LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET 2022-2028

ICT | Media Software & Services

LATIN AMERICA VIRTUAL MEETING SOFTWARE MARKET 2022-2028

Market by Deployment Type, Component, Enterprise Size, Applications, and Country Outlook | 2022-2028

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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

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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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