India Video Conferencing Market revenue size is anticipated to grow at a CAGR of 8.8% during 2023-2029

Corporate sector on the basis of sectors segment acquired the largest revenue share in India Video Conferencing Market – 6Wresearch

The corporate sector is expected to contribute towards a significant share in India video conferencing market owing to the rising adoption of the software by corporate firms for sound meeting sessions, which tend to provide easy accessibility towards discussion over key strategic business areas in a short span of time and accessibility to employees even from remote locations backed by rising work from home strategies.

According to 6Wresearch, India Video Conferencing Market revenue size is anticipated to grow at a CAGR of 8.8% during 2023-2029. One of the major factors driving the video conferencing platform is the cost-effectiveness of the collaborative solutions i.e., new capabilities and analytical solutions in the video conferencing platform for better communication and end-to-end encryption. The majority share in the cost composition of the video conferencing platform is acquired by the purchase of software. Thus, the cheaper availability of the video conferencing collaborative solution along with the improvement in the video conferencing solutions such as improved meeting recording capabilities, crystal-clear sound over the platform, reduced lag, improved reliability, and efficient file sharing are the factors that are anticipated to gear up the market value for video conferencing solutions in India in the near future. Increased investments in India's software industry and government support are boosting the IT sector, with a focus on developing indigenous video conferencing solutions to reduce reliance on foreign companies.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, the desktop type of the hardware segment is anticipated to register the highest growth rate during the forecast period owing to increased individual connectivity base for video conferencing solution in the coming years.

The India Video Conferencing Market (2023-2029) report provides an in-depth analysis with 21 figures and 6 tables, covered in 76 pages. The report comprehensively covers the market by types, sectors, and regions. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.

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