$12.5bn
$X.Xbn
22,177
105
$X.Xbn
Over the past five years, video conferencing software developers have experienced unprecedented growth, largely driven by the COVID-19 pandemic and the resultant shift towards remote and hybrid work models. Organizations across all sectors were compelled to adopt these platforms to remain functional, thereby accelerating digitization. Enhanced features like screen sharing, breakout rooms and real-time collaboration have become essential to maintaining productivity. As a result, the integration and functionality of video conferencing tools have evolved significantly, forming the pillar of Unified Communications as a Service (UCaaS) models, which offer comprehensive enterprise-level solutions. Industry revenue is estimated to grow at a CAGR of 9.0% to $12.5 billion over the past five years, including an increase of 0.6% in 2024 alone.
Industry revenue has grown at a CAGR of 9.0 % over the past five years, to reach an estimated $12.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Microsoft Corporation | 5,164.7 | 3,874.2 | 75.0 | |
Zoom Video Communications, Inc. | 2,488.3 | 606.8 | 24.4 | |
Alphabet Inc. | 896.8 | 239.6 | 26.7 |
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Industry revenue is measured across several distinct product and services lines, including Video conferencing software, Webinar software and UCaaS. Video conferencing software is the largest segment of the Video Conferencing Software Developers in the US.
Video conferencing software is revolutionizing communication and work dynamics
Companies in this industry develop software and systems for online conferencing, which enables multiple individuals to communicate and share information simultaneously across geographically dispersed locations over the internet. Most vendors also provide either a recorded copy of an event or a means for the user to record an event.
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NAICS 51121 - Video Conferencing Software Developers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Hybrid work models demand advanced video conferencing features. As employees move between home and office environments, organizations require seamless integration of video co...
Learn about an industry's products and services, markets and trends in international trade.
The finance sector is heavily investing in advanced video conferencing tools. This shift is driven by the need for secure and compliant communication as more finance professi...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The West, especially Silicon Valley, is a prime location for video conferencing developers due to its tech innovation ecosystem. Top talent and major tech companies in the ar...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Compliance with stringent regulations is a significant barrier for new entrants. Companies must invest heavily to ensure their software meets data security and privacy standa...
Learn about the performance of the top companies in the industry.
Microsoft is focusing on integration and AI-powered features. Microsoft Teams has integrated new AI-powered enhancements, such as real-time language translation and advanced ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government support encourages innovation and protection for tech companies. The US government offers a range of support mechanisms such as tariffs, SBIR grants and R&D tax cr...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Labor costs are high due to specialized skill sets. Developing robust video conferencing solutions requires expertise in programming, cybersecurity and networking, leading to...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Video Conferencing Software Developers in the US industry in United States is $12.5bn in 2024.
There are 105 businesses in the Video Conferencing Software Developers in the US industry in United States, which has grown at a CAGR of 13.8 % between 2019 and 2024.
The market size of the Video Conferencing Software Developers in the US industry in United States has been growing at a CAGR of 9.0 % between 2019 and 2024.
Over the next five years, the Video Conferencing Software Developers in the US industry in United States is expected to grow.
The biggest companies operating in the Video Conferencing Software Developers market in United States are Microsoft Corporation, Zoom Video Communications, Inc. and Alphabet Inc.
Development of standalone video conferencing software and Development of unified communications as a services platform are part of the Video Conferencing Software Developers in the US industry.
The company holding the most market share in United States is Microsoft Corporation.
The level of competition is moderate and increasing in the Video Conferencing Software Developers in the US industry in United States.