PUBLISHER: Inkwood Research | PRODUCT CODE: 1069950
PUBLISHER: Inkwood Research | PRODUCT CODE: 1069950
The Asia-Pacific virtual meeting software market is predicted to rise with a CAGR of 13.72% during the forecasting period of 2022 to 2030. The market growth of the region is credited to the surging youth population, the innovative usage of virtual meeting software in election campaigning, cultural events, virtual weddings, and receptions, and the reduction in travel expenses.
The Asia-Pacific virtual meeting software market growth analysis encompasses the assessment of Japan, Vietnam, Indonesia, China, South Korea, Australia & New Zealand, India, Thailand, and Rest of Asia-Pacific. South Korea is a vibrant country in terms of the use of technology. Software platforms, virtual meetings, and e-governance are among the major developments in the nation, regarded way ahead of other countries' developments. South Korean telecom operators are also increasing their efforts to facilitate virtual education and teleconference services as the prolonged pandemic restricts in-person contact, thus encouraging work-from-home practices.
On the other hand, Indonesia is a developing economy in South East Asia. The two regulations issued in the country by the Indonesian Financial Services Authority take cognizance of the reformed circumstances by establishing a firm legal framework. This would enable public companies to securely and efficiently switch from physical to virtual general shareholder meetings. As a result, these factors are anticipated to augment the virtual meeting software market growth during the forecasted years.
The top players operating in the market are: Huawei Technologies Co Ltd, Avaya Inc, Zoho Corporation, etc.