The video conferencing market is expected to grow with a CAGR of 9.5% during the forecast period of 2019-2025. The growing demand for unified communication solutions has led the manufacturers towards the development of more advanced communication solutions. Video conferencing market is growing on the backdrop of companies expanding their footprints globally. To establish and manage business and communication processes results in the expenditure of monetary resources on infrastructure procurement and network management. To maintain effective distinct synchronous and non-synchronous communication functions, video conferencing provides an efficient and cost-reducing function. The video conferencing is a technology that enables two or more persons to converse efficiently in real-time. 

Video conferencing enhances the communication experience, reduces the travel cost resulting in the increased demand from IT industries. There is significant demand for desktop video conferencing solutions owing to the gradual shifting of businesses and organization from static workplaces towards the adoption of mobile workforces. The availability of low-cost smartphones coupled with internet connectivity and internet of things (IoT) has led to increasing demand for desktop video conferencing solutions.

With the globalization of business, the video conferencing market is expected to register substantial growth. The availability of good resolution camera coupled with internet connectivity has fostered the demand for video conferencing software. The increased consumer demand for enhanced web-based applications has accelerated the market growth of video conferencing solutions. The increased adoption of cloud-based video conferencing solutions coupled with video-enabled mobile phones to have led to the growing market size of video conferencing market. Further, the increased penetration of video conferencing in online education has accelerated the market growth of video conferencing. Moreover, the high initial cost and high bandwidth requirement may hamper the market growth of the video conferencing market. 

The video conferencing market is segmented based on component, deployment and end-user. Based on the component, the market is segmented into hardware and software and services. Hardware includes cameras, audio devices and other devices used in video conferencing. Based on the deployment, the market is segmented into on-premise and cloud-based deployment. The cloud-based video conferencing market is growing attributed to increasing demand for video conferencing solutions among small and medium enterprises (SMEs). Based on end-user, the market is segmented into corporate, healthcare, education, government and other. Additionally, the market is further segmented on the basis of major regions including North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia-Pacific region is expected to register significant growth over the forecast period due to the increasing demand for software-based and cloud-centric video conferencing services among consumers.

Some of the major players in the field of video conferencing solutions market include Cisco Systems, Inc., Microsoft Corp., Citrix Systems, Inc., Logitech International S.A., LogMeIn, Inc., West Corp., Huawei Technologies, Co., Ltd. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in January 2018, Polycom, Inc. acquired Obihai Technology, Inc., a San Jose-based innovator in VoIP audio solutions. The acquisition allows the company to expand its product portfolio in service providers in VoIP solutions.

Research Methodology

The market study of the video conferencing market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for IT companies, government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. Global Video Conferencing Market Research and Analysis by Component
2. Global Video Conferencing Market Research and Analysis by Deployment
3. Global Video Conferencing Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of the video conferencing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the video conferencing market.
• Insights about market determinants which are stimulating the video conferencing market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.