Europe Video Conferencing Software market was valued at US$1,084.320 million in 2019. 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. High demand for e-learning solutions and the adoption of online education across schools and universities across European countries is another factor which is contributing to the market growth of video conferencing software in the region. People in European countries are increasingly using technologies 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 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 spread 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 distancing.
Europe 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, Europe 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 Germany, France, UK, Spain, and Others.