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Video Conferencing Market to Reach $10.92 Billion by 2027; Introduction of Zoom for Home – “DTEN ME” to Stimulate Growth

October 12, 2020 | Information & Technology

The global video conferencing market size is expected to reach USD 10.92 billion by 2027. The growing popularity of desktop video conferencing (DTVC) owing to its reliable, and cost-effective type will contribute positively to the market. Besides, it also delivers high-definition video and audio q0075ality along with tools for adding on-screen notes and memos, states Fortune Business Insights, in a report, titled “Video Conferencing Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Conference Type (Telepresence, Integrated, Desktop, and Service-based Video Conferencing System), By Deployment (Cloud, On-premises), By Enterprises Size (Small and Medium Enterprises (SMEs), Large Enterprises), By Application (Small Rooms, Huddle Rooms, Middle Rooms, and Large Rooms), and Regional Forecast, 2020-2027.” The market size stood USD 5.32 billion in 2019 and is expected to exhibit a CAGR of 9.7% between 2020 and 2027.


Collaboration of Airtel and Verizon to Augment Growth


Bharti Airtel Ltd, one of India’s biggest telecom company announced that it has signed a strategic agreement with Verizon, the world’s largest communication technology company to offer secure world-class video conferencing solutions to businesses in India. Through this partnership, Airtel will provide secure enterprise-grade video conferencing solutions under the brand name - Airtel BlueJeans to organizations across India. Verizon’s enterprise-grade video conferencing service, BlueJeans will help people communicate and collaborate across mobile, desktop, browser, and conference rooms. This new service will offer simple, reliable, and trusted solutions by following the stringent security needs of healthcare providers, banks, and other organizations. Furthermore, the introduction of new solutions and devices by companies will have a tremendous effect on the market. For instance, in July 2020, Zoom Video Communications, Inc introduced its new standalone video-conferencing device – “Zoom for Home - DTEN ME” at USD 599. The company aims to provide a seamless and cost-effective solution for work from home employees during the pandemic.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/video-conferencing-market-100293


High Installation Cost to Dampen Market Growth


The high investment associated with the deployment and maintenance of video conferencing solutions is predicted to inhibit the growth of the market. The cost of data security software solutions to secure data transmission can be extremely costly, which, in turn, will restrict its demand among organizations. The complications pertaining to data security and identity will further aggravate the development of the market. Besides, the lack of expertise among software engineers and limited functionality and efficiency offered by these solutions will inhibit the expansion of the market.


Launch of Innovative Video Conferencing Solutions to Intensify Competition


Companies such as Verizon Communications Inc., Cisco Systems, Inc., Microsoft Corporation, Vidyo Inc, and others are focused on establishing their presence by offering innovative solutions and services to clients. The key players are also implementing strategies such as product launches, acquisitions, and partnerships to gain an edge over its rival companies. Also, major players are deploying these solutions with advanced technology such as AI, ML, cloud, and others to improve product portfolio and deliver enhanced solutions.


The Report Lists the Main Companies in the Market:



  • Cisco Systems, Inc. (California, United States)

  •  Verizon Communications Inc. (New York, United States)

  • Polycom Inc. (Plantronics, Inc.) (California, United States)

  • Alphabet Inc. (Google LLC) (California, United States)

  • Adobe Systems (California, United States)

  • Microsoft Corporation (New Mexico, United States)

  • Vidyo Inc. (New Jersey, United States)

  • Zoom Video Communication Inc. (California, United States)

  • Logitech International S.A. (Lausanne, Switzerland)

  • Panasonic Corporation (Osaka, Japan)

  • ZTE Corporation (Shenzhen, China)

  • Fuze Inc. (Massachusetts, United States)

  • Huawei Technologies Co. Ltd. (Shenzhen, China)

  • Avaya Inc. (California, United States)

  • Facebook Inc. (California, United States)

  • Lifesize Inc. (Texas, United States)

  • StarLeaf (Watford, United Kingdom)

  • Premiere Global Services, Inc. (PGi) (Georgia, United States)

  • ezTalks Technology Co., Ltd. (Wan Chai, Hong Kong)

  • Bharti Airtel Limited (New Delhi, India)

  • Reliance Jio Infocomm Limited (Mumbai, India)


Further Report Findings:



  • Regional Analysis:  The market in North America is expected to hold the largest share in the global market during the forecast period owing to the presence of major key players such as Zoom Video Communications, Inc., Microsoft Corporation, and others in the region.

  • Leading Segment: The on-premises segment is expected to account for the lion’s share owing to the growing adoption of the on-premise deployment method by large organizations. The cloud segment is expected to account for the maximum share owing to the growing popularity of cloud-based video conferencing solutions.


The Global Video Conferencing Market is Segmented into:

















































 ATTRIBUTE



  DETAILS



Study Period



  2016 – 2027



Base Year



  2019



Forecast Period



  2020 – 2027



Historical Period



  2016 – 2018



Unit



  Value (USD Billion)



Segmentation



By Component



  • Solution

  • Services



By Conference Type



  • Telepresence System

  • Integrated System

  • Desktop System

  • Service-based Video Conferencing System



By Deployment



  • Cloud



  • On-premises



By Enterprises Size



  • Small and Medium Enterprises (SMEs)



  • Large Enterprises



By Application



  • Small Rooms

  • Huddle Rooms

  • Middle Rooms

  • Large Rooms



By Region



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Video Conferencing Market
  • PDF
  • 2019
  • 2016-2018
  • 160

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