USD 2.53 Billion growth expected in Video Conferencing Market at a CAGR of 9.08% amid COVID-19 Spread| SpendEdge

NEW YORK, June 2, 2021 /PRNewswire/ —
The Global Video Conferencing has been added…

NEW YORK, June 2, 2021 /PRNewswire/ —

The Global Video Conferencing has been added to SpendEdge’s offering. The Video Conferencing market is expected to grow by USD 2.53 billion, at a CAGR of over 9.08% by 2024.

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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as backward integration, supplier synergies, reducing total ownership cost, conference participation, manage ad hoc spend, quality management, negotiate on pricing and contractual terms, managing labor price volatility, and cost of quality impact. Collaborations with global suppliers will also help buyers in cost-saving and ensuring high-quality procurement in the dynamic market.

The report also offers information on the upcoming trends and challenges that will influence market growth.

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Video Conferencing Market: Key Price Trends

  • The pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers.
  • This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for Video Conferencing with the wider industry and identify the cost-saving potential.

Price Strategies and Benchmark

  • Identify favorable opportunities in Video Conferencing TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

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Some of the top Video Conferencing suppliers listed in this report:

This Video Conferencing procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Cisco Systems Inc.
  • Microsoft Corp.
  • Plantronics Inc.
  • Zoom Video Communications Inc.
  • ZTE Corp.
  • Huawei Technologies Co. Ltd.

 Regional Analysis 

  •  Further breakdown of the market segmentation at requested regions. 

 Market Player Information 

  • Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
  • Know the strategies adopted by vendors during the COVID-19 Recovery Phase.

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Related Reports on Professional Services Market:

To access the definite purchasing guide on the Video Conferencing that answers all your key questions on price trends and analysis:

  • Am I paying/getting the right prices? Is my Video Conferencing TCO (total cost of ownership) favorable?
  • How is the price forecast expected to change? What is driving the current and future price changes?
  • Which pricing models offer the most rewarding opportunities?

Table of Content

  • Executive Summary
  • Market Insights
  • Category Pricing Insights
  • Cost-saving Opportunities
  • Best Practices
  • Category Ecosystem
  • Category Management Strategy
  • Category Management Enablers
  • Suppliers Selection
  • Suppliers under Coverage
  • US Market Insights
  • Category scope
  • Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

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Anirban Choudhury

Marketing Manager

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