Video Conferencing Market is predicted to reach USD 19.0 billion at a CAGR of 12.30% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Video Conferencing Market”.

The video conferencing market is estimated to register a CAGR of 12.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global video conferencing market— Avaya, Inc. (U.S.), AVer Information, Inc. (Taiwan), Blue Jeans Network, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Logitech International S.A. (Switzerland), Microsoft Corporation (U.S.), Panasonic Corporation (Japan), Polycom, Inc. (Plantronics, Inc.) (U.S.), Zoom Video Communications, Inc. (U.S.).

Video Conferencing Market Highlights

The global video conferencing market is accounted to register a CAGR of 12.30% during the forecast period and is estimated to reach USD 19.03 Billion by 2032.

The industry that offers software, hardware, and services for online meetings and collaboration is known as the "video conferencing market." With the expansion of remote work and the requirement for seamless communication and collaboration across geographic areas, which increases productivity and lowers travel expenses, this global market has seen tremendous growth.

Segment Analysis

The global video conferencing market has been segmented based component, conference type, deployment, enterprise type, application and industry.

On the basis of component, the market is segmented into hardware and software. Hardware segment dominated the global market in 2022. This can be attributed to the widespread use of endpoints, or gadgets with high-resolution cameras, speakers, and microphones, such smartphones, laptops, and desktop PCs.

Based on conference type, the global video conferencing market has been segmented into telepresence system, integrated system, desktop system, service-based system, and others. Telepresence system segment dominated the global Video Conferencing market in 2022. This is a result of the telepresence system conference type's rising global demand.

Based on deployment, the global video conferencing market has been segmented into cloud and on-premises. On-premises segment dominated the global Video Conferencing market in 2022. The main reason for this is the increased use of this deployment strategy by major enterprises as a result of rising data security concerns.

Based on enterprise type, the global video conferencing market has been segmented into small and medium enterprises and large enterprises. Large enterprises segment dominated the global market in 2022. This can be explained by the fact that video conferencing solutions are widely used by large firms for international business interactions.

Based on application, the global video conferencing market has been segmented into small room, huddle rooms, middle rooms, and large rooms. Small rooms segment dominated the global market in 2022. This is due to the rise in demand for conference video endpoints, hardware components that are installed and configured in conference rooms.

Based on Industry, the global video conferencing market has been segmented into IT & telecom, government, healthcare, manufacturing, BFSI, education, media & entertainment, and others. Education segment dominated the global market in 2022. This may be attributed to the growing consumer interest in cloud-based communication and collaboration solutions.

Regional Analysis

The global video conferencing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe video conferencing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The video conferencing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World video conferencing market comprises of Middle East, Africa, and Latin America.

The North America video conferencing Market dominated this market in 2022 (45.80%). The increased adoption rate in the area is to blame for this. The market is anticipated to increase as a result of the rising demand for high-quality internet and visual meeting services. Additionally, the strong regional presence of several key competitors and the expanding popularity of Bring Your Own Device (BYOD) solutions, which has increased demand for webcams and headphones, are propelling market expansion.

Moreover, in 2022, Europe held a sizable market share for video conferencing. Due to advancements in mobile broadband technologies like WiMAX and High-Speed Downlink Packed-Access (HSDPA) networks, the market will grow more swiftly.

Additionally, from 2023 to 2032, the Asia Pacific video conferencing industry is anticipated to grow significantly. The COVID-19 epidemic prompted many companies to employ remote working, which contributed to the development of a high-quality internet infrastructure in the region. As a result, there was a dramatic rise in the need for gear for video conferencing, collaboration tools, and accessories.

Furthermore, the industry that offers software, gear, and services for virtual meetings and collaboration specifically in the Latin American region is included in the Latin America Video Conferencing Market. Due to the growing popularity of remote work and the demand for effective communication and collaboration solutions in Latin American nations, this industry has experienced significant growth.

Key Findings of the Study

• The global video conferencing market is expected to reach USD 19.03 Billion by 2032, at a CAGR of 12.30%% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market as numerous businesses were forced to use remote working due of the COVID-19 epidemic, which aided in the growth of high-quality internet infrastructure in the area.


• Based on application, the small room segment was attributed to holding the largest market in 2022.


• Avaya, Inc. (U.S.), AVer Information, Inc. (Taiwan), Blue Jeans Network, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Logitech International S.A. (Switzerland), Microsoft Corporation (U.S.), Panasonic Corporation (Japan), Polycom, Inc. (Plantronics, Inc.) (U.S.), Zoom Video Communications, Inc. (U.S.).