Canada Video Conferencing Software market was valued at US$151.875 million in 2019. Rising demand for video interaction solutions and services is significantly boosting the demand for video conferencing software in the country. The presence of global companies in Canada also drives the demand for video conferencing software as employers are increasingly adopting video conferencing tools and solutions to set up meetings overseas. The increasing popularity of distance education in Canada is also a factor that is spurring the market growth of video conferencing software. Rising workforce with connected devices supported by the miniaturization of devices equipped with video conferencing support is also bolstering the video conferencing software market growth in this country. Companies are not willing to buy expensive systems or to spend a huge amount on telepresence rooms. The availability of specialized high-quality software and personal video communication systems is thus positively impacting the video conferencing software market during the forecast period. Growing investments in telehealth solutions will continue to bolster the video conferencing software market in Canada during the next five years.
With the growing trend of working from home due to current COVID-19 pandemic outbreak is also fuelling the market growth of video conferencing software in Canada. Companies are increasingly offering their tools to the rising workforce that is working remotely. However, rising concerns regarding data security are currently hampering the video conferencing software market growth in Canada.
The Canadian Video Conferencing Software market has been segmented based on the deployment model, enterprise size, and industry vertical. By deployment model, the market has been segmented as on-premise and cloud. By the enterprise size, the Canadian 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.