India has a population of 1.2 billion people and a GDP of $4.962 trillion composed of 16.9% agriculture, 17% industry, and 66.1% services. The video conferencing market in India was anticipated to be $83.2 million in 2013 and is expected to grow at a CAGR of 20.1% over the next seven years, reaching $1,506.2 million by 2018. Key drivers of growth include changing mindsets of enterprises using video in business processes, support from service providers, and increased internet penetration. Major customers include those seeking to reduce travel, provide flexible learning options, and access inaccessible areas through healthcare, education, and government organizations.
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Its about hungarian company video square. How they can enter in Indian Market
India has a population of 1.2 billion people and a GDP of $4.962 trillion composed of 16.9% agriculture, 17% industry, and 66.1% services. The video conferencing market in India was anticipated to be $83.2 million in 2013 and is expected to grow at a CAGR of 20.1% over the next seven years, reaching $1,506.2 million by 2018. Key drivers of growth include changing mindsets of enterprises using video in business processes, support from service providers, and increased internet penetration. Major customers include those seeking to reduce travel, provide flexible learning options, and access inaccessible areas through healthcare, education, and government organizations.
India has a population of 1.2 billion people and a GDP of $4.962 trillion composed of 16.9% agriculture, 17% industry, and 66.1% services. The video conferencing market in India was anticipated to be $83.2 million in 2013 and is expected to grow at a CAGR of 20.1% over the next seven years, reaching $1,506.2 million by 2018. Key drivers of growth include changing mindsets of enterprises using video in business processes, support from service providers, and increased internet penetration. Major customers include those seeking to reduce travel, provide flexible learning options, and access inaccessible areas through healthcare, education, and government organizations.
GDP (Purchasing Power Parity):$4.962 trillion (2013 est.) GDP Composition by sector of origin: Agriculture: 16.9% Industry: 17% Services: 66.1% (2013 est) 486.6-million worker Indian labor force is the world's second-largest Major industries include textiles, telecommunications, chemicals, pharmaceuticals, biotechnology, food processing, steel, transport equipment, cement, mining, petroleum, machinery, and software.
India :Taxation India : Law VC Market In India video conferencing market in India was anticipated at USD$83.2 million. Industry is likely to sustain a compound annual growth rate (CAGR) 20.1% over the next seven years. Communication market is expected to reach $1,506.2 million by 2018, at a CAGR of 12.4% from 2013-2018.
Reasons For Growth Changing mindset of enterprises that look at video as a corroborator in their business processes Support of the service provider community in deploying managed video conferencing services Enhanced reach through system integrators Reasons For Growth Increasing operational cost
Growth of enterprise mobility
Increasing internet penetration
Key Customers Global Collaboration Flexible Learning Options Reduce Travel Access the Inaccessible Health Care Large Number Of Students High Growth in e-learning Education Biggest Spender On HD Video Conferencing Large Numbers of trainings are given to the employees Center and State Government
Largest employment providing sector Requires many trainings , conferences & meetings to give and knowledge to its employees Service Industry Key Customers By Business Challenge Distributed Workforce Unified Communications Distance Learning Human Resources Key Customers By Industry Government Departments Healthcare Education Professional services Service Providers Key Customers By Key Challanges Distributed Workforce Distance Learning Human Resources Having Offices at many locations E-learning, Online Tutoring Having large number of workforce Service Strategy Creating software-based innovations for mobile, social, and cloud platforms Making video collaboration easier to integrate into everyday business processes Real Presence video solutions such as conference management, resource reporting.
Challenges Large and small enterprises are still struggling to have users adopt video conferencing Network Infrastructure needs. Minimum Entry Requirement for new entrant Price competition Large number of small service providers Limited availability of Internet infrastructure Lack of awareness and low digital literacy Competition Ploycom (Approx. 51 % Market Share) Vidyo Tata Communication Cisco
Increasing operational cost growth of enterprise mobility increasing internet penetration