Global HD Voice Industry

Global HD Voice Industry

  • September 2020 •
  • 227 pages •
  • Report ID: 5798711 •
  • Format: PDF
Global HD Voice Market to Reach $8.5 Billion by 2027

Amid the COVID-19 crisis, the global market for HD Voice estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 20% over the analysis period 2020-2027. Video Conferencing, one of the segments analyzed in the report, is projected to record a 22.3% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Audio Conferencing segment is readjusted to a revised 21.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $707.4 Million, While China is Forecast to Grow at 19.4% CAGR

The HD Voice market in the U.S. is estimated at US$707.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 19.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.9% and 16.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.

Web Conferencing Segment to Record 23.4% CAGR

In the global Web Conferencing segment, USA, Canada, Japan, China and Europe will drive the 23.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$205 Million in the year 2020 will reach a projected size of US$888.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$979.8 Million by the year 2027.We bring years of research experience to this 8th edition of our report. The 227-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Alcatel-Lucent SA
  • AT&T, Inc.
  • Avaya, Inc.
  • Broadcom Ltd.
  • Cisco Systems, Inc.
  • Deutsche Telekom AG
  • Ericsson AB
  • Orange S.A.
  • Polycom, Inc.
  • Verizon Communications, Inc.