According to The Insight Partners market research study on “MEA Video Conferencing MarketForecast to 2027– Covid-19 Impact and Analysis by type, deployment, industry, and country” is expected to reach US$ 1182.6 Mn by 2027 from US$ 619.5 Mn in 2019. The market is estimated to grow at a CAGR of 7.9% from 2020 to 2027.The report provides trends prevailing in the MEA Video Conferencing Market along with the drivers and restraints pertaining to the market growth. The growth of the MEA Video Conferencing Market is attributed to rising adoption of video conferencing solutions among corporate sector. However, weak network infrastructure in various developing countries remain a key challenge for video conferencing market.
The video conferencing market, by type, is segmented into hardware, software, services. The hardware segment held the largest share of the MEA market in 2019. The hardware providers play a critical role in supporting the video conferencing market growth, by innovating and delivering robust technology products to the clients. The software developers, on the other hand, are continuously focusing on upgrading the existing software with newer features, which is attracting a significant percentage of end users. The service providers are observing extraordinary demand for their services, the end users of video conferencing solutions are demanding for continuous consultation services, educational service, and maintenance services.
Several key players operating in the video conferencing market include Adobe Systems Inc., Zoom, Avaya Inc., Cisco Systems Inc., Google LLC, Huawei Technologies, Ltd., Lifesize Inc., Microsoft Corporation, Polycom Inc., and ZTE CorporationThe corporate enterprise segment is a vast sector in MEA, with a large number of technology developing companies, support service companies, and BPOs/KPOs operating in the region. The online education is highly noticeable in countries such as UAE and Saudi Arabia. This majorly pertains to the rise in the quest to organize an academic conference, in teacher’s training programme, or a webinar for online education with other schools. Additionally, the modern video conference tools support recording and playback options, which have attracted several educational institutes as well as students.
The record and playback option facilitates the learner to replay the session for a better understanding of the subject. The video conferencing tools enable students, teachers, and management to chat or interact with experts in real-time, which boosts the knowledge of the respective participants. Since maximum number of students and teachers in the modern educational sector are tech-savvy, it is easier for the users to learn from virtual classrooms. The above mentioned benefits are attracting a significant number of schools, colleges, universities, and individual learners, to adopt this technology, which in turn is reflecting growth of the video conferencing market.
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Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region and is followed by South Africa and the UAE, among others. UAE was the first country in the Middle East and Africa to report a confirmed case of coronavirus. The global COVID-19 pandemic would have significant effects on global economies, but the Middle East region is anticipated to be especially impacted by the rapid collapse in oil prices. Further, many small and medium-sized enterprises (SMEs) in many Middle East states are likely to collapse in the coming years which have slow down the growth of video conferencing market in 2021
MEA Video Conferencing Market Segmentation
MEA Video Conferencing Market – By Type
MEA Video Conferencing Market – By Deployment
MEA Video Conferencing Market – By Industry Vertical
- Corporate Enterprise
- Government & Defense
MEA Video Conferencing Market – By Country