United Kingdom Video Conferencing Software market was valued at US$257.850 million in 2019. The presence of a large number of MNCs in the country is significantly boosting the adoption of video conferencing solutions which is bolstering the video conferencing software market growth in the country. Growing demand for part-time education in the UK is another major driver of video conferencing software in the country. Rising investment in online learning solutions is also contributing to the increasing demand for video conferencing software in the UK. Many UK universities are testing opportunities offered by digital learning and massive open online courses (MOOCs) which is attracting many companies to expand their customer base in the country. For example, in April 2019, SEEK Group announced to invest £50 million to become a 50 percent owner of the Open University’s FututreLearn social learning platform.
The recent COVID-19 pandemic outbreak has resulted in a sudden rise in the revenue of video conferencing software market players in the country. With social distancing and work from home rules in the UK, the demand for video conferencing solutions has boosted across various industry verticals including government and healthcare. The British government is using the Zoom video conferencing solution to Cabinet meetings. Family doctors in the country are turning to online consultation services like AccuEx and eConsult to see patients virtually in order to prevent the spread of the virus.
The United Kingdom 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 United Kingdom 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.