A recent research focusing on conference room solutions has been crafted by Future Market Insights. In its publication titled „Conference Room Solutions Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)“ , Future Market Insights has presented a holistic view of the global market, covering all the trends, opportunities, restraints and growth aspects across major geographies. Various key developments have been sketched in this research study along with forecast highlights for a period of 10 years (2017-2027). An in-depth market segmentation has been carried out to assess all these factors and their respective magnitudes.
Global Conference Room Solutions Market: Competition Scenario
The research report on global conference room market includes in-depth market analysis. Key players like Cisco, Microsoft, ZOOM, Adobe, Google, West Corporation, LogMein, Polycom, Vidyo Inc., BlueJeans Network, PGi, Huawei and ZTE have been profiled in this research report.
Global Conference Room Solutions Market: Factors Influencing Growth
Numerous factors are responsible for the growth of the global market. Aspects seeks as continuous demand for and adoption of cloud communication solutions, increasing partnerships between conference room solution vendors, growing number of mobile workers, digitization of workspaces, increasing demand for high performance conferencing solutions, continuous increase in fixed broadband connections increasing smartphone users, increasing demand for remote solutions, growing in collaborative communication, developing the potential for the development of digital infrastructure, emerging IoT, and increasing mobile phone conferencing are boosting the growth of the global conference room solutions market. On the other hand, security issues, high deployment and maintenance costs, low internet penetration,
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Global Conference Room Solutions Market: Forecast Analysis
Mn in 2017. The global market. According to the research report on conference room solutions market, the US $ 450 million in 2017. The global market for conference room solutions is projected to grow to a high CAGR of 13.6% during the period of forecast, 2017-2027.
Global Conference Room Solutions Market: Segmental Outlook
The global conference room solutions market has been segmented on the basis of component, deployment, organization, vertical and region.
- By component , software is by the end of the year of assessment. The services segment is the fastest growing segment during the forecast period.
- By deployment , SaaS segment is projected to grow at a higher CAGR of 16.6% throughout the period of forecast. The on-premise segment is poised to dominate the global market with a high market valuation.
- By organization , small and medium enterprises are anticipated to show higher inclination towards using conference room solutions. This segment is poised to reflect fastest growth during the forecast period.
- By vertical , IT and telecom segment is expected to lead the market and cement its dominance in the coming years. US $ 70 Mn in 2017 and is expected to reflect higher valuation by the end of the assessment year.
- By region , Asia Pacific excluding Japan (APEJ) is expected to witness faster pace in the global conference room solutions market during the period of the forecast
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