Israel Video Conferencing Software Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Deployment Model (On-Premise, Cloud), By Enterprise Size (Small, Medium, Large), And By Industry Vertical (Education, Communication And Technology, Defense, Healthcare, BFSI, Others) - Forecasts From 2022 To 2027

Published:  Jul 2022 Report Code: KSI061613556 Pages: 90

The Israel video conferencing software market is estimated to grow at a CAGR of 14.87% to reach a market size of US$4.009 million in 2027 from US$1.519 million in 2020.

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 a 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 part of its solution portfolio to make Moodle more accessible to any institution that deploys a fully-featured online teaching and learning environment. The growing adoption of digitalization in the BFSI industry in Israel will further drive the market growth of video conferencing software in the country during the forecast period.

However, businesses may have serious worries about the privacy and security of the video footage shared across numerous channels. Additionally, because of the potential for abuse, information leaks, and data breaches, corporations are increasingly concerned regarding copyright & Digital Rights Management (DRM). The most frequent data breach instances occur in the public, manufacturing, healthcare, financial, and information sectors. Before using these solutions, businesses need to restructure their strategy for using video conferencing services to overcome these limitations. With the lack of regulations and procedures for the appropriate handling of video material, the adoption rate of video conferencing solutions may be slow. Vendors must also provide interoperable, user-friendly enterprise-grade video communication solutions with built-in security measures.

The market is split into two categories based on deployment: cloud-based and on-premise. The primary market revenue is anticipated to come from on-premises. The increase can be attributed to major businesses using on-premise solutions to address maintenance issues with data security management and information security worries. The cloud is anticipated to expand the fastest. This is because cloud-based software solutions that offer encrypted & password-protected communication are becoming more and more popular.

The 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 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.

Recent Development and expansions

  • Israeli video conferencing & collaboration platform Newrow has been bought by Israeli video cloud platform Kultura, according to an announcement made in January 2020. Financial information was kept private.  Kaltura is increasing its market share in the markets for video conferencing & meeting solutions through this purchase.
  • In what is being viewed as a transformative project that can have an impact on the business structure of other sectors as well, Israel's first digital bank was launched by Tata Consultancy Services (TCS), the largest software services company in India, in April 2020. The TCS BaNCS Global Banking Platform will be used by the Israeli Ministry of Finance to revolutionize the country's banking industry by creating a banking service bureau that will act as a common, plug-and-play, digital banking operational platform.

COVID-19 Impact

The COVID-19 outbreak has surged the demand for video conferencing solutions in the country. Government lockdown and home quarantines have forced enterprises of all sizes to allow work from home to their employees. Moreover, schools in Israel are using video conferencing solutions to teach children during the lockdown period, thus positively impacting the Israel video conferencing software market. The government has also taken the initiative to bring an Indian software product that can be used by enterprises for video conferencing since both governments and corporates have been using video conferencing tools offered by foreign companies to run their business.

Segmentation

  • By Deployment Model
    • On-Premise
    • Cloud
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By Industry Vertical
    • Education
    • Communication and Technology
    • Defense
    • Healthcare
    • BFSI
    • Others

1. Introduction
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

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. Israel Video Conferencing Software Market Analysis, By Deployment Model
5.1. Introduction
5.2. On-Premise
5.3. Cloud

6. Israel Video Conferencing Software Market Analysis, By Enterprise Size
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large

7. Israel Video Conferencing Software Market Analysis, By Industry Vertical
7.1. Introduction
7.2. Education
7.3. Communication and Technology
7.4. Defense
7.5. Healthcare
7.6. BFSI
7.7. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles
9.1. Microsoft Corporation
9.2. Cisco
9.3. LogMein Inc.
9.4. Google, Inc.

Microsoft Corporation

Cisco

LogMein Inc.

Google, Inc.

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