Enterprise Video Conferencing Market Emerging Trends And Future Opportunities 2031
Research
Nester published a report titled Enterprise
Video Conferencing Market”: Global Demand Analysis & Opportunity
Outlook 2031” which delivers
detailed overview of the global enterprise video conferencing market in terms
of market segmentation by deployment, component, enterprise size, application,
end-user, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global enterprise video conferencing market is anticipated to grow with a CAGR
of ~12% over the forecast period, i.e., 2022 - 2031. The market is segmented by
end-user into education, corporate, healthcare, government & defense, media
& entertainment, BFSI, and others. Amongst these, the corporate segment is
anticipated to grow at the highest rate during the forecast period on the back
of the rising number of organization teams to collaborate together and to
attend various training sessions from the different corners of the world.
The
global enterprise video conferencing marketis estimated to significantly grow
owing to the escalating utilization of Internet of Things (IoT), growing 5G
network which functions more quickly on mobile phones and other devices in
comparison to 4G and 4G LTE. Furthermore, implementation of cloud technology,
and escalating use of Artificial Intelligence (AI) are also major growth
factors of global enterprise video conferencing market.
Regionally, the global enterprise
video conferencing market is segmented into five major regions comprising
of North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. The market in the North America region is estimated to witness significant
growth over the forecast period owing to the continuous technological
developments,amplified demand for high internet connectivity and virtual
meetings, well-established ventures in the region.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Emerging
Remote Working Concept to Drive the Growth of the Market
By January 2022, about 58% of enterprises
around the world have adopted the totally remote or hybrid working paradigm.
Nowadays,
remote work culture has been gaining much hype as it provides greater
flexibility and autonomy in terms of location and working hours. Companies also
benefit as well when they support remote workers. They benefit from lower costs
and lower effects on the environment, as well as increased productivity and
employee retention.Therefore, remote work culture is anticipated to drive the
growth of the global enterprise video conferencing market.
However,
data privacy and security matter, shortage of skilled software engineers, and
high price of hardware solutions disposition are expected to operate as key
restraint to the growth of global enterprise video conferencing market over the
forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global enterprise video conferencing market which includes
company profiling ofMicrosoft Corporation, Cisco Systems, Inc., ZTE
Corporation, NTT Communications Corporation, AVer Information Inc., Zoom Video
Communications, Inc., Avaya Inc., Singtel Optus Pty Limited, 8x8, Inc., and
others. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global enterprise video conferencing market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.