State of the Global Video Conferencing Devices Market, Forecast to 2025

State of the Global Video Conferencing Devices Market, Forecast to 2025

Hybrid Work and Growing Number of Meeting Spaces Propel Adoption

RELEASE DATE
11-Mar-2021
REGION
Global
Research Code: K5BE-01-00-00-00
SKU: IT04293-GL-MT_25290

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Description

The $2.75 billion global video conferencing devices market represents a secular growth opportunity driven by the long term, sustainable demand for video meetings to connect remote workers and geographically dispersed teams. Growth in 2020 was primarily driven by adoption from remote workers, digital healthcare and online education. As travel and proximity restrictions triggered massive Work-from-Home (WFH) policies, meeting rooms remained more or less in a holding pattern. 2021 marks the beginning of the revival of meeting rooms and office spaces. As businesses and educational institutions prepare for the return to work, it is expected that meeting rooms and classrooms will see heavy technology investments to support hybrid work and hybrid learning.

The video devices market is seeing an unprecedented pace of innovation with rampant proliferation in device form factors. A few years ago, users had limited choice of video conferencing devices. Today a growing array of device types and flexible deployment models are allowing end users greater choice for video conferencing at home, at the office, and on the go.

This report uncovers several top of mind trends for the short- to mid-term and analyzes the key workplace transformation and meeting device trends emerging in the post-pandemic era. As remote and hybrid work become the new normal, what will be the new growth opportunities
for video devices? What will the meeting rooms of tomorrow look like? Given the fast changing market landscape, there are significant growth opportunities for vendors that can differentiate on better quality and more scalable, manageable and secure services and devices that ensure an optimal meeting experience regardless of where users work from. Frost & Sullivan has analyzed the key market trends and has re-forecasted the user base/CAGR for video devices. This insight reassesses the growth opportunities available to vendors in this space and lays out key strategies for success in the post-COVID video conferencing devices market.

Author: Roopam Jain

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

Growth Opportunities Fuel the Growth Pipeline Engine™

Covid-19 and the Great Reset

More Meetings, More Rooms

Scope of Analysis

Market Segmentation

Segmentation by Meeting Room Size

Target Markets

Market Overview

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Future of Video Conferencing Devices

Key Growth Metrics for Video Conferencing Devices

Growth Drivers

Growth Restraints

Covid-19 Impact on Physical Office Space and Real Estate

Technology Prioritization Plans Post Covid-19

Workplace Evolution

Carpeted Offices Within Organizations

Meeting Room Trends

Meeting Room Trends (continued)

A Device for Every Space

Growing Deployment Options

Growing Choice of Devices

Video Conferencing Devices—Total Addressable Market (TAM)

Cloud Video Meetings Boomed During the Pandemic

Forecast Assumptions

Pre- and Post-Covid Comparative Forecast

Total Market Revenue and Unit Shipment Forecast

Total Market Revenue Forecast by Device Type

Total Market Unit Shipment Forecast by Device Type

Total Market Pricing Forecast

Percent of Revenue by Device Type

Percent of Unit Shipments by Device Type

Meeting Room Count and Video Conferencing Penetration Rate

Total Video Conferencing Devices—Revenue Forecast by Meeting Room Size

Total Video Conferencing Devices—Unit Forecast by Meeting Room Size

Classrooms—Revenue and Unit Shipment Forecast

Percent of Revenue by Room Size

Percent of Units by Room Size

Total Video Conferencing Devices—Revenue by Region

Europe Middle East Africa (EMEA)—Top 5 Countries in Revenue Rankings

Asia Pacific (APAC)—Top 5 Countries in Revenue Rankings Competitive intensity in a mature market

Latin America (LATAM)—Top 5 Countries in Revenue Rankings Growing acceptance of video

Competitive Environment

Revenue Market Share

Unit Market Share

Key Competitors

Growth Opportunities For Providers—Top Recommendations

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
The $2.75 billion global video conferencing devices market represents a secular growth opportunity driven by the long term, sustainable demand for video meetings to connect remote workers and geographically dispersed teams. Growth in 2020 was primarily driven by adoption from remote workers, digital healthcare and online education. As travel and proximity restrictions triggered massive Work-from-Home (WFH) policies, meeting rooms remained more or less in a holding pattern. 2021 marks the beginning of the revival of meeting rooms and office spaces. As businesses and educational institutions prepare for the return to work, it is expected that meeting rooms and classrooms will see heavy technology investments to support hybrid work and hybrid learning. The video devices market is seeing an unprecedented pace of innovation with rampant proliferation in device form factors. A few years ago, users had limited choice of video conferencing devices. Today a growing array of device types and flexible deployment models are allowing end users greater choice for video conferencing at home, at the office, and on the go. This report uncovers several top of mind trends for the short- to mid-term and analyzes the key workplace transformation and meeting device trends emerging in the post-pandemic era. As remote and hybrid work become the new normal, what will be the new growth opportunities for video devices What will the meeting rooms of tomorrow look like Given the fast changing market landscape, there are significant growth opportunities for vendors that can differentiate on better quality and more scalable, manageable and secure services and devices that ensure an optimal meeting experience regardless of where users work from. Frost & Sullivan has analyzed the key market trends and has re-forecasted the user base/CAGR for video devices. This insight reassesses the growth opportunities available to vendors in this space and lays out key strategies for success in the post-COVID video conferencing devices market. Author: Roopam Jain
More Information
No Index No
Podcast No
Predecessor K379-64
Author Roopam Jain
Industries Information Technology
WIP Number K5BE-01-00-00-00
Is Prebook No
GPS Codes 9705-C1,9610,9656