Asia Pacific Video Conferencing Market Forecast to 2027- Covid-19 Impact and Analysis- by Type (Hardware, Software, and Services); Deployment (On-premise, Hybrid, and Cloud); Industry Vertical (Corporate Enterprise, Government & Defense, Healthcare, Education, Manufacturing, and Others), and Country

Market Introduction

Video conferencing is a live video-based platform made for conducting meetings between two or more individuals in distinct locations through a video-enabled devices. It enables several individuals to meet and collaborate face to face through long distance meeting by transmitting video, audio, text, and presentations in a real time via internet. The adoption of video conferencing has increased rapidly in the last few years. The businesses are observing a broad array of advantages as the companies are replacing their obsolete web or audio conferencing contracts with a modern cloud-based video conferencing solutions. Through their video conferencing solutions, players such as Zoom and Lifesize help enhance team communications and collaborations while increasing employee engagement and reducing operating costs.

Market Overview and Dynamics

The video conferencing market in APAC was valued at US$ 1,383.5million in 2019 and is projected to reach US$ 3,432.4 million by 2027; it is expected to grow at a CAGR of 11.4% from 2020 to 2027. The stupendous growth of global industrialization is majorly attributed to large enterprises. However, the small scale and medium scale enterprises also play a critical role in driving the industrialization trend. The developed and developing countries, have been continuously witnessing the increase in number of small and medium enterprises (SMEs) over the past couple of years. As the SMEs across the globe are establishing multiple offices to enhance the productivity and profit year on year, the deployment of video conferencing tools is surging rapidly among the SMEs, with an objective to interact with remotely or disparately located teams. The rising demand for virtual video meeting solutions is boosting the video conferencing market.

Key Market Segments

In terms of type, the hardware segment in the video conferencing market accounted for the largest share in 2019. In terms of deployment, the cloud segment in the video conferencing market accounted for the largest share in 2019. In terms of industry vertical, corporate enterprises segment in the video conferencing market accounted for the largest share in 2019.

Major Sources and Companies Listed

Several major primary and secondary sources referred to for preparing this report on the video conferencing in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe Inc., Google LLC, Microsoft Corporation, and Zoom Video Communications, Inc., among others.

Reasons to buy report

• It provides understanding of the APAC Video Conferencing market landscape and identifies market segments that are most likely to guarantee a strong return.
• It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the APAC Video Conferencing.
• It helps efficiently plan merger and acquisition, and partnership deals in the APAC Video Conferencing  market by identifying market segments with the most promising probable sales
• It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of market performance of various segments pertaining to the APAC Video Conferencing market. 
• It provides market revenue forecast of the market based on various segments for the period from 2020 to 2027.

APAC Video Conferencing Market Segmentation

• APAC Video Conferencing Market – By Type
  • Hardware
  • Software
  • Services
• APAC Video Conferencing Market – By Deployment
  • On-Premise
  • Cloud
  • Hybrid
• APAC Video Conferencing Market – By Industry Vertical
  • Corporate Enterprise
  • Government & Defense
  • Healthcare
  • Education
  • Manufacturing
  • Others

• APAC Video Conferencing Market – By Country
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Rest of APAC

APAC Video Conferencing Market – Companies Mentioned

• Adobe Inc.
• Amazon
• Brother International Corporation
• Cisco Systems, Inc.
• Facebook, Inc.
• Google LLC
• Microsoft Corporation
• TeamViewer GmbH
• Zoho Corporation
• Zoom Video Communications, Inc.

1. Adobe Inc.
2. Amazon
3. Brother International Corporation
4. Cisco Systems, Inc.
5. Facebook, Inc.
6. Google LLC
7. Microsoft Corporation
8. TeamViewer GmbH
9. Zoho Corporation
10. Zoom Video Communications, Inc.

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Video Conferencing Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the APAC Video Conferencing Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.