The Asia-Pacific virtual meeting software market is evaluated to register a CAGR of 13.72% during the estimated period of 2022 to 2030, reaching a revenue share of $8997.93 million by 2030.
ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET FORECAST 2022-2030
Asia-Pacific Virtual Meeting Software Market by Component (Software, Service) Market by Deployment Mode (on-premise, Cloud) Market by Enterprise Size (Large Enterprise, Small & Medium Enterprise) Market by End-users (BFSI, Education, IT & Telecom, Government, Healthcare, Manufacturing, Other End-users) by Geography
The Asia-Pacific virtual meeting software market is evaluated to register a CAGR of 13.72% during the estimated period of 2022 to 2030, reaching a revenue share of $8997.93 million by 2030.
The market growth of the region is ascribed to the rising youth population, the innovative use of virtual meeting software, including cultural events, election campaigning, virtual weddings, and receptions, as well as the reduction in travel expenses. However, factors such as the loss of physical human interaction may impact the regional market’s growth.
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The Asia-Pacific virtual meeting software market growth study covers the assessment of Japan, Australia & New Zealand, India, Vietnam, Indonesia, China, South Korea, Thailand, and Rest of Asia-Pacific. With the effect of the COVID-19 pandemic, China has extensively used virtual meeting software, especially in the government sector. Moreover, numerous world leaders’ summits, international conferences, policy talks, and others are among the key focus aspects associated with the use of virtual meeting software in the country. For instance, American President Joseph R. Biden, Jr. virtually met with President Xi Jinping of the People’s Republic of China (PRC) in November 2021. Furthermore, China also hosted an online meeting with Central and South Asian state leaders in order to discuss the situation in Afghanistan.
On the other hand, Japan is highly advanced in terms of the use of technology. Since the beginning of the pandemic, the country has utilized virtual meeting platforms in innovative ways across fields such as healthcare, information technology (IT), education, government, manufacturing, and others. In the realm of education, Japan used virtual meeting software for online paper presentations, education fairs, classes, and conferences, in addition to numerous other applications.
The 2021 Study in Japan Fair entailed a virtual fair designed to provide international students with updated and accurate information related to Japanese higher education and research. This would help students choose the right school and accomplish their academic pursuits, thus promoting study in the country. Therefore, these factors are set to proliferate the Asia-Pacific virtual meeting software market growth during the forecasting years.
The Asia-Pacific virtual meeting software market is segmented into component, deployment mode, enterprise size, and end-users. The enterprise size category is further classified into large enterprises and small & medium enterprises. An important way that large enterprises achieve improved balance is by providing remote positions where employees can work from any given location through an internet connection. Even when a physical presence in the workplace is needed, several companies offer a hybrid model leveraging flexible work hours as well as video conferencing software.
Virtual meetings are an integral part of conducting business in the present market scenario. It facilitates visual communication with colleagues and clients anywhere and anytime. Furthermore, a video call can save money and energy, and minimize environmental impact in unique yet significant ways. Hence, with these advantages, an increasing number of small & medium enterprises are adopting online meetings as their preferred mode of communication.
The key players operating in the Asia-Pacific virtual meeting software market include Zoho Corporation, Huawei Technologies Co Ltd, Avaya Inc, etc.
Huawei Technologies Co Ltd, headquartered in China, is an information and communication technology company. Its product portfolio entails core network, broadband, transmission network, mobile, and data communication products, in addition to value-added services.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Component, Deployment Mode, Enterprise Size, and End-Users |
| Countries Analyzed | China, Japan, South Korea, Thailand, Australia & New Zealand, India, Indonesia, Vietnam, and Rest of Asia-Pacific |
| Companies Analyzed |
Zoom Video Communication Inc, Microsoft Corporation, Zoho Corporation, Adobe Systems Inc, Alphabet Inc, Cisco Systems Inc, GoTo Inc, Huawei Technologies Co Ltd, Avaya Inc, Aventri Inc, Sine Wave Entertainment Ltd, Lifesize Inc, Amazon.Com Inc, Livestrom Inc, and Airmeet Inc. |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- RISE IN ADOPTION OF VIRTUAL MEETING SOFTWARE AMONG CORPORATES AND GOVERNMENT ORGANIZATIONS
- INCREASE IN NUMBER OF VIRTUAL MEETING SOFTWARE PROVIDERS ACROSS THE GLOBE
- SURGE IN ADOPTION OF TECHNOLOGIES SUCH AS FACIAL RECOGNITION
- KEY RESTRAINTS
- TECHNICAL DIFFICULTIES
- LESS FACE-TO-FACE CONTACT WITH CLIENTS AND COLLEAGUES
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON VIRTUAL MEETING SOFTWARE MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY BUYING CRITERIA
- COMPATIBILITY
- EASE OF USE
- INTEGRATION
- COST EFFECTIVENESS
- MARKET BY COMPONENT
- SOFTWARE
- SERVICE
- MARKET BY DEPLOYMENT MODE
- ON-PREMISE
- CLOUD
- MARKET BY ENTERPRISE SIZE
- LARGE ENTERPRISE
- SMALL & MEDIUM ENTERPRISE
- MARKET BY END-USERS
- BFSI
- EDUCATION
- IT & TELECOM
- GOVERNMENT
- HEALTHCARE
- MANUFACTURING
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ADOBE SYSTEMS INC
- AIRMEET INC
- ALPHABET INC
- COM INC
- AVAYA INC
- AVENTRI INC
- CISCO SYSTEMS INC
- GOTO INC
- HUAWEI TECHNOLOGIES CO LTD
- LIFESIZE INC
- LIVESTROM INC
- MICROSOFT CORPORATION
- SINE WAVE ENTERTAINMENT LTD
- ZOHO CORPORATION
- ZOOM VIDEO COMMUNICATION INC
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – VIRTUAL MEETING SOFTWARE
TABLE 2: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT MODE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT MODE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY END-USERS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY END-USERS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: LEADING PLAYERS OPERATING IN ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET
TABLE 13: LIST OF MERGERS & ACQUISITIONS
TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES Â Â Â Â Â Â Â Â Â Â Â Â
LIST OF FIGURES
FIGURE 1: VIRTUAL MEETING SOFTWARE SOLUTION FOR A WORKING PERSON AND RELATED SECTOR
FIGURE 2: SHARE OF REMOTE WORKERS IN FULLY REMOTE MODE (IN 2019-2021)
FIGURE 3: KEY MARKET TRENDS
FIGURE 4: DIGITAL ADOPTION BY REGION IN 2021 (IN %)
FIGURE 5: PORTER’S FIVE FORCES ANALYSIS
FIGURE 6: OPPORTUNITY MATRIX
FIGURE 7: VENDOR LANDSCAPE
FIGURE 8: KEY BUYING CRITERIA
FIGURE 9: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY COMPONENT, IN 2021
FIGURE 10: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY DEPLOYMENT MODE, IN 2021
FIGURE 13: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY ENTERPRISE SIZE, IN 2021
FIGURE 16: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISE, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISE, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL BY END-USERS, IN 2021
FIGURE 19: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2030 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2030 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2030 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2030 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 27: CHINA VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: JAPAN VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 29: INDIA VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 30: SOUTH KOREA VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 31: INDONESIA VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 32: THAILAND VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: VIETNAM VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 34: AUSTRALIA & NEW ZEALAND VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: REST OF ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET, 2022-2030 (IN $ MILLION)Â Â Â Â
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- MARKET BY COMPONENT
- SOFTWARE
- SERVICE
- MARKET BY DEPLOYMENT MODE
- ON-PREMISE
- CLOUD
- MARKET BY ENTERPRISE SIZE
- LARGE ENTERPRISE
- SMALL & MEDIUM ENTERPRISE
- MARKET BY END-USERS
- BFSI
- EDUCATION
- IT & TELECOM
- GOVERNMENT
- HEALTHCARE
- MANUFACTURING
- OTHER END-USERS
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