Video Conferencing Market: Structure and Overview of Key Industry

1. Video Conferencing MarketIncreasing adoption of cloud-based video conferencing services fuel the demand The video conferencing market is witnessing significant growth owing to the rising adoption of cloud-based video conferencing solutions globally. Increasing adoption of cloud-based video conferencing services has led to implementation of better encryption and password protected solutions for cloud-based video conferencing systems across the world. Furthermore, rise in usage of cloud-based solutions and emergence of 3D technology in video conferencing solutions are a major factor accelerating the demand for this solution globally. ©2019 Transparency Market Research, All Rights Reserved

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3. Key Players in the Report: The Video Conferencing Marketis concentrated in nature with leading players such as • Adobe Systems Incorporated • ArkadinCloud Communications • JOYCE CR • S.R.O. • Logitech International S.A. • Microsoft Corporation • Orange Business Services • Vidyo, Inc. • West Unified Communications Services

4. Report Highlights • Video conferencing refers to conducting conference using telecommunication technologies for a real-time two-way transmission of audio and video. With rise in globalization, organizations are shifting toward videoconference meetings so as to enable faster decision making and reduce travel hassles.  • Video conferencing is a common technology tool used by enterprises for enhanced collaboration. Additionally, organizations are increasingly focusing on curtailing costs related to their means of communication. This has created immense opportunities for the video conferencing market, thereby, leading to development of advanced conferencing solutions and services.  • Theglobal video conferencing market was valued at US$ 5,039.8 Mn in 2016 and is expected to expand at a CAGR of 7.9% from 2018 to 2026 to reach US$ 10,520.6 Mn by the end of the forecast period.  Request Sample of Report

5. The global video conferencing market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors.  • Asia Pacific is likely to continue to be at the forefront of global demand, with the market in the region expected to expand at a rapid pace throughout the forecast period. • High-priced end-points, including high definition (HD) displays, cameras, and microphones and dedicated video conferencing networks have contributed to a significant proportion of the overall revenue of the video conferencing market.

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