PUBLISHER: The Business Research Company | PRODUCT CODE: 1678609
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678609
Video conferencing is an online technology enabling face-to-face meetings among users in different locations, enhancing productivity, reducing travel costs, and fostering collaboration.
The video conferencing market discussed in this report is categorized based on conference type, comprising telepresence, integrated, desktop, and service-based video conferencing systems. It is further classified by deployment options, distinguishing between cloud-based and on-premises solutions. The segmentation also considers enterprise size, targeting both small and medium enterprises (SMEs) as well as large enterprises (LEs). Additionally, the market is segmented by end-use, encompassing corporate entities, educational institutions, BFSI (Banking, Financial Services, and Insurance) sectors, media and entertainment industries, government and defense sectors, and other miscellaneous sectors.
The video conferencing market research report is one of a series of new reports from The Business Research Company that provides video conferencing market statistics, including video conferencing industry global market size, regional shares, competitors with a video conferencing market share, detailed video conferencing market segments, market trends and opportunities, and any further data you may need to thrive in the video conferencing industry. This video conferencing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The video conferencing market size has grown strongly in recent years. It will grow from $7.45 billion in 2024 to $8.02 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to business travel cost reduction, demand for real-time communication, need for flexible work environments, focus on environmental sustainability.
The video conferencing market size is expected to see rapid growth in the next few years. It will grow to $12.32 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to rise in hybrid work models, security and compliance considerations, customization for industry-specific needs, advanced meeting analytics and insights. Major trends in the forecast period include environmental sustainability initiatives, collaboration ecosystem integration, facial recognition and emotion analysis, inclusive features for accessibility, blockchain for secure identity verification.
The video conferencing market is experiencing growth due to the advent of 5G technology. 5G's faster networks and higher frequency bands significantly enhance video conferencing, offering top-quality calls in HD or 3D without interruptions. With the projected 65% global coverage of 5G by 2025, remote work and high-quality video conferences are set to be more accessible, fostering the growth of the video conferencing market.
Rising cloud adoption is expected to propel the growth of the video conferencing market during the forecast period. The term 'cloud' refers to a network of remote servers hosted on the Internet that store, manage, and deliver data, applications, and services to users and organizations. Video conferencing plays a crucial role in promoting the adoption of cloud services by seamlessly integrating collaborative communication solutions and facilitating the transition to cloud-based platforms. For instance, in June 2024, the AAG report on cloud computing revealed that Public Cloud Platform-as-a-Service (PaaS) revenue reached $111 billion, with the cloud market projected to grow to $376.36 billion by 2029. Additionally, an estimated 200 zettabytes (2 billion terabytes) are expected to be stored in the cloud by 2025. Therefore, the rising adoption of cloud services is driving the growth of the video conferencing market.
An emerging trend in the video conferencing market is the incorporation of gamification to enhance corporate video meetings. Companies are integrating gamification elements-such as task assignments, points, and rewards-to foster employee engagement and boost productivity. Meta Platforms, Inc.'s September 2023 launch of Meta Quest 3-a mixed reality headset catering to virtual meetings and collaborative activities-illustrates the industry's pursuit of innovative solutions for immersive experiences.
In the realm of video conferencing, leading companies are dedicated to pioneering novel solutions, exemplified by the creation of a multi-camera ecosystem. This innovative system comprises interconnected cameras collaborating to capture diverse perspectives, exemplified by Owl Labs' March 2023 launch of the Owl Bar. This AI-powered ecosystem enhances hybrid meetings with automatic speaker framing, wireless connectivity, and seamless integration with major conferencing platforms. The device's synergy with other Owl Labs products improves non-verbal communication cues, significantly elevating the user experience to meet evolving market needs.
In August 2022, HP Inc., a US-based technology company, completed the acquisition of Poly Inc., a major developer of communication and collaboration technology. This $3.3 billion acquisition, encompassing Poly's debt, significantly bolsters HP's position in the video conferencing market. The acquisition is poised to provide an extended range of hybrid work solutions, advanced video conferencing capabilities, and cross-selling opportunities, enabling HP to scale efficiencies and bolster its market presence.
Major companies operating in the video conferencing market include Alphabet Inc., Microsoft Corporation, Verizon Communication Inc., Facebook Inc., Huawei Technologies Co Ltd., Panasonic Corporation, Cisco Systems Inc., McDonald's Corporation, Bharti Airtel Ltd., ZTE Corporation, Adobe Systems Incorporated, Reliance Jio Infocomm Limited, Logitech International S.A., Zoom Video Communication Inc., Atlassian Corporation plc, Avaya Inc., Axis Communications AB, West Corporation, LogMeIn Inc., Poly Co, Lifesize Inc., Premiere Global Services Inc.,., Kudo Inc., Vidyo Inc., Blue Jeans Network Inc., Starleaf Ltd., Owl Labs Inc., ezTalks Technology Co Ltd., 100ms Inc., Livestorm SAS, Visual Systems Group Inc.
North America was the largest region in the video conferencing market in 2024. The regions covered in the video conferencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the video conferencing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The video conferencing market includes revenues earned by entities by streaming videos, sharing screen, hosting meetings, and integrating with online calendar or email client. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Video Conferencing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on video conferencing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for video conferencing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The video conferencing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.