South Korea Video Conferencing Hardware Endpoints and Infrastructure Market on the Basis of Revenue is Expected to reach USD 25 Million in near future: Ken Research

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  • South Korea Video conferencing hardware endpoints and infrastructure is in growth stage and is a concentrated space with four major players including Polycom, Cisco, Huawei and Lifesize capturing almost the entire market in 2017.
  • The virtual video conferencing market is in early growth stage and is a concentrated space with top 2 players i.e. Skype and Cisco accounting revenue share of 90.0% in 2017.

Ken Research in their latest publication South Korea Video Conferencing Market Outlook to 2022 – By Software, Hardware Endpoints and Infrastructure Market and by End Users (Corporate Offices, Financial Sector and Government and PSUs) observed that the ICT spending in schools, universities and colleges and tutoring institutes on video telepresence has driven the volume sales. Virtual classes and blended teaching styles for distance learning and management development programs necessitate the adoption of video conferencing hardware in the country.

Video conferencing market in South Korea grew at a 5 year CAGR of 3.8% from 2012 to 2017. There has been rise in the demand for videoconferencing Hardware Endpoints and infrastructure with the growth in the end user industries including IT/BPM sector, BFSI, transportation, entertainment, manufacturing. South Korea IT industry is considered to be most innovative in terms of R&D intensity and generated high demand for video conferencing hardware endpoints and infrastructure. The adoption of the technology by the SMEs to communicate at distant locations has also triggered the market. There is increase in the demand for hybrid video conferencing solution in order to curtail the cost.

Corporate offices dominated the end users segment in South Korea video conferencing hardware space. Increase in number of enterprises within different sectors including IT/ ITES, Media and entertainment, oil and gas, hospitality, retail, manufacturing and others has attributed to the growth in the market. The number of large enterprises excluding financial sector inclined from 11,760 in 2012 to 12,287 in 2017. On the other hand total number of SMEs in the country inclined from 3,590,465 in 2012 to 3,973,160 in 2017.

The endpoints constitute of CODEC, camera and display used for video conferencing, dominated the video conferencing market in South Korea with the major proportion in revenue share in 2017. The price range for codec in South Korea is approximately USD 1,000-3,000. The infrastructure followed the endpoints in the video conferencing hardware market in South Korea.

For more information on the research report, refer to below link:

https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/south-korea-video-telepresence-market/145656-105.html

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https://www.kenresearch.com/defense-and-security/security-devices/india-electronic-security-market-2020/30045-16.html

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