Video Conferencing Market Analysis, Size, Market share, Growth, Trend and Forecast 2023
Video Conferencing Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, August 28, 2018 ) Industry Outlook and Trend Analysis
The Video Conferencing Market was worth USD 4.28 billion in 2014 and is expected to reach approximately USD 8.44 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.82% during the forecast period. Video conferencing is associated with carrying out a conference by making use of telecommunication technologies for a real-time two-way transmission of audio and video. With rising globalization, companies are moving toward videoconference meetings in order to empower quicker basic leadership and lessen travel hassles. In the corporate section, video conferencing is majorly used for viable correspondence on real time basis over long distances at low cost and time and improve efficiency between groups based at various areas around the world. Moreover, it reduces travel costs and addresses client inquiries progressively.
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Drivers and Restraints
The video conferencing market is observing huge development inferable from the rising appropriation of cloud-based video conferencing arrangements all inclusive. Expanding adoption of cloud-based video conferencing administrations has prompted execution of better encryption and secret key secured answers for cloud-based video conferencing systems over the world. Moreover, increasing usage of cloud-based solutions and rise of 3D innovation in video conferencing arrangements are a main factor increasing the demand for this solution globally.
Market Segmentation
The Video Conferencing Market is segmented on the basis of component and end user. Based on component the market is segmented into hardware, software, and services. In terms of end user the market is segmented into corporate enterprise, healthcare, government and defence, education, and others. Cloud-based video conferencing services provide enhanced accessibility to end-users, as the infrastructure is managed and maintained at the service provider’s site.
Regional Outlook and Trend Analysis
The APAC region possesses the biggest share; it is anticipated to encounter the highest growth rate over the forecast period. The increase in start-ups in this region would also help in market development. North America is expected to develop significantly in the following years due to the presence of major players in the region.
Competitive Insights
The major players in the market are Orange Business Services, Microsoft, Logitech, JOYCE CR Ltd, ZTE, Vidyo, Arkadin Cloud Communications, Adobe Systems and West Unified Communications Services. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Video Conferencing Market is segmented as follows-
By Component:
Software
On-premise
Cloud-based
Hardware
Codec
Microphone
Camera
Others
Services
Managed/Outsourced
Others
By End User:
Health Care
Government
Corporate Enterprise
Education
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/ICT/QBI-CMR-ICT-54347
The Video Conferencing Market was worth USD 4.28 billion in 2014 and is expected to reach approximately USD 8.44 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.82% during the forecast period. Video conferencing is associated with carrying out a conference by making use of telecommunication technologies for a real-time two-way transmission of audio and video. With rising globalization, companies are moving toward videoconference meetings in order to empower quicker basic leadership and lessen travel hassles. In the corporate section, video conferencing is majorly used for viable correspondence on real time basis over long distances at low cost and time and improve efficiency between groups based at various areas around the world. Moreover, it reduces travel costs and addresses client inquiries progressively.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/ICT/QBI-CMR-ICT-54347
Drivers and Restraints
The video conferencing market is observing huge development inferable from the rising appropriation of cloud-based video conferencing arrangements all inclusive. Expanding adoption of cloud-based video conferencing administrations has prompted execution of better encryption and secret key secured answers for cloud-based video conferencing systems over the world. Moreover, increasing usage of cloud-based solutions and rise of 3D innovation in video conferencing arrangements are a main factor increasing the demand for this solution globally.
Market Segmentation
The Video Conferencing Market is segmented on the basis of component and end user. Based on component the market is segmented into hardware, software, and services. In terms of end user the market is segmented into corporate enterprise, healthcare, government and defence, education, and others. Cloud-based video conferencing services provide enhanced accessibility to end-users, as the infrastructure is managed and maintained at the service provider’s site.
Regional Outlook and Trend Analysis
The APAC region possesses the biggest share; it is anticipated to encounter the highest growth rate over the forecast period. The increase in start-ups in this region would also help in market development. North America is expected to develop significantly in the following years due to the presence of major players in the region.
Competitive Insights
The major players in the market are Orange Business Services, Microsoft, Logitech, JOYCE CR Ltd, ZTE, Vidyo, Arkadin Cloud Communications, Adobe Systems and West Unified Communications Services. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/ICT/QBI-CMR-ICT-54347
The Video Conferencing Market is segmented as follows-
By Component:
Software
On-premise
Cloud-based
Hardware
Codec
Microphone
Camera
Others
Services
Managed/Outsourced
Others
By End User:
Health Care
Government
Corporate Enterprise
Education
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/ICT/QBI-CMR-ICT-54347
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results