Asia-pacific Virtual Meeting Software Market 2022-2028
MARKET OUTLOOK
A Triton Market Research report depicts that the market for virtual meeting software in the Asia-Pacific would progress with a CAGR of 13.81% over the forecasting duration between 2022 and 2028. China, Japan, South Korea, ASEAN countries, Australia & New Zealand, India, and Rest of Asia-Pacific together form the market in this region.
With the rising need for social distancing, many firms in South Korea switched to remote work and virtual meetings post the COVID-19 pandemic. Given its strengths in the field of IT and semiconductors, the nation was well equipped to meet the surging demand for laptop and desktop computers as more workers shifted to home offices. Besides, some service providers also found new ways to reach their customers. For example, as concert venues were closed, K-pop artists turned to virtual mediums to continue their events and connect with fans. These developments have fostered the usage of virtual meeting software in Korea, which is expected to drive the market's growth over the considered period.
In China, education is of utmost importance for students. With a rigorous schooling schedule of 12 hours, virtual meetings came in as a big relief during the pandemic. All students in the country, from kindergarten-level learners to doctoral candidates, stayed home to pursue their education online. In fact, not only Chinese students, but several of the half-million international students enrolled in universities here, were also affected. Thus, to ensure smooth learning, they used VM software to log in from their home countries to attend online classes. These factors have increased the adoption of virtual meeting software in China immensely.
COMPETITIVE OUTLOOK
The prominent companies studied in the virtual meeting software market are Microsoft Corporation, Zoom Video Communications Inc, Amazon Inc, Zoho Corporation, Alphabet Inc, Adobe Inc, Huawei Technologies Co Ltd, and Sine Wave Entertainment Ltd.
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