Report Overview

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3.  Saudi Arabia Video Conferencing Software Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Surge in Remote Work and Digital Transformation Initiatives
         2. Robust Digital Infrastructure Investments
         3. Influence of a Tech-Savvy Youth Population
         4. Government Initiatives to Boost the ICT Sector
      2. Restraints
         1. Growing Privacy and Security Concerns
         2. Maintenance Difficulties with Data Security Management for On-Premises Solutions
         3. Lack of Awareness and Adoption of Video Conferencing Software Among Some Traditional Industries
      3. Opportunities
         1. Integration of cutting-Edge Technologies
         2. Expansion of Webinars and Virtual Events to Engage Larger Audiences for Marketing, Training, and Education
         3. Increasing Demand for Customization and White-Label Solutions
         4. Untapped Potential in Small and Medium Enterprises
      4. Challenges
         1. Fierce Competition among Established Players and New Entrants
         2. Adapting to Rapidly Evolving User Preferences and technological Advancements
         3. Providing Cost-Effective Solutions while Maintaining High-Quality Features and Security
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Video Conferencing Software Market: Marketing Strategies
5. Saudi Arabia Video Conferencing Software Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share and Forecast
      1. By Deployment Model
         1. On-Premises
         2. Cloud
      2. By Enterprise Size
         1. Small
         2. Medium-sized
         3. Large
      3. By Industry Vertical
         1. Education
         2. Communications & Technology
         3. Defense
         4. Healthcare
         5. BFSI
         6. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia Video Conferencing Software Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Geopolitical Tensions on Saudi Arabia Video Conferencing Software Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Microsoft Corporation
   2. Cisco Systems Inc
   3. Zoom Video Communications Inc
   4. Google LLC
   5. Adobe Inc
   6. Huawei Technologies Co., Ltd
   7. Avaya LLC
   8. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Saudi Arabia Video Conferencing Software Segmentation

Figure 2       Saudi Arabia Video Conferencing Software Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Video Conferencing Software Market Size, By Value (USD Million), 2019–2030

Figure 5       Saudi Arabia Video Conferencing Software Market Share, By Deployment Model, By Value, 2019–2030

Figure 6       Saudi Arabia Video Conferencing Software Market Share, By Enterprise Size, By Value, 2019–2030

Figure 7       Saudi Arabia Video Conferencing Software Market Share, By Industry Vertical, By Value, 2019–2030

List of Tables

Table 1        Saudi Arabia Video Conferencing Software Market Size, By Value (USD Million), 2019–2030

Table 2        Saudi Arabia Video Conferencing Software Market Share, By Deployment Model, By Value, 2019–2030

Table 3        Saudi Arabia Video Conferencing Software Market Share, By Enterprise Size, By Value, 2019–2030

Table 4        Saudi Arabia Video Conferencing Software Market Share, By Industry

Table 5        Microsoft Corporation Company Overview

Table 6        Microsoft Corporation Financial Overview

Table 7        Cisco Systems Inc Company Overview

Table 8        Cisco Systems Inc Financial Overview

Table 9         Zoom Video Communications Inc Company Overview

Table 10      Zoom Video Communications Inc Financial Overview

Table 11      Google LLC Company Overview

Table 12      Google LLC Financial Overview

Table 13      Adobe Inc Company Overview

Table 14      Adobe Inc Financial Overview

Table 15      Huawei Technologies Co., Ltd Company Overview

Table 16      Huawei Technologies Co., Ltd Financial Overview

Table 17      Avaya LLC Company Overview

Table 18      Avaya LLC Financial Overview