Market by Deployment Type, Component, Enterprise Size, Applications, and Country Outlook | 2022-2028
As per Triton Market Research’s report, the virtual meeting software market in the Asia-Pacific is likely to grow with a CAGR of 13.81% in the forecasting years 2022-2028.
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The
countries analyzed in this region include:
•
India
•
China
•
South Korea
•
Japan
•
ASEAN Countries
•
Australia & New Zealand
•
Rest of Asia-Pacific
The market in this
region is expected to witness the fastest growth rate in the forthcoming years.
The reduction in commuting costs due to the adoption of VM software is
increasing its usage in the corporate sector in areas like IT &
Telecommunications and BFSI, among others. The innovative use of virtual meeting software, for
purposes like election campaigning, virtual weddings &
receptions, cultural events, etc., is on the rise in India, South Korea, China,
Pakistan, and Sri Lanka.
Japan is ahead of the world
when it comes to embracing technology. Since the beginning of the pandemic, it
has used virtual meeting platforms in innovative ways for education,
healthcare, IT, government, manufacturing, and others. In education, the nation
has used VM software for virtual education fairs, conferences, paper
presentations, classes, and numerous other applications.
Particularly in
healthcare, Japan revolutionized the use of virtual meeting software.
The team and faculty at the Hokkaido University happened to use Cisco Systems
Inc’s WebEx™ technology way before the imposition of a lockdown, while
participating in an international conference for collaborative research. These
developments show that the market for virtual meeting software in India is on a
growth path.
India is a leading user
of VM software in almost all its sectors. The government here extensively uses this
software for launch events, decision making, policy talks, legal hearing, and
even official working, among others. The central government ministries shifted
most of their daily operations to these virtual platforms in the period between
March and June 2020, with the amendments in lockdown guidelines. This has
enabled better communication and coordination. Developments like these are
expected to drive the studied market’s growth in the coming years.
On-premise deployments enable
enterprises to deploy meeting connector virtual machines within their internal network.
The on-premise meeting connector environment consists of various types of
virtual machines: the meeting connector controller, the recording connector,
and the multimedia router.
On-premise software
requires a business to purchase a license or a copy of the software to use it. As
the software is licensed and used within an organization’s premises, it is
generally more secure than cloud computing infrastructure. The
studied report assesses the market’s growth based on deployment type, component, enterprise
size, and applications. Here, the deployment segment
comprises on-premise and cloud.
Leading companies considered in the virtual
meeting software market include Zoom Video Communications Inc,
Cisco Systems Inc, Zoho Corporation, Amazon Inc, Adobe Inc, Alphabet Inc, Sine Wave
Entertainment Ltd, and Huawei Technologies Co Ltd.
Zoho Corporation is an
India-based multinational tech company that offers web-based business tools.
The company was formerly known as AdventNet. It develops a suite of sales,
marketing, finance, recruitment, and collaboration applications, and is best
known for its online office suite Zoho. Its VM software products include Zoho
Meeting and Zoho Webinar. Zoho has a range of superior products that itself acts
as a unique marketing strategy. Therefore, the company invests heavily in
product development than it does on marketing.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the virtual meeting software market revenue
growth in Asia-Pacific and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces
· A
wide-ranging study of factors that will challenge the APAC virtual meeting
software market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
Market by Security Testing Typ ..
VIEW REPORT1. ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE VIRTUAL MEETING SOFTWARE INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. GROWING
ONLINE EDUCATION
2.2.2. INCREASING
ACCEPTANCE OF VIRTUAL MEETING SOFTWARE
2.2.3. RISING
PENETRATION OF DIGITAL PLATFORMS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.4.1. COMPATIBILITY
2.4.2. EASE
OF USE
2.4.3. INTEGRATION
2.4.4. COST-EFFECTIVENESS
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.7.3. PARTNERSHIPS
2.7.4. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. INCREASE
IN THE NUMBER OF VIRTUAL MEETING SOFTWARE PROVIDERS ACROSS THE GLOBE
2.8.2. SURGE
IN THE ADOPTION OF TECHNOLOGIES LIKE FACIAL RECOGNITION
2.8.3. RISE
IN THE ADOPTION OF VIRTUAL MEETING SOFTWARE BY CORPORATE AND GOVERNMENT
ORGANIZATIONS
2.9. MARKET
CHALLENGES
2.9.1. LESS
FACE-TO-FACE CONTACT WITH CLIENTS AND COLLEAGUES
2.9.2. TECHNICAL
DIFFICULTIES
2.10. MARKET
OPPORTUNITIES
2.10.1. CLOSURE
OF OFFICES AND OTHER FACILITIES DUE TO LOCKDOWNS
2.10.2. INCREASED
PRODUCTIVITY DUE TO WORK-FROM-HOME CULTURE
3. ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY DEPLOYMENT TYPE
3.1. ON-PREMISE
3.2. CLOUD
4. ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY COMPONENT
4.1. SOFTWARE
4.2. SERVICE
5. ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY ENTERPRISE SIZE
5.1. LARGE
ENTERPRISES
5.2. SMALL
& MEDIUM ENTERPRISES
6. ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY APPLICATIONS
6.1. BFSI
6.2. EDUCATION
6.3. IT
& TELECOM
6.4. GOVERNMENT
6.5. HEALTHCARE
6.6. MANUFACTURING
6.7. OTHER
APPLICATIONS
7. ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET – COUNTRY OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
7.4. SOUTH
KOREA
7.5. ASEAN
COUNTRIES
7.6. AUSTRALIA
& NEW ZEALAND
7.7. REST
OF ASIA-PACIFIC
8. COMPETITIVE
LANDSCAPE
8.1. ZOOM
VIDEO COMMUNICATIONS INC
8.2. MICROSOFT
CORPORATION
8.3. ZOHO
CORPORATION
8.4. ADOBE
INC
8.5. ALPHABET
INC
8.6. CISCO
SYSTEMS INC
8.7. GOTO
INC
8.8. HUAWEI
TECHNOLOGIES CO LTD
8.9. AVAYA
INC
8.10. AVENTRI
INC
8.11. SINE
WAVE ENTERTAINMENT LTD
8.12. LIFESIZE
INC
8.13. AMAZON
INC
8.14. LIVESTORM
INC
8.15. AIRMEET
INC
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC VIRTUAL
MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LIST OF
ACQUISITIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 5: LIST OF
PARTNERSHIPS
TABLE 6: LIST OF
BUSINESS EXPANSIONS
TABLE 7: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: KEY BUYING
IMPACT ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: VIRTUAL
MEETING SOFTWARE SOLUTION FOR A WORKING PERSON AND RELATED SECTOR
FIGURE 4: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, DEPLOYMENT TYPE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 5: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 8: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, ENTERPRISE SIZE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 11: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2022-2028
(IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, APPLICATIONS OUTLOOK, 2021 & 2028 (IN %)
FIGURE 14: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 21: ASIA-PACIFIC
VIRTUAL MEETING SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: CHINA
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: JAPAN
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: INDIA
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: SOUTH KOREA
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: ASEAN
COUNTRIES VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: AUSTRALIA
& NEW ZEALAND VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)