Cloud Based Video Conferencing Solutions Market Scope
Cloud based video conferencing solution enables online communication for audio meetings, video meetings, and seminars, with built-in features such as chat, screen sharing, and recording. These applications are implemented to enable long-distance or international communication, enhance collaboration, and reduce travel costs. Employees at every level within a business can use video conferencing tools to host or attend virtual meetings with fellow employees, customers, and company partners no matter where the attendees are physically located.
The increasing demand from companies to draw innovative ways to market their products or services has led to the increasing popularity of cloud-based conferencing solutions. Rising investments in marketing and advertising have also led to the growth of the cloud-based conference solutions market. Currently, the market of cloud-based conference solutions mostly is concentrated in North America. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Based Video Conferencing Solutions market throughout the predicted period.
Cisco (United States), ZTE (China), Microsoft (United States), Zoom (United States), Google (United States), BlueJeans (United States), Kedacom (China), Avaya (United States), Vidyo (United States), NEC Corp. (Japan) and Arkadin (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Citrix GoToMeeting (United States), Bria Teams Pro (Canada), Adobe Connect (United States), Lifesize (United States), ezTalks (United States) and Lifesize (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cloud Based Video Conferencing Solutions market by Type (PC Terminal and Mobile Terminal), by Application (Corporate Enterprise, Education, Government, Healthcare and Others) and Region with country level break-up.
On the basis of geography, the market of Cloud Based Video Conferencing Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In March 2021, Alianza Inc. announced the acquisition of CounterPath Corporation. With the help of this collaboration, CounterPath strengthens Alianza's ability to provide end-to-end cloud communication for its service providers.
In Oct 2020, NVIDIA announced the launch of enhanced streaming quality and AI-powered features platforms. This is a cloud-based suite that is accelerated by the AI video conferencing software. Through this initiative, the company is investing to become more competent in this industry.
Market Trend
- Trend of Bring Your Own Device (BYOD)
Market Drivers
- The Rising Demand for Cloud based Video Conferencing Solutions across the Various Industry Verticals
- Growth of the Telemedicine Industry and Increased Penetration of Online Education
- Development of Robust Digital Communication Infrastructure
Opportunities
- Upsurging Demand from Asia Pacific Region
Restraints
- An Availability of Free Solutions Hinders the Adoption of Paid Versions
Key Target Audience
Cloud Based Video Conferencing Solutions Companies, Regulatory & Government Bodies, Potential Investors, End Users, Downstream Vendors, Research & Consulting Firms and Others