Asia Pacific Video Conferencing Devices Market 2024
Video conferencing devices are essential tools for modern communication and collaboration, offering numerous benefits for individuals and organizations. These devices enable real-time, face-to-face communication between individuals or groups located in different physical locations. This facilitates effective collaboration, decision-making, and relationship-building without the need for in-person meetings.
In 2023, the video conferencing devices market in Asia Pacific stood at USD 1,263.6 million. Recording a CAGR of 9.2% from 2024 to 2030, the worth is projected to reach ~USD 2,339.7 million by 2030, according to the latest market data. The growth drivers for the APAC video conferencing devices market are diverse and dynamic. Dedicated video conferencing devices with built-in compute capabilities offer a robust feature set, including emerging options like all-in-one collaboration bars, digital collaboration boards, traditional codec-based devices, and immersive telepresence systems. USB conference cams, adopting a modular approach, enable cost-effective and flexible PC-based rooms for audio-video needs, available either standalone or as bundled kits comprising cameras, microphones, speakers, and additional compute components.
USB video bars, with their plug-and-play convenience, have gained popularity, especially in rooms equipped with partner providers' pre-installed meeting software, integrated compute systems, and optional touchscreen controllers. Cloud-based video conferencing has become essential in the post-pandemic era, with a growing demand for video devices in meeting rooms as employees return to offices across APAC, fostering collaboration with international peers.
The transition from on-premises to hybrid video infrastructure, particularly evident in state-owned enterprises (SOEs) in China, is driving a robust demand for cloud-connected video conferencing devices. Sectors like healthcare, government, and education are adopting video-first digital transformation strategies, inspiring late adopters to follow suit and redefine their business models.
The availability of video conferencing devices in various form factors, from all-in-one solutions to advanced 360-degree conference cameras with AI capabilities, and a range of price points, is accelerating device adoption. Additionally, the improvement of broadband infrastructure in ASEAN's rural areas is enhancing video quality and user experiences, broadening the market reach for video conferencing devices.
This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the product, end user, and country aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.
The global video conferencing devices market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The Asia Pacific market for video conferencing devices can be segmented by product: room-based endpoints, personal video communication devices, USB room devices. Among these, the room-based endpoints segment was accounted for the highest revenue generator in 2023.
Video conferencing devices market is further segmented by end user: classrooms, meeting rooms. The meeting rooms segment is estimated to account for the largest share of the video conferencing devices market in Asia Pacific.
Based on country, the video conferencing devices market is segmented into: China, Japan, India, South Korea, Australia and New Zealand, Rest of Asia-Pacific. China held the largest share of the Asia Pacific video conferencing devices market in 2023 and is anticipated to hold its share during the forecast period.
The market research report covers the analysis of key stake holders of the video conferencing devices market in Asia Pacific. Some of the leading players profiled in the report include AVer Information Inc., Cisco Systems, Inc., EPOS Group A/S, Huawei Technologies Co., Ltd., Keda Communications Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Panasonic Holdings Corporation, Poly Inc., Samsung Electronics Co., Ltd., Sony Group Corporation, The Hewlett-Packard Company, ZTE Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Gain a reliable outlook of the video conferencing devices market in Asia Pacific forecasts from 2024 to 2030 across scenarios.
Identify growth segments for investment.
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The market estimate for ease of analysis across scenarios in Excel format.
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Market Segments Covered in Asia Pacific Video Conferencing Devices Industry Analysis:
i.) Product
- Room-based endpoints
- Personal video communication devices
- USB room devices
ii.) End user
iii.) Country
- China
- Japan
- India
- South Korea
- Australia and New Zealand
- Rest of Asia-Pacific