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Futuresource Video Conferencing

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Global Video Conferencing Market Analysis Forecast

Audio and video conferencing is an exciting and diverse market, extending from low-cost and widespread cloud-based solutions all the way to highly specialised telepresence suites. With work from home practices the norm, as well as a desire to connect employees and engage with third parties and customers across distances, the demand for audio and video collaboration technologies is at an all-time high.

The total market for video conferencing hardware in 2020 grew significantly. The number of hardware units sold topped 2.8 million, a year on year increase of 40% over the 2019 figure of two million. While growth will level off, between 2020 and 2025 Futuresource forecasts show that the hardware market will still grow by 23.9% CAGR.

 

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