India's PM Employs Videoconferencing for Events
The use of and applications for videoconferencing run far and wide. It’s employed today for everything from enabling communications between Junior and Grandma, to allowing world leaders to speak with their people.
In an example of the latter, India’s Prime Minister Narendra Modi reportedly used videoconferencing earlier this week to mark two important events.
One was the 85th Sivagiri Pilgrimage Celebrations. They took place at Sivagiri Mutt in Vakala in Kerala. Sivagiri is the holy site of saint and social reformer Sree Narayan Guru.
The other was the 125th birthday of physicist S.N. Bose, who passed away in 1974. Bose made some noteworthy contributions to quantum physics in the 1920s. Specifically, his work in quantum mechanics helped create the foundation for Bose-Einstein statistics.
The global video conferencing market approach $5 billion last year, according to some studies published last year. And in 2016 IDC said overall videoconferencing equipment revenue increased 6.1 percent from 2015.
India, with its giant population and history of technological prowess, is an important country for the tech space – both in terms of its contributions and in light of its tech investments.
IDC last month reported that the India software market one of the fastest growing and dynamic markets within the APeJ (Asia Pacific excluding Japan) region. It’s poised to be valued at $5.1 billion by the end of this year, according to the research firm.
"Organizations across all industry verticals and segments have jumped on the digital bandwagon, resulting in spend on software such as collaborative applications, enterprise resource management, and customer relationship management to optimize their business processes and enhance customer engagement. In fact, collaborative and CRM applications were amongst the top three fastest growing software categories in 2017, primarily led by adoption via a cloud model (consumed as Software-as-a-Service)," said IDC India’s Sandeep Kumar Sharma.
India is also an important area for the Internet of Things. IDC predicts India’s IoT market will reach $34 billion by 2021.
"Indian enterprises have moved from the what and why stages to the how stage on IoT maturity,” says IDC India’s Rishu Sharma. “Organizations are realizing the business value that is brought in by IoT, with heightened awareness and aggressive plans to deploy an IoT solution over the next 24 months.”
Edited by Mandi Nowitz