Video Conferencing Market: Industry Survey and Industry Outlook 2024 by Credence Research
As stated a new market research report published by Credence
Research “Video Conferencing (Corporate Enterprises, Healthcare, Government
& Defense, Education, Media & Entertainment and Others (Retail, Manufacturing
and Residential)) Market - Growth, Share, Opportunities, Competitive Analysis,
and Forecast 2015 - 2022”, the global video conferencing market was valued at
US$ 3,967.6 Mn in 2014 and is estimated to expand with a CAGR of 8.6% from 2015
to 2022.
Market Insights
Video conferencing refers to video communication among two or
more participants in real-time. With the rising globalization of business
organizations worldwide, need for flexible, scalable and cost effective
communication techniques has grown substantially since the past few years.
Video conferencing is a viable solution for organizations to organize online
conference thereby eliminating the costs related to traveling and
accommodation. Likewise, video conferencing acts as a boon for business
entities having multiple geographical locations requiring frequent collaboration.
Video conferencing solutions are available both; on-premise as well as
cloud-based. Video conferencing vendors also offer managed solutions with an
intent of delivering more feasible and cost-effective solution to consumers. As
a result, the market is witnessing a paradigm shift towards cloud-based
solutions due to their low costs as compared to the on-premise deployment.
Corporate enterprises and government & defense are the largest consumer
segments for these solutions. Due to growing penetration of video conferencing
solutions across these segments worldwide, advanced solutions such as high
definition (HD) video conferencing services are likely to become popular in the
coming years.
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Competitive Insights
The global video conferencing market is highly consolidated in
nature with few major players accounting for more than 60% of the total market
revenue. Major companies dominating the market include Cisco Systems, Inc.,
Polycom, Inc. and Huawei Technologies Co., Ltd. Some of the other prominent
players in the market are ZTE Corporation, Microsoft Corporation, Vidyo, Inc.
and Avaya, Inc. The market is largely technology driven and hence highly
competitive in nature. Thus, most of these players focus on offering viable and
cost-effective solutions in order to sustain in the market. As a part of
providing advanced solutions, video conferencing vendors focus on delivering
cloud-based and high quality video services.
Key Trends
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ToC:
1.
Preface
1.1. Report Scope and Description
1.2. Research Methodology
2. Executive Summary
2.1. Video Conferencing Market Industry Snapshot
3. Global Video Conferencing Market Analysis
3.1. Video Conferencing Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Restraints
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Video Conferencing Vendors
4. Global Video Conferencing Market, By Deployment Model, 2013 –
2022 (US$ Mn)
4.1. Tornado Analysis
4.2. On-premise
4.3. Cloud-based
4.4. Managed…
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