Press release
South Korea Video Conferencing Market is Expected to Reach around USD 27 Million in 2022: Ken Research
Video conferencing hardware demand has risen through various industries including BFSI, IT/ITES, government sector and PSUs, transportation, hospitality, education, entertainment, manufacturing, oil and gas and healthcare. South Korea video conferencing software market is a niche market in the country and is growing at a rapid rate. The virtual video telepresence market is a nearby substitute to the hardware endpoint and infrastructure market and is attracting the customers due to its lower price. There has been a dip in the manufacturing sector business growth. Industrial facilities in the country ran at 71.6% of their capacities on an average in Q2 2017 which has been lowest since 2009. The decline in manufacturing sector has led to decrease in the demand for video conferencing products in the country. The demand for the hybrid solution i.e. the integration of both hardware and software has witnessed a growth in the last 2 years.
Only system integrators are authorized to sell these products to end users in South Korea. Being a foreign entity, OEMs choose different system integrators in South Korea for different projects and the distributors provide the video conferencing hardware products to the system integrators. Bill of material is designed and system integrator is chosen.
Analysts at 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 (Offices, Financial Sector and Government and PSUs)” believe that extended warranty and strong distribution channel will aid the video conferencing hardware market.
Video Conferencing Hardware Endpoints and Infrastructure market is expected to register positive CAGR of around 5.1% during the period 2017-2022. Rising demand from various industries and increase in customized solutions are expected to have positive impact on the demand for video conferencing hardware products.
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
Related Reports:
https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/india-video-conferencing-market/144736-105.html
https://www.kenresearch.ae/defense-and-security/security-devices/india-electronic-security-market-research-report/476-16.html
https://www.kenresearch.com/defense-and-security/security-devices/india-electronic-security-market-2020/30045-16.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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