Video Conferencing Market To Witness Steady Growth Based On Rising Adoption Of 4g Service & High Demand For Video Solutions By Organizations, Educational Institutes Till 2027 | Million Insights

FELTON, Calif., Nov. 11, 2020 /PRNewswire/ -- The global video conferencing market is estimated to attain USD 8.56 billion, by the end of 2027, and is anticipated to grow at a CAGR of 9.9% over the forecasted period, 2020 to 2027, according to a new report by Million Insights. Increasing demand for video solutions in organizations, educational institutes especially in developing countries is projected to support the market growth. In addition, the growing adoption of 4G service in mobile devices is anticipated to bolster the demand for video conferencing solutions.

In Asia Pacific, development in digital infrastructure along with rising penetration internet has increased the need for video conferencing systems. Several telecom operators offer investment for developing video conferencing infrastructure. For example, in 2018, NTT Limited has funded over USD 32.0 million in Highfive, in order to develop video conferencing solution.

In addition, rising trend of online education for medicinal operations especially in countries such as Japan, U.K., U.S, China, and India is boosting the growth of video conferencing market. Moreover, various electronics industry participants such as Siemens, Koninklijke Philips N.V., are partnering with companies in the market to develop these solutions. For example, in 2017, Vidyo Inc, and Koninklijke Philips N.V., have collaborated to develop a telehealth platform called Philips IntelliSpace eCareManager for monitoring patients remotely.

Please click here to get the sample pdf and find more details on "Video Conferencing Market" Report 2027.

In the light of COVID-19 outbreak, various governments across the globe are providing funds to companies to develop these solutions for remote operation. For example, in the U.S., Ohio Supreme Court has provided funding of around USD 4.0 million for the purchase of video solutions to high courts in April 2020. Furthermore, increasing the need for a remote workforce in hospital management is projected to positively impact on market growth.

Further key findings from the report suggest:

• In 2017, TrueConf LLC and Aver Information Inc have announced partnership to produce video conferencing solution using TrueConf software tools.
• Depending on deployment, cloud type segment is projected to lead the market by 2027, owing to rising demand for web-based solutions.
• Small & medium enterprise segment is anticipated to expand at a significant CAGR over the forecasted period.
• Healthcare sector in end use segment is projected to grow at substantial rate due to rising demand for video systems especially for remote consultation in hospitals.
• Asia Pacific is projected to grow at the highest CAGR in the next few years. Several international players are manufacturing their products through this region.
• Key players in the video conferencing market are Microsoft Corporations, Cisco Systems, Avaya, Inc, Huawei Technologies, Adobe Inc, West Corporation, and Vidyo Inc.

Browse 155 page research report with TOC on "Global Video Conferencing Market" at: https://www.millioninsights.com/industry-reports/global-video-conferencing-market

Million Insights has segmented the global video conferencing market based on component, deployment, component, end use and region:

• Video Conferencing Component Outlook (Revenue, USD Million, 2016 - 2027)
• Hardware
• Camera
• Microphone & Headphone
• Software
• Services
• Professional Service
• Managed Service
• Video Conferencing Deployment Outlook (Revenue, USD Million, 2016 - 2027)
• On-premise
• Cloud
• Video Conferencing Component Outlook (Revenue, USD Million, 2016 - 2027)
• Large Enterprises
• Small & Medium Enterprises (SMEs)
• Video Conferencing End-Use Outlook (Revenue, USD Million, 2016 - 2027)
• Corporate
• Education
• Healthcare
• Government & Defense
• BFSI
• Media & Entertainment
• Others
• Video Conferencing Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• U.S.
• Canada
• Europe
•  U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa

Explore the Latest Market Research Reports by Million Insights:

• Construction Equipment Rental Market - The global construction equipment rental market size was worth USD 92.9 billion in 2019. It is estimated to exhibit a CAGR of 4.9% from 2020 to 2027. Increasing mining and construction activities in emerging countries are attributing to the growth of the market.
• Food Service Equipment Market - The global food service equipment market size was valued at USD 31.64 billion in 2018 and expected to grow with a CAGR of 5.0% during the forecast period, from 2019 to 2025. Rising demand for frozen products and growing import and export activities in the food & beverage industry and developing food consumption trends are positively impacting the market growth.
• Metal Fabrication Equipment Market - The metal fabrication equipment market size across the globe was valued USD 68.36 billion in 2017. It is projected to witness 3.90% CAGR over the forecasted years, 2018 to 2025. Rising adoption of metal processing and machining equipment for the development of finished quality products are expected to drive the market growth in the upcoming years.
• Wood Plastic Composite Market - The global wood plastic composite (WPC) market size was worth USD 5.3 billion in 2019. The market is estimated to grow at 11.4% CAGR from 2020 to 2027. Increasing focus on the development of sustainable construction materials coupled with rising repair and renovation activities are driving the market growth.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Follow Us: LinkedIn | Twitter