Global Tabletop Audio Conferencing Endpoints Market Report 2023

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04 Aug, 2023, 19:45 ET

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DUBLIN, Aug. 4, 2023 /PRNewswire/ -- The "Growth Opportunities in the Global Tabletop Audio Conferencing Endpoints Market-Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

In 2022, the total tabletop audio conferencing endpoint market sales reached $328.4 million, registering a decline of 19.4%

This comprehensive study delves into the dynamics of the tabletop audio conferencing endpoints market, shedding light on the ever-evolving trends in tabletop audio technology.

The report carefully examines the impact of the COVID-19 pandemic on the adoption of different endpoint types, providing valuable insights into the market's trajectory with revenue and unit shipment forecasts until 2027. Furthermore, the study offers an in-depth analysis of the TDM/IP and USB audio conferencing endpoint sub-segments, presenting trends, forecasts, and market shares within these categories.

With the market landscape experiencing changes in 2022, particularly with a decline in demand for IP audio devices and slowed sales of USB audio conferencing endpoints, the report aims to equip vendors in the tabletop audio conferencing endpoint market with actionable recommendations to seize emerging opportunities and navigate through challenges.

Owing to sluggish demand for TDM/IP endpoints and uncertainty about provisioning tabletop IP audio in meeting rooms among the majority of businesses, the total TDM/IP endpoints segment registered a decline of 6.2 percent, reaching $120.0 million in 2022. In 2022, the total USB endpoints segment registered a steep downturn in demand of 25.4 percent, dropping to $208.3 million for the year due to market saturation.

The market's revenue opportunity is increasingly shifting towards USB audio devices. Driven by remote working trends, there will be a slow but steady demand for personal USB audio endpoints over the forecast period. Personal USB tabletop audio device sales declined in 2022, as the sales was maximized in 2020-21 leveraging the remote working norm.

Personal USB audio device demand will recover from 2024 when replacement of units and repurchases occur. The group USB audio device segment is also gaining traction in meeting rooms as a part of stand-alone audio devices and A/V kits. This segment is experiencing a slew of new product launches that range from low-price to premium endpoints.

On the other hand, the IP endpoint segment is expected to see a gradual recovery on account of enterprises' return to office initiatives. However, user preference for USB wall-mount bars over IP tabletop audio devices in meeting spaces will make it difficult for IP audio conferencing endpoint sales to return to pre-COVID-19 levels.

Key Topics Covered:

1. Strategic Imperatives

2. Growth Opportunity Analysis

3. Growth Opportunity Analysis - TDM/IP Endpoints

4. Growth Opportunity Analysis - USB Endpoints

5. Growth Opportunity Universe

6. End User Surveys

For more information about this report visit https://www.researchandmarkets.com/r/sc7ffg

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SOURCE Research and Markets