335 Pages Conference Room Solutions Market Survey by Future Market Insights Forecasts Growth at 14.7% CAGR Spurred by Rising Number of Corporate Houses
Tuesday, July 20, 2021
The FMI market analysis offers a comprehensive study on the conference room solutions market, covering factors increasing demand and sales across key segments including component, enterprises size, and vertical. It also provides insights into leading market players and key strategies adopted by them to improve their share in the conference room solutions market
DUBAI, UAE, July 12, 2021 /PRNewswire/ -- As per a study by FMI, the global conference room solutions market is expected to exhibit impressive growth at a CAGR of 14.7% over the forecast period 2021 to 2031. Owing to rising number of enterprises and high demand for advanced solutions to enhance communication networks, the market share for conference room solutions is projected to reach a valuation of US$ 1.18 billion by the end of 2021.
https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
The primary factors fuelling the demand for conference room solutions are increasing adoption of cloud-based communication solutions, rising number of enterprises & corporate houses, and the need for high-performance conferencing solutions. To address the surging demand for these solutions, various market players are engaging into strategic collaboration and partnership with other companies to improve their services.
For instance, in September 2019, Cisco System Inc., a U.S.-based company announced the acquisition of an enterprise voice assistant company named, Voicea, which provides real-time solutions such as voice search, meeting highlights, meeting transcription, action items, along with data privacy.
With this acquisition, Cisco Systems, Inc. planned to improve its Cisco WebEx portfolio of products by infusing Automated Speech Recognition and AI. Such innovations are expected to boost the technology used in conference rooms, driving the growth of the market.
North America is dominating the global conference room solutions. Owing to the presence of leading service providers in the region, the North America market is estimated to account over 32.4% of the global sales through 2021.
"With the emergence of cloud technology, a number of organizations across the globe are adopting various cloud-based services, including software as a service (SaaS) and cloud storage. Key players are emphasizing on developing new solutions such as cloud communication conferencing to cater to increasing demand for these novel conference room solutions," says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-5672
Key Takeaways from Conference Room Solutions Market Survey
-- The U.S. is dominating the market in North America with an estimated
market value of around US$ 323 million in 2021. According to FMI, the
market spending in the country is expected to rise at 10.6% over the
forecast period.
-- Driven by free workforce mobility and favorable business policies, the
market in Germany is predicted to reach a valuation of around US$ 236
million by 2031.
-- The conference room solutions spending in China is likely to surge by
16.1% between 2021 and 2031, with a market value of nearly US$ 100.5
million in 2021.
-- By 2031, the market revenue of India's conference room solutions market
is projected to grow around US$ 486.4 million.
-- The component segment is expected to surge at a robust CAGR of 15.1%
during the assessment period.
Key Drivers
-- Growing demand for high-performance conferencing solutions is driving
the market growth.
-- Surging number of enterprises will fuel the demand for conference room
solutions.
-- Increasing adoption of cloud communication solutions creating growth
opportunities for the market.
-- Rising number of corporate houses heightening the sales of conference
room solutions
Key Restraints
-- High cost of installation is a factor hampering the demand for
conference room solutions.
-- The outbreak of COVID-19 has declined the sales of conference room
solutions due to the closure of numerous organizations.
Discover more about the conference room solutions market analysis with figures and data tables, along with the table of contents. Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-5672
Competitive Landscape
Leading players in the conference room solutions market are focusing on developing new products to increase their business revenue. Besides this, some of the market players are engaging in strategic collaboration and partnerships. For instance,
-- LoopUp Ltd. announced a launch of a new video-enabled conference room
solution in November 2020. The product combines high standard remote
meeting solution to create accessible and simple video conferencing
suites for businesses, worldwide.
-- In November 2019, Cisco Systems, Inc., a U.S. based company, announced
expansion of its partnership with TTEC Holdings, Inc., a digital
customer experience services and technology company. With the
partnership, TTEC has become the first authorized reseller of Webex
Contact Center Enterprise.
Key players operating in the market profiled by FMI are:
-- Cisco Systems, Inc.
-- Microsoft Corporation
-- Huawei Technologies Co., Ltd.
-- Alphabet, Inc. (Google)
-- Adobe Systems Incorporated
-- LogMeIn, Inc.
-- Polycom (Plantronics, Inc.)
-- Zoom Video Communications, Inc.
-- ZTE Corporation
More Valuable Insights on Conference Room Solutions Market
FMI, in its new report, offers an unbiased analysis of the global conference room solutions market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on conference room solutions market with detailed segmentation:
Component
-- Hardware
-- Flat Screens
-- Projectors
-- Cameras
-- Interactive/Digital Whiteboards
-- Software
-- Unified Communication and Collaboration
-- Document Management
-- Meeting Organizers/Scheduling
-- Others
-- Services
-- Professional Services
-- Consulting
-- Implementation and Integration
-- Training
-- Managed Services
Enterprises Size
-- Small & Medium Enterprises (SMEs)
-- Large Enterprises
Vertical
-- IT & Telecom
-- BFSI
-- Healthcare
-- Retail
-- Media & Entertainment
-- Transportation & Logistics
-- Education
-- Manufacturing
-- Others
Region
-- North America
-- Latin America
-- Europe
-- East Asia
-- South Asia & Pacific
-- Middle East and Africa (MEA)
Request Special Price for this Report to our Sales Executive@ https://www.futuremarketinsights.com/request-special-price/rep-gb-5672
Key Questions Covered in the Report
-- The market study also highlights projected sales growth for conference
room solutions market between 2021 and 2031
-- The report offers insight into conference room solutions market demand
outlook for 2021-2031
-- Conference room solutions market share analysis, covering key companies
within the industry and coverage of strategies such as mergers &
acquisitions, joint ventures, collaborations or partnerships, and others
-- Conference room solutions market survey identifies key growth drivers,
restraints, and other forces impacting prevailing trends and evaluation
of current market size and forecast and technological advancements
within the industry
Explore FMI's Extensive Coverage on Technology Domain
Industrial 3D printing Market: The global industrial 3D printing market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market's competitive landscape.
Variable Data Printing Market: Future Market Insights gives a detailed segmentation on the global variable data printing market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
Micro Printing Market: The micro printing's market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/conference-room-solutions-market
Press Release Source: https://www.futuremarketinsights.com/press-release/conference-room-solutions-market
View original content:https://www.prnewswire.com/news-releases/335-pages-conference-room-solutions-market-survey-by-future-market-insights-forecasts-growth-at-14-7-cagr-spurred-by-rising-number-of-corporate-houses-301331447.html
SOURCE Future Market Insights
|
|
|
|
|
 |
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
Marketing Evolution Announces New Investment Led by Insight Partners to Power AI-Ready Marketing Data for the Agentic Era | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
|
