Global Video Conferencing Market to see Surge in Growth to $22.5 Billion Between 2021 and 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Video Conferencing Market by Component (Hardware, Solutions, Services), Application (Corporate Communication, Training & Development, Marketing & Client Engagement), Deployment Mode, Vertical, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global video conferencing market is expected to grow from USD 9.2 billion in 2021 to USD 22.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period.
Organizations worldwide are adopting video conferencing Solution to empower their client engagement, brand awareness, and marketing activities. With the help of video conferencing for marketing purposes, organizations can easily engage audiences, communicate with them more efficiently, and expand their reach. Video conferencing Solution help enhance customer engagement by enabling more communication with the clients, thus enabling them to have a better relationship with the enterprise.
Cloud mode of deployment segment is expected to grow at the highest CAGR during the forecast period
The cloud deployment model includes providers, such as the Infrastructure as a Service (IaaS) and the Software as a Service (SaaS), with the majority of end users as enterprises, government agencies, and healthcare organizations. SaaS-based video Solution are deployed leveraging their simplicity and ease of deployment. Enterprises are considering privacy policy and the data security model of cloud service, and the SLAs of the provider before subscribing to the SaaS model of cloud deployment.
IaaS provides an organization with control over its data privacy and scalability management, hosting its on-premises data to the cloud. Video conferencing applications that are designed for self-hosting on IaaS platforms are referred self-hosting. IaaS providers, such as Microsoft, Google, Oracle, and Amazon, provide the enterprises with their data center available in most major metro areas. They offer with a global resilient network with large numbers of Points of Presence (PoP) near offices. IaaS is leveraged for both virtual private cloud and complete private cloud environments.
Healthcare segment to grow at the highest CAGR during the forecast period
The healthcare and life sciences vertical deals with diverse clinical, administrative, and financial content on a daily basis. This results in the requirement for channelized content insights and accurate clinical information that can be consolidated through video conferencing Solution. The collaborations enable healthcare providers in telemedicine and patient care, medical education, and healthcare administration applications to offer enhanced patient care by providing them with improved communication options. The solution enables face-to-face interactions between patients, healthcare teams, and family members to discuss various treatment options, located anywhere in the world. Video conferencing technology also helps with patient monitoring, consulting, and counseling.
Asia Pacific (APAC) region to record the highest growing region in the video conferencing market
APAC has several growing economies, such as China, Australia, New Zealand and Japan, which are expected to register high growth in the video conferencing market. These countries have always supported and promoted industrial and technological growth. In addition, they possess a developed technological infrastructure, which is promoting the adoption of Video conferencing solutions across all industry verticals. APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics and mobility.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Market Trends
6 Video Conferencing Market, by Component
7 Video Conferencing Market, by Deployment Mode
8 Video Conferencing Market, by Application
9 Video Conferencing Market, by Vertical
10 Video Conferencing Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
A.T.Kearney
Adobe
Avaya
AWS
Barco
Bayada Home Healthcare
BlueJeans Network
Cisco
Coastal Bend College
Enghouse Systems
Fuze
Haivision
HighFive
Huawei
Hubspot
Kaltura
Kollective
Kubi
Lifesize
Logitech
LogMeIn
Microsoft
Northumberland County Council
Pea
Pexip
Poly
Premier Global Services
Qumu
Sonic Foundry
StarLeaf
The University of Washington
Zoom Video Communications
For more information about this report visit https://www.researchandmarkets.com/r/2gg44b
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