Video Conferencing Market Share, Trends, Global Price, Company Profiles, Demand, Insights 2017 To 2022 by Credence Research
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According to a new market report
published by Credence Research “Video Conferencing Market(Corporate
Enterprises, Healthcare, Government & Defense, Education, Media & Entertainment
and Others (Retail, Manufacturing and Residential) - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 - 2022”, the video
conferencing market is projected to gain substantial traction from the
healthcare segment owing to the rising adoption of these services. The
corporate enterprise segment dominates the market, as of 2014; however
substantial growth is estimated to emerge from the healthcare and education
segments in the coming years.
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The video conferencing market is
currently governed by the corporate enterprises end-user segment contributing
to more than 50% of the total market revenue generated worldwide. Corporate
enterprise segment includes small and medium as well as large sized business
organizations across the IT & telecommunication, banks, financial services
and insurance (BFSI), BPOs, KPOs and other business entities. Due to increasing
efforts for globalization in these organizations, the segment is estimated to
retain its dominant position in the market throughout the forecast period.
Nevertheless, healthcare segment is estimated to emerge as the most promising
segment for video conferencing in the coming years. Presently, market for video
conferencing in healthcare segment is in its nascent stage even in regions such
as North America, Western Europe and Southeast Asia where technology acceptance
is higher as compared to other regions. Video conferencing enables better
medical support within no time and reduces the need for unnecessary
hospitalization. Since using video conferencing solution is highly cost
effective, patients can have access to healthcare organizations/experts
irrespective of their location.
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Apart from healthcare and corporate
enterprises, education is another promising segment expected to register
substantial adoption growth in the coming years. Similar to healthcare, prime
motive of using video conferencing in education sector is to reduce the overall
costs. Additionally, video conferencing enables institutions to organize
classrooms for numerous students located worldwide. Significant number of
universities and institutions are actively investing on video conferencing
systems in order to spread their services worldwide. Further, video
conferencing sessions can also be recorded for future references and hence
prove more useful as compared to the traditional education techniques. Due to
these factors, education segment is expected to emerge as the second highest
growing segment during the forecast period.
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Some of the leading players operating
in the video conferencing market include Cisco Systems, Inc., Polycom, Inc.,
Avaya, Inc., Microsoft Corporation, Huawei Technologies Co., Ltd., Adobe
Systems, Inc., Lifesize (Division of Logitech International S.A.), InterCall
(West Corporation) and ZTE Corporation among others.
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