Israel Video Conferencing Software market was valued at US$50.986 million in 2019. Increasing demand for video communication among various enterprises is spurring the video conferencing software market growth in Israel. Rising investments in telemedicine across the healthcare sector to offer virtual remote presence will continue to spur the video conferencing software market growth in Israel during the forecast period. Growing demand for distance education learning solutions among students in Israel is also bolstering the video conferencing market growth as many online education providers are expanding their customer base in Israel. For example, in April 2019, Israel-based e-learning and education solutions provider SysBind partnered with the Australian provider of open source learning platform Moodle to serve over one million Israeli students and tens of thousands of teachers. SysBind also introduced a cloud-based platform, Moodle-as-a-Service, as its solution portfolio in order to make Moodle more accessible to any institution which deploys a fully-featured online teaching and learning environment. Growing adoption of digitalization among the BFSI industry in Israel will further drive the market growth of video conferencing software in the country during the forecast period. Recently, Israel has chosen TCS (Tata Consultancy Services), India’s largest software services firm, to launch its first fully digital bank in order to boost competition in the country’s financial services sector while enhancing customer experience and making services accessible to the consumer.
Israel 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, Israel 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.