Allied Market Research

2024

Video Conferencing Systems Market

Video Conferencing Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Deployment mode and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

IC : Communication Services - Providers & Operators

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Author's: | Onkar Sumant
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Video conferencing systems refers to the technology that enables two or more people converse in real time by using computer networks. The need to provide better conversation experience, reduce travel cost, and increased IT expenditure generates the demand for the video conferencing systems market.

The global video conferencing systems market is expected to register substantial growth in the near future, attributed to a globalization of business, increased internet penetration, and easy availability of good resolution camera. Other factors that drive the video conferencing systems market growth are reduction in traveling cost for the businesses, and growth in demand for web-based applications. However, factors such as high initial investment cost, high bandwidth requirement, and information security concern are estimated to restrain the growth of the market.

Video Conferencing Systems Market

The report segments the video conferencing systems market on the basis of component, type, and geography. On the basis of the component, the market is bifurcated into hardware and software. According to the type, the market is classified into telepresence, desktop, integrated, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive video conferencing systems market analysis and profiles of major market players such as Adobe Systems, Inc., Avaya Inc., Cisco Systems, Inc., Ericsson LG, Huawei Technologies Co., Ltd., Lifesize, Inc., Microsoft Corporation, Polycom, Inc., VGo Communications, Inc., and ZTE Corporation are also provided in this report.

Key Benefits

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global video conferencing systems market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments.
  • This study evaluating competitive landscape and value chain has been taken into account to help in understanding the competitive environment across the geographies.
  • This report entails the detailed quantitative analysis of the current market and estimations which assists in identifying the prevailing market opportunities.
  • Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

Video Conferencing Systems Market Report Highlights

Aspects Details
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By Component
  • Hardware
  • Solution
  • Services
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By Deployment mode
  • On-premises
  • Cloud
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By Application
  • Corporate Communications
  • Training and Development
  • Marketing and client engagement
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By Region
  • NORTH AMERICA  (U.S., Canada)
  • EUROPE  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • ASIA-PACIFIC  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

POLYCOM INC., ERICSSON LG, VGO COMMUNICATIONS INC., HUAWEI TECHNOLOGIES CO. LTD, ZTE CORPORATION, CISCO SYSTEMS INC., AVAYA INC., LIFESIZE INC., MICROSOFT CORPORATION, ADOBE SYSTEMS INC.

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Video Conferencing Systems Market

Global Opportunity Analysis and Industry Forecast, 2023-2032