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Video Conferencing Market Analysis

  • Report ID: GMI3003
  • Published Date: Dec 2022
  • Report Format: PDF

Video Conferencing Market Analysis

The hardware segment is anticipated to grow at around 10% growth rate between 2023 and 2032, propelled by the rising adoption of high-end audio-visual systems among educational institutions and global enterprises. Peripheral devices, such as microphones, video cameras, and speakers are vital for the uninterrupted and seamless operation of video conferencing systems, making them essential across global organizations and firms that are adopting the hybrid or WFH model.


The video conferencing market size from telepresence segment is poised to surpass USD 30 billion by 2032, led by the rising demand for immersive virtual collaboration solutions. The growth can also be credited to the capability of telepresence tools to emulate a physical meeting room appearance, making the sessions highly immersive. These systems can be integrated with multi-monitor, multi-microphone, multi-codec, and multi-channel speaker systems to attain the immersion.

The corporate enterprise application segment is projected to register a growth of 10% through 2032. On account of the rising penetration of digitalization throughout the global corporate sector. The digital transformation trend has encouraged small and medium-scale enterprises to opt for effective virtual collaboration techniques, boosting segment expansion. More and more SMEs are starting to use apps such as Microsoft teams, Zoom meetings, and Google meet for seamless virtual collaborations.

Asia Pacific Video Conferencing Market, By region

The Asia Pacific video conferencing market is expected to observe nearly 15% CAGR between 2023 and 2032. The regional growth is slated to be facilitated by the progressive government efforts to improve upon their respective communication infrastructure. Many regional governments are introducing schemes that emphasize of improving the affordability and accessibility of the Internet and other related services to support and accelerate public and private digital transformation initiatives.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of video conferencing crossed USD 25 billion in 2022 and is poised to depict over 10% CAGR from 2023 to 2032.

The telepresence type segment is slated to surpass USD 30 billion by 2032, driven by the ability of telepresence tools to emulate a physical meeting room and rising demand for immersive virtual co-working and collaboration solutions.

Asia Pacific market is expected to grow at around 15% growth rate through 2032, on account of progressive government efforts in the region to improve upon their respective communication and Internet infrastructure.

Some key contenders partaking in the global market include, Avaya Inc., Adobe Systems Incorporated, Cisco Systems, Inc., Microsoft Corporation, Google LLC, Zoom Video Communications, Inc., Huawei Technologies Co. Ltd., BlueJeans, among others.

Video Conferencing Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 409
  • Countries covered: 18
  • Pages: 300
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