Asia Pacific Video Conferencing Software market was valued at US$709.542 million in 2019. This region is witnessing a stupendous rise in the number of enterprises of all sizes, across different industry verticals. With the increasing penetration of high-speed internet and a rising number of smartphone and laptop users in countries like China, India, and South Korea, supported by growing business globalization, the demand for video conferencing software is booming in the APAC region. Governments in APAC countries are continuously emphasizing on online learning and distance education with initiatives and policies to make the education sector digitalized in order to meet the increasing demand for online learning platforms. In November 2019, the Chinese government issued regulations to better regulate the then fragmented online education sector. The rapid increase in the number of small and medium market research enterprises is also a driving factor for the growing demand for video conferencing software in this region. The emerging popularity of BYOD (Bring Your Own Device) in developing APAC countries along with flexibility provided by companies to work remotely is further driving the demand for video conferencing software in the region.
The recent novel COVID-19 pandemic outbreak has further surged the demand for video conferencing software across the APAC region. With government lockdowns and shutdown of offices, schools, and colleges in countries like China, India, and South Korea, people are increasingly using video conferencing solutions for various purposes. Booming demand for video conferencing solutions to continue teaching activities online in these countries has already surged revenues of major video conferencing software companies. However, the recent ban on Zoom video conferencing solutions in many countries across the globe has negatively impacted the video conferencing software market in the APAC region to some extent on account of security concerns. Singapore has recently suspended the use of the Zoom video-conferencing tool by teachers after many serious incidents regarding online security. India has also banned the use of the Zoom video conferencing app for government remote meetings over security concerns.
Asia Pacific Video Conferencing Software market has been segmented based on the deployment model, enterprise size, industry vertical, and country. By deployment model, the market has been segmented as on-premise and cloud. By the enterprise size, Asia Pacific Video Conferencing Software market has been classified into small, medium, and large. The market segmentation has also been done by industry vertical as education, communication and technology, defense, healthcare, BFSI, and others. By country, the market has been segmented as China, Japan, South Korea, India, and Others.