PUBLISHER: Inkwood Research | PRODUCT CODE: 1069953
PUBLISHER: Inkwood Research | PRODUCT CODE: 1069953
The India virtual meeting software market is predicted to grow with a CAGR of 15.04% across the forecasting years of 2022 to 2028. The market growth of the country is facilitated by the rising use of virtual meeting software in the government sector, collaborations with key software firms, and the impact of COVID-19.
In India, nearly 600 million people are under the age of 25, with approximately 450 million young individuals enrolling in colleges, schools, and institutes for research. Moreover, the diverse option of distance learning as well as research facilities in urban regions, the rising enrollment of students in rural areas, and online classes given the COVID-19 pandemic have completely revolutionized the country's education sector.
The availability of online courses, MOOCs, and direct connectivity of teachers through virtual meeting software has augmented the reach of learning and education, as well. Hence, the two-way street for both virtual meeting software and its respective applications within the education industry in India has been integral to the country's market growth.
On the other hand, Bharti Airtel, India's leading telecommunications service provider, collaborated with Zoom Video Communications Inc in March 2021. Together, they launched India's foremost high-quality unified communications service offering, characterized as a secure and integrated platform for high definition (HD) audio, web, and video conferencing. Hence, these factors are set to propel the virtual meeting software market growth in India during the forecast period.
Top companies operating in the market include: Microsoft Corporation, Zoho Corporation, Zoom Video Communications Inc, etc.