North America Video Conferencing Market Size and Competitive Analysis by 2027

The Video Conferencing Market in North America was valued at US$ 2,029.8 million in 2019 and is projected to reach US$ 3,180.3 million by 2027.

Advancements in the 5G communication technology and efforts toward its commercialization are among the factors fuelling the growth of the Video Conferencing Market. Roll out of 5G would encourage the employees to conduct office meetings from personal devices such as smartphones and laptops. With the growing preference for flexible workplace, mainly among the millennial population, the North Amirica Video Conferencing Market for both hardware and software is likely to progress in the coming years.

Video conferencing is a live video-based platform made for conducting meetings between two or more individuals in distinct locations through a video-enabled devices. It enables several individuals to meet and collaborate face to face through long distance meeting by transmitting video, audio, text, and presentations in a real time via internet. The adoption of video conferencing has increased rapidly in the last few years. The businesses are observing a broad array of advantages as the companies are replacing their obsolete web or audio conferencing contracts with a modern cloud-based video conferencing solutions. Through their video conferencing solutions, players such as Zoom and Lifesize help enhance team communications and collaborations while increasing employee engagement and reducing operating costs.

The US industries continue to expand their business units across the nation’s borders. This is majorly attributed to the fact that the US government supports the well-established companies as well as the emerging companies or the SMEs to expand their businesses. The strong financial support from the government enables the SMEs and emerging companies to grow their businesses by expanding and incorporating newer and robust technologies such as establishing video conference set up at the new workspace. Thus, with continuous financial support from the government, the demand for Video Conferencing Market solutions is expected to rise.

North America Video Conferencing Market Segmentation

North America Video Conferencing Market – By Type

• Hardware
• Software
• Services

North America Video Conferencing Market – By Deployment

• On-Premise
• Cloud
• Hybrid

North America Video Conferencing Market – By Industry Vertical

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

North America Video Conferencing Market – By Country

• US
• Canada
• Mexico

North America 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.

North America Video Conferencing Report Scope