Norway and Finland Business Headsets Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Norway & Finland Business Headsets Market is estimated to register a compound annual growth rate (CAGR) of 11.3% during the forecast period 2022-2027. The market is recording a revenue of US$ 12.3 Mn in 2021 and is forecasted to reach US$ 23.3 Mn by the end of 2027. In terms of volume, the Norway & Finland Business Headsets Market is registering a CAGR of 10.8% over the projection period. Voice quality is tremendously becoming vital with the growing product launches by the enterprises for applications, including audio, video, softphones, and web conferencing. Headsets can provide one of the most convenient ways to take and receive calls, they can also be an essential part of the collaboration experience, or merely a solution to help teams maintain focus. The right headset ensures clear and cohesive conversations among call center (BPOs) executives, office workers, and endless other members of the business landscape.

The growing impetus of the market is attributed to factors such as growing usage of business headsets in both telecom companies & military application and high demand from the entertainment and sporting sectors. The rising number of call centers and BPOs is triggering the market for business headsets in Norway & Finland. Headsets for this environment are often simple, lightweight, wired/wireless headsets with noise cancelling. Noise cancellation reduces the distraction of background noise for both operator and customer, allows worker to focus on the call and the customer to hear the operator clearly. Furthermore, various business operations and offices are installing some sort of unified communications where headsets are a crucial element for sophisticate communication which results in boosting the growth of business headsets market in the Norway and Finland. Moreover, in the military, headsets ensure clear, crisp communication for the most demanding environments and critical operations. In addition, entertainment, concerts, and sporting events at stadiums, convention centers and festival grounds have the largest number of attendees. At these events headsets connect most staff working during these events to communicate with colleagues. Further, the rise in technological advancements such as Bluetooth technology, noise cancellation, and nano chips, among others is expected to propel market growth over the forecast period. However, the availability of substitutes such as earphones and EarPods is expected to hinder market growth over the projection period. 

Key Insights of the Report: 

• Latest study published by Astute Analytica analyzes the Norway & Finland Business Headsets Market for the study period of 2017-2027; where historical years are 2017-2020, base year is 2021 and forecast period is 2022-2027.  
• The research report offers detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.  
• The research study is a compilation of 9 chapters distributed across 124 pages with 20 list of tables and 43 list of figures.  
• The market is segmented based on headset type, applications, and country.
• The market estimates are presented in terms of value (US$ Mn) and volume (Units). 
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models. 
• A detailed value chain analysis of the industry was conducted. It includes raw material providers, manufacturers, distributors, and end-users.
• The competitive dashboard section include analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.  

Key Takeaways from the Norway & Finland Business Headsets Market Report

• Based on headset type, the DECT headsets hold the highest share in the Norway & Finland Business Headsets Market in 2021 and registers the highest CAGR over the projection period. DECT stands for Digital Enhanced Cordless Telecommunications and is the name for a technical standard. A DECT headset ensures great freedom of movement, as the base station can still receive the signal from some distance away. Thus,mobility is one of the most significant advantages offered by wireless headsets, which enables employees to use the headsets while performing other tasks.
• In terms of application, the financial segment holds the highest market share in 2021 and is projected to continue its dominance over the forecast period. However, the retail and e-commerce segment record the highest CAGR during 2022-2027. This is because e-commerce sector is advancing in Finland and Norway.
• Finland dominates the Norway & Finland Business Headsets Market in 2021, with DECT headsets holding a majority of market share in 2021. Further, in terms of application, the financial segment leads the market in 2021 with a share of 51%. 
• Norway business headsets market was valued at US$ 5.9 Mn in 2021. The DECT headset type held the highest market share in 2021. Further, based on application, the retail & e-commerce segment registers the highest CAGR over the forecast period. 

Competitive Dashboard

The key players in the Norway & Finland Business Headsets Market are Plantronics, Inc., Jabra, GN Store Nord A/S, Logitech, Dell, and Sennheiser Electronic GmbH & Co. KG, among others.Through extensive research, it is found that big players have adopted various competitive strategies such as merger & acquisition in order to have a grip in the stabilized market scenarios. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies. Influx of international brands and products from Chinese manufacturers has further impacted market share holdings of leading players.

Segmentation Overview

The following are the different segments of the Norway & Finland Business Headsets Market:

By Type segment of the Norway & Finland Business Headsets Market is sub-segmented into:

• USB Series Corded Headset
• USB Series Bluetooth Headsets
• DECT Headsets
• Others

By Application segment of the Norway & Finland Business Headsets Market is sub-segmented into:

• Financial
• Retail
• Others