Middle East And Africa Virtual Meeting Software Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s analysis on the virtual meeting software market in the Middle East and Africa states that it is likely to witness growth at a CAGR of 12.73% in the forecast period between 2022 and 2028. Saudi Arabia, Turkey, South Africa, the United Arab Emirates, and Rest of Middle East & Africa together constitute the market in this region.
Post the implementation of lockdowns, South Africa witnessed an increase in meetings being conducted online. There was a massive surge in the number of video conferencing apps downloaded, with Zoom topping the list. It shot up ranks massively, from being at the 148th place to becoming the top-ranking app in the country in a matter of days. Other conference call apps like Microsoft Teams, Google Hangouts, and Skype have also made their way up the rankings.
Besides, WhatsApp, which can be considered a low-data alternative, has been downloaded consistently in South Africa for years. All these factors present massive growth opportunities for the virtual meeting software market in the years to come.
Even in Turkey, the adoption of VM software has been rising in the business, education, and government sectors. International universities are conducting educational conferences and courses in the nation. For instance, in May 2020, the Istanbul Center organized a virtual community meeting on Zoom with current and newly admitted students by collaborating with the Columbia Alumni Association of Turkey and the Columbia Turkish Students Association. The increased adoption of VMS is expected to benefit the Turkish market’s growth.
COMPETITIVE OUTLOOK
The dominant players in the virtual meeting software market include Airmeet Inc, Lifesize Inc, Avaya Inc, Zoho Corporation, Adobe Inc, Goto Inc, Amazon Inc, and Cisco Systems Inc.
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