Global Video Conferencing Market 2024-2028

Global Video Conferencing Market 2024-2028

The video conferencing market is forecasted to grow by USD 7.44 bn during 2023-2028, accelerating at a CAGR of 11.9% during the forecast period. The report on the video conferencing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing globalization and the need for cross-border communication, proliferation of mobile devices enables on-the-go video conferencing, and cost-savings offered by video conferencing when compared to in-person meetings.

Technavio's video conferencing market is segmented as below:

By Component

• Hardware
• Software
• Services

By End-user

• Large enterprises
• Small
• Medium enterprises

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increasing adoption of AI-driven features in video conferencing as one of the prime reasons driving the video conferencing market growth during the next few years. Also, integration of AR and VR technologies for immersive virtual meetings and training sessions and adoption of cloud-based video conferencing platforms will lead to sizable demand in the market.

The report on the video conferencing market covers the following areas:

• Video conferencing market sizing
• Video conferencing market forecast
• Video conferencing market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading video conferencing market vendors that include 8x8 Inc., Adobe Inc., Alphabet Inc., Amazon.com Inc., Avaya LLC, Cisco Systems Inc., Dialpad Inc., Enghouse Systems Ltd., Haivision Systems Inc., HP Inc., Huawei Technologies Co. Ltd., Kaltura Inc., Logitech International SA, Microsoft Corp., Pexip AS, RingCentral Inc., Sonic Foundry Inc., TIBCO Software Inc., Verizon Communications Inc., and Zoom Video Communications Inc.. Also, the video conferencing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.