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.
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Europe Video Conferencing Market Segmentation
Europe Video Conferencing Market – By Type
Europe Video Conferencing Market – By Deployment
- On-Premise
- Cloud
- Hybrid
Europe Video Conferencing Market – By Industry Vertical
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
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,653.8 Million |
| Market Size by 2027 | US$ 3,727.8 Million |
| Global CAGR (2020 - 2027) | 10.1 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Deployment, Industry Vertical, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..
- Adobe Inc.
- Amazon
- Brother International Corporation
- Cisco Systems, Inc.
- Facebook, Inc.
- Google LLC
- Microsoft Corporation
- TeamViewer GmbH
- Zoho Corporation
- Zoom Video Communications, Inc.
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