Report Overview

The surge in the adoption of remote work and digital transformation initiatives and investments in building robust digital infrastructure are expected to boost the growth of Saudi Arabia Video Conferencing Software Market during the forecast period between 2024 and 2030.

Saudi Arabia Video Conferencing Software Market - Industry Trends & Forecast Report, 2030

Saudi Arabia Video Conferencing Software Market size was estimated to be worth USD 347.28 million in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Video Conferencing Software Market size is projected to grow at a CAGR of 5.25%, reaching a value of USD 432.66 million by 2030. Major growth factors for the Saudi Arabia Video Conferencing Software Market include increasing demand for virtual meeting spaces owing to the surge in remote working culture and the launch of various software in the market. In addition, the rising integration of advanced technologies, such as generative AI, is anticipated to present lucrative growth opportunities to the Saudi Arabia video conferencing software market during the forecast period.

Video Conferencing Software – Overview

Video conferencing software enables two or more people to simulate a face-to-face meeting over the Internet using real-time, multidirectional video and audio streaming. Applications such as Microsoft Skype, Zoom, Apple FaceTime, and Google Hangouts are major examples of video conferencing software. It can be used for a variety of purposes, such as team meetings, webinars, product demos, job interviews, and more. The fundamental goal of video conferencing software is to facilitate communication between people, no matter where they are in the world.

Saudi Arabia Video Conferencing Software Market

Growth Drivers

Surge in the Remote Working Culture

The work-from-home culture is significantly gaining traction in Saudi Arabia, particularly after the COVID-19 pandemic and implementation of lockdown. This led to unprecedented growth in the adoption of video conferencing software to facilitate business meetings and communications remotely. In addition, growing culture of geographically dispersed teams is also influencing the growth of the video conferencing software as they eases data sharing, communication, and collaboration. There has been an increase in demand for these platforms because they enable remote teams to manage projects of all sizes and streamline business procedures while boosting overall productivity within the company.

Challenges

Growing Privacy and Security Concerns

There are several risks associated with video conferencing, such as malware, identity spoofing, and data breaches, which acts as a major restraining factor for the Saudi Arabia video conferencing software market. They are also exposed to potential hacking as hackers can access these platforms and steal sensitive information. It has been discovered that consumer-built solutions like Zoom and Skype have security holes that let hackers attend video conferences and steal private data.

Saudi Arabia Video Conferencing Software Market

Segmental Coverage

Saudi Arabia Video Conferencing Software Market – By Deployment Model

Based on the deployment model, the Saudi Arabia Video Conferencing Software Market is segmented into on-premises and cloud. The cloud segment holds a larger share in the Saudi Arabia video Conferencing Software Market by deployment model. Most companies and other end users rely on major cloud-based platforms, including Zoom, Google Meet, and Microsoft Teams, owing to their higher reliability, wide usage, and superior video quality.

Saudi Arabia Video Conferencing Software Market – By Enterprise Size

Based on enterprise size, the Saudi Arabia Video Conferencing Software Market is segmented into small, medium-sized, and large. The large enterprises segment accounts for the highest market share owing to the high use of video conferencing for business meetings. Large corporations often have business operations and offices in others as well as engage in business meetings for trade deals with companies from different geographical locations. However, small and medium-sized enterprises are anticipated to register high growth rates during the forecast period as well owing to the rising adoption of remote working culture.

Saudi Arabia Video Conferencing Software Market – By Industry Vertical

Based on the industry vertical, the Saudi Arabia Video Conferencing Software Market is segmented into education, communications & technology, defense, healthcare, BFSI, and others. The education vertical dominates the Saudi Arabia Conferencing Software Market. Video conferencing software facilitates collaboration on group projects easily. The COVID-19 pandemic significantly pushed the use of video conferencing software in the education sector with the enforcement of lockdown. Video conferencing gained significant traction in the industry for a variety of purposes, including live lectures, virtual classrooms, online tutoring, and collaborative projects, which drove its market growth.

Competitive Landscape

Major players operating in the Saudi Arabia Video Conferencing Software Market include Microsoft Corporation, Cisco Systems Inc., Zoom Video Communications Inc., Google LLC, Adobe Inc., Huawei Technologies Co., Ltd, and Avaya LLC.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Deployment Model

• On-Premises

• Cloud

By Enterprise Size

• Small

• Medium-sized

• Large

By Industry Vertical

• Education

• Communications & Technology

• Defense

• Healthcare

• BFSI

• Others