Spain Video Conferencing Software market was valued at US$103.779 million in 2019. Growing global business globalization is the major factor for the market growth of video conferencing software in the country. The growing popularity of online learning is another major factor that is contributing to the market growth of video conferencing software in Spain. The increasing number of online learning startups are emerging in Spain which will continue to bolster the video conferencing software market in the country. Increasing investments in telehealth solutions is also a factor that is projected to fuel the market growth of video conferencing software in Spain during the forecast period. In September 2019, insurtech startup Elma closed a Series A funding round of approximately $3.2 million to build out a digital-first health insurance business in Spain. The company will offer a telehealth service that will enable its members to remotely communicate with a doctor via video call and chat With self-isolation, social distancing, and remote working rules in order to combat the COVID-19 outbreak, may tech startups are taking this as an opportunity to step up and expand their customer base across various industries including healthcare and education. The Healthcare sector is using virtual communication technologies including video conferencing due to COVID-19 to enable medical examinations remotely.
Spain 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, Spain 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.