Global Video Conferencing Market Size By 2030

1.     +1 217 636 3356 +44 20 3289 9440 sales@mobilityforesights.com    Your Cart 0   Company Market Reports Consumer Research Advisory Services Exports - Imports Careers Contact Us Blog Your cart is empty Your Name Return to Shop Business Email Global Video Conferencing Market 2024-2030 Country Phone Number +82 Company Name Single User License : $ 3,500 Your message Corporate User License : $ 6,000 By submitting this form, you are agreeing to the  Request Sample Terms of Use and Privacy Policy. I'm not a robot reCAPTCHA Privacy - Terms BUY NOW DOWNLOAD SAMPLE DESCRIPTION TABLE OF CONTENTS VIDEO CONFERENCING MARKET KEY FINDINGS 1. The Video conferencing market subscriber base is expected to reach 1.1 Billion users by the end 2030 and APAC will account for the maximum number of subscribers 2. In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2023-2030 3. The growth in revenue is lesser as compared to the subscriber base in 2022-2025 because the market will become more fragmented and the average price will go down 4. Education segment is forecast to become a $3.5 Billion market by 2030 in terms of revenue and reach 295 Million in terms of subscribers 5. GoTo Meeting, Cisco Webex, Microsoft teams and Zoom are forecasted to remain the biggest players in terms of revenue as well as subscriber base in 2022. Cisco and Zoom will grow more than GoTo Meeting. 6. Zoom is forecast to be the fastest growing company with 252% revenue growth by 2022, Cisco is also forecast to grow by more than 200% by 2021 due to the impact of COVID-19. INTRODUCTION The video conferencing was a small on a small scale and very much present in the business and corporate sector. But the pandemic outbreak resulted in lockdown not only increased the presence globally but also expanded the area of presence of these applications to education sector as well. The unprecedented increase in the remote working due to pandemic outbreak the video conferencing sector has benefitted immensely. We use cookies to understand site usage and improve content and offerings on our site. To learn more, refer to our Privacy Policy. By continuing to use this site, or closing this box, 0  Learn more you consent to our use of cookies. Got it! Send message Continue Shopping VIDEO CONFERENCING MARKET SEGMENTATION Video Conferencing Market By Application Work Meeting Education Government Healthcare Others Video Conferencing Market By Enterprise size Small and Medium Large Video Conferencing Market By Geography North America Europe APAC ROW VIDEO CONFERENCING MARKET DYNAMICS SI No Timeline Company Developments Cisco opened a new Open and Collaboration Center in Atlanta 1 October 2021 Cisco thereby opening further 700 jobs. Deutsche Telekom and Cisco partnered in order to deliver faster 2 October 2021 Cisco internet thereby connecting more people in Europe. Cisco partnered with Brunswick and CyberNB in order to launch a 3 June 2021 Cisco cyber security curriculum for the students. Even though the lockdown is lifted in many countries the ‘work from home’ has continued to be the go to option for the companies and this will continue the growth in the online video conferencing market as the meetings form important part of the job.

2. Due to schools and colleges being shutdown, apart from the working professionals the video conferencing applications are now extensively used by the educational institutions to conduct the online classes. Also, to promote the new products various brands and companies from various fields are launching their new products and services via webinars or video conferences. US VIDEO CONFERENCING MARKET USA has given rise to various video conferencing platforms and has been the market leader with most number of platforms. The Zoom application in the country is leading the market share distant ahead of other competitors GoTOWebinar and Webex. The below graph shows the share of various video conferencing platforms: EUROPE VIDEO CONFERENCING MARKET Many local developers have come out with the video conferencing application, one such is Pexip a Norwegian company which has raised 92.55 million Euros has been the serious competitor to US platforms. Video conference service provider StarLeaf in UK alone has witnessed an increase in daily call minutes by 947%. CHINA VIDEO CONFERENCING MARKET Zoom’s move to suspend the hosting services to Chinese individuals will give rise to the growth of domestic application developers such as Tencent and Alibaba group. The various other features in Dingtalk and Tencent applications such as document sharing has helped these applications to be the primary choice for the public to choose among the different conferencing apps. JD the latest entrant to the Chinese video conferencing market has launched a new application called JoyMeeting into already crowded Chinese market with other various domestic platforms including ByteDance. INDIA VIDEO CONFERENCING MARKET The launch of Indian applications such as VideoMeet from Data Ingenious Global and Greet has paved way for domestic st developers. In India the government has extended the work from home option for IT companies in the country till July 31 . IT ministry in India has invited 10 start-ups to develop an indigenous video conferencing solutions after terming Zoom application as unsafe citing privacy and security reasons. VIDEO CONFERENCING MARKET SIZE AND FORECAST Asus computer and phone hardware company, is making efforts to promote the video conferencing in the current conditions by launching the “Google Meet hardware kit” in partnership with Google. The kit comprised of a 4k camera, speaker with built- in microphone and an Asus laptop. The product is targeted towards corporate customers.

3. To take the video conferencing out of a room and to be made available on the move, Tesla’s CEO Elon Musk has announced the video conferencing feature will be feature in the upcoming vehicles. LATEST TRENDS IN THE VIDEO CONFERENCING MARKET SI No Timeline Company Trends HP launched the new HP presence portfolio which is a simple 1 October 2021 HP video conferencing with new cameras, sensors and audio components. Brave launched the new Brave Talk which is used for Private 2 September 2021 Brave and preserved Video Conferencing. Zoom revealed the plans for innovations in today’s working 3 September 2021 Zoom environments to ignite a new era of connection and collaboration. Cisco revealed the Vidcast which is an asynchronous video 4 August 2021 Cisco solution to increase productivity and provide flexibility in the Workday. Logitech released the new Logitech Rally Bar which is the 5 January 2021 Logitech video conferencing product used in Microsoft Teams and Zoom. Reliance Jio is expected to launch new video conferencing application JioMeet. Icewarp US based software company has extended its services to video conferencing solutions. Verizon has completed the acquisition of teleconferencing application BlueJeans Netrwork Bangalore based firm Kredily has launched a new platform for conferencing called ‘Greet’. Norway based Pexip has witness a 50% increase in the annual recurring revenue during the first quarter of 2020. Kenyan start-up Usiku Games has developed Africa’s first ever video conferencing platform called Gumzo. Tencent has launched its video conferencing app VooV in India region. HCL’s Zoho and Hyderabad based PeopleLink are among the 10 selected by the government to develop a made-in- India video conferencing solution. Some of the other Zoom has witnessed a huge spike in daily meetings participants compared to last December, from 10 million participants to 300 million participants in April 2020 about 30 times increase in number. Dingtalk a Alibaba’s subsidiary announced the platform is used by almost 120 million students and 10 million business across China. VIDEO CONFERENCING MARKET COMPETITIVE LANDSCAPE SI No Timeline Company Sales The revenue of Zoom at the end of the third quarter was $1.05 billion 1 Q3-2021 Zoom and in 2020 the revenue was $777.1 million. The revenue of Cisco at the end of the first quarter of FY-2022 was 2 Q1 FY-2022 Cisco $12.9 billion and in the previous year the revenue was $11.9 billion. Microsoft has reported its revenue at the end of the first quarter of 3 Q1 FY-2022 Microsoft 2022 was $45 billion with an increase of 22% from the previous year. At the end of the third quarter the revenue of Kaltura was $43 million 4 Q3-2021 Kaltura and in 2020 the revenue was $30.6 million. Cisco has completed the acquisition of Socio Labs Inc in order to 5 July 2021 Cisco offer beyond meetings, webinars and webcasts. 6 July 2021 Zoom Zoom has decided to acquire Five9 for approximately $14.7 billion. Cisco has completed the acquisition of Acacia Communications Inc 7 March 2021 Cisco in order to enable them in the scale of modern IT. Some of the leading platforms from US are Google’s Meet, Zoom, Microsoft Teams, Cisco’s Webex, Katura, BlueJeans and Icewarp. The Chinese based video conferencing platforms are Tencent Meeting, Dingtalk and Feishu Meeting from ByteDance. Some of the Indian based companies trying to take on foreign video conference tools are Aria Telecom, Zoho, CyberHorizon Corp, Darsh Instrive Softlabs, PeopleLink Unified Communications and Data Ingenious. Cisco was the second biggest company after GoTo meeting in 2020 in terms of revenue and it was the biggest company in terms of subscriber base.In April 2020, Cisco Webex Hosted 20 Billion Meeting Minutes. In Q4-2020,Zoom`s combined APAC and EMEA revenue grew 84% year-over-year and represented approximately 20% of revenue. Revenue from the Americas was up 77% year-over-year and represented approximately 80% of revenue. In June 2020, the company became even more valuable than Ebay. VIDEO CONFERENCING MARKET NEW TECHNOLOGY Microsoft launched a real-time voice translation feature in Skype using AI.The new translation feature uses AI to automatically detect the languages being spoken during a video call and translate them in real time. Microsoft has announced the availability of real-time voice translation in Skype, which can now translate a person’s speech in

4. real-time using Artificial Intelligence (AI) to make the translated voice sound similar to the original speaker.According to the blog post, group video conversations and telephony will soon include real-time translations with genuine voice. With the use of artificial intelligence, the new translation tool can now instantly translate the languages being used during a video conference. To do this, spoken words are understood, interpreted, and translated using a combination of voice recognition technology and natural language processing. In addition, the business claims that if customers enable the usage of their real voice, they would utilise AI to sample their words and customise the translation to sound like them, making the discussion more human. VIDEO CONFERENCING MARKET COMPANY PROFILE 1. Zoom 2. Google Meet 3. Microsoft 4. Cisco Systems 5. Verizon 6. HCL 7. Reliance Indistries 8. Icewarp 9. Kredily 10. ByteDance 11. Alibaba Group 12. Tencent 13. Kaltura 14. WebinarJam THIS VIDEO CONFERENCING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS 1. Video Conferencing Market size and Forecast, by region, by application 2. Average B-2-B price for Video Conferencing Market, by region, per user 3. Technology trends and related opportunity for new Video Conferencing Market tech suppliers 4. Video Conferencing Market share of leading vendors, by region, 5. Coronavirus impact on Video Conferencing Market earnings RELATED REPORTS MARKET REPORTS CONSUMER RESEARCH INFORMATION ADVISORY SERVICES CONTACT INFORMATION  172/1, 2nd Floor, 5th Main, 9th Cross Rd, Opposite to Kairalee Nikethan Education Trust, Indira Nagar 1st Stage, Bengaluru, Karnataka 560038, INDIA  +1 217 636 3356, +44 20 3289 9440  sales@mobilityforesights.com Working Hours: Mon - Fri (9 AM - 9 PM IST) Connect with us     © Copyright 2017-2023. Mobility Foresights. All Rights Reserved.