Conference Room Solutions Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2021-2031

As per the revised report by Future Market Insights (FMI), the global conference room solution market is expected to expand at a CAGR of 14.7% over the forecast period (2021-2031). Thanks to rising demand for improvement in enterprise communication network, the market valuation is expected to surpass US$ 1.18 Bn in 2021.

Conference Room Solutions Market

Conference room solutions provide on-demand tools for professional collaboration, online meetings, web conferencing and video conferencing services. It supports the requirements for corporate meeting, trainings, and events.

Conference room solution platforms help enterprises to run productive meetings, with functionalities such as interactive whiteboards for end-users. Nowadays, IT and telecom companies are adopting cloud communication solutions for video and web conferencing to reduce the complexity of implementation and maintenance processes.

Cloud service providers are playing a significant role, as remote access to business databases becomes mainstream. With the frequent advancements in cloud security, numerous enterprises are opting for cloud services, including software-as-a-service (SaaS) and cloud storage offerings.

For conference room solution providers, cloud services create notable opportunities in terms of providing cost effective solutions to customers. Cloud service providers can also assist in developing conference room solutions for professionals across different geographical locations without expanding their physical distribution channel.

Conference Room Solutions Market

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Key Takeaways from Conference Room Solutions Market Study

  • IT and telecom applications will account for more than 22% of the market, owing to higher adoption of online services.
  • Projectors will reflect higher adoption rates holding 35% of the market, supported by higher audio-visual requirements of industry end users.
  • Australia, and New Zealand are leaders in the South Asia & Pacific market, reflecting a CAGR of over 23% through 2031, on the back of growing business requirements.
  • The market in the U.S. is projected to expand at a CAGR of 10.6% through 2031, supported by a mature business sector.
  • Japan will hold the lead in East Asia by the end of 2031, with a CAGR of over 20% owing to better consumer awareness and acceptance.​

“Key players are focusing more on the development and implementation of new solutions including cloud communication and video-enabled conference room solutions for better workflow and business applications. Recent improvements in real-time communications will create opportunities for the foreseeable future in the conference room solutions market,” says a Future 

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