Video Conferencing Services Market – Technavio Publishes Trends and Forecast

Avaya Inc., Cisco Systems Inc., and Microsoft Corp. are three key vendors highlighted in a new Technavio report

LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global video conferencing services market, which is expected to grow at a CAGR of more than 9% from 2015-2019.

The video conferencing services market is segmented according to services, end-users, and geography

Technavio’s report analyzes the solutions and products offered by market vendors. It presents a comprehensive breakdown of the market segmentation for different services, including on-premises video conferencing services, managed video conferencing services, and hosted video conferencing services.

Additionally, analysts have segmented the market according to geography, including the Americas, EMEA (Europe, Middle East, and Africa), and APAC (Asia-Pacific).

“Companies are upgrading workstations to improve collaboration between local and global teams, which requires services that can facilitate real-time communication at all times. As a result, enterprises are switching from isolated web meetings to video conferencing services via computers and mobile phones,” says Faisal Ghaus, Vice President of Technavio.

Video conferencing services: Market scope and calculation of market size

This report covers the present scenario and growth prospects of the global video conferencing services market from 2015-2019. To calculate the market size, the report considers the revenue generated by video conferencing service providers.

Industry analysis includes:

• Key Vendors:
  • Avaya Inc.
  • Cisco Systems Inc.
  • Microsoft Corp.
  • ZTE Corp.
  • Polycom Inc.
• Market Growth Drivers:
  • Mobile and distributed workforce
  • Reduced bandwidth dependency
• Market Challenges:
  • Vendors shifting toward UC (unified communications)
  • Difficulty integrating BYOD (bring your own device) with conferencing platforms
• Market Trends:
  • Collaborative workspaces
  • User-friendly video conferencing services and solutions

View the global video conferencing services market report.

Technavio currently has more than 3,000 market research reports on an extensive range of topics, with 100-plus reports on the video conferencing services market. Examples include:

• Global Cloud-based Video Conferencing Market 2015-2019
• Global Web Conference Services Market 2015-2019

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