North America Video Conferencing Hardware Market Size (2024 - 2029)

North America Video Conferencing Hardware Market Analysis

The North America Video Conferencing Hardware Market size is estimated at USD 5.58 billion in 2024, and is expected to reach USD 11.32 billion by 2029, growing at a CAGR of 15.20% during the forecast period (2024-2029).

Technological advancements in hardware such as cameras, MCUs, codec systems, enterprise headsets, and USB-based integrated bars drive the video-conferencing hardware market. The remote work or work-from-home culture of various organizations drives the demand for video conferencing hardware.

The advancement of MCUs accelerated group meetings, enabling efficient integration of inputs from various sources. MCUs ensure that each member in the video call meets the same collective feed, thus allowing efficient group communication by linking the different streams of video, audio, and data into a unified, single broadcast. Furthermore, modern MCUs integrate advanced features like transcoding that boost their potential to handle many participants with variable codec requirements bandwidth.

Cameras play a crucial role in video conferencing and remote communication in the digital world. The rising demand for remote collaboration solutions and the growth of remote work culture drive the adoption of high-resolution cameras. Prominent vendors in the camera market, such as Hikvision, Logitech, Sony, Dahua, and Huawei, are continuously investing in research and development to design innovative camera solutions with the latest technology to cater to consumer demand.

The continuous innovation and upgradation in the existing hardware create huge market opportunities. According to the Honeywell Industrial Cybersecurity USB Threat Report, in H1 2023, researchers recognized a three times rise in USB-borne malware led by two espionage campaigns that used the SNOWYDRIVE and SOGU malware variants. Both variants were spyware used to view, steal, and gain access to corporate information. To avoid such attacks, Lenovo's ThinkSmart Manager offers a USB disable option to block the USB port of conferencing devices remotely, significantly decreasing this risk and improving the device's security. Such innovations are expected to drive the market growth in the coming years.

The growth of 5G network has made it easier for people to use video-conferencing solutions, as it reduces latency and increases network speed. On the other hand, technical issues with audio/video hardware devices can limit the market growth. Low network bandwidth or connectivity issues with USB cameras/speakers/micromotes can also prevent the market from expanding. Additionally, data security issues and poor-quality audio/video or software can prevent the market from growing.

In addition, the economic slowdown and rising inflation in North America have reduced consumer spending, leading to reduced demand for video conferencing hardware and electronics products. Furthermore, the war between Russia and Ukraine hampered the global supply chain and resulted in a delay in the production of electronics products due to the unavailability of raw materials. All of these factors are likely to restrict the market growth.

North America Video Conferencing Hardware Industry Segmentation

Video conferencing hardware includes physical components and devices to facilitate practical video conferencing sessions. These tools capture, handle, and send video and audio signals among participants in a video conference. Essential hardware components in video conferencing systems usually consist of codecs or processors, collaboration bars, Multi-Control Units (MCU), Collaboration Bar Codec Systems, USB Cameras, USB-based Integrated Bars, and Other Packaged Kits. 

The study tracks the revenue accrued through the sale of video conferencing hardware by various players in the North American market. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the after-effects of COVID-19 and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.

The North American video conferencing hardware market is segmented by product (multi-control units (MCU), collaboration bars, codec systems, USB cameras, USB-based integrated bars, other bundled kits, and enterprise headsets), end user (institutions and commercial spaces), and country (United States and Canada). The market sizes and forecasts are provided in terms of (USD) for all the above segments.