Enterprise Video Conferencing Market Trends, Growth, Opportunities 2031

 Research Nester published a report titled “Enterprise Video Conferencing Market”: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global enterprise video conferencing market in terms of market segmentation by deployment, component, enterprise size, application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global enterprise video conferencing market is anticipated to grow with a CAGR of ~12% over the forecast period, i.e., 2022 - 2031. The market is segmented by end-user into education, corporate, healthcare, government & defense, media & entertainment, BFSI, and others. Amongst these, the corporate segment is anticipated to grow at the highest rate during the forecast period on the back of the rising number of organization teams to collaborate together and to attend various training sessions from the different corners of the world.

The global enterprise video conferencing marketis estimated to significantly grow owing to the escalating utilization of Internet of Things (IoT), growing 5G network which functions more quickly on mobile phones and other devices in comparison to 4G and 4G LTE. Furthermore, implementation of cloud technology, and escalating use of Artificial Intelligence (AI) are also major growth factors of global enterprise video conferencing market.

Regionally, the global enterprise video conferencing market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is estimated to witness significant growth over the forecast period owing to the continuous technological developments,amplified demand for high internet connectivity and virtual meetings, well-established ventures in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Emerging Remote Working Concept to Drive the Growth of the Market

By January 2022, about 58% of enterprises around the world have adopted the totally remote or hybrid working paradigm.

Nowadays, remote work culture has been gaining much hype as it provides greater flexibility and autonomy in terms of location and working hours. Companies also benefit as well when they support remote workers. They benefit from lower costs and lower effects on the environment, as well as increased productivity and employee retention.Therefore, remote work culture is anticipated to drive the growth of the global enterprise video conferencing market.

However, data privacy and security matter, shortage of skilled software engineers, and high price of hardware solutions disposition are expected to operate as key restraint to the growth of global enterprise video conferencing market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global enterprise video conferencing market which includes company profiling ofMicrosoft Corporation, Cisco Systems, Inc., ZTE Corporation, NTT Communications Corporation, AVer Information Inc., Zoom Video Communications, Inc., Avaya Inc., Singtel Optus Pty Limited, 8x8, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global enterprise video conferencing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.