Video Conferencing Market To Reach USD 8,449.26 Million By 2026
Market Summary: Growing communication infrastructure supporting high speed data, increasing Enterprise mobility and BYOD, increased adoption of video conferencing in enterprises to support off-shore operations, research, and constant innovation are some of the factors driving the video conferencing market. Market Size – USD 3,702.80 Million in 2018, Market Growth - CAGR of 11.0%, Market Trends – Advancements in 4G and 5G technology to propel the video conferencing market According to the current analysis of Reports and Data, the video conferencing market was valued at USD 3,702.80 Million in 2018 and is expected to reach USD 8,449.26 Million by the year 2026, at a CAGR of 11%. Video conferencing market research study offers an all-inclusive analysis of the revenue generated by the video conferencing vendors locally and globally. Further key findings from the report suggest • The video conferencing market is forecasted to grow at a CAGR of 9% in Asia Pacific due to the rapid industrialization, urbanization, and digitalization of the developing countries and the increased use of digital communication in developing countries such as India, China, and Singapore. • The cloud deployment model is expected to dominate the video conferencing market owing to its low-cost implementation and flexible subscription models suitable for the end-users. www.reportsanddata.com
Key participants: Cisco Systems, Microsoft Corporation, Avaya, Inc., Adobe Systems, ZTE Corporation, NTT Communications Corporation, Lifesize, BT Conferencing, , Visions Connected Netherlands BV, Level 3 Communications, LLC, Vidyo, Inc Pty Limited, Polycom Inc., and Singtel Optus. Segmentation: • Component type (Revenue in USD Million; 2016–2026), Solution, Services, Professional Services, System Integration and deployment, Technical Support, Managed • Delivery Mode (Revenue in USD Million; 2016–2026), Distance Learning, Instructor Led Training, Blended Learning • Deployment type (Revenue in USD Million; 2016–2026), Cloud, On-premise • End-User (Revenue in USD Million; 2016–2026), Academic, K-12, Higher Education, Corporate, Banking, Financial Services, and Insurance, Telecom and IT, Retail and ecommerce, Healthcare, Manufacturing, Government, Others www.reportsanddata.com
Regional Outlook for Video Conferencing Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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