Saudi Arabia Video Conferencing Software market was valued at US$109.113 million in 2019. Rising government efforts to increase business activities in the country is also a driving factor for the video conferencing software market growth in the country as offices of MNCs in Saudi Arabia would require a video conferencing platform to have virtual meetings with offices in other countries. The country has implemented reforms in eight Doing Business areas and was ranked 62nd globally in ease of doing business rankings 2019, with an overall score of 71.6 out of 100. The government also lifted the ban on calls made through online apps such as Watsapp and Skype, while closely monitoring such calls, in 2017 as a part of its economic reforms to help boost business activities while diversifying the economy in response to fluctuating oil prices. Growing awareness about online education is also boosting the demand for video conferencing software in the country.
The recent novel COVID-19 pandemic outbreak has also impacted the video conferencing software market growth in Saudi Arabia. In the current lockdown, growing need to work, learn, and socialize from home has lead to a significant rise in the use of online applications and video conferencing platforms including WebEx, Skype, and Zoom in Saudi Arabia. Recently, leaders from the Group of 20 major economies discussed the coronavirus pandemic on developing an action plan to respond to the deadly outbreak on a video conference. However, growing privacy and security concerns is still hampering the market growth of video conferencing software in Saudi Arabia.
Saudi Arabia 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, Saudi Arabia 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.