The German video conferencing software market was valued at US$453.407 million in 2020.
The German video conferencing market will expand during the projected period due to the country's increasing internet penetration, as well as the increased use of digitalization in the healthcare sector and continuous office building development. Several tech companies have expanded their operations and widened their product portfolio to boost market sales in the long run. For instance, Vidyo, the pioneer of embedded video communications, has partnered with Computacenter, Europe's preferred IT provider, to help organizations throughout Western Europe better connect through outstanding video collaboration technology, whenever they are, from any device, and under any conditions. Computacenter provides VidyoCloudTM to its clients in the United Kingdom, France, and Germany to increase operational efficiency, flexibility, and agility for IT executives.
Moreover, Speech Processing Systems (SPS) is a global leader in dictation solutions and an international technology firm. SPS speech-to-text products, supplied under the Philips brand, are used by over four million people worldwide. Smart Meeting Series goods such as video-conferencing and audio-conferencing devices, workflow and voice recognition software, and hardware are examples of solutions. These intelligent solutions save users time and allow them to focus on their primary activities, allowing them to run a more efficient, customer-centric, and lucrative business. SPS has regional offices in North America, Germany, Australia, the United Kingdom, France, Belgium, and Austria, as well as a global network of over 1000 distribution and implementation partners.
Over the projected period, the rising digitalization of Germany will positively impact the video conferencing software market
Germany's video conferencing industry has grown significantly in recent years as a result of expanding secure internet servers and increased internet usage, as well as the country's transition to a hybrid and remote work culture. The European Union's Digital Economy and Society Index, which tracks digitalization initiatives throughout the union, had put Germany 13th among the EU's 27 member countries in August 2022. The government also intends to accelerate the implementation of high-speed internet connections and to construct more mobile towers around the country. By the end of 2025, half of all German households would have access to fast fiber optic connections, and the nation further aims to eliminate mobile dead zones by the end of 2026. As a result, due to these factors, the market for video conferencing software will be benefitted in the coming years.
Market Key Developments
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$453.407 million |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Deployment Model, Enterprise Size, And Industry Vertical |
| Companies Covered | Google LLC, Zoom Video Communications, Inc., GoTo, Twilio Germany GmbH, Pexip |
| Customization Scope | Free report customization with purchase |
Segmentation