Market by Deployment Type, Component, Enterprise Size, Applications, and Country Outlook | 2022-2028
As per Triton’s analysis, Latin America’s virtual meeting software market is estimated to develop with a CAGR of 12.70% over the forecasting duration between 2022 and 2028.
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The
countries analyzed in this region include:
•
Brazil
•
Mexico
•
Rest of Latin America
In Latin America, the rising popularity of online
education is one of the key factors driving the VMS market. After the pandemic,
students attending universities in the United States, Europe, or other parts of
the world, were able to continue their learning with the help of virtual meeting software.
Even two years later, people are seen opting for online courses as it offers
multiple benefits, such as eliminating the cost of travel. Further, the
advancement of B2B businesses in the region has enhanced the demand for VMS for
improving trade relations overseas.
The growing awareness of
online tutorials and learning solutions among Brazilian students is fueling the
growth of the virtual meeting software market in the country. The enrolment
rate for distance learning courses in the private higher education sector is rising
at a noteworthy pace in the country. This, in turn, is expected to positively
impact the Brazilian VM software market’s growth in the long run.
The unprecedented
crisis brought about by COVID-19 did not prevent people in Peru from pursuing
their goal of building a stronger and more resilient country. One of the
factors that significantly helped the country’s economy sail through this
period was keeping pace with evolving technologies. In this regard, the
adoption of virtual meeting software largely helped in ensuring the continuity
of operations across various sectors, such as government, BFSI, IT,
manufacturing, healthcare, and education, among others. As a result, the
Peruvian market for VM software is expected to showcase solid growth in the
years to come.
Virtual meetings form
an essential component of doing business in today’s times. They facilitate audio-visual
interaction with clients and colleagues at any place and time. Moreover, a
video meet saves money and energy, and also reduces environmental impact in
some significant ways. Owing to all these benefits, a rising number of small
& medium enterprises have adopted online meetings as their go-to mode of
communication. The studied report assesses the market’s
growth based on deployment
type, component, enterprise size, and applications. Here, the enterprise
size segment
comprises small & medium enterprises and large
enterprises.
Leading
players studied in the virtual meeting software market include Microsoft Corporation,
Livestrom Inc, Zoho Corporation, Zoom Video Communications Inc, Cisco Systems Inc,
Alphabet Inc, Adobe Inc, and Avaya Inc.
Alphabet Inc, a global
technology company, is the holding company of Google. It offers a wide range of
products and platforms such as Search, Gmail, Maps, Google Play, Ads, Android,
Chrome, Google Cloud, and YouTube, among others. Google has made
enterprise-grade video conferencing easily available to everyone with
the launch of Google Meet (formerly, Hangouts). Universities,
schools, businesses, and other organizations have greatly benefited from the
use of its advanced features. The company has a business presence in Latin
America, among other regions.
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 Latin America 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 LA 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. LATIN
AMERICA 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. LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY DEPLOYMENT TYPE
3.1. ON-PREMISE
3.2. CLOUD
4. LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY COMPONENT
4.1. SOFTWARE
4.2. SERVICE
5. LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET OUTLOOK – BY ENTERPRISE SIZE
5.1. LARGE
ENTERPRISES
5.2. SMALL
& MEDIUM ENTERPRISES
6. LATIN
AMERICA 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. LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET – COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST
OF LATIN AMERICA
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: LATIN AMERICA
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: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY APPLICATIONS, 2022-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA
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: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, DEPLOYMENT TYPE OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 5: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 8: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, ENTERPRISE SIZE OUTLOOK, 2021 &
2028 (IN %)
FIGURE 11: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $
MILLION)
FIGURE 12: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES,
2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA
VIRTUAL MEETING SOFTWARE MARKET, APPLICATIONS OUTLOOK, 2021 & 2028 (IN %)
FIGURE 14: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY BFSI, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY IT & TELECOM, 2022-2028 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY GOVERNMENT, 2022-2028 (IN $
MILLION)
FIGURE 18: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY HEALTHCARE, 2022-2028 (IN $
MILLION)
FIGURE 19: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY MANUFACTURING, 2022-2028 (IN $
MILLION)
FIGURE 20: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 21: LATIN
AMERICA VIRTUAL MEETING SOFTWARE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 22: BRAZIL
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: MEXICO
VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: REST OF
LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET 2022-2028 (IN $ MILLION)