Video Conferencing Terminal Market to Reach USD 3.39 billion
Dallas, Texas, May 27, 2021 (GLOBE NEWSWIRE) – Global Video Conferencing Endpoint Market Size By Solution Type [Standard Centric (Multi Codec Appliance, Single Codec Appliance, and Executive Appliance), Service Attached [Single Codec Appliance, Reference Design Kits and Do It Yourself (DIY)], By Application (Education, Consulting, Government, Manufacturing, Financials, Healthcare, Energy / Utilities, and Others), By Region and Forecast 2018 to 2025 ”provides an elaborate view of historical, present and forecasted market estimates.
The global video conferencing terminal market size is expected to reach USD 3.39 billion by 2025. Technological advancements, increasing speed of broadband, increasing adoption of cloud services and standardization are some of the key factors in market growth.
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According to the Federal Communications Commission, the global average speed of broadband was 7.40 Mbps between May 2016 and May 2017 and rose to 9.10 Mbps between May 2017 and May 2018. In addition, videoconferencing is experiencing a strong demand in the fields of health, education, sport and media and entertainment sectors.
Standard-centric and service-attached codec appliances dominated the market contributing 56.2% of the global video conferencing terminal market revenue in 2017. The single codec, also known as point-to-point, is predominantly used for conferences because it is lower cost compared to multi codec systems. The adoption of cloud services in video conferencing has paved the way for reference design kits and DIY solutions. Revenue is primarily generated from service-based models such as annual or monthly subscription and pay-as-you-go.
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The government sector dominated the global video conferencing terminal market contributing 26.5% of the overall market value in 2017, as many government agencies, international and military and defense organizations use video conferencing systems to communicate and discuss most of the issues. In addition, even courtrooms use video conferencing in many countries around the world during trials and judgments. In this way, the government aims to reduce security costs and speed up legal processes and also solve more cases.
North America dominated the global video conferencing terminal industry in 2017 and is expected to maintain its position during the projected period. Asia-Pacific is expected to grow at the fastest CAGR of 6.6% during the forecast period, driven by increasing demand for video conferencing hardware devices in China, India and countries in Southeast Asia. -Is. India is moving from traditional means of communication to markets for wireless and modern communication technologies. The investment made by the government to improve infrastructure and develop smart cities is expected to stimulate market demand for video conferencing terminals.
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The global videoconferencing terminal market is concentrated with the presence of major players across the world. Global companies acquire locally established players in order to establish their presence in different geographies. For example, in January 2016, Cisco acquired Acano Limited, a company based in London, UK. Acano was the provider of cloud-based and on-premises video infrastructure and collaboration software. Cisco has been the major player in the terminal market, leading along with other major players including Polycom, Inc., Avaya, Huawei Technologies Co., Ltd., ZTE Corporation, Starleaf, Yealink Inc., Lifesize, Inc., Vidyo , Inc., Tely Labs, Inc. and Kedacom.
Main points from the table of contents:
Chapter 1. Executive summary
Chapter 2. Research methodology
Chapter 3. Market Outlook
Chapter 4. Video Conferencing Terminal Market Overview, By Solution Type
Chapter 5. Video Conferencing Terminal Market Overview, By Application
Chapter 6. Video Conferencing Terminal Market Overview, By Region
Chapter 7. Company Profiles
Chapter 8. Sales channel, distributors, traders and resellers
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