Mexico Video Conferencing Software market was valued at US$68.358 million in 2019. The rising number of multinational companies are either setting up or expanding their existing facilities in Mexico due to ease of doing business in this country. As such, the demand for video conferencing is increasing in the country which, in turn, is driving the market growth of video conferencing software. Increasing focus on distance education and online learning courses is another major driver of video conferencing software in Mexico. Teachers and students are increasingly engaging in online video classes which are boosting the demand for video conferencing software in the country. The emerging popularity of telepresence across the healthcare sector in Mexico will continue to bolster the video conferencing software market growth during the next five years. The growing trend of cloud computing is also a significant market driver of video conferencing software in Mexico.
The recent COVID-19 pandemic outbreak has also led to a rise in the demand for video-conferencing software in Mexico as employees have shifted from working in offices to working from home. Moreover, the shutdown of schools and colleges has further boosted the demand for video conferencing solutions to continue learning via online classrooms, thus positively impacting the overall market growth of video conferencing software in Mexico.
The Mexican 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 Mexican 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.