Global Video Conferencing Market Size & Outlook, 2023-2030
Global video conferencing market, 2018-2030 (US$M)
Related Markets
Global video conferencing market highlights
- The global video conferencing market generated a revenue of USD 10,025.9 million in 2023 and is expected to reach USD 20,023.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.4% by 2030.
- In terms of segment, on-premise accounted for a revenue of USD 5,784.5 million in 2023.
- Cloud is the most lucrative deployment segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,025.9 million |
| Market revenue in 2030 | USD 20,023.2 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | On-premise |
| Fastest growing segment | Cloud |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On-Premise, Cloud |
Other key industry trends
- In terms of revenue, the North America accounted for 38.1% of the global video conferencing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,091.4 million by 2030.
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Video Conferencing Market Scope
Video Conferencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global video conferencing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to video conferencing market will help companies and investors design strategic landscapes.
On-premise was the largest segment with a revenue share of 57.7% in 2023. Horizon Databook has segmented the Global video conferencing market based on on-premise, cloud covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Video Conferencing Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-Premise
- Cloud
- Global Video Conferencing Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Camera
- Microphone/Headphones
- Others
- Software
- Service
- Professional
- Managed
- Hardware
- Global Video Conferencing Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- SMEs
- Global Video Conferencing Application Outlook (Revenue, USD Million, 2018-2030)
- Consumer
- Enterprise
- Global Video Conferencing End Use Outlook (Revenue, USD Million, 2018-2030)
- Corporate
- Education
- Healthcare
- Government & Defense
- BFSI
- Media & Entertainment
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global video conferencing market , including forecasts for subscribers. This global databook contains high-level insights into Global video conferencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global video conferencing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Video conferencing market size, 2023 (US$M)
Global video conferencing market share, by deployment, 2023 & 2030 (%, US$M)
Video conferencing market: Opportunity assessment by country
Global video conferencing market, by region, 2023 (US$M)
| Deployment | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,432.8 | 1,526.2 | 1,751.2 | 2,439.9 | 3,147.3 | 3,823.4 | 4,400.5 | 4,885.2 | 5,331.3 | 5,761.7 | 6,195.3 | 6,656.3 | 7,124.3 | 9.3% |
| Europe | 934.1 | 1,000.2 | 1,153.7 | 1,616.6 | 2,097.2 | 2,562.5 | 2,966.7 | 3,313.1 | 3,637.6 | 3,955.3 | 4,279.5 | 4,625.8 | 4,982.4 | 10.0% |
| Asia Pacific | 922.6 | 1,002.4 | 1,173.3 | 1,676.8 | 2,218.2 | 2,763.2 | 3,260.7 | 3,710.8 | 4,150.9 | 4,597.6 | 5,066.2 | 5,553.8 | 6,084.3 | 11.9% |
| Latin America | 186.5 | 202.2 | 236.1 | 333.2 | 435.4 | 535.8 | 624.8 | 702.7 | 777.1 | 851.0 | 927.4 | 1,013.7 | 1,100.7 | 10.8% |
| MEA | 115.8 | 125.8 | 147.0 | 209.0 | 275.1 | 341.0 | 400.5 | 453.7 | 505.2 | 557.1 | 611.3 | 669.8 | 731.4 | 11.5% |
| Overall | 3,591.8 | 3,856.8 | 4,461.3 | 6,275.4 | 8,173.1 | 10,025.9 | 11,653.1 | 13,065.5 | 14,402.1 | 15,722.8 | 17,079.6 | 18,519.5 | 20,023.2 | 10.4% |
Related regional statistics
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