Growth Opportunities in the Global Tabletop Audio Conferencing Endpoints Market—Forecast to 2027

Growth Opportunities in the Global Tabletop Audio Conferencing Endpoints Market—Forecast to 2027

Future Growth Potential Beyond COVID-19

RELEASE DATE
14-Jul-2023
REGION
North America
Research Code: PE6C-01-00-00-00
SKU: TEMP_2023_10
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Description

This study captures the market dynamics in the tabletop audio conferencing endpoints market, including the changing trends in the tabletop audio, the impact of the COVID-19 pandemic on the adoption of different types of endpoints, and the forecast of endpoint revenue and unit shipments until 2027. The report also discusses the trends, forecasts, and market shares for the TDM/IP and USB audio conferencing endpoint sub-segments. Further, the study provides recommendations for vendors in the tabletop audio conferencing endpoint market.

In 2022, the total tabletop audio conferencing endpoint market sales reached $328.4 million, registering a decline of 19.4 percent. The opportunity for the total tabletop audio conferencing endpoints market shrank in 2022 as demand for IP audio devices declined dramatically and USB audio conferencing endpoint sales slowed down. Owing to sluggish demand for TDM/IP endpoints and uncertainty about provisioning tabletop IP audio in meeting rooms among majority of businesses, the total TDM/IP endpoints segment registered a decline of 6.2 percent, reaching $120.0 million in 2022. In 2022, the total USB endpoints segment registered a steep downturn in demand of 25.4 percent, dropping to $208.3 million for the year due to market saturation.

The market’s revenue opportunity is increasingly shifting towards USB audio devices. Driven by remote working trends, there will be a slow but steady demand for personal USB audio endpoints over the forecast period. Personal USB tabletop audio device sales declined in 2022, as the sales was maximized in 2020-21 leveraging the remote working norm. Personal USB audio device demand will recover from 2024 when replacement of units and repurchases occur. The group USB audio device segment is also gaining traction in meeting rooms as a part of stand-alone audio devices and A/V kits. This segment is experiencing a slew of new product launches that range from low-price to premium endpoints. On the other hand, the IP endpoint segment is expected to see a gradual recovery on account of enterprises' return to office initiatives. However, user preference for USB wall-mount bars over IP tabletop audio devices in meeting spaces will make it difficult for IP audio conferencing endpoint sales to return to pre-COVID-19 levels.

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Table of Contents

Why is it Increasingly Difficult to Grow

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Tabletop Audio Conferencing Endpoint Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Market Segmentation, Definition, and Examples

Segmentation—Stand-alone Audio versus Modular A/V Kits

Key Questions this Study will Answer

Executive Summary

Key Competitors

Growth Metrics

Forecast Assumptions

Revenue and Unit Shipment Forecast

Revenue Forecast by Product

Unit Shipment Forecast by Product

Forecast Analysis

Percent Revenue Forecast by Product

Percent Unit Shipment Forecast by Product

Revenue Forecast by Region

Percent Revenue Forecast by Region

Revenue Forecast Analysis by Region

Competitive Environment

Revenue Share

Growth Metrics

Growth Drivers

Growth Restraints

Revenue and Unit Shipment Forecast

Pricing Forecast

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Share

Growth Metrics

Growth Drivers

Growth Restraints

Revenue and Unit Shipment Forecast

Unit Shipment Forecast by Product

Percent Unit Shipment Forecast by Product

Pricing Forecast

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Share

Growth Opportunity 1: Effective Pricing Strategies as Means to Combat Saturation in the Personal USB Tabletop Audio Segment

Growth Opportunity 1: Effective Pricing Strategies as Means to Combat Saturation in the Personal USB Tabletop Audio Segment (continued)

Growth Opportunity 2: Speakerphone+Dock/Hub Functionality – New Product Development to Combat Market Saturation in USB

Growth Opportunity 2: Speakerphone+Dock/Hub Functionality – New Product Development to Combat Market Saturation in USB (continued)

Growth Opportunity 3: Creative Marketing and Innovative Sales Strategies to Combat Market Saturation in USB

Growth Opportunity 3: Creative Marketing and Innovative Sales Strategies to Combat Market Saturation in USB (continued)

Growth Opportunity 4: Meeting Room Transformation

Growth Opportunity 4: Meeting Room Transformation (continued)

Growth Opportunity 5: Opportunities by Business Size & Vertical

Growth Opportunity 5: Opportunities by Business Size & Vertical (continued)

UCC End User Survey

UCC End User Survey(continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

This study captures the market dynamics in the tabletop audio conferencing endpoints market, including the changing trends in the tabletop audio, the impact of the COVID-19 pandemic on the adoption of different types of endpoints, and the forecast of endpoint revenue and unit shipments until 2027. The report also discusses the trends, forecasts, and market shares for the TDM/IP and USB audio conferencing endpoint sub-segments. Further, the study provides recommendations for vendors in the tabletop audio conferencing endpoint market. In 2022, the total tabletop audio conferencing endpoint market sales reached $328.4 million, registering a decline of 19.4 percent. The opportunity for the total tabletop audio conferencing endpoints market shrank in 2022 as demand for IP audio devices declined dramatically and USB audio conferencing endpoint sales slowed down. Owing to sluggish demand for TDM/IP endpoints and uncertainty about provisioning tabletop IP audio in meeting rooms among majority of businesses, the total TDM/IP endpoints segment registered a decline of 6.2 percent, reaching $120.0 million in 2022. In 2022, the total USB endpoints segment registered a steep downturn in demand of 25.4 percent, dropping to $208.3 million for the year due to market saturation. The market’s revenue opportunity is increasingly shifting towards USB audio devices. Driven by remote working trends, there will be a slow but steady demand for personal USB audio endpoints over the forecast period. Personal USB tabletop audio device sales declined in 2022, as the sales was maximized in 2020-21 leveraging the remote working norm. Personal USB audio device demand will recover from 2024 when replacement of units and repurchases occur. The group USB audio device segment is also gaining traction in meeting rooms as a part of stand-alone audio devices and A/V kits. This segment is experiencing a slew of new product launches that range from low-price to premium endpoints. On the other hand, the IP endpoint segment is expected to see a gradual recovery on account of enterprises' return to office initiatives. However, user preference for USB wall-mount bars over IP tabletop audio devices in meeting spaces will make it difficult for IP audio conferencing endpoint sales to return to pre-COVID-19 levels.
More Information
Author Yi Xiang Lo
Industries Telecom
No Index No
Is Prebook No
Keyword 1 Audio Conferencing Endpoint Market
Keyword 2 Audio Teleconference
Keyword 3 Wireless Conference System
Podcast No
WIP Number PE6C-01-00-00-00