The future of the global video conferencing market looks promising with opportunities in the corporate, education, healthcare, government & defense, BFSI, and media & entertainment markets. The global video conferencing market is expected to reach an estimated $24.1 billion by 2030 with a CAGR of 13.4% from 2024 to 2030. The major drivers for this market are embracing a worldwide shift toward a flexible work environment, surging expansion of cloud-native businesses, and growing need in the healthcare and education sectors for video conferencing solutions.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the video conferencing market
by deployment (on-premise and cloud),
enterprise size (large enterprises and small and medium enterprises), end use
industry (corporate, education, healthcare, government & defense, BFSI,
media & entertainment, and others), application (consumer and enterprise), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
on-premise and cloud are the major segments of video conferencing market by
deployment .
Lucintel forecasts that
cloud is expected to witness highest growth over the forecast period due to
increased accessibility by making it simple to access video conferencing
services via a variety of media, including laptops and mobile devices.
Within this market,
corporate will remain the largest segment due to expanding customer interest in
cloud-based collaboration and communication tools
APAC is expected to
witness highest growth over the forecast period.
Avaya, Cisco Systems,
Huawei Technologies, Logitech International, Microsoft Corporation, Polycom,
and Zoom Video Communications are the major suppliers in the video conferencing
market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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