Disruptive Shifts and Growth Hubs in the European Video Conferencing Devices Sector
A video-first strategy is imperative to thrive in hybrid work
Research Overview
Hybrid work is here to stay, and the workplace is rapidly changing. As the pandemic has influenced people's attitudes toward hybrid work to varying degrees, the percentage of people who will return to the workplace is in flux. As a result, there is a greater need to recognize employee preferences for hybrid working and accommodate multiple user-profiles along with their specific requirements for collaboration technologies. Video collaboration, in particular, has become pivotal to enterprises' digital transformation efforts and a cornerstone for hybrid work.
The market for video conferencing devices in Europe will continue to exhibit steady growth, registering revenue CAGR of 23.8 percent by 2026. The video devices market is in high growth base driven by the USB video devices and all-in-one (AIO) collaboration bars.
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