Cisco & Logitech Benefit as Video Conferencing Equipment Market Rebounds
RENO, NV, September 23, 2020
The latest research from Synergy Research shows that the video conferencing equipment market returned to growth in Q2 after a run of four soft quarters. Worldwide revenues grew 11% compared with the second quarter of 2019. While the USB video conferencing segment continues to grow strongly, it was particularly notable that the traditional video conferencing systems segment returned to growth in the quarter. Cisco’s leadership in traditional video conferencing systems enabled it to claim a 47% share of the total video conferencing equipment market. Logitech continues to dominate the USB segment and its share of the total market grew to 17% in Q2. Cisco and Logitech are followed by Poly, Huawei and Aver. Sales of video conferencing equipment were almost $500 million in Q2, driven by 34% year-on-year growth in the USB segment and 3% growth in the traditional systems segment. While North America remains the biggest regional market, it was the EMEA region that had by far the highest growth rate. Over the last twelve months, total worldwide system sales were approaching the $2 billion mark.
“USB technology is more cost efficient and easier to use than traditional video codec systems and is also well aligned with flexible, cloud-based operations,” said Jeremy Duke, Synergy Research Group’s founder and one of its Chief Analysts. “The Conferencing SaaS market grew by 64% in Q2, driven primarily by VaaS which more than doubled in size. This booming VaaS market is helping to pull through strong demand growth for video conferencing equipment. USB is the main beneficiary but sales of traditional video conferencing end points are also once again on the rise.”
About Synergy Research Group
Synergy provides quarterly market tracking and segmentation data on IT and Cloud related markets, including vendor revenues by segment and by region. Market shares and forecasts are provided via Synergy’s uniquely designed online database tool, which enables easy access to complex data sets. Synergy’s CustomView ™ takes this research capability one step further, enabling our clients to receive on-going quantitative market research that matches their internal, executive view of the market segments they compete in.
Synergy Research Group helps marketing and strategic decision makers around the world via its syndicated market research programs and custom consulting projects. For nearly two decades, Synergy has been a trusted source for quantitative research and market intelligence. Synergy is a strategic partner of TeleGeography.
To speak to an analyst or to find out how to receive a copy of a Synergy report, please contact email@example.com or 775-852-3330 extension 101.