Asia Pacific Video Conferencing Market Growth Opportunities and Forecast by 2027

The video conferencing market in APAC was valued at US$ 1,383.5million in 2019 and is projected to reach US$ 3,432.4 million by 2027; it is expected to grow at a CAGR of 11.4% from 2020 to 2027.

Developing countries such as the China and India are expected to offer ample growth opportunities to Asia Pacific Video Conferencing Market players operating in this region in the coming years.

Factors such as favorable environment for collaborations, and rising focus on organizing and simplifying meeting experiences as well as on the rapid sharing of information are the major aspects boosting the sales of video conferencing equipment. The increasingly popularizing concept of flexible working creates more dynamic, engaging, and productive work environments. The presence of a high number of corporate, education, healthcare, financial services, manufacturing, government, and public sectors in APAC would eventually accelerate the use of video conferencing equipment and apps.

The internet plays a crucial role in video conferencing. The internet networks (both mobile network as well as Wi-Fi) in the modern world has helped several enterprises to connect to their clients, customers, and individuals visually. Several technology developers and telecommunication companies are escalating their research & development (R&D) to establish a strong 5G network. The emergence and commercialization of the 5G network are expected to revolutionize the video conferencing market.

The 5G network would provide enhanced power to video conferencing solutions, as it can offer high speed connectivity compared to the current networks. With speed connectivity, it is imminent that the video conferencing market players would witness a new wave of video communication across the globe. The 5G network is expected to offer twenty times faster speed than 4G, with higher bandwidth. Thus, higher speed and bandwidth would enable the virtual meeting solution end users to connect more number of individuals and conduct the meeting without latency.  Additionally, the 5G network would also facilitate improved video conference with clear video and uninterrupted business meetings. The emergence of 5G is expected to bring innovations in telepresence with holographic conferencing capabilities, and ultra HD video calling is likely to be mainstream.

APAC Video Conferencing Market Segmentation

• APAC Video Conferencing Market – By Type

  • Hardware
  • Software
  • Services

• APAC Video Conferencing Market – By Deployment

  • On-Premise
  • Cloud
  • Hybrid

• APAC Video Conferencing Market – By Industry Vertical

  • Corporate Enterprise
  • Government & Defense
  • Healthcare
  • Education
  • Manufacturing
  • Others

• APAC Video Conferencing Market – By Country

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Rest of APAC

APAC Video Conferencing Market – Companies Mentioned

• Adobe Inc.
• Amazon
• Brother International Corporation
• Cisco Systems, Inc.
• Facebook, Inc.
• Google LLC
• Microsoft Corporation
• TeamViewer GmbH
• Zoho Corporation
• Zoom Video Communications, Inc.

Asia Pacific Video Conferencing Report Scope