Europe 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

The video conferencing market in Europe was valued at US$ 1,653.8 million in 2019 and is projected to reach US$ 3,727.8 million by 2027; The market is estimated to grow at a CAGR of 10.1 % from 2020 to 2027.

European countries are home for several SMEs across industries, which capitalize heavily on advanced technologies, and this factor is favoring the Europe Video Conferencing Market in the region. The continuously growing economies in this region include Spain, UK, Italy, and France, among others. The cultures of a remote office, home office, and coworking spaces are tremendously growing in the region, which is encouraging the individuals to incorporate video conferencing solutions into their systems. In addition, several organizations are transitioning from large conference rooms to smaller hurdle rooms with an objective to utilize maximum office space for employee engagement. This transition is facilitating them to employ large workforce to ensure enhanced productivity. Moreover, the transition from large conference rooms to small hurdle rooms is influenced by the emergence and adoption of audiovisual (AV) technologies, which enable the employees to virtually interact with individuals located at a disparate area from small rooms.

Video conferencing solutions are increasingly becoming commonplace in every organization across industries. With an objective to interact with remotely located employees, or clients, or with any individuals located at disparate geography, the demand for video conferencing solutions is steeply growing. The rise in demand has been reflecting growth in the number of video conferencing hardware manufacturers, software developers, and service providers across the globe.

The hardware providers play a critical role in supporting the video conferencing market growth, by innovating and delivering robust technology products to the clients. The software developers, on the other hand, are continuously focusing on upgrading the existing software with newer features, which is attracting a significant percentage of end users. The service providers are observing extraordinary demand for their services, the end users of video conferencing solutions are demanding for continuous consultation services, educational service, and maintenance services.

Europe Video Conferencing Market Segmentation

• Europe Video Conferencing Market – By Type

  • Hardware
  • Software
  • Services

• Europe Video Conferencing Market – By Deployment

  • On-Premise
  • Cloud
  • Hybrid

• Europe Video Conferencing Market – By Industry Vertical

  • Corporate Enterprise
  • Government & Defense
  • Healthcare
  • Education
  • Manufacturing
  • Others

• Europe Video Conferencing Market – By Country

  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe

Europe 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.

Europe Video Conferencing Report Scope

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 Europe 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 Europe 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 Europe 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.