Global enterprise video conferencing market opportunity outlook 2023
The culture of business and environment has been dramatically changed in the past few years. Presence of digitization and visual data sharing technology changes the business and shaping it in a new a way to achieve desired goals.
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Market size and forecast
The global enterprise video conferencing market is expected to reach USD 7.94 Billion by 2023 from USD 3.85 Billion in 2015 and it is expected to expand at a CAGR of 7.44%% over the forecast period i.e. 2015-2023.
Rising adoption of video conferencing facilities in healthcare and education sectors across the globe has strengthened the demand for enterprise video conferencing.
The North-America market accounted for the largest revenue share of 38.14% in 2014 in overall enterprise video conferencing market across the globe and it is expected to maintain its dominance in the near future. Rising adoption of video conferencing facilities in corporate enterprises are expected to drive the market of enterprise video conferencing across North-America in near future.
Moreover, expansion of business by national and multinational organizations in developing countries of Asia-Pacific region such as India are likely to improve facilities of video conferencing in order to carry out off-shore meetings in Asia Pacific region. Whereas, presence of huge economic and IT sector in China which have latest and updated technology are likely to impact positively on the growth of enterprise video conferencing market over the forecast period of 2015-2023.
The market of enterprise video conferencing is expected to register a CAGR of 9.2% in the Asia-Pacific region during the forecast period i.e. 2015-2023.
Growth Drivers and challenges
The improvement in productivity among the workforce of the enterprises through video conferences and meeting is expected to trigger the market for enterprise video conferencing during the forecast period i.e. 2015-2023.
Global Enterprise Video Conferencing Market is segmented as follows:
Analysis By Deployment Type
On-Premise Video Conferencing
Managed Video Conferencing
Cloud-based Video Conferencing
Analysis By End-User
Government and Defense
Global Enterprise Video Conferencing Market is further classified on the basis of region as follows:
North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis
Contact Key extracts from the Table of Content of Enterprise video conferencing Market 2016-2023 report:
Enterprise video conferencing Market Size and Forecast, 2016-2023
Enterprise video conferencing Market CAGR for the Period 2016-2023
Enterprise video conferencing Market Y-O-Y for the Period 2016-2023
Enterprise video conferencing Market Demand & Supply Analysis
Enterprise video conferencing Market Investment Attractiveness
Enterprise video conferencing Market BPS Analysis
Enterprise video conferencing Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Enterprise video conferencing Market Competitive Landscape Analysis
Enterprise video conferencing Market Investment Proposition, by Geography
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by: Ajay Daniel