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North America Video Conferencing Market 2020 Industry Outline, Global Executive Players, Interpretation and Benefit Growth to 2027

North America Video Conferencing Market 2020 Booming Worldwide With Eminent Key Players Adobe Inc., Amazon, Brother International Corporation, Cisco Systems, Inc., Facebook, Inc., Google LLC, Microsoft Corporation

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; it is expected to grow at a CAGR of 5.2% from 2020 to 2027.

North America being economically advanced region, is on the surge of implementation of upcoming technologies among the large enterprises as well as SMEs, as these enterprises are open for adopting new emerging technologies with an objective to gain larger customer base and market share. Additionally, several organizations are investing lump sum amounts toward transformation of their workspaces with digital technologies, which is expected to drive the growth of Video Conferencing Market. The transformation of conventional workspace to digital workspace is majorly seen in the US, followed by Canada and Mexico.

 

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Key Players:

Adobe Inc.

Amazon

Brother International Corporation

Cisco Systems, Inc.

Facebook, Inc.

Google LLC

Microsoft Corporation

TeamViewer GmbH

Zoho Corporation

Zoom Video Communications, Inc.

 

The enterprises in the North American region especially the US and Canada are well-aware of the benefits of video conferencing solutions available in the market. Pertaining to this, the large enterprises as well as SMEs continue to procure audio-visual over IP solutions, which catalyze the growth of the market. Although, the large enterprises in the Mexico are aware of the benefits, the SMEs in the country still lag behind in implementing the same. The rising capital investments among the Mexican SMEs is foreseen to create lucrative video conferencing demand in the country.

The U.S has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the ICT industry in the region as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth. Coordination with the employees and availability of advanced telecommunication infrastructure is the key factor creating the demand for video conferencing solution during the pandemic in North America region.

 

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Points Covered in the Report:

  1. The pivotal aspects considered in the Global Video Conferencing Market report consist of leading competitors functioning in the global market.
  2. The report encompasses company profiles prominently positioned in the global market.
  3. The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
  4. The driving factors for the growth of the Global Video Conferencing Market are explained exhaustively, along with an in-depth account of the end users in the industry.
  5. The report also explains critical application areas of the global market to readers/users.
  6. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Video Conferencing Market.
  7. The report on the Global Video Conferencing Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying Video Conferencing Market Report:

  • The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
  • It also presents an in-depth view of different factors driving or restraining the growth of the global market.
  • The Global Video Conferencing Market report provides a five-year forecast derived on the basis of the potential growth of the market.
  • It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.

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Video Conferencing Market is Big Booming with Business Experts Ideas by Top Companies 2030

According to Market Industry Reports, the Video Conferencing Market is anticipated to reach USD XX billion by the end of 2030 with projected CAGR of XX% over the near future. The report delivers thorough analysis of the key drivers, opportunities, challenges, restraints for the industry players and the market on the global scale. The report further states about the key categories of the Video Conferencing market including product type, application, and geography. Every category of the market is delivered with current scenario that will help the buyers, investors, market players understand the current landscape and plan their future strategies accordingly.

COVID-19 Impact:
The introduction of COVID-19 pandemic has considerably impacted the Video Conferencing market. the demand, production, innovations, and delivery and supply of essential components and services has been interrupted due to the panic created in the minds of customers and also working labor force in the industries. Nevertheless, the key manufacturing and service providing companies involved in the Video Conferencing market have planned few effective strategies that would be applied post-pandemic and stabilize the industry in short time.

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List of Key Vendors:
Zoom Video Communications, Inc., LogMeIn, Inc., Cisco, ON24, Inc., Adobe, Click Meeting, and Microsoft, among others.

Video Conferencing Market by Types:
Software and Hardware

Video Conferencing Market by Applications:
Corporate Enterprises, Education, Government, and Entertainment

SWOT Analysis:
Strengths:

Increasing funding by the investors for improved product launches
Increasing demand for the newly launched product by users across the globe
Increasing penetration of ecommerce and hence, online availability of products in low prices

Weaknesses:
Low awareness in the unexplored areas

Opportunities:
Increasing product demand in the developing economies
Improved product marketing campaigns in the developing regions

Threats:
Availability of cheaper substitutes
Consumer shift towards easily available alternatives

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Regional and Competitors Landscape:

The major competitors included in the Video Conferencing Market research report are engaged in constant technological improvements to offer comparatively faster services to users and gain their trust. This will help the players to expand their business ad row their business geographically and increase their product portfolio. Reginald insights are also focused in the Video Conferencing market research report for better understanding of the unexplored regions and exact demand of their products in the crucial regions. For better growth of businesses, players can also adopt various growth strategies like partnerships, merger and acquisition, innovations, new product launches, and more.

The key highlights of the Video Conferencing Market include:

Compound Annual Growth Rate of the Video Conferencing market over the forecast period 2020-2030
Expectations on futuristic trends and considerable changes in consumer buying behavior
The growth of the Video Conferencing market in the past few years and futuristic growth
Thorough information on the essential factors that will impact the Video Conferencing market growth over the coming seven years
Complete analysis of the industry competitive landscape and thorough vendor information with highlights on recent news
Prediction of the size of the Video Conferencing market and its remarkable contribution to the parent industry
Complete details of the factors that are expected to challenge and hinder the growth of Video Conferencing market players

Table of Content:

Chapter 1: Market Insights
1.1 Scope of Study
1.2 Key Industry Segments
1.3 Regulatory Landscape by Country/Region
1.4 Market Investment Scenario
1.5 Market Analysis by Type
1.5.1 Global Video Conferencing Market Share by Type
1.6 Market by Application
1.6.1 Global Video Conferencing Market Share by Application
1.7 Video Conferencing Market Development Trends under COVID-19 Outburst
1.7.1 Global COVID-19 Status Overview
1.7.2 Impact of COVID-19 Pandemic on Video Conferencing Market Development

Chapter 2: Global Market Growth Trends

2.1 Market Trends
2.1.1 SWOT Analysis
2.1.2 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
2.3 Market Recent Trends and Policies by Regions
2.4 Market Trends under COVID-19

Chapter 3: Value Chain of Video Conferencing Market

3.1 Value Chain Status
3.2 Video Conferencing Manufacturing Cost Structure Analysis
3.3 Marketing and Sales Model Analysis
3.4 Downstream Major Customer Analysis (Region-wise)
3.5 Value Chain Status under COVID-19

Chapter 4: Players Profiles

Chapter 5: Regions Video Conferencing Market Analyses

5.1 Video Conferencing Revenue, Sales, and Market Share by Regions
5.1.1 Video Conferencing Revenue by Regions
5.1.2 Video Conferencing Sales by Regions
5.2 North America Video Conferencing Growth Rate and Sales
5.3 Latin America Video Conferencing Growth Rate and Sales
5.4 Europe Video Conferencing Growth Rate and Sales
5.5 Asia-Pacific Video Conferencing Growth Rate and Sales
5.6 Middle East and Africa Video Conferencing Growth Rate and Sales

Chapter 6: Video Conferencing Market Segment by Product Type

6.1 Video Conferencing Revenue, Sales and Market Share by Product Type
6.1.1 Video Conferencing Market Share and Sales by Product Type
6.1.2 Video Conferencing Market Share and Revenue by Product Type

Chapter 7: Video Conferencing Market Segment by Applications

7.1 Video Conferencing Revenue, Sales and Market Share by Applications
7.1.1 Video Conferencing Market Share and Sales by Applications
7.1.2 Video Conferencing Market Share and Revenue by Applications

Chapter 8: Video Conferencing Market Forecast by Regions

8.1 Video Conferencing Revenue, Sales, and Growth Rate
8.2 Video Conferencing Market Forecast by Regions
8.2.1 North America Video Conferencing Market Forecast
8.2.2 Latin America Video Conferencing Market Forecast
8.2.3 Europe Video Conferencing Market Forecast
8.2.4 Asia-Pacific Video Conferencing Market Forecast
8.2.5 Middle East and Africa Video Conferencing Market Forecast
8.3 Video Conferencing Market Forecast by Types
8.4 Video Conferencing Market Forecast by Applications
8.5 Video Conferencing Market Forecast during COVID-19 pandemic

Chapter 9: Appendix
15.1 Source of Researched Data
15.2 Research Methodology

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