Posted On: 2021-05-27
Software segment is expected to grow at the fastest pace in the overall Saudi Arabia video conferencing market during the forecast period – 6Wresearch.
Increasing adoption of cloud-based technology and deployment of 5G network across Saudi Arabia is expected to drive the video conferencing market in the kingdom. Several SMEs and start-ups in Saudi Arabia are also adopting cloud-based technologies and video conferencing on the back of a growing culture of remote working in the country. The digital transformation initiatives of the government of Saudi Arabia are also expected to increase the demand for video conferencing in the kingdom.
According to 6Wresearch, Saudi Arabia Video Conferencing Market is expected to grow with a CAGR of 13.5% during 2021-2027. The outbreak of Covid-19 pandemic acted like a catalyst in the growth of the video conferencing market of Saudi Arabia in 2020 as the imposition of the lockdown made many industries adopt video conferencing as a method of collaboration. As a result, the market revenues of the Saudi Arabia video conferencing market grew by approximately 25% from 2019 to 2020. Since then, there has been an increasing trend of remote working, e-learning, e-governance and tele healthcare in Saudi Arabia which is expected to further augment the growth of the market in the forecast period.
According to Mansi Bisht, Senior Research Analyst, Research and Consulting, 6Wresearch, “By sectors, corporate sector is accounted for the maximum share of the Saudi Arabia video conferencing market in 2020 on account of an increase in number of multinationals like PepsiCo, Schlumberger and many more planning to establish their Middle East head offices in Saudi Arabia. However, education sector also acquired a major share of the market due to increase in remote learning on account of the outbreak of Covid-19 pandemic. Education sector is also anticipated to register the fastest growth due to the increasing popularity of distance learning portals like Coursera, etc.”
According to Avantika Jain, Research Associate, Research and Consulting, 6Wresearch, “By regions, the central region of Saudi Arabia registered the maximum share in the Saudi Arabia video conferencing market in 2020 on the back of the presence of a number of data centres and government institutions in the region. However, the western region is expected to account for the fastest growth in the forecast period as the government of Saudi Arabia has launched a series of projects to further develop the area under Saudi Vision 2030.”
Some of the major companies in the Saudi Arabia video conferencing market include Cisco Systems Inc., Plantronics Inc., and Logitech International S.A.
“Saudi Arabia video conferencing market (2021-2027)” provides an in-depth analysis with 19 figures covered in 85 pages. The Saudi Arabia video conferencing market report comprehensively covers the market by types, sectors, and regions. The Saudi Arabia video conferencing market outlook report provides an unbiased and detailed analysis of the Saudi Arabia video conferencing market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.