Video conferencing is the telecommunication technologies allowing two or more persons at different locations to communicate by simultaneous two-way audio and video transmissions. Video conferencing services differ from the video call services, video conferencing majorly help in conferencing multiple locations over individuals. Video conferencing services providers have to follow certain standards laid by International Telecommunications Union (ITU) such as ITU H.320, ITU H.264 and ITU V.80. Key equipment used in video conferencing services are microphones, conference bridges, peripherals, cameras, external compression cards, internal compression cards, monitors, codecs and codec boards, software for video conferencing, desktop computers, phone links, roll-abouts and others.
Introduction of high capacity broadband telecommunication services is driving the adoption of video conferencing services. The demand for video conferencing services is increasing in industries such as media, business, education and healthcare acting as a driver for the market. Globalization and workforce decentralization are the business factors responsible for extensive use of video conferencing services in businesses. However, under developed telecommunication infrastructure in Asia Pacific and rest of the world region are restraining the growth in these regions. Global recessionary pressure is one of the major challenges for growth of this market. Developing markets such as India, China and Brazil hold immense market potential for the growth of video conferencing services market in coming years. Rapid proliferation of the IP based video conferencing systems and internet drives are expected to drive market in coming years. Server message block (SMB) and integrated services for digital network (ISDN) are the opportunities for players in this market.
Global video conferencing services market is segmented on the basis of technology, service contract, service type, end-use industry and geography. On the basis of technology the conferencing services market is segmented into audio conferencing, data conferencing, video conferencing and tele-immersion services. Video conferencing services market is segmented on the basis of service contract type into managed videoconferencing services, cloud based video conferencing services, hosted videoconferencing service and mobile cloud video conferencing.
Further, on the basis of service type video conferencing services market is segmented into consulting service, public room service, maintenance service, transport service and remote training services. Video conferencing services find their applications in various industrial sectors. Video conferencing services use two major modes for operation such as voice activated with (VAS) and continuous presence mode. Video conferencing services market is segmented on the basis of end-use industry into house-hold application, government, education industry, medicine and healthcare industry, business and media, among others. North America currently holds the maximum market shares on global video conferencing services market in terms of revenue followed by Europe and Asia Pacific. In coming years developing economies are expected to lead the video conferencing market.
Global video conferencing services market include key players such as Applied Global Technologies LLC, IVCi, LLC, Level 3 Communications, Deutsche Telekom A.G., 8x8, Inc., SingTel Optus Pty Limited, BT Conferencing Inc., ACT Conferencing, Inc., Orange Business Services, AT&T Inc., Blue Jeans Network, AVI-SPL, Inc., NTT Communications Corporation, CoroWare, Inc., Visions Connected Netherlands BV, Reliance Globalcom Ltd., TelSpan Inc. and Vidtel, Inc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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