Europe Video Conferencing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Hardware, Software, and Services); Deployment (On-premise, Hybrid, and Cloud); Industry Vertical (Corporate Enterprise, Government & Defense, Healthcare, Education, Manufacturing, and Others), and Country
Market Introduction
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. Video conferencing technologies are emerging as a popular collaborative tool. This technology enables mobile employees and remote workers to communicate with their other peers in a better immersive format. Business leaders are presenting more compelling sales strategies to clients and stakeholders. In addition, amid of COVID-19 outbreak, the use of video conferencing technologies in the entire European market has accelerated. As per the latest report published by the World Health Organization (WHO), the region has 1 187 184 confirmed cases with 106 342 deaths. Spain, Italy, Germany, the UK, and France are the major countries that have witnessed a large number of positive cases and deaths. Therefore, to control the adverse impact of COID-19 on individuals, IT firms, educational institutes, the public sector, manufacturing units, and other industries have shut down their offices temporarily. In the wake of COVID-19, now the professionals are using video conferencing technologies to ensure constant and nonstop business activities.
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Market Overview and Dynamics
The video conferencing market in Europe was valued at US$ 1,653.8million in 2019 and is projected to reach US$ 3,727.8 million by 2027; it is expected to grow at a CAGR of 10.1% from 2020 to 2027. The countries in Europe region are the fastest growing economies in the world. The rate of industrialization in Europe is stupendous, and it is expected to continue in coming years. Several large enterprises in the region are expanding their business across the Europe region, leading the industrialization at a prime rate. Additionally, emerging SMEs with higher capital investments are also expected to boost the adoption of video conferencing tools. Thus, considering the growth prospect of large enterprises and SMEs in the region, the video conferencing market players in the region are anticipated to witness a significant demand.
Countries such as UK, Germany, and France are technologically advancing, by hosting numerous large enterprises and SMEs year on year. Traditionally, the enterprises in these countries used Virtual Private Network (VPN) to interact among teams or clients. With the evolution of video conferencing tools, the majority of large enterprises and several SMEs are switching to advanced solutions.
Key Market Segments
In terms of type, the hardware segment in the video conferencing market accounted for the largest share in 2019. In terms of deployment, the cloud segment in the video conferencing market accounted for the largest share in 2019. In terms of industry vertical, corporate enterprises segment in the video conferencing market accounted for the largest share in 2019.
Major Sources and Companies Listed
Several major primary and secondary sources referred to for preparing this report on the video conferencing in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe Inc., Google LLC, Microsoft Corporation, and Zoom Video Communications, Inc., among others.
Reasons to buy report
- It provides understanding of the Europe Video Conferencing market landscape and identifies market segments that are most likely to guarantee a strong return.
- It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the Europe Video Conferencing.
- It helps efficiently plan merger and acquisition, and partnership deals in the Europe Video Conferencing market by identifying market segments with the most promising probable sales
- It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of market performance of various segments pertaining to the Europe Video Conferencing market.
- It provides market revenue forecast of the market based on various segments for the period from 2020 to 2027.
Europe Video Conferencing Market Segmentation
- Europe Video Conferencing Market – By Type
- Europe Video Conferencing Market – By Deployment
- On-Premise
- Cloud
- Hybrid
- Europe Video Conferencing Market – By Industry Vertical
- Corporate Enterprise
- Government & Defense
- Healthcare
- Education
- Manufacturing
- Others
Europe 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Video Conferencing Market Landscape
4.1 Market Overview
4.1.1 Europe
4.2 Ecosystem Analysis
5. Video Conferencing Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Accentuating Demand from Small and Medium Enterprises
5.1.2 Increasing Adoption of Advanced Technology in Educational and Healthcare Sectors
5.2 Market Restraints
5.2.1 Cyber-attacks Pose a Critical Challenge
5.2.2 Weak Network Infrastructure in Various Developing Countries
5.3 Market Opportunities
5.3.1 Europe End Users to Stimulate the Demand
5.4 Future Trends
5.4.1 Commercialization of 5G to Revolutionize the Demand
5.5 Impact Analysis of Drivers And Restraints
6. Video Conferencing Market – Europe Market Analysis
6.1 Video Conferencing Market Overview
6.2 Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
7. Video Conferencing Market Analysis – By Type
7.1 Overview
7.2 Video Conferencing Market, By Type (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.1.1 Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.1.1 Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.1.1 Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8. Video Conferencing Market Analysis – By Deployment
8.1 Overview
8.2 Video Conferencing Market, By Deployment (2019 and 2027)
8.3 Cloud
8.3.1 Overview
8.3.1.1 Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.1.1 On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Hybrid
8.5.1 Overview
8.5.1.1 Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9. Video Conferencing Market Analysis – By Industry Vertical
9.1 Overview
9.2 Video Conferencing Market, By Industry Vertical (2019 and 2027)
9.3 Corporate Enterprises
9.3.1 Overview
9.3.1.1 Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Government& Defense
9.4.1 Overview
9.4.1.1 Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.1.1 Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.1.1 Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Manufacturing
9.7.1 Overview
9.7.1.1 Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.1.1 Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
10. Europe Video Conferencing Market – Country Analysis
10.1 Europe: Video Conferencing Market
10.1.1 Europe: Video Conferencing Market, by Key Country
10.1.1.1 Germany: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Video Conferencing Market, by Type
10.1.1.1.2 Germany: Video Conferencing Market, by Deployment
10.1.1.1.3 Germany: Video Conferencing Market, by Industry Vertical
10.1.1.2 France: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Video Conferencing Market, by Type
10.1.1.2.2 France: Video Conferencing Market, by Deployment
10.1.1.2.3 France: Video Conferencing Market, by Industry Vertical
10.1.1.3 Italy: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Video Conferencing Market, by Type
10.1.1.3.2 Italy: Video Conferencing Market, by Deployment
10.1.1.3.3 Italy: Video Conferencing Market, by Industry Vertical
10.1.1.4 UK: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Video Conferencing Market, by Type
10.1.1.4.2 UK: Video Conferencing Market, by Deployment
10.1.1.4.3 UK: Video Conferencing Market, by Industry Vertical
10.1.1.5 Russia: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Video Conferencing Market, by Type
10.1.1.5.2 Russia: Video Conferencing Market, by Deployment
10.1.1.5.3 Russia: Video Conferencing Market, by Industry Vertical
10.1.1.6 Rest of Europe: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Video Conferencing Market, by Type
10.1.1.6.2 Rest of Europe: Video Conferencing Market, by Deployment
10.1.1.6.3 Rest of Europe: Video Conferencing Market, by Industry Vertical
11. Impact of COVID-19 Pandemic On Europe Video Conferencing Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Adobe Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Avaya Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cisco Systems, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Google LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microsoft Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Polycom, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZTE Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Lifesize Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zoom Video Communications, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Huawei Technologies Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe Video Conferencing Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 8. France: Video Conferencing Market, By End-Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 14. UK: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of Europe: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 21. 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. Europe video conferencing market
Figure 4. ardware 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. Europe: 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. Europe: 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. Europe: 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. Europe: 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. Europe: Video Conferencing Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. Germany: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. France: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Italy: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. UK: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Russia: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Rest of Europe: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country
- Adobe Inc.
- Amazon
- Brother International Corporation
- Cisco Systems, Inc.
- Facebook, Inc.
- Google LLC
- Microsoft Corporation
- TeamViewer GmbH
- Zoho Corporation
- Zoom Video Communications, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Video Conferencing Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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