Industry Background:
Video Conferencing Services allows the consumers to send and receive audio or video signals through the internet to convey the people on distinct sites together. The video conferencing which is also named as VC provides the new way of communication that is also known as the video tel-conference or the video conference. The service can be provided with the help of two-way video and audio transmissions. It permits two or more sites to interconnect by real-time two-way video and audio broadcasts.
According to AMA, the market for Video Conferencing is expected to register a CAGR of 7.82% during the forecast period to 2026. This growth is primarily driven by Ease of Remote Administration and Inspection and Introduction to High Capability Broadband Services.
Globally, a noticeable market trend is evident Number of Players are Focusing on Technological Developments and Building Cloud Based Applications
. The Internet Software & Services sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Adobe Systems Incorporated (United States), Arkadin Cloud Communications (France), JOYCE CR Ltd. (Czech Republic), Logitech International S.A. (Switzerland), Microsoft Corporation (United States), Orange Business Services (France), Vidyo, Inc. (United States), West Unified Communications Services (United States), ZTE Corporation (China) and Cisco Systems (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2018, Polycom has announced that it has completed an acquisition of Obihai Technology, a company that develops software and hardware for VoIP endpoints. This acquisition will allow Polycom to compete more effectively in the global voice market and expand its product portfolio to include complementary technologies.
Regulatory Insights:
“Department of Information Resources (DIR) has issued guidelines to offer operational and technical assistance for governmental bodies. DIR is required by Section 551.127, Texas Government Code, to specify minimum standards for audio and video signals at a meeting held by videoconference call. The respective Act provides technical and operational standards and recommendations to support 1TAC 209 as well as minimum standards for meetings held by videoconference. Video and audio recordings that meet the International Telecommunications Union (ITU) standards are of reasonable quality for the purposes of House Bill 283, 84th Legislature, 2015.”
Market Drivers
- Ease of Remote Administration and Inspection
- Introduction to High Capability Broadband Services
Market Trend
- Number of Players are Focusing on Technological Developments and Building Cloud Based Applications
- Introduction to Advanced Software as well as Integration of Newly Adopted Technologies
Restraints
- Lack of Internet Connectivity in Underdeveloped Regions
- Volatility in Video Conferencing Software Platforms
Opportunities
Rising Instances of Strategic Alliances across the Globe and Introduction to Mobile Video Conferencing Applications
Challenges
Prerequisites of Better Internet Connectivity and Conferencing Platforms
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Video Conferencing Study Sheds Light on
The Video Conferencing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Video Conferencing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Video Conferencing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.