video conferencing market, by end-use, 2018 - 2030
- 2.2.5 Global video conferencing market, by enterprise size, 2018 - 2030
Chapter 3 Video Conferencing Market: Outlook
- 3.1 Market Size and Growth Prospects
- 3.2 Video Conferencing - Value Chain Analysis
- 3.2.1 Vendor landscape
- 3.3 Video Conferencing - Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.1.1 Growing high-speed communication infrastructure
- 3.3.1.2 Increasing adoption of video conferencing solutions by MNCs to support global operations
- 3.3.2 Market challenge analysis
- 3.3.2.1 Data security and privacy concerns
- 3.3.2.2 High acquisition and integration costs
- 3.3.1 Market driver analysis
- 3.4 Penetration and Growth Prospect Mapping
- 3.5 Business Environment Analysis Tools
- 3.5.1 PEST analysis
- 3.5.2 Porter's five forces analysis
Chapter 4. Video Conferencing Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2023 & 2030
- 4.2. Video Conferencing Market Estimates & Forecast, By Component (USD Million)
- 4.2.1. Hardware
- 4.2.1.1. Camera
- 4.2.1.2. Microphone/Headphone
- 4.2.1.3. Others
- 4.2.2. Software
- 4.2.3. Service
- 4.2.3.1. Professional Services
- 4.2.3.2. Managed Services
- 4.2.1. Hardware
Chapter 5. Video Conferencing Market: Deployment Estimates & Trend Analysis
- 5.1. Deployment Movement Analysis & Market Share, 2023 & 2030
- 5.2. Video Conferencing Market Estimates & Forecast, By Deployment (USD Million)
- 5.2.1. On-premise
- 5.2.2. Cloud
Chapter 6. Video Conferencing Market: Enterprise Size Estimates & Trend Analysis
- 6.1. Enterprise Size Movement Analysis & Market Share, 2023 & 2030
- 6.2. Video Conferencing Market Estimates & Forecast, By Enterprise Size (USD Million)
- 6.2.1. Large Enterprise
- 6.2.2. Small & Medium Enterprises (SMEs)
Chapter 7. Video Conferencing Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. Video Conferencing Market Estimates & Forecast, By Application (USD Million)
- 7.2.1. Consumer
- 7.2.2. Enterprise
Chapter 8. Video Conferencing Market: End-use Estimates & Trend Analysis
- 8.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 8.2. Video Conferencing Market Estimates & Forecast, By End-use (USD Million)
- 8.2.1. Corporate
- 8.2.2. Education
- 8.2.3. Healthcare
- 8.2.4. Government & Defense
- 8.2.5. BFSI
- 8.2.6. Media & Entertainment
- 8.2.7. Others
Chapter 9. Regional Estimates & Trend Analysis
- 9.1. Video Conferencing Market by Region, 2023 & 2030
- 9.2. North America
- 9.2.1. North America Video Conferencing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.3. Canada
- 9.3. Europe
- 9.3.1. Europe Video Conferencing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. Germany
- 9.3.3. U.K.
- 9.3.4. France
- 9.3.5. Italy
- 9.3.6. Spain
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Video Conferencing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. Japan
- 9.4.3. China
- 9.4.4. India
- 9.4.5. South Korea
- 9.5. Latin America
- 9.5.1. Latin America Video Conferencing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.3. Mexico
- 9.6. Middle East & Africa (MEA)
- 9.6.1. MEA Video Conferencing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Saudi Arabia
- 9.6.3. South Africa
Chapter 10. Video Conferencing Market - Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Company Categorization
- 10.3. Participant's Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Market Share Analysis, 2023
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.8.1. Expansion/Divestiture
- 10.8.2. Collaborations/Partnerships
- 10.8.3. New Product Launches
- 10.8.4. Research & Development
- 10.9. Company Profiles
- 10.9.1. Adobe Inc.
- 10.9.1.1. Participant's Overview
- 10.9.1.2. Financial Performance
- 10.9.1.3. Product Benchmarking
- 10.9.1.4. Recent Developments
- 10.9.2. AURA Presence, LLC
- 10.9.2.1. Participant's Overview
- 10.9.2.2. Financial Performance
- 10.9.2.3. Product Benchmarking
- 10.9.2.4. Recent Developments
- 10.9.3. Avaya LLC
- 10.9.3.1. Participant's Overview
- 10.9.3.2. Financial Performance
- 10.9.3.3. Product Benchmarking
- 10.9.3.4. Recent Developments
- 10.9.4. Cisco Systems, Inc.
- 10.9.4.1. Participant's Overview
- 10.9.4.2. Financial Performance
- 10.9.4.3. Product Benchmarking
- 10.9.4.4. Recent Developments
- 10.9.5. Google LLC
- 10.9.5.1. Participant's Overview
- 10.9.5.2. Financial Performance
- 10.9.5.3. Product Benchmarking
- 10.9.5.4. Recent Developments
- 10.9.6. Huawei Technologies Co., Ltd.
- 10.9.6.1. Participant's Overview
- 10.9.6.2. Financial Performance
- 10.9.6.3. Product Benchmarking
- 10.9.6.4. Recent Developments
- 10.9.7. Logitech International S.A.
- 10.9.7.1. Participant's Overview
- 10.9.7.2. Financial Performance
- 10.9.7.3. Product Benchmarking
- 10.9.7.4. Recent Developments
- 10.9.8. Microsoft Corporation
- 10.9.8.1. Participant's Overview
- 10.9.8.2. Financial Performance
- 10.9.8.3. Product Benchmarking
- 10.9.8.4. Recent Developments
- 10.9.9. Plantronics, Inc. (acquired by HP Development Company, L.P.)
- 10.9.9.1. Participant's Overview
- 10.9.9.2. Financial Performance
- 10.9.9.3. Product Benchmarking
- 10.9.9.4. Recent Developments
- 10.9.10. Enghouse Video (formerly Vidyo, Inc.)
- 10.9.10.1. Participant's Overview
- 10.9.10.2. Financial Performance
- 10.9.10.3. Product Benchmarking
- 10.9.10.4. Recent Developments
- 10.9.11. West Corporation (Intrado Life & Safety, Inc.)
- 10.9.11.1. Participant's Overview
- 10.9.11.2. Financial Performance
- 10.9.11.3. Product Benchmarking
- 10.9.11.4. Recent Developments
- 10.9.12. Zoom Video Communications, Inc.
- 10.9.12.1. Participant's Overview
- 10.9.12.2. Financial Performance
- 10.9.12.3. Product Benchmarking
- 10.9.12.4. Recent Developments
- 10.9.1. Adobe Inc.
Product Code: GVR-3-68038-081-1
List of Tables
- Table 1 Video Conferencing Market - Key Market Driver Impact
- Table 2 Video Conferencing Market - Key Market Restraint Impact
- Table 3 Video Conferencing Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
- Table 4 Video Conferencing Market Revenue Estimates and Forecast, By Deployment, 2018 - 2030 (USD Million)
- Table 5 Video Conferencing Market Revenue Estimates and Forecast, By Enterprise Size, 2018 - 2030 (USD Million)
- Table 6 Video Conferencing Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 7 Video Conferencing Market Revenue Estimates and Forecast, By End-use, 2018 - 2030 (USD Million)
- Table 8 Recent Developments & Impact Analysis, By Key Market Participants
- Table 9 Company Heat Map Analysis
- Table 10 Key companies undergoing expansions/divestitures.
- Table 11 Key Companies undergoing collaborations.
- Table 12 Key companies launching new products
- Table 13 Key companies engaged in research & development
List of Figures
- Fig. 1 Video Conferencing Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/3)
- Fig. 8 Segment Snapshot (2/3)
- Fig. 9 Segment Snapshot (3/3)
- Fig. 10 Competitive Landscape Snapshot
- Fig. 11 Video Conferencing Market Value, 2023 & 2030 (USD Million)
- Fig. 12 Industry Value Chain Analysis
- Fig. 13 Market Dynamics
- Fig. 14 Global internet penetration, by region, 2023 (%)
- Fig. 15 PORTER's Analysis
- Fig. 16 PESTEL Analysis
- Fig. 17 Video conferencing market, by component, key takeaways
- Fig. 18 Video conferencing market, by component: market share, 2023 & 2030
- Fig. 19 Hardware market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Camera market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Microphone/headphone market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Others market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Software market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Service market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Professional services market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Managed services market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Video conferencing market, by deployment, key takeaways
- Fig. 28 Video conferencing market, by deployment: market share, 2023 & 2030
- Fig. 29 On-premise market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Cloud communication market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Video conferencing market, by enterprise size, key takeaways
- Fig. 32 Video conferencing market, by enterprise size: market share, 2023 & 2030
- Fig. 33 Large enterprises market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 34 SMEs market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Video conferencing market, by application, key takeaways
- Fig. 36 Video conferencing market, by application: market share, 2023 & 2030
- Fig. 37 Consumer market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Enterprise market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Video conferencing market, by end use, key takeaways
- Fig. 40 Video conferencing market, by end-use: market share, 2023 & 2030
- Fig. 41 Corporate management market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Education market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Healthcare market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Government & defense market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 45 BFSI market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 46 Media & entertainment market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Others market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Video conferencing market revenue, by region, 2023 & 2030 (USD Million)
- Fig. 49 Regional marketplace: Key takeaways (1/2)
- Fig. 50 Regional marketplace: Key takeaways (2/2)
- Fig. 51 North America Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 52 U.S. Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 53 Canada Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 54 Europe Video Conferencing Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 55 U.K. Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 56 Germany Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 57 France Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 58 Italy Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 59 Spain Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 60 Asia Pacific Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 61 China Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 62 Japan Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 63 India Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 64 South Korea Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 65 Latin America Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 66 Brazil Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 67 Mexico Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 68 MEA Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 69 Saudi Arabia Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 70 South Africa Video conferencing market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 71 Key Company Categorization
- Fig. 72 Company Market Share Analysis, 2023
- Fig. 73 Strategic Framework
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