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Frost Radar™: Meeting Room Video Conferencing Devices, 2024

What growth strategies are you implementing to take advantage of best practices in meeting room video conferencing devices?

Advancements in camera technology and cloud-based meetings are transforming the meeting room experience. Now, fueled by new growth vectors, hybrid work models, and workplace optimization initiatives, the meeting room video conferencing devices industry is set to generate new opportunities worth $7.16 billion by 2028, growing at a projected CAGR of 17.7%. Consequently, providers are scrambling to make up for declining revenues from adverse macroeconomic conditions in 2022 and 2023 by focusing on:

  • Artificial intelligence (AI)-first, intuitive audio and video capabilities.
  • Multi-camera solutions.
  • Advanced automation and analytics.
  • Interoperability with third-party collaboration platforms and cloud environments.
  • Customization and vertical-specific solutions.

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Key Strategic Imperatives Transforming Meeting Room Experiences

Disruptive Technologies

Advancing core video conferencing technologies through AI-driven innovation, including intelligent analytics, automation, smart camera switching, real-time transcription, and speaker tracking, to enhance meeting productivity, efficiency, and overall user experience.

Transformative Megatrends

Maximizing meeting inclusivity and equality for both in-office and remote employees. Additionally, prioritizing sustainability and circularity with initiatives like using recyclable materials, responsible manufacturing, sustainable packaging, and product refurbishment.

New Business Models

Adapting growth strategies to meet evolving customer needs of technology consolidation and office modernization by forging the right strategic partnerships. Also, focusing on providing unified solution portfolios, 'as-a-service' business models, and real-time workplace analytics.
How will your organization overcome growth barriers and adapt to these imperatives that are unleashing new opportunities in video conferencing?

This Frost Radar™ is a robust analytical tool designed to assess vendors of meeting room video conferencing devices on various qualitative and quantitative parameters. It aims to drive innovation, enhance competitive differentiation, and promote transformational growth for providers, while guiding customers to optimal technology strategies, partnership opportunities, and best practices for their specific needs. Leverage this competitive benchmarking tool to unlock your growth potential by harnessing the latest advancements in video conferencing technologies.

In a highly fragmented and competitive industry with over 50 video conferencing device vendors, this Frost Radar™ identifies 14 leading providers that demonstrate a commitment to continuous growth and innovation. These companies successfully differentiate themselves by utilizing AI, security technologies, channel partnerships, and innovative services to offer superior audio/video quality, centralized device monitoring and management, specialized solutions, and real-time analytics. Providers featured on this Frost RadarTM are: AVer, Cisco, Crestron, DTEN, Google, Huawei, Huddly, Jabra, Lenovo, Logitech, Neat, Owl Labs, Poly (by HP), and Yealink. 

Are your leadership teams equipped to measure the ROI potential of strategic alliances in the evolving video conferencing technologies landscape?

Download this Frost RadarTM for comprehensive intelligence on these companies, spanning competitive strategies, best practices, growth/innovation metrices, technology differentiators, and strategic partnerships.

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A Growth Pipeline Dialog is a structured discussion with our growth experts providing unparalleled technology intelligence and proven implementation best practices. This discussion will spark innovative thinking and help generate a pipeline of growth opportunities you can leverage to maximize your company’s future growth potential.

Upon completing the dialog session, you will receive a $1,000 honorarium as a token of our appreciation, which can be used towards the purchase of our products or services.

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