Europe Video Conferencing Market Overview
Europe video conferencing market registered significant growth during the past period owing to growing digitalization and increasing adoption of video conferencing solutions in healthcare, education, and the corporate sector. Furthermore, Europe’s Digital Strategy 2050 to promote digital infrastructure and digital transformation of private businesses, as well as public services, would also aid the demand for video conferencing hardware like laptops, PCs, desktops, and more. In 2020, the outbreak of Covid-19 pandemic had a positive impact on the video conferencing market in the European region as most businesses, government organizations, and educational and healthcare institutions had to resort to remote collaboration to be able to continue with their daily operations.
According to 6Wresearch, Europe video conferencing market size grew at a CAGR of 10.3% during 2022-2028. Initiatives taken by European government to promote digital learning, increasing demand for office spaces which registered around 300% spike in new office inquiries coupled with ongoing construction of the five largest office buildings including Rimac headquarters complex, Zagreb headquarters, and technology complex, construction city office building, Althan quartier mixed-use complex, and Toblerone mixed-use towers is expected to further boost the growth of video conferencing hardware market across Europe in the coming years.
Market Analysis By Countries
Germany acquired the highest revenue share in Europe video conferencing market in 2021 owing to its growing corporate sector and implementation of government initiatives to accelerate the digitalization of the healthcare and education sector. However, in future years Spain would witness the highest growth due to its rapidly growing economy and Digital Strategy 2025.
Key Highlights of the Report
- Europe video conferencing Market Overview
- Europe Video Conferencing Market Overview
- Europe Video Conferencing Market Outlook
- Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Competitive Benchmarking
- Europe Video Conferencing Market Forecast
- Market Drivers and Restraints
- Company Profiles
- Key Strategic Recommendations
- Market Opportunity Assessment
- Europe Video Conferencing Market Share, By Companies
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