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INDIA VIRTUAL MEETING SOFTWARE MARKET FORECAST 2022-2028

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.

INDIA VIRTUAL MEETING SOFTWARE MARKET FORECAST 2022-2028

India 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)

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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.

India Virtual Meeting Software Market

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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.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Component, Deployment Mode, Enterprise Size, and End-Users
Country Analyzed India
Companies Analyzed

Zoom Video Communication Inc, Adobe Systems Inc, Zoho Corporation, Alphabet Inc, Microsoft Corporation, Cisco Systems Inc, Huawei Technologies Co Ltd, Goto Inc.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY DRIVERS
      • KEY RESTRAINTS
    3. 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
      • PESTLE ANALYSIS
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
        • COMPATIBILITY
        • EASE OF USE
        • INTEGRATION
        • COST EFFECTIVENESS
    1. MARKET BY COMPONENT
      • SOFTWARE
      • SERVICE
    2. MARKET BY DEPLOYMENT MODE
      • ON-PREMISE
      • CLOUD
    3. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISE
      • SMALL & MEDIUM ENTERPRISE
    4. MARKET BY END-USERS
      • BFSI
      • EDUCATION
      • IT & TELECOM
      • GOVERNMENT
      • HEALTHCARE
      • MANUFACTURING
      • OTHER END-USERS
    5. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ADOBE SYSTEMS INC
        • ALPHABET INC
        • CISCO SYSTEMS INC
        • GOTO INC
        • HUAWEI TECHNOLOGIES CO LTD
        • MICROSOFT CORPORATION
        • ZOHO CORPORATION
        • ZOOM VIDEO COMMUNICATION INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VIRTUAL MEETING SOFTWARE

    TABLE 2: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 4: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT MODE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT MODE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 6: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 8: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY END-USERS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY END-USERS, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 10: LIST OF MERGERS & ACQUISITIONS

    TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: VIRTUAL MEETING SOFTWARE SOLUTION FOR A WORKING PERSON AND RELATED SECTOR

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: INDIA VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 8: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

    FIGURE 9: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

    FIGURE 10: INDIA VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODE, IN 2021

    FIGURE 11: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)

    FIGURE 12: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)

    FIGURE 13: INDIA VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL, BY ENTERPRISE SIZE, IN 2021

    FIGURE 14: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISE, 2022-2028 (IN $ MILLION)

    FIGURE 15: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISE, 2022-2028 (IN $ MILLION)

    FIGURE 16: INDIA VIRTUAL MEETING SOFTWARE MARKET, GROWTH POTENTIAL, BY END-USERS, IN 2021

    FIGURE 17: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2028 (IN $ MILLION)

    FIGURE 18: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)

    FIGURE 19: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2028 (IN $ MILLION)

    FIGURE 20: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)

    FIGURE 21: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

    FIGURE 22: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

    FIGURE 23: INDIA VIRTUAL MEETING SOFTWARE MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY COMPONENT
      • SOFTWARE
      • SERVICE
    2. MARKET BY DEPLOYMENT MODE
      • ON-PREMISE
      • CLOUD
    3. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISE
      • SMALL & MEDIUM ENTERPRISE
    4. MARKET BY END-USERS
      • BFSI
      • EDUCATION
      • IT & TELECOM
      • GOVERNMENT
      • HEALTHCARE
      • MANUFACTURING
      • OTHER END-USERS

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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