The video conferencing systems market is expected to reach USD | Wbactive

Raipur, November 18, 2022 (GLOBE NEWSWIRE) — Stratview Research, a leading market research company has started a report on the market for video conferencing systems which provides an in-depth analysis of market dynamics, current and emerging trends, industry forecasts, and the competitive landscape.

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How helpful is the report?

The report has a very high value for key decision makers and strategists in terms of accurate market insights, future growth opportunities and key success factors.

Most importantly, the report analyzes the potential impact of COVID-19 on the market dynamics, which provides cushioning from the uncertain business environment and helps rationalize the resources and investment decisions in a fruitful way.

What are the key market drivers?

According to the report, the video conferencing systems market is driven by a variety of factors, some of which are listed below:

  • Increasing demand for unified communications in the US and Europe.
  • Increasing trend of working from home and online learning around the world.
  • Increasing demand for high-speed communications infrastructure in Asia-Pacific.

The report also includes growth rate estimates based on the intensity of drivers and restraints and provides users with several graphical illustrations of the key insights.

market for video conferencing systems Segmentation:

Stratview Research has segmented the market as follows to address the market data needs of multiple stakeholders across the industry value chain.

  • by component type
  • by type of end use
  • by region

market for video conferencing systems insights

Market Trends by Component Type

The video conferencing systems market has been segmented into hardware, software and service. The hardware segment accounted for more than 45.0% of the total market share in 2021. Increasing product demand, driven by the rapid adoption of video conferencing solutions for team collaboration, is the main factor driving the growth of the hardware segment.

Market Trends by End Use Type

Video Conferencing Systems Market has been segmented into Enterprise, Education, Healthcare, Government & Defense, BFSI, Media & Entertainment, and Others. The enterprise segment accounted for more than 26.8% of the total market share in 2021. This is mainly due to the increasing development of cloud-based communication and collaboration in the software industry, which opens the market to new players.

Which region offers the best opportunities and growth?

The North American Video Conferencing Systems Market accounted for the largest share at more than 38.4% in 2021 and is expected to grow at a substantial CAGR during the period. Video conferencing systems market growth is mainly driven by increasing upgrading of existing devices and subscription to cloud-based services. In addition, the growing demand for continuous access to high-quality internet and visual meetings further fuels the regional market growth.

Impact of COVID-19 on Video Conferencing Systems Market

COVID-19 has brought many industries around the world to an immediate halt. Lockdown norms in several countries have quickly impacted the global economy by disrupting the supply chain, production and market demand. Both direct and indirect impacts of the pandemic have been included in this report.

To learn more about the impact of Covid-19, get a free sample report here:

Who are the top market players?

After conducting a thorough analysis of the market, the experts have listed some major players and discussed the company profiles of the players given below –

  • Cisco Systems, Inc. (USA)
  • Polycom, Inc. (USA)
  • West Unified Communications Services (USA)
  • Vidyo, Inc. (USA)
  • Adobe Systems Incorporated (USA)
  • Microsoft Corporation (US)
  • Arkadin International SAS (France)
  • Logitech International SA (Switzerland)
  • Orange Business Services (France)
  • JOYCE CR, SRO (Czech Republic)

What results do you get in this report?

  • In-depth analysis of video conferencing systems market
  • Detailed market segmentation.
  • Competitive Landscape Analysis.
  • Historical, current and future market size analysis.
  • Industry trends, technologies and advances.
  • Growth and operational strategies adopted by key players.
  • Potential segments/regions with promising growth.
  • Geographical presence of the main players.

Related reports that might be useful:

  1. video-on-demand market
  2. Video Surveillance Storage Systems Market

About us –

Stratview Research is a global market research firm providing trusted market reports, market entry strategies, strategic growth advice and more. The market experts compile high-quality market information to help users gain granular clarity on current business trends and expected future developments. Stratview Research also offers customization of the reports. Contact the analysts to customize each report as per your priority/requirement.

Stratview Research also created Composights, an online portal offering free thought leadership reports, white papers, market report summaries and more for composites and related industries worth $20,000 per year.

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