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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Deployment, Industry Vertical, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1.Introduction
1.1Study Scope
1.2The Insight Partners Research Report Guidance
1.3Market Segmentation
2.Key Takeaways
3.Research Methodology
3.1Coverage
3.2Secondary Research
3.3Primary Research
4.Video Conferencing Market Landscape
4.1Market Overview
4.1.1North America
4.2Ecosystem Analysis
5.Video Conferencing Market – Key Industry Dynamics
5.1Market Drivers
5.1.1Accentuating Demand from Small and Medium Enterprises
5.1.2Increasing Adoption of Advanced Technology in Educational and Healthcare Sectors
5.2Market Restraints
5.2.1Cyber-attacks Pose a Critical Challenge
5.2.2Weak Network Infrastructure in Various Developing Countries
5.3Market Opportunities
5.3.1US and Canada End Users to Stimulate the Demand
5.4Future Trends
5.4.1Commercialization of 5G to Revolutionize the Demand
5.5Impact Analysis of Drivers And Restraints
6.Video Conferencing Market – North America Market Analysis
6.1Video Conferencing Market Overview
6.2Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
7.Video Conferencing Market Analysis – By Type
7.1Overview
7.2Video Conferencing Market, By Type (2019 and 2027)
7.3Hardware
7.3.1Overview
7.3.1.1Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.4Software
7.4.1Overview
7.4.1.1Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.5Services
7.5.1Overview
7.5.1.1Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.Video Conferencing Market Analysis – By Deployment
8.1Overview
8.2Video Conferencing Market, By Deployment (2019 and 2027)
8.3Cloud
8.3.1Overview
8.3.1.1Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.4On-Premise
8.4.1Overview
8.4.1.1On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.5Hybrid
8.5.1Overview
8.5.1.1Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.Video Conferencing Market Analysis – By Industry Vertical
9.1Overview
9.2Video Conferencing Market, By Industry Vertical (2019 and 2027)
9.3Corporate Enterprises
9.3.1Overview
9.3.1.1Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.4Government& Defense
9.4.1Overview
9.4.1.1Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.5Healthcare
9.5.1Overview
9.5.1.1Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.6Education
9.6.1Overview
9.6.1.1Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.7Manufacturing
9.7.1Overview
9.7.1.1Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.8Others
9.8.1Overview
9.8.1.1Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
10.North America Video Conferencing Market – Country Analysis
10.1North America: Video Conferencing Market
10.1.1North America: Video Conferencing Market, by Key Country
10.1.1.1US: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1US: Video Conferencing Market, by Type
10.1.1.1.2US: Video Conferencing Market, by Deployment
10.1.1.1.3US: Video Conferencing Market, by Industry Vertical
10.1.1.2Canada: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1Canada: Video Conferencing Market, by Type
10.1.1.2.2Canada: Video Conferencing Market, by Deployment
10.1.1.2.3Canada: Video Conferencing Market, by Industry Vertical
10.1.1.3Mexico: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1Mexico: Video Conferencing Market, by Type
10.1.1.3.2Mexico: Video Conferencing Market, by Deployment
10.1.1.3.3Mexico: Video Conferencing Market, by Industry Vertical
11.Impact of COVID-19 Pandemic On North America Video Conferencing Market
11.1North America: Impact Assessment of COVID-19 Pandemic
12.Industry Landscape
12.1Overview
12.2Market Initiative
12.3New Development
13.Company Profiles
13.1Adobe Inc.
13.1.1Key Facts
13.1.2Business Description
13.1.3Products and Services
13.1.4Financial Overview
13.1.5SWOT Analysis
13.1.6Key Developments
13.2Avaya Inc.
13.2.1Key Facts
13.2.2Business Description
13.2.3Products and Services
13.2.4Financial Overview
13.2.5SWOT Analysis
13.2.6Key Developments
13.3Cisco Systems, Inc.
13.3.1Key Facts
13.3.2Business Description
13.3.3Products and Services
13.3.4Financial Overview
13.3.5SWOT Analysis
13.3.6Key Developments
13.4Google LLC
13.4.1Key Facts
13.4.2Business Description
13.4.3Products and Services
13.4.4Financial Overview
13.4.5SWOT Analysis
13.4.6Key Developments
13.5Microsoft Corporation
13.5.1Key Facts
13.5.2Business Description
13.5.3Products and Services
13.5.4Financial Overview
13.5.5SWOT Analysis
13.5.6Key Developments
13.6Polycom, Inc.
13.6.1Key Facts
13.6.2Business Description
13.6.3Products and Services
13.6.4Financial Overview
13.6.5SWOT Analysis
13.6.6Key Developments
13.7ZTE Corporation
13.7.1Key Facts
13.7.2Business Description
13.7.3Products and Services
13.7.4Financial Overview
13.7.5SWOT Analysis
13.7.6Key Developments
13.8Lifesize Inc.
13.8.1Key Facts
13.8.2Business Description
13.8.3Products and Services
13.8.4Financial Overview
13.8.5SWOT Analysis
13.8.6Key Developments
13.9Zoom Video Communications, Inc.
13.9.1Key Facts
13.9.2Business Description
13.9.3Products and Services
13.9.4Financial Overview
13.9.5SWOT Analysis
13.9.6Key Developments
13.10Huawei Technologies Co., Ltd.
13.10.1Key Facts
13.10.2Business Description
13.10.3Products and Services
13.10.4Financial Overview
13.10.5SWOT Analysis
13.10.6Key Developments
14.Appendix
14.1About The Insight Partners
14.2Word Index
LIST OF TABLES
Table 1.Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
Table 2.North America Video Conferencing Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3.US: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 4.US: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 5.US: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 6.Canada: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7.Canada: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 8.Canada: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 9.Mexico: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 10.Mexico: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 11.Mexico: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 12.Video Conferencing Market: List of Abbreviation
LIST OF FIGURES
Figure 1.Video Conferencing Market Segmentation
Figure 2.Video Conferencing Market Segmentation – By Country
Figure 3.North America Video Conferencing Market
Figure 4.Hardware segment is expected to dominate the market, by type
Figure 5.Hybrid to witness high CAGR during the forecast period
Figure 6.Corporate enterprise is expected to dominate the market during the forecast period
Figure 7.North America: PEST Analysis
Figure 8.Video Conferencing Market Ecosystem Analysis
Figure 9.Video Conferencing Market Impact Analysis of Drivers And Restraints
Figure 10.Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11.North America: Video Conferencing Market Revenue Share, by Type (2019 and 2027)
Figure 12.Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13.Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14.Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15.North America: Video Conferencing Market Revenue Share, by Deployment (2019 and 2027)
Figure 16.Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17.On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18.Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19.North America: Video Conferencing Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 20.Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21.Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22.Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23.Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24.Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25.Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26.North America: Video Conferencing Market Revenue Share, by Key Country (2019 and 2027)
Figure 27.US: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28.Canada: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29.Mexico: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30.Impact of COVID-19 Pandemic in North American Country
- Adobe Inc.
- Amazon
- Brother International Corporation
- Cisco Systems, Inc.
- Facebook, Inc.
- Google LLC
- Microsoft Corporation
- TeamViewer GmbH
- Zoho Corporation
- Zoom Video Communications, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to North America Video Conferencing Market
Aug 2020
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Aug 2020
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Aug 2020
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Aug 2020
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Aug 2020
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Aug 2020
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Aug 2020
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
Aug 2020
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)