Global Tabletop Audio Conferencing Endpoints Market 2024–2033

Reports Description

As per the current market research conducted by CMI Team, the Global Tabletop Audio Conferencing Endpoints Market is expected to record a CAGR of 4.9% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 417.7 Million. By 2032, the valuation is anticipated to reach USD 681.4 Million.

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Tabletop Audio Conferencing Endpoints Market Overview

To have meetings with two or more people who are conversing exclusively through audio, one uses electronic communication channels. Today, audio conferencing is highly sought-after for the efficient administration of businesses and employees as well as more fruitful partner interactions.

Numerous online collaboration technologies, including screen sharing, team messaging, and meeting recording, may be used with many audio conferencing platforms to increase the value of audio meetings. It offers several advantages and benefits, including being a more affordable alternative to in-person meetings and travel, as well as the ability for organizations to conduct meetings and conferences without the need for expensive equipment.

A phone and a conference call service are all that is required. An endpoint is a point for making both logical and physical connections to audio systems like speakers and microphones. Every company's collaborative journey began with the use of audio conferencing endpoints. Offices employ a range of audio conferencing technologies that are supported by different connectivity interfaces, cutting-edge features, and usefulness.

Tabletop Audio Conferencing Endpoints Market: COVID–19 Impact Analysis

Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created a number of difficulties. Globally, the use of remote working by major company employees and sporadic lockdowns brought on by COVID-19 protocols in some countries caused a decline in revenue for IP tabletop audio conferencing endpoints.

The restriction imposed by the nation has affected the economy of almost every country due to the lockdown situation and for an initial period of time, many enterprises are not aware of the fact that they need to continue their business from their home and thus it created a situation where people are not ready for virtual businesses. Employees were facing problems as many companies cut off the expenses that affected their services due to heavy financial loss. These all factors damaged the market for tabletop audio conferencing endpoints market.

Tabletop Audio Conferencing Endpoints Market: Growth Drivers

The expansion of the huddle room increases demand for audio conferencing endpoints

Demand for tabletop audio conferencing endpoints is anticipated to increase due to the adoption of unified communications and collaboration (UCC) services, as well as endpoints' increasing flexibility to support multiple connectivity options like VoIP, USB, and Bluetooth and the ability to adapt to various UCC environments.

The increased adoption of video collaboration tools by businesses has significantly accelerated the expansion of meeting places. Business settings throughout the world are changing from large boardrooms to small huddle rooms, which has raised the need for voice over Internet protocol (VoIP) and USB tabletop audio conferencing endpoints.

Companies are increasingly using tabletop audio conferencing endpoints as huddle rooms increasingly emphasize strong audio that speeds up interaction and enhances video conferencing. Moreover, the expansion of collaborative workspaces (boardrooms, medium-sized rooms, multipurpose rooms, or huddle rooms) in corporate offices throughout the world is what fuels the expansion of A/V technologies like audio-conferencing endpoints.

Sales of audio and video conference endpoints have increased as a result of the widespread availability of collaborative services, which has led to a large growth in the number of meetings that are held and the number of attendees at each meeting.

Tabletop Audio Conferencing Endpoints Market Segmentation Analysis

The tabletop audio conferencing endpoints market is segmented into type and application. Based on type, the market for universal serial bus (USB) tabletop conferencing endpoints segment is estimated to lead the market during the forecast period.

The market for USB audio conferencing endpoints is expanding as a result of a range of inexpensive USB endpoints and rising video use. The income opportunity on the market is gradually moving toward USB audio devices. There will be a moderate but constant increase in demand for personal USB audio endpoints, driven by trends in remote working.

The market for group USB audio devices is expanding in meeting spaces as a component of standalone audio devices and A/V kits. There are several new product introductions in this market category, ranging from low-cost to expensive endpoints.

VoIP is helping the market for audio conferencing endpoints. As meeting room arrangements in businesses across the world have shifted from large boardrooms to compact huddle rooms, the need for voice over Internet protocol (VoIP) audio conferencing endpoints has grown.

Companies are increasingly using tabletop audio conferencing endpoints as huddle rooms increasingly emphasize strong audio that speeds up interaction and enhances video conferencing. Additionally, the swift transition from TDM to IP infrastructure has raised the need for VoIP conference phones in small and midsize meeting spaces.

By application, the multinational corporation segment is anticipated to dominate the market during the forecast period. Modern conference call services provide smooth communication and cross-border collaboration with corporate partners. Huddle rooms and flexible meeting spaces have developed as a result of tighter financial restrictions.

The advent of the huddle room is pushing providers of audio conferencing endpoints to meet huddle room needs, which is projected to drive the market for audio-conferencing endpoints. Hence, the use of audio conferencing endpoints and benefits are making the multinational corporation use it, which makes it the leading segment during the forecast period.

Since communication innovation has facilitated business and made it faster, easier, and more cost-effective, while companies have begun in audio and web collaboration techniques to communicate with customers and also the team members at different locations, this segment has held a significant share of the market among the other segments.

Report Scope

Key Insights:

• Based on type segmentation, the USB audio conferencing endpoints segment is estimated to hold the largest market share during the forecast period and the VoIP type segment is expected to grow at the highest rate.
• Based on application segmentation, the multinational corporation segment in the tabletop audio conferencing endpoints is the leading revenue-generating category during the forecast period.
• On the basis of geography/region, the North America region was the leading revenue generator in 2021.

Recent Development

• July 2022: The introduction of Philips Smart Meeting Series video conferencing and audio-conferencing products in India has been announced by Ceeco.
• March 2018: Plantronics and Polycom declared that they had signed a legally binding agreement, according to which Plantronics will buy Polycom for $2.0 billion in cash and equity. Plantronics will have the largest range of complementary goods and services available in the worldwide communications and collaboration market thanks to the acquisition of Polycom, and it will be able to deliver outstanding user experiences.

Regional Landscape

Throughout the projection period, North America is expected to continue to be among the most alluring markets and this region is accounted for the majority revenue share in the market. Due to variables including the region's strong expansion of the audio market, which includes the demand for inexpensive bridging when compared to video conferencing, simple setup, and a robust automated conference service feature.

The market is expanding as a result of the growing popularity of audio conferencing in nations including the US, Canada, and Mexico. Throughout the projected period, the North American area is anticipated to maintain its supremacy.

Due to the presence of major market players, particularly in some of the countries like India, China, and Japan, as well as the strategy of expanding the current portfolio of products and services to retain the existing customers, the Asia Pacific region is anticipated to see an increase in market value.

The economy of the nations in the Asia-Pacific region is expanding at the quickest rate in the globe. The astounding rate of industrialization in the Asia Pacific is anticipated to continue in the years to come. Leading industrialization at a rapid pace are a number of sizable businesses in the area that are extending their operations throughout the Asia Pacific.

Furthermore, it is anticipated that developing SMEs with larger capital investments would accelerate the use of audio conferencing systems. Thus, the regional video conferencing market participants are expected to see a major demand given the growth prospects of both large corporations and SMEs in the area.

Competitive Landscape

Our report offers both quantitative and qualitative insights into the WebRTC market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

List of the prominent players in the global tabletop audio conferencing endpoints market:

• Polycom
• Videonations
• StarLeaf
• ADDCOM
• Logitech
• PHILIPS
• Yealink
• Crestron
• Frost and Sullivan
• Sony
• Vidyo
• Others

The global Tabletop Audio Conferencing Endpoints Market is segmented as follows:

By Type

• TDM
• VoIP
• USB

By Application

• Multinational Corporation
• Government and NGOs
• Others

Regional Coverage

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America