According to the current analysis of Reports and Data, the video conferencing market was valued
at USD 3,702.80 Million in 2018 and is expected to reach USD 8,449.26 Million by the year 2026, at a CAGR of 11%. Video conferencing market research study offers an all-inclusive analysis of the revenue generated by the video conferencing vendors locally and globally. It includes the analysis of key strategies, business models, geographic presence, market dynamics, industry outlook, competitive landscape, and video conferencing market revenue for all segments. The study provides an overall insight into the factors responsible for the growth in the video conferencing market. The factors driving the video conferencing market are the growing communication infrastructure supporting high speed data, increasing enterprise mobility and BYOD, increased adoption of video conferencing in enterprises to support off-shore operations, and advancements in 4G and 5G technology.

Owing to rising urbanization, globalization, and digitalization across the world, the enterprises from all the industry are implementing the video conferencing solutions to manage and communicate with the off-shore business activities, which are expected to supplement the growth of video conferencing market. An increasing number of key players are partnering up with the major core companies in the above sectors to provide superior and more efficient customer engagement to help them grow their business as well as redefine experiences for the learners. The telecom and IT corporate end-user is estimated to hold the largest video conferencing market size in 2018. Business in the IT software and technology industry face the need of advanced communication solutions as a major part of the business is outsources to some other geography. Due to the highly competitive nature and ever changing technology in the IT industry to maintain a competitive edge over the competitors the enterprises have implemented the solutions to increase employee productivity. The video conferencing market presents several opportunities for the vendors due increasing communication infrastructure, increasing standards of living in developing countries. The growth of video conferencing market is expected to be restrained due data security and privacy concerns and growing unethical activities.

It is anticipated that extensive research and development funded by various companies, along with the enhancements of the cloud computing services would help in overcoming this challenge and convert it into an opportunity for the video conferencing market to thrive upon. Video calling, audio calling, file sharing, text chat, scheduling, presentation, document sharing, and screen sharing tools are the key benefits offered by the video conferencing solutions. The ecosystem of the video conferencing market comprises of several small and large enterprises. These players are developing in house solutions by spending a larger share of revenue in the innovation of the products.

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The report is also inclusive of the financial scenario of the leading companies such as profit margins, revenue contribution, growth rate, sales volume, manufacturing and production costs, and other key statistics. The report offers a thorough analysis of the financial standing, global position, product portfolio and business expansion plans. The report also provides SWOT analysis and Porter’s Five Forces analysis for each market player.

Further key findings from the report suggest
The video conferencing market is forecasted to grow at a CAGR of 9% in Asia Pacific due to the rapid industrialization, urbanization, and digitalization of the developing countries and the increased use of digital communication in developing countries such as India, China, and Singapore.
Global modernization and emergence of technologies like the AI and ML, IoT, has increased the use of electronic devices like smartphones, tablets, and laptops in the communication industry which is expected to increase the use of video conferencing and expand its market size.
The cloud deployment model is expected to dominate the video conferencing market owing to its low-cost implementation and flexible subscription models suitable for the end-users.
The large enterprises are estimated to hold the larger market share in the organization size of the video conferencing due to the increasing use of these solutions to enable remote workplace and distance working capabilities.
The telecom and IT is estimated to be the fastest growing segment in the corporate end-user due to the increasing use of video conferencing solutions for training and learning of the resources to keep them technologically updated.
The vendors in the video conferencing market have adopted various strategies to increase the product ecosystem and gain a competitive edge over its competitors. For instance, Cisco’s partnership with Adelboden Tourist Center to offer Cisco Webex Collaboration, Cisco Meraki Wireless, and Security solutions for collabration
Key participants include Cisco Systems, Microsoft Corporation, Avaya, Inc., Adobe Systems, ZTE Corporation, NTT Communications Corporation, Lifesize, BT Conferencing, , Visions Connected Netherlands BV, Level 3 Communications, LLC, Vidyo, Inc Pty Limited, Polycom Inc., and Singtel Optus.

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The report focuses on evaluation of the given market in major regions and the countries included in those regions. The report provides details of the market considering the geographical landscape that includes North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.The report covers assessment of revenue estimations and shares, current market value, future market valuation, market share, revenue growth and market size in each region. It studies production and consumption patterns, import/export, supply and demand ratio, consumer behavior shift, current and emerging trends, and initiatives taken by the key players in each major region.
North America (U.S.A., Canada)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Video Conferencing Market Segmentation by:

Component type (Revenue in USD Million; 2016–2026)
Solution
Services
Professional Services
System Integration and deployment
Technical Support
Managed

Deployment type (Revenue in USD Million; 2016–2026)
Cloud
On-premise
Managed

Organization Size (Revenue in USD Million; 2016–2026)
Large Enterprise
Small and Medium Enterprise

End-User (Revenue in USD Million; 2016–2026)
Banking, Financial Service and Insurance
Telecom and IT
Consumer Goods and Retail
Healthcare
Public Sector and Utilities
Education
Travel and Hospitality
Other

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Key Features of the Video Conferencing Market Report:
A comprehensive 8 year forecast of the market and its expected growth rate and trends
Analysis of key market drivers and restraining factors
Comprehensive analysis of the key regions of the industry and provides SWOT analysis and Porter’s Five Forces analysis to impart a deeper understanding of the market
Helps in formulating strategic business decisions and investments plans
Strategic recommendations to the established companies and new entrants
Statistical data organized into tables, charts, graphs, diagrams, and info graphics
Includes complete coverage of recent R&D advancements, product launches, and mergers and acquisitions, among others

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