How India Video Conferencing Market Is Positioned?
The web and video conferencing market continue to be critical to the enterprise. With a significant shift to the cloud, more users have emerged that make APIs and integrations more important than in the past. Overall user experience and overall quality of voice and video meetings are still critical requirements for buyers, while intelligent video rooms are quickly becoming a preferred choice, given the automation and quality that they can deliver. Video Conferencing Market in India refers to both the audio and video conferencing solutions. Video conferencing facilitates conducting and initiating a live conference between two or more participants at different sites by using computer networks to transmit video, audio, and text data. Features included are Slideshow Presentations, Live or Streaming Video, VoIP, Web Tours, Meeting Recording, Whiteboard with Annotation, Text Chat, Polls, and Surveys and Screen Sharing. Revenue computation has been done on the basis of annual revenue generated instead of an accrual or contract basis. In terms of value, India Video Conferencing Market generated gross revenue of USD ~ million in CY’2018. India Video Conferencing market size in terms of revenue was observed to grow during CY’2014- CY’2018.
The market growth can be accredited to various factors such as growth in new multinational companies entering the Indian market, Indian companies expanding their operations around the globe, development and expansion of the IT ecosystem in the companies and innovations in the unified communications space.
With a fundamental shift happening in the marketplace and increasing demand for a single tool to manage all kinds of business collaboration cohesively Blue Jeans have expended themselves in the Indian market. Blue Jeans’ mission is to provide one consolidated service for every business meeting, bringing the best of video, audio, and web conferencing under one easy to use platform.
India On-Cloud Video Conferencing Market Segmentation
By End Users
Development of IT and Telecom sector is one of the biggest growth drivers for the Video Conferencing Software market in India. During CY ’2018 the revenue generated through IT and Telecom sector contributed to a majority of the proportion in the overall Video Conferencing market. This was followed by BFSI, Retail, Healthcare, Logistics and Transportation, Education and Manufacturing sectors.
Video conferencing helps banks move closer to the goal of stability. It supports bankers in their pursuit of quick decision-making, rapid responses to the markets and meeting the requirements of changing policies and regulations.
Retail: One of the biggest challenges faced by large retail outlets with several stores are providing training to new employees and re-training current employees on the policies of the company. Allowing managers to be able to train everyone, new and old employees alike, at short notice; regardless of their location
Healthcare: On-Cloud video conferencing in healthcare aids doctors to save time and cost. Doctors don’t need to travel to another town or city to inspect patients living there, which helps save a lot of expense. Teleconference in healthcare breaks the geographical restrictions and gives you the opportunity to interact with medical specialists online anytime and anywhere, with less expense.
Education: Video conferencing has made classrooms walls invisible, allowing students to have the entire world as their learning resource. Moreover, this technology has also helped in easy retention of knowledge in learners as visuals are always better remembered than words. Video conferencing for education isn’t just restricted to imparting knowledge alone; it acts as a great admin tool for educational institutes as well. Circulating administrative updates, holding an interactive parent-teacher meeting, training sessions for teaching and non-teaching staffs without the requisition of the physical presence of the attendees are some added benefits of the video conferencing solutions for the education industry.
Competitive Landscape In India Video Conferencing Market:
IT and Telecom sectors are the biggest users of the video conferencing software services in the Indian markets. This is followed by the users in the BFSI sector. The usage of video conferencing service has increased in sectors such as Education and consulting. The market is moderately concentrated with about six major companies accounting for the majority of the market in the country during CY’2018. The Major companies in the market are Cisco WebEx, Microsoft Skype, Zoom Video Communications Inc, GoTo Meeting, Polycom, and Blue Jeans Network. Price, Clientele, Number of client accounts, Average contract duration, Average discount offered are some of the critical parameters on the basis of which companies compete in the market.
Key Segments Covered:-
IT and Telecom
Logistics and Transportation
Key Target Audience
Video Conferencing Providers
Time Period Captured in the Report:-
Historical Period – CY’2014-CY’2018
Zoom Video Communications Inc
Blue Jeans Network
Video Conferencing Hardware Endpoints India
India Virtual Video Conferencing Market Application
India Virtual Video Conferencing Market Share
Mobile Video Conferencing Market India
Video and Voice Sharing Market India
Video Conferencing Hardware Infrastructure in India
Video Meetings Market India
Video-First Communications Market India
Cisco WebEx Market share India
Competition Video Conferencing Industry India
Webcasting Market India
Zoom Rooms Market Share India
Cisco WebEx Business Growth Sale India
Cloud-Hosted Video Conferencing Solutions India
End to End Video Conferencing Solution India
GoTo Meeting Screen Sharing Video Conferencing India
For More Information On The Research Report, Refer To Below Link:-
Ankur Gupta, Head Marketing & Communications