Europe Video Conferencing Market
No. of Pages: 161 | Report Code: TIPRE00012806 | Category: Electronics and Semiconductor
No. of Pages: 161 | Report Code: TIPRE00012806 | Category: Electronics and Semiconductor
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.
Strategic insights for the Europe Video Conferencing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Video Conferencing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2019
US$ 1,653.8 Million
Market Size by 2027
US$ 3,727.8 Million
Global CAGR (2020 - 2027)
10.1%
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Type
By Deployment
By Industry Vertical
Regions and Countries Covered
Europe
Market leaders and key company profiles
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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
Europe Video Conferencing Market Segmentation
Europe Video Conferencing Market – Companies Mentioned
The Europe Video Conferencing Market is valued at US$ 1,653.8 Million in 2019, it is projected to reach US$ 3,727.8 Million by 2027.
As per our report Europe Video Conferencing Market, the market size is valued at US$ 1,653.8 Million in 2019, projecting it to reach US$ 3,727.8 Million by 2027. This translates to a CAGR of approximately 10.1% during the forecast period.
The Europe Video Conferencing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Video Conferencing Market report:
The Europe Video Conferencing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Video Conferencing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Video Conferencing Market value chain can benefit from the information contained in a comprehensive market report.
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