Global Video Conferencing Market Analysis, Forecast to 2023

Global Video Conferencing Market Analysis, Forecast to 2023

A Holistic Evaluation of Market Trends And Opportunities

RELEASE DATE
29-Jan-2019
REGION
Global
Research Code: K226-01-00-00-00
SKU: TE03868-GL-MR_22806
$4,950.00
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$4,950.00
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Description

Only a few years ago, businesses had limited choices for implementing video conferencing. Today new market dynamics are in play and a vast smorgasbord of options is available. This report takes an end-to-end view of enterprise video conferencing across varied platforms and services. Specifically, it includes video conferencing adoption via the following:

• Devices – Dedicated video conferencing endpoints, IP video phones, and conference room USB cams
• Infrastructure and On-premises Software – Video conferencing infrastructure, on-premises web conferencing software, on-premises Unified
Communications (UC)
• Services – Cloud web and video conferencing services, managed web and video conferencing services, webinar and webcasting services, and
Unified-Communications-as-a-Service(UCaaS)

Automation, globalization, and changing demographics are shaping the future of work. There is a growing demand for next-gen collaboration tools that fit the changing communication needs. New and innovative use cases are emerging. Video-enabled customer engagement, digital classroom, mobile and virtual banking, smart factories, digital talent acquisition, and ehealthcare are a few areas where video conferencing is fundamentally changing the face of business.

In 2018, an estimated 32.8 million video conferencing related devices, infrastructure and cloud services seat licenses were shipped leading to a total revenue of $7.80 billion. The total video conferencing market is on a high growth trajectory and is forecast to grow at a compound annual growth rate (CAGR) of 12.1 percent from 2018 to 2023 to reach $13.82 billion by 2023. Annual units and seat license shipment CAGR on the other hand is forecasted at a whopping 21.5 percent to reach 86.7 million seats in 2023, with rapid adoption coming from next-generation devices and intelligent cloud services that will establish video as preferred mode of communications.

User demand for video communications has been booming. The proliferation of mobile devices combined with an unending appetize to consume video in all its forms has been a major factor in breaking traditional barriers to adoption.

The consumerization of video has led to an exploding demand for hassle-free video conferencing that empowers users to connect from any device with a click of a button. It is setting the bar high for technology providers to match user expectations of easy to use, light weight software and cloud-enabled applications.

New product capabilities, disruptive applications and business models, and converging solutions are massively transforming video conferencing. In this dynamic marketplace, Frost & Sullivan has identified top growth opportunities for collaboration vendors and service providers worldwide.

Author: Roopam Jain

RESEARCH: INFOGRAPHIC

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Table of Contents

Top Strategic Imperatives for Video Conferencing Providers

Enterprise Video Communications and Collaboration Landscape

State of the Market

Market Engineering Measurements

Market Segmentation

Market Definitions

Drivers and Restraints

Work is Changing

Strong User Preference for Multi Vendor Solutions

Video Conferencing Benefits and Perceptions are Evolving

Low Penetration Rates Signal Growth Opportunities

Huddle Room Video Conferencing—Major Disruption Underway

Rapid Evolution In Devices

Video Conferencing—Total Addressable Market (TAM) Opportunity

Market Revenue—A Snapshot

Percent of Revenue by Technology

Revenue Forecast

Percent of Revenue Forecast by Technology

Seats Forecast

Percent of Revenue Forecast by Segment

Percent of Revenue by Region

SMB Adoption

Video Conferencing Devices—Unit Shipments

Disruptors in the Video Conferencing Market

Top 7 Recommendations for Video Conferencing Vendors

Legal Disclaimer

Market Engineering Measurements

Appendix 1—Technology Attach Rate Estimations for Market Sizing and CAGRs

Appendix 2—Acronyms Used

List of Exhibits

List of Figures
  • 1. Total Video Conferencing Market: Key Market Drivers and Restraints, Global, 2019–2023
  • 2. Total Video Conferencing Market: Market Engineering Measurements, Global, 2018
List of Charts
  • 1. Total Video Conferencing Market: Market Engineering Measurements, Global, 2018
  • 2. Workplace Communications and Collaboration Trends, Global, 2017
  • 3. Workplace Communications and Collaboration Trends, Global, 2017
  • 4. Total Video Conferencing Market: Revenue Forecast by Technology, Global, 2018–2023
  • 5. Total Video Conferencing Market: Percent of Revenue by Technology, Global, 2018
  • 6. Total Video Conferencing Market: Revenue Forecast, Global, 2016–2023
  • 7. Total Video Conferencing Market: Percent of Revenue Forecast by Technology, Global, 2016 and 2023
  • 8. Total Video Conferencing Market: Seats Forecast, Global, 2016–2023
  • 9. Total Video Conferencing Market: Percent of Revenue Forecast by Segment, Global, 2018 and 2023
  • 10. Total Video Conferencing Market: Percent of Revenue by Region, Global, 2018
  • 11. Total Video Conferencing Market: Percent of Revenue by SMBs and Enterprises, Global, 2018
  • 12. Video Conferencing Devices Segment: Percent of Unit Shipments by Device Type, Global, 2018
Related Research
Only a few years ago, businesses had limited choices for implementing video conferencing. Today new market dynamics are in play and a vast smorgasbord of options is available. This report takes an end-to-end view of enterprise video conferencing across varied platforms and services. Specifically, it includes video conferencing adoption via the following: • Devices – Dedicated video conferencing endpoints, IP video phones, and conference room USB cams • Infrastructure and On-premises Software – Video conferencing infrastructure, on-premises web conferencing software, on-premises Unified Communications (UC) • Services – Cloud web and video conferencing services, managed web and video conferencing services, webinar and webcasting services, and Unified-Communications-as-a-Service(UCaaS) Automation, globalization, and changing demographics are shaping the future of work. There is a growing demand for next-gen collaboration tools that fit the changing communication needs. New and innovative use cases are emerging. Video-enabled customer engagement, digital classroom, mobile and virtual banking, smart factories, digital talent acquisition, and ehealthcare are a few areas where video conferencing is fundamentally changing the face of business. In 2018, an estimated 32.8 million video conferencing related devices, infrastructure and cloud services seat licenses were shipped leading to a total revenue of $7.80 billion. The total video conferencing market is on a high growth trajectory and is forecast to grow at a compound annual growth rate (CAGR) of 12.1 percent from 2018 to 2023 to reach $13.82 billion by 2023. Annual units and seat license shipment CAGR on the other hand is forecasted at a whopping 21.5 percent to reach 86.7 million seats in 2023, with rapid adoption coming from next-generation devices and intelligent cloud services that will establish video as preferred mode of communications. User demand for video communications has been booming. The
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Table of Contents | Executive Dashboard~ || Top Strategic Imperatives for Video Conferencing Providers~ | Market Overview~ || Enterprise Video Communications and Collaboration Landscape~ || State of the Market~ || Market Engineering Measurements~ || Market Segmentation~ || Market Definitions~ || Drivers and Restraints~ | Market Trends~ || Work is Changing~ || Strong User Preference for Multi Vendor Solutions~ || Video Conferencing Benefits and Perceptions are Evolving~ || Low Penetration Rates Signal Growth Opportunities~ || Huddle Room Video Conferencing—Major Disruption Underway~ || Rapid Evolution In Devices~ | Market Forecasts~ || Video Conferencing—Total Addressable Market (TAM) Opportunity~ || Market Revenue—A Snapshot~ || Percent of Revenue by Technology~ || Revenue Forecast~ || Percent of Revenue Forecast by Technology~ || Seats Forecast~ || Percent of Revenue Forecast by Segment~ || Percent of Revenue by Region~ || SMB Adoption~ || Video Conferencing Devices—Unit Shipments~ || Disruptors in the Video Conferencing Market~ || Top 7 Recommendations for Video Conferencing Vendors~ || Legal Disclaimer~ | Appendix~ || Market Engineering Measurements~ || Appendix 1—Technology Attach Rate Estimations for Market Sizing and CAGRs~ || Appendix 2—Acronyms Used~ || List of Exhibits~
Predecessor NEDF-01-00-00-00
List of Charts and Figures 1. Total Video Conferencing Market: Key Market Drivers and Restraints, Global, 2019–2023~ 2. Total Video Conferencing Market: Market Engineering Measurements, Global, 2018~| 1. Total Video Conferencing Market: Market Engineering Measurements, Global, 2018~ 2. Workplace Communications and Collaboration Trends, Global, 2017 ~ 3. Workplace Communications and Collaboration Trends, Global, 2017 ~ 4. Total Video Conferencing Market: Revenue Forecast by Technology, Global, 2018–2023~ 5. Total Video Conferencing Market: Percent of Revenue by Technology, Global, 2018~ 6. Total Video Conferencing Market: Revenue Forecast, Global, 2016–2023~ 7. Total Video Conferencing Market: Percent of Revenue Forecast by Technology, Global, 2016 and 2023~ 8. Total Video Conferencing Market: Seats Forecast, Global, 2016–2023~ 9. Total Video Conferencing Market: Percent of Revenue Forecast by Segment, Global, 2018 and 2023~ 10. Total Video Conferencing Market: Percent of Revenue by Region, Global, 2018~ 11. Total Video Conferencing Market: Percent of Revenue by SMBs and Enterprises, Global, 2018~ 12. Video Conferencing Devices Segment: Percent of Unit Shipments by Device Type, Global, 2018~
Author Roopam Jain
Industries Telecom
WIP Number K226-01-00-00-00
Is Prebook No
GPS Codes 9717-C3,9705-C1,9656