Asia Pacific $3.43 Billion Video Conferencing Market Forecast to 2027: Covid-19 Impact and Analysis by Type; Deployment; Industry Vertical – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Video Conferencing Market Forecast to 2027- Covid-19 Impact and Analysis- by Type; Deployment; Industry Vertical, and Country” report has been added to ResearchAndMarkets.com’s offering.

The Video Conferencing Market in APAC was valued at US$ 1,383.5 million in 2019 and is projected to reach US$ 3,432.4 million by 2027; it is expected to grow at a CAGR of 11.4% from 2020 to 2027.

The countries in APAC are consistently witnessing growth in corporate, healthcare, and education sectors. The proliferation rate of technologies is noteworthy in the above mentioned sectors, and the demand for video conference solutions continues to rise not only in executive boardrooms, but in every meeting space.

The healthcare sector in APAC is profoundly growing, and the adoption of medical technologies such as automatic testing systems, robotics-aided surgeries, and automatic data readers, as well as nonmedical technologies including high-end CCTV cameras, tele-medication systems, online consultation, and video conferencing solutions, is at peak. The adoption of video conference solutions is rising in order to facilitate the doctors to treat patients located in remote areas lacking basic medical facilities. Additionally, the emergence of cost-effective, user friendly, and efficient video conferencing solutions, is influencing the healthcare sector to invest in video conferencing solutions to conduct webinars and meetings.

Several countries in APAC are home for SMEs across industries, which capitalize heavily on advanced technologies, and this factor is favoring the Video Conferencing Market in the region. China, India, Japan, South Korea, Singapore, Taiwan, and Malaysia are among the continuously growing economies in APAC. 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. Additionally, 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.

Till now, China has the highest number of COVID -19 confirmed cases. However, China has emerged from a 2-month containment phase and moved into the mitigation stage; its experience is helping countries currently at the start of the COVID-19 cycle to plan their responses better. Chinese institutions are attempting to shift to online education on a massive scale.

Moreover, Australian higher education is highly dependent on a steady flow of Chinese students, but the government of Australia has restricted travel from China. Consequently, Australian higher education institutions are trying to enhance their online competency to offer courses to stranded concerned students. Universities are adopting video conferencing technology for online education. Moreover, the presence of a large number of SMEs in South-East Asian countries are creating a huge demand for video conferencing solution during the COVID-19 pandemic.

Adobe Inc., Google LLC, Microsoft Corporation, and Zoom Video Communications, Inc. are among a few players present in the APAC Video Conferencing Market.

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 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

4.2 PEST Analysis

4.2.1 APAC

4.3 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 Asia Pacific 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 – Asia-Pacific 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

7.5 Services

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

8.5 Hybrid

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

9.5 Healthcare

9.6 Education

9.7 Manufacturing

9.8 Others

10. Asia-Pacific Video Conferencing Market – Country Analysis

11. Impact of COVID-19 Pandemic On Asia-Pacific Video Conferencing Market

11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Development

13. Company Profiles

• Adobe Inc.
• Amazon
• Brother International Corporation
• Cisco Systems, Inc.
• Facebook, Inc.
• Google LLC
• Microsoft Corporation
• TeamViewer GmbH
• Zoho Corporation
• Zoom Video Communications, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ynet6z

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