Video conferencing technology became an overnight sensation with the arrival of COVID-19 outbreak that led to nation-wide lockdowns. While the technology has been around since a couple of decades as a supportive tool for remote communications, it suddenly became one of the prime necessities, which continues to boost its adoption. The latest Fairfield Market Research report gives an insightful view of how the growth of global video conferencing market will unfold over 2021 – 2026. The market that was valuated at US$6.9 Bn in 2018 is all set for robust revenue growth of over 3x by 2026 end. Between 2021 and 2026, the report projects a whopping 16.6% CAGR for video conferencing market.

For more information about this report @ https://www.fairfieldmarketresearch.com/report/video-conferencing-market

5G Gives a Push to Video Conferencing

Increasing adoption of a variety of video conferencing platforms for educational, corporate, and teleconsultation communication is likely to drive market in future. Moreover, mainstreaming of telemedicine, and telehealth will work to the advantage of video conferencing market participants. The report particularly points to a host of opportunities accompanying with the strong rise and establishment of 4G and 5G technologies. While the world has been witnessing exploding demand for video apps, and data-intensive apps enabled by AR/VR technologies, 5G will gain substantial traction for more efficient connectivity, streaming, downloading, and communication. Adoption of video conferencing is thus all set to receive a strong boost with 5G infrastructure, suggests the report.

Strongest Growth Potential Prevails in Asia Pacific

Asia Pacific has been witnessing exceptional development over the recent past and one of the key factors pushing it is its growing readiness for next-gen technology adoption. The same will continue to position Asia Pacific as the top video conferencing market worldwide, led by Japan, South Korea, further followed by Australia, China, Singapore, and India. The massive workforce demanding efficient remote communication aids, and rapid expanse of 4G and 5G network connectivity are collectively projected to account for the region’s dominance in global video conferencing market. There has been remarkably surging adoption across medical facilities, hospitals, as well as all types of organisations that seek convenient and continued operations. This remains the key factor driving market growth in Asia Pacific slated for a CAGR of 18.3% through 2026.

Report Segment:

Deployment Coverage
On-Premise
Cloud
Components Coverage
Solution
Software
Hardware
Services
End-Use Coverage
Corporate Communication
Training & Development
Marketing & Client Engagement
Healthcare
Others
Geographical Coverage
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Leading Companies
Microsoft
ZOOM
CISCO
Google
Adobe
Avaya
Pexip
Enghouse Systems
Kaltura
Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Key Trends.

TABLE OF CONTENTS

1. Executive Summary
1.1. Global Video Conferencing Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations


2. Market Overview
2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.4. Value Chain Analysis
2.5. Porter’s Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents

Complete TOC..!!!

Key Market Players in Video Conferencing Landscape

Google LLC, Adobe Inc., Cisco Systems, Inc., Microsoft Corporation, Huawei Technologies Co., Ltd., Logitech International S.A., Avaya Inc., Array Telepresence Inc., and Zoom Video Communications, Inc. constitute some of the leaders in global video conferencing market. Subscription-based models have been recently picking up as a popular trend among top vendors in the video conferencing space.

While Zoom became the overnight hero amid COVID-19 pandemic situation, it has successfully retained its position as one of the most prominent and sought-after industry leaders over the recent past. Besides, some other popular platforms like Cisco Webex, and Microsoft Teams also represent a sizeable share in the corporate video conferencing market. Other virtual events continue to be held on other platforms, including Airmeet, HeySummit, Hubilo, Hopin, GoToWebinar, and BigMarker.

Video Conferencing Market Press Release: https://www.fairfieldmarketresearch.com/press-release/global-video-conferencing-market

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research

London, UK

UK +44 (0)20 30025888

USA +1 (844) 3829746 (Toll-free)

Web: https://www.fairfieldmarketresearch.com/

Email: [email protected]

Follow Us: LinkedIn