The India virtual meeting software market is set to progress with a CAGR of 15.04% across the forecasting years, reaching a revenue share of $948.26 million by 2028. While the base year considered for the market studied is 2021, the forecast years are from 2022 to 2028.

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The country’s market growth is strengthened by the increasing use of virtual meeting software in the government sector, the collaborations with leading software firms, and the impact of COVID-19.

India is a leading user of virtual meeting software across all sectors of the country’s economy. While the government intensively utilizes virtual meeting software in decision-making, launch events, official proceedings, policy talks, and legal hearings, the central ministries shifted the majority of their daily business to virtual platforms from March to June 2020, with the lockdown guidelines’ amendment. This approach facilitates improved coordination as most federal establishments are operating with the skeletal strength of staff. For instance, senior officers, excluding those directly associated with COVID-19-related activities, either attend offices on staggered timings and rotations or work from home. Likewise, Prime Minister Narendra Modi’s meetings are now held virtually, as well.

On the other hand, the Union Cabinet chaired by the Prime Minister approved several structural and process reforms in India’s telecom sector. This was mainly accredited to the industry’s excellent performance in meeting COVID-19 challenges, with a significant rise in data consumption, work from home, online learning, and interpersonal connection through social media and virtual meetings. The reform measures are likely to further bolster the penetration and proliferation of telecom and broadband connectivity. As a result, these factors are anticipated to fuel the virtual meeting software market in India during the forecast years.

The India virtual meeting software market is segmented into component, deployment mode, enterprise size, and end-users. The end-users segment is further categorized into education, BFSI, manufacturing, IT & telecom, healthcare, government, and other end-users. In addition to streamlining internal communication, feature-rich as well as secure conferencing systems help BFSI organizations establish trusted relationships with clients, thus increasing the capability of serving them with improved efficacy. However, the demand for collaborating on virtual platforms has increased following the COVID-19 pandemic. Although nation-wide lockdowns and work-from-home protocols accelerated the adoption of conferencing applications, their efficiency in terms of streamlining operations was apparent before the pandemic struck.

On the other hand, the latest iteration of the virtual meeting software mode of communication enables parties to communicate via simple downloadable applications or ordinary web browsers with the use of WebRTC standards. As a tool, virtual meetings have acquired substantial traction in nearly all fields, including the healthcare industry. As a result, more and more patients, as well as medical professionals, are utilizing web conferencing for enhanced interactions.

Some of the leading companies operating in the India virtual meeting software market include Zoho Corporation, Zoom Video Communications Inc, Microsoft Corporation, etc.

Zoho Corporation, headquartered in India, develops web-based business tools and is best known for its online office suite offering. Formerly known as AdventNet, it is a software company that designs a suite of sales, collaboration, finance, marketing, and recruitment applications.

Zoho Meeting enables users to plan meetings and send email invitations to participants with the date, agenda, and time.

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