Posted On: 2020-07-20
India video conferencing market is anticipated to be dominated by the hardware segment during the forecast period– 6Wresearch.
A healthy growth is anticipated in the revenues of India video conferencing solutions in the coming years owing to rising adoption of the collaborative video conferencing platform by corporate business firms across the country backed by the imposition of nationwide lockdown in India to contain the spread of the pandemic COVID-19. Additionally, strict rules and regulations followed by the country’s government to practice social distancing would increase the adoption of video conferencing platform for communication for key strategic discussions.
According to 6Wresearch, India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-26. A spur in the technical advancements in the IT sector of the country coupled with up gradations in the software industry would initiate sound market growth of the video conferencing market in India in the near future. Moreover, government’s initiatives to transform the country into a high-end user of the digital platform and support for innovation and technical up gradations in the IT industry is expected to benefit the growth of the India video conferencing market in the coming years.
According to Kanchan Negi, Assistant Manager, Research and Consulting, 6Wresearch, “On the basis of hardware segment types, the desktop domain of the hardware segment in the overall India video conferencing market is anticipated to register strong growth in the coming years owing to increased individual connectivity coupled with flexible collaboration and cost effective features of desktop.
“An increase in the number of Wi-Fi hotspots backed by rising internet penetration, even in the remote areas, would benefit individuals residing in these remote locations to adopt video conferencing collaborative communication solutions from their location and their personal systems. This in turn, would further spur the market demand for desktops in the coming years.”, Kanchan further added.
According to Deepanshi Kumar, Research Associate, Research and Consulting, 6Wresearch, “On the basis of video conferencing deciphered by sectors, the corporate sector is expected to contribute highest revenue share in the overall India video conferencing market in the coming years owing to rising adoption of the collaboration solution in the corporate sector backed by work-from-home culture adopted by majority of the corporate firms in the country to contain the spread of COVID-19 and follow social distancing. This, however, is expected to have a short-term impact over the market.”
“Structured meetings along with improved communication advantage provided by video conferencing platform is leading to an increase in the use of such solutions in the corporate sector and would, further, provide great avenues for growth in the years to come”, Deepanshi further added
Some of the major companies in India Video Conferencing market include Huawei Technologies, Zoom Communications, Microsoft Corp, etc.
“India Video Conferencing Market (2020-2026)" report provides an in-depth analysis with 29 figures and 3 tables covered in more than 80 pages. The report estimates and forecasts the overall India Video Conferencing market by types, sectors and regions. The report provides an unbiased and detailed analysis of the India Video Conferencing market on-going trends, outlook, opportunities/high growth areas and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.