North America Video Conferencing Market Forecast to 2027 - COVID-19 Impact and Regional 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 internet infrastructure in well-established in the US and Canada, with significant number of telecommunication companies and service providers. Being technologically advanced countries, the organizations seek faster internet network, and pertaining to this, the telecommunication companies are striving hard to develop and commercialize the 5G network. The development of 5G network would revolutionize the video conferencing market with faster speed, better picture and video quality.
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Market Overview and Dynamics
The video conferencing market in North America was valued at US$ 2,029.8 million in 2019 and is projected to reach US$ 3,180.3 million by 2027; it is expected to grow at a CAGR of 5.2% from 2020 to 2027. The educational and healthcare sectors are maturing across developing countries and are continuously experiencing the emergence of advanced technological solutions to increase efficiency. Traditionally, these sectors used room based interaction strategies; however, with the rise in technology, these sectors are investing in virtual solutions for better performance. In recent years, several educational institutions and healthcare organizations are incorporating video conferencing tools to educate students and treat located remotely patients. This is a crucial driving force for 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 North America 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 North America 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 North America Video Conferencing.
- It helps efficiently plan merger and acquisition, and partnership deals in the North America 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 North America Video Conferencing market.
- It provides market revenue forecast of the market based on various segments for the period from 2020 to 2027.
North America Video Conferencing Market Segmentation
- North America Video Conferencing Market – By Type
- North America Video Conferencing Market – By Deployment
- On-Premise
- Cloud
- Hybrid
- North America Video Conferencing Market – By Industry Vertical
- Corporate Enterprise
- Government & Defense
- Healthcare
- Education
- Manufacturing
- Others
North America 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. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Video Conferencing Market Landscape
4.1 Market Overview
4.1.1 North America
4.2 Ecosystem Analysis
5. Video Conferencing Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Accentuating Demand from Small and Medium Enterprises
5.1.2 Increasing Adoption of Advanced Technology in Educational and Healthcare Sectors
5.2 Market Restraints
5.2.1 Cyber-attacks Pose a Critical Challenge
5.2.2 Weak Network Infrastructure in Various Developing Countries
5.3 Market Opportunities
5.3.1 US and Canada End Users to Stimulate the Demand
5.4 Future Trends
5.4.1 Commercialization of 5G to Revolutionize the Demand
5.5 Impact Analysis of Drivers And Restraints
6. Video Conferencing Market – North America Market Analysis
6.1 Video Conferencing Market Overview
6.2 Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
7. Video Conferencing Market Analysis – By Type
7.1 Overview
7.2 Video Conferencing Market, By Type (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.1.1 Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.1.1 Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.1.1 Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8. Video Conferencing Market Analysis – By Deployment
8.1 Overview
8.2 Video Conferencing Market, By Deployment (2019 and 2027)
8.3 Cloud
8.3.1 Overview
8.3.1.1 Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.1.1 On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Hybrid
8.5.1 Overview
8.5.1.1 Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9. Video Conferencing Market Analysis – By Industry Vertical
9.1 Overview
9.2 Video Conferencing Market, By Industry Vertical (2019 and 2027)
9.3 Corporate Enterprises
9.3.1 Overview
9.3.1.1 Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Government& Defense
9.4.1 Overview
9.4.1.1 Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.1.1 Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.1.1 Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Manufacturing
9.7.1 Overview
9.7.1.1 Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.1.1 Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
10. North America Video Conferencing Market – Country Analysis
10.1 North America: Video Conferencing Market
10.1.1 North America: Video Conferencing Market, by Key Country
10.1.1.1 US: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Video Conferencing Market, by Type
10.1.1.1.2 US: Video Conferencing Market, by Deployment
10.1.1.1.3 US: Video Conferencing Market, by Industry Vertical
10.1.1.2 Canada: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Video Conferencing Market, by Type
10.1.1.2.2 Canada: Video Conferencing Market, by Deployment
10.1.1.2.3 Canada: Video Conferencing Market, by Industry Vertical
10.1.1.3 Mexico: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Video Conferencing Market, by Type
10.1.1.3.2 Mexico: Video Conferencing Market, by Deployment
10.1.1.3.3 Mexico: Video Conferencing Market, by Industry Vertical
11. Impact of COVID-19 Pandemic On North America Video Conferencing Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Adobe Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Avaya Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cisco Systems, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Google LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microsoft Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Polycom, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZTE Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Lifesize Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zoom Video Communications, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Huawei Technologies Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Video Conferencing Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 12. Video Conferencing Market: List of Abbreviation
LIST OF FIGURES
Figure 1. Video Conferencing Market Segmentation
Figure 2. Video Conferencing Market Segmentation – By Country
Figure 3. North America Video Conferencing Market
Figure 4. Hardware segment is expected to dominate the market, by type
Figure 5. Hybrid to witness high CAGR during the forecast period
Figure 6. Corporate enterprise is expected to dominate the market during the forecast period
Figure 7. North America: PEST Analysis
Figure 8. Video Conferencing Market Ecosystem Analysis
Figure 9. Video Conferencing Market Impact Analysis of Drivers And Restraints
Figure 10. Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America: Video Conferencing Market Revenue Share, by Type (2019 and 2027)
Figure 12. Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. North America: Video Conferencing Market Revenue Share, by Deployment (2019 and 2027)
Figure 16. Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. North America: Video Conferencing Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 20. Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. North America: Video Conferencing Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. US: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Canada: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Mexico: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North American Country
- Adobe Inc.
- Amazon
- Brother International Corporation
- Cisco Systems, Inc.
- Facebook, Inc.
- Google LLC
- Microsoft Corporation
- TeamViewer GmbH
- Zoho Corporation
- Zoom Video Communications, Inc.