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
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Video Conferencing Market Landscape
4.1 Market Overview
4.1.1 Europe
4.2 Ecosystem Analysis
5. Video Conferencing Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Accentuating Demand from Small and Medium Enterprises
5.1.2 Increasing Adoption of Advanced Technology in Educational and Healthcare Sectors
5.2 Market Restraints
5.2.1 Cyber-attacks Pose a Critical Challenge
5.2.2 Weak Network Infrastructure in Various Developing Countries
5.3 Market Opportunities
5.3.1 Europe End Users to Stimulate the Demand
5.4 Future Trends
5.4.1 Commercialization of 5G to Revolutionize the Demand
5.5 Impact Analysis of Drivers And Restraints
6. Video Conferencing Market – Europe Market Analysis
6.1 Video Conferencing Market Overview
6.2 Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
7. Video Conferencing Market Analysis – By Type
7.1 Overview
7.2 Video Conferencing Market, By Type (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.1.1 Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.1.1 Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.1.1 Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8. Video Conferencing Market Analysis – By Deployment
8.1 Overview
8.2 Video Conferencing Market, By Deployment (2019 and 2027)
8.3 Cloud
8.3.1 Overview
8.3.1.1 Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.1.1 On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Hybrid
8.5.1 Overview
8.5.1.1 Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9. Video Conferencing Market Analysis – By Industry Vertical
9.1 Overview
9.2 Video Conferencing Market, By Industry Vertical (2019 and 2027)
9.3 Corporate Enterprises
9.3.1 Overview
9.3.1.1 Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Government& Defense
9.4.1 Overview
9.4.1.1 Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.1.1 Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.1.1 Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Manufacturing
9.7.1 Overview
9.7.1.1 Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.1.1 Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
10. Europe Video Conferencing Market – Country Analysis
10.1 Europe: Video Conferencing Market
10.1.1 Europe: Video Conferencing Market, by Key Country
10.1.1.1 Germany: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Video Conferencing Market, by Type
10.1.1.1.2 Germany: Video Conferencing Market, by Deployment
10.1.1.1.3 Germany: Video Conferencing Market, by Industry Vertical
10.1.1.2 France: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Video Conferencing Market, by Type
10.1.1.2.2 France: Video Conferencing Market, by Deployment
10.1.1.2.3 France: Video Conferencing Market, by Industry Vertical
10.1.1.3 Italy: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Video Conferencing Market, by Type
10.1.1.3.2 Italy: Video Conferencing Market, by Deployment
10.1.1.3.3 Italy: Video Conferencing Market, by Industry Vertical
10.1.1.4 UK: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Video Conferencing Market, by Type
10.1.1.4.2 UK: Video Conferencing Market, by Deployment
10.1.1.4.3 UK: Video Conferencing Market, by Industry Vertical
10.1.1.5 Russia: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Video Conferencing Market, by Type
10.1.1.5.2 Russia: Video Conferencing Market, by Deployment
10.1.1.5.3 Russia: Video Conferencing Market, by Industry Vertical
10.1.1.6 Rest of Europe: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Video Conferencing Market, by Type
10.1.1.6.2 Rest of Europe: Video Conferencing Market, by Deployment
10.1.1.6.3 Rest of Europe: Video Conferencing Market, by Industry Vertical
11. Impact of COVID-19 Pandemic On Europe Video Conferencing Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Adobe Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Avaya Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cisco Systems, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Google LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microsoft Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Polycom, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZTE Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Lifesize Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zoom Video Communications, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Huawei Technologies Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Video Conferencing Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe Video Conferencing Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 8. France: Video Conferencing Market, By End-Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 14. UK: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe: Video Conferencing Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe: Video Conferencing Market, by Deployment – Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of Europe: Video Conferencing Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 21. Video Conferencing Market: List of Abbreviation
LIST OF FIGURES
Figure 1. Video Conferencing Market Segmentation
Figure 2. Video Conferencing Market Segmentation – By Country
Figure 3. Europe video conferencing market
Figure 4. ardware segment is expected to dominate the market, by type
Figure 5. Hybrid to witness high CAGR during the forecast period
Figure 6. Corporate enterprise is expected to dominate the market during the forecast period
Figure 7. Europe: PEST Analysis
Figure 8. Video Conferencing Market Ecosystem Analysis
Figure 9. Video Conferencing Market Impact Analysis of Drivers And Restraints
Figure 10. Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Europe: Video Conferencing Market Revenue Share, by Type (2019 and 2027)
Figure 12. Hardware: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Software: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Services: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Europe: Video Conferencing Market Revenue Share, by Deployment (2019 and 2027)
Figure 16. Cloud: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. On-Premise: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Hybrid: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Europe: Video Conferencing Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 20. Corporate Enterprises: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Government& Defense: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Healthcare: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Education: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Manufacturing: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Others: Video Conferencing Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Europe: Video Conferencing Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. Germany: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. France: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Italy: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. UK: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Russia: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Rest of Europe: Video Conferencing Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country
- Adobe Inc.
- Amazon
- Brother International Corporation
- Cisco Systems, Inc.
- Facebook, Inc.
- Google LLC
- Microsoft Corporation
- TeamViewer GmbH
- Zoho Corporation
- Zoom Video Communications, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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