Business conference call is a telephonic call involving three or more people from different geographic locations for business discussion. Conference phone system conducts and initiates a call, which enables multiple callers to converse and listen to each other on the same call. In a conference call, the host participant runs the call, while the other participants dial a number to connect to the call through a conference bridge. Manufactures use traditional public switched telephone network (PSTN), IP phones that utilize internet telephony, or voice over internet protocol (VoIP) for connectivity of conference calls. IP telephone system is an advanced technology in conference phone systems; the caller can use VoIP services in IP phones for better voice quality and advanced features of IP telephony. PSTN lines are used for traditional analog phone with limited functionalities. Highly advanced conference phones are available with a touch panel and better sound system, and captures voice in 360 degrees in a conference room. In standard analog phones, background noise, lack of voice clarity, and volume fluctuations usually create disturbances; in order to avoid such issues, enterprises are using dedicated conference phone systems.   

Rise in demand for standard business conferences, time saving methods, and simple solutions for making business calls are driving the growth of the conference phone systems market across the globe. Additionally, artificial intelligence in conference phone systems is anticipated to boost the market in the next few years. Enterprises are adopting new trends in communication media, such as users can communicate with each other with head mounted displays, which enable them to have hands-free communication experience during conference. Conference phone systems are a time-saving and cost-effective solution for enterprises for business communication. Demand from enterprises for more advanced technology solutions is expected to create opportunities for manufactures and solution vendors. Industries such as education and government are also adopting conference phone system to expand their international contacts. However, integration challenges associated with video conference system are expected to affect the growth of conference phone systems market in the near future. One box solution is more preferred among enterprises for conference system as it has low maintenance cost and less integration issues. The global conference phone systems market can be segmented based on product type, end-user, enterprise size, and geography. Based on product type, the conference phone systems market can be divided into wired devices and wireless devices. Wired devices can further be classified into analog system and IP phone. In terms of end-user, the conference phone systems market can be categorized into BFSI, government, IT & telecom, retail, automotive, education, health care, and manufacturing. Based on enterprise size, the conference phone systems market can be bifurcated into small & medium enterprises and large enterprises. In terms of geography, the global conference phone systems market can be segmented into South America, Asia Pacific, Middle East & Africa, Europe, and North America. North America is expected to be the leading revenue-generating region in the global conference phone systems market, mainly due to rise in demand for conference phone systems with latest technologies to enhance user experience. Asia Pacific is expected to be a rapidly growing conference phone systems market in the near future due to the growing IT & telecom sector and significant presence of electronic equipment manufacturers in the region. Major companies are expanding their services with managed distribution network through local dealers to reduce their operating expenses and increase operational skills to manage sales and distribution process. This is expected to supplement the overall growth of the conference phone systems market during the forecast period.

Key players operating in the conference phone systems market include Koninklijke Philips N.V., Sony Corporation, Yamaha Motor Company Limited, Robert Bosch LLC, Sennheiser electronic GmbH & Co. KG, ClearOne Communications Inc., Phoenix Audio Technologies Revolabs, Inc., D&M Holdings, Inc.,, Audio-Technica Corporation, TOA Corporation, Anchor Audio, Inc., Shure Incorporated, Acoustic Magic Inc., and Pyle Audio.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Conference Phone Systems Market

Pre Book