LONDON--(BUSINESS WIRE)--Aug 4, 2025--
The global video conferencing (VC) market continues to demonstrate resilience, growing by 5% year-over-year in 2024, to reach $18 billion in revenue according to new analysis from Omdia's Market Landscape report. This growth comes despite challenging geopolitical conditions and ongoing economic uncertainties, factors that could influence hybrid work policies, as businesses continue to reimagine the future of work. With this momentum, the market is projected to continue expanding through 2029.
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"This isn’t merely about weathering the storm, it’s about strategic transformation,” said Prachi Nema, Principal Analyst, Digital Workplace, Omdia. “While North America appears saturated and EMEA shows signs of stagnation, Asia & Oceania continue to show promising growth. This reflects the trend in AI adoption, with companies increasingly emphasizing collaboration tools to boost employee productivity in hybrid work settings.
The collaborative meetings market grew 4% in 2024, while the VC devices experienced a 6% year-over-year increase. This growth is particularly noteworthy amid ongoing economic slowdowns and shifting enterprise priorities.
In the short-to-medium term, Omdia expects the market to grow at a 5% CAGR over the next five years, with total revenue reaching $21 billion by 2029. New users in Asia & Oceania, and EMEA, as well as emerging use cases across sectors such as healthcare, education, and finance, will drive this growth.
Additionally, several factors are reshaping the video conferencing landscape:
"However, the market is becoming increasingly commoditized, with very little product differentiation between vendors' offerings," said Nema.
The research highlights a significant disparity in meeting room infrastructure worldwide, with only 6.25% of all meeting rooms fully equipped as standardized spaces or native meeting rooms such as Microsoft Teams Rooms or Zoom Rooms. However, the market for bring-your-own-device (BYOD) rooms is significantly larger than standardized meeting rooms. The demand for BYOD rooms, particularly those that provide quick and easy wired/wireless meeting capabilities, is on the rise.
Regionally, North America leads with a 42% subscription market share within collaborative meeting services, followed by Europe, the Middle East, and Africa (EMEA) at 27%. Asia & Oceania owns 25% share of the subscription. Globally, only 28% of all meeting rooms have some form of VC capability, highlighting significant growth opportunities for vendors capable of overcoming cost and deployment barriers.
About Omdia
Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
Total video conferencing equipment market revenue
WASHINGTON (AP) — Venezuelan opposition leader María Corina Machado met with U.S. President Donald Trump, presenting him with her Nobel Peace Prize medal and praising his support for Venezuelan democracy, even as Trump has signaled a willingness to work with the country’s acting president.
As Machado was in Washington, acting President Delcy Rodríguez delivered her first state of the union address in Caracas, calling for reforms to Venezuela’s state-run oil industry aimed at attracting foreign investment following the removal of former President Nicolás Maduro. The former vice president also outlined a distinct vision for the future between the two historic adversaries, straying from her predecessors, who have long railed against American intervention in Venezuela.
This is a photo gallery curated by AP photo editors.
Military leaders arrive at the National Assembly where acting President Delcy Rodriguez addresses lawmakers in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP Photo/Ariana Cubillos)
National Assembly lawmaker Nicolas Maduro Guerra, son of deposed President Nicolas Maduro, and his wife Grysell Torres arrive at the National Assembly for Venezuela’s acting President Delcy Rodriguez first state of the union address in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP Photo/Ariana Cubillos)
Venezuela's acting President Delcy Rodriguez delivers her first state of the union address at the National Assembly in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP Photo/Ariana Cubillos)
Venezuela's acting President Delcy Rodriguez addresses lawmakers next to a picture of former President Nicolas Maduro and his wife Cilia Flores, at the National Assembly in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP Photo/Ariana Cubillos)
Venezuela's acting President Delcy Rodriguez arrives at the National Assembly in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP Photo/Ariana Cubillos)
Venezuela's acting President Delcy Rodriguez, center, National Assembly President Jorge Rodriguez, left, and Interior Minister Diosdado Cabello arrive at the National Assembly in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP Photo/Ariana Cubillos)
Venezuelan opposition leader María Corina Machado greets supporters on Pennsylvania Avenue near the White House after meeting with President Donald Trump Thursday, Jan. 15, 2026, in Washington. (AP Photo/Pablo Martinez Monsivais)
Venezuelan opposition leader Maria Corina Machado reaches out to embrace Sen. Ted Cruz, R-Texas, left, as the Nobel Peace Prize recipient meets with Sen. Alex Padilla, D-Calif., right, and others two weeks after President Donald Trump toppled Venezuelan president Nicolas Maduro in a stunning military raid, at the Capitol in Washington, Thursday, Jan. 15, 2026. (AP Photo/J. Scott Applewhite)
Venezuelan opposition leader María Corina Machado arrives at the Capitol, Thursday, Jan. 15, 2026, in Washington. (AP Photo/Allison Robbert)
Venezuelan opposition leader María Corina Machado, left, leaving the White House in Washington, after meeting with President Donald Trump Thursday, Jan. 15, 2026. (AP Photo/Pablo Martinez Monsivais)
Venezuelan opposition leader María Corina Machado, center, leaves the Capitol, Thursday, Jan. 15, 2026, in Washington. (AP Photo/Allison Robbert)
Venezuelan opposition leader Maria Corina Machado is welcomed as she arrives for meetings in the office of Sen. Dick Durbin, D-Ill., the ranking member of the Senate Judiciary Committee at the Capitol in Washington, Thursday, Jan. 15, 2026. (AP Photo/J. Scott Applewhite)
