Video Conferencing Market size was valued at USD 9.33 billion in 2023 & is estimated to reach Grow 9.5% CAGR by 2030

4 min readJul 18, 2024

The Video Conferencing Market report by MarkNtel Advisors — Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.

How Big is the Video Conferencing Industry?

The Global Video Conferencing Market size reached USD 9.33 Billion in 2023. Looking forward, it is expected to rise at a CAGR of around 9.5% during the forecast period 2024–2030.

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Video Conferencing Market Trend:

Enhanced Collaboration Features Gaining Traction — The Global Video Conferencing Market is seeing a rise in the trend of including enhanced collaboration features. The need for video conferencing solutions that go beyond simple communication to enable more involved and fruitful collaboration among users is rising as businesses adjust to distant and hybrid work patterns. Video conferencing solutions are progressively offering enhanced collaboration features, including interactive polling, document sharing, screen sharing, real-time co-editing, virtual whiteboards, etc.

Regardless of where they are physically present, participants may communicate more successfully during meetings, generate ideas, annotate papers, and make decisions in real time due to these features. For instance, virtual whiteboards encourage creativity and visual communication by enabling users to take notes, draw diagrams, and depict ideas during conversation. Teams may work together more productively and cooperatively on documents, spreadsheets, and presentations with the help of document sharing and real-time co-editing tools.

Competitor Breakdown: Top Video Conferencing Companies 2024–2030

Adobe Inc.
AURA Presence, LLC.
Avaya Inc.
AWS
Cisco Systems, Inc.
Google
HP
Huawei Technologies Co., Ltd.
Logitech International S.A
LumenVox LLC
Microsoft Corporation
Plantronics, Inc.
Vidyo, Inc
West Corporation (Intrado Corporation)
Zoom Video Communications, Inc
Panasonic Corporation
Sonic Foundry Inc.
Lifesize, Inc.
BlueJeans Network
others

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Regional Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Share of each region segment in the Market
Potential growth opportunities in the region
The growth rate of the region in the Industry

Breaking Down the Video Conferencing Market Segmentation:

By Component

Hardware
Camera
Microphone/Headphone
Others
Software
Services
Professional services
Managed services

By Deployment

On Premise
Cloud

By Application

Consumer
Enterprise
Corporate Communications
Learning & Development
Client Management
Others (Marketing, Admin, etc.)

By End-Users

IT/ITeS
Banking Finance Services & Insurance (BFSI)
Education
Healthcare
Government & Defence
Media & Entertainment
Education Institutes
Others

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