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.

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
  • Hardware
  • Software
  • Services
• 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 – By Country
  • US
  • Canada
  • Mexico

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. 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.

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