India Video Conferencing Market 2023-2029 Analysis, Industry, Companies, COVID-19 Impact, Growth, Forecast, Trends, Value, Revenue, Size & Share: Market Forecast By Component, By Application, By Deployment Mode, By Vertical and Competitive Landscape

Market Projected to Grow at a CAGR of 1.5% from 2021-2027F

India Video Conferencing Market Shipment Analysis

India Video Conferencing Market registered a growth of 20.18% in value shipments in 2022 as compared to 2021 and an increase of 1.4% CAGR in 2022 over a period of 2017. In Video Conferencing Market India is becoming less competitive as HHI index in 2022 was 1699 while in 2017 it was 1614. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Video Conferencing Market.

India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Video Conferencing Market in 2022 was 4.67 while in 2017 it was 8.46. China, Viet Nam, China, Hong Kong SAR, USA and Singapore were among the top players of the market in 2022, where China acquired the largest market share of 35.23% with a shipment value of 1639.64 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 34.24% with the shipment value of 1219.51 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.

India Video Conferencing market currently, in 2023, has witnessed an HHI of 1699, Which has increased slightly as compared to the HHI of 1614 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

For India Exporters of Video Conferencing, USA seems to be the most attractive market (in 2028) in terms of export potential followed by United Arab Emirates (UAE), Singapore, South Africa and Thailand. However, in terms of total import demand across all countries, Thailand occupies the top position. Hence considering overall import demand, Thailand leads the importing demand but considering India as a partner, USA provides high unmet demand potential as Compared to others for 2028.

India Video Conferencing Market Synopsis

India Video Conferencing Market is expected to witness robust growth in the coming years owing to increased involvement of the majority of the sectors of the country towards video interaction, which has turned out to be an effective and efficient tool for real-time communication. Also, technological-innovations and rising number of start-ups in the country are expected to trigger the India video conferencing market growth in the coming years. The market is further expected to be primarily driven by increasing strong presence of knowledge and business outsourcing companies in the country.

According to this research, India Video Conferencing Market revenue size is anticipated to grow at a CAGR of 8.8% during 2023-2029. The software industry has highly benefitted from the increasing effect of COVID. Due to the imposition of nationwide lockdown in the country to contain the spread of the Coronavirus, the majority of the companies adopted work from home strategies, which has upsurged the market value for video conferencing solutions as companies rely on video conferencing platforms to uphold timely meetings and conferences with employees at the ease of their homes. Moreover, a drastic move towards digitalization in the country would further assist the market growth in the coming years.

Market by Types

Hardware segment garnered the highest revenue share in India Video conferencing market owing to the growing adoption of video conferencing solutions by enterprises across sectors such as education, healthcare, media, and corporate. Moreover, the increased work from home strategies adopted by businesses during COVID-19 lockdown has increased the demand for the hardware segment in the country.

Market by Sectors

Corporate segment is anticipated to obtain highest revenue share in the sector segment owing to increased deployment of software technologies by businesses for expansion and comfort meeting sessions. along with continued spread of the COVID-19 in 2020 and temporary shutdown of offices in the country till September 2021, majority of the businesses have transitioned towards work from home strategy, which is instigating the adoption of cloud-based technologies and would spur the growth of India video conferencing market.

Market by Regions

The Northern region is expected to achieve the highest growth rate in the India video conferencing market during the forecast period. This is due to increased government adoption of video conferencing solutions and the concentration of government agencies in the Northern region, as well as the presence of major urban centers such as Delhi, NCR (National Capital Region), and cities in states like Uttar Pradesh, Haryana, and Punjab.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Video Conferencing Market Overview
• India Video Conferencing Market Outlook
• India Video Conferencing Market Forecast
• Historical Data and Forecast of India Video Conferencing Market Revenues for the Period 2019-2029F
• Historical Data and Forecast of India Video Conferencing Market Revenues, By Types, for the Period 2019-2029F
• Historical Data and Forecast of India Video Conferencing Market Revenues, By Sectors, for the Period 2019-2029F
• Historical Data and Forecast of India Video Conferencing Market Revenues, By Region, for the Period 2019-2029F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• India Video Conferencing By Hardware Types Market Revenue Share, By Companies
• India Video Conferencing By Software Types Market Revenue Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Hardware Types
• Software Types
• Service

By Sectors

• Corporate
• Education
• Government
• Healthcare
• Others (Legal, Hospitality, etc)

By Regions

• Eastern
• Western
• Northern
• Southern