Europe video conferencing software market was valued at US$1,444.121 million in 2020. The market is projected to grow at a CAGR of 18.86% to attain a value of US$4,838.900 million by 2027.
The growing globalization of businesses in European countries is escalating the demand for video conferencing software markets in the region. The increasing number of enterprises of all sizes is boosting the adoption of video conferencing solutions in order to communicate virtually with offices in other countries. The high demand for e-learning solutions and the adoption of online education across schools and universities across European countries is another factor that is contributing to the market growth of video conferencing software in the region. People in European countries are increasingly using technology to educate themselves, which is attracting investments in the region’s edtech sector. For example, over $1 billion was invested in European edtech companies during 2014-18. The European Investment Bank also provides online courses, podcasts, publications, and studies to access the EU bank’s expertise. The high adoption rate of digitalization across healthcare and BFSI sectors in Europe also supports the video conferencing market growth in the region.
The European 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 enterprise size, the European 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, defence, healthcare, BFSI, and others. By country, the market has been segmented into Germany, France, the UK, Spain, and others.
The recent COVID-19 pandemic outbreak has positively impacted the video conferencing software market in Europe. With mandatory shutdown and self-isolation rules being implemented across the region, the demand for video conferencing solutions has experienced a sudden spike in countries like the UK, Germany, and France, thereby bolstering the video conferencing software market growth in Europe. As coronavirus spreads across this region, the fear of infection spreading is encouraging a large number of people, as well as the healthcare system, to use online solutions and services for medical consultations. Startups like Doctolib, Qare, Livi, Push Doctor, and Compugroup Medical SE are offering virtual doctors to people in order to maintain social distance.
Telecommunications companies have also begun to invest in private networks in order to minimize congestion issues and improve service quality. The software industry has reaped the benefits of COVID's growing influence. The implementation of forced shutdown and self-isolation policies throughout the region has caused a significant increase in demand for video conferencing solutions in nations like the UK, Germany, and France, supporting the expansion of the European video conferencing software industry. As the coronavirus spreads throughout this area, a significant portion of the population and the healthcare system are being encouraged to use online solutions and services for medical consultations due to the concern of infection spread. In order to maintain social distance, startups like Doctolib, Qare, Livi, Push Doctor, and Compugroup Medical SE provide people with virtual doctors.
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Europe Video Conferencing Software Market Analysis, By Deployment Model
6. Europe Video Conferencing Software Market Analysis, By Enterprise Size
7. Europe Video Conferencing Software Market Analysis, By Industry Vertical
7.3. Communication and Technology
8. Europe Video Conferencing Software Market Analysis, By Country
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Zoom Video Communications, Inc.
10.7. Microsoft Corporation
10.10. Zoho Corporation Pvt. Ltd.
Zoom Video Communications, Inc.
Zoho Corporation Pvt. Ltd.
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