The report titled “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)” provides a comprehensive analysis of South Korea Video
Conferencing Hardware Endpoints and Infrastructure market size by revenue, ecosystem,
revenue streams, snapshot on South Korea virtual video conferencing and snapshot
on South Korea system integrators. The report also provides data points on South
Korea Video Conferencing Hardware Endpoints and Infrastructure market by End
Users (Offices, Financial Sector and Government and PSUs) and by Regions (Seoul, Busan, Daejeon and
Others) along
with company profile of major players in South Korea Video Conferencing Hardware
Endpoints and Infrastructure market including Cisco, Polycom and Huawei. The
report also covers Porter’s Five Forces analysis with analyst recommendation
and macroeconomic variables.
The report is
useful for video conferencing companies, potential entrants and other
stakeholders to align their market centric strategies according to ongoing and
expected trends in the future.
South
Korea Video Conferencing Hardware Endpoints and Infrastructure Market Size
Video
conferencing market in South Korea has inclined from USD ~ million in 2012 to
USD ~ million in 2017 at a five year CAGR of ~% during the period. There has
been rise in the demand for hybrid videoconferencing solutions which utilizes
multiple platforms, including any combination of public or private cloud with
internal infrastructure such as hardware and software elements. Demand for Hardware
Endpoints and infrastructure has grown with the business growth of the end user
industries including IT/BPM sector, BFSI, transportation, entertainment and
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 growth. Total
number of enterprises in South Korea inclined from ~ in 2015 to ~ in 2017.
Market Segmentation
By End Users (Corporate Offices,
Financial Sector and Government and PSUs)
Corporate
offices dominated the end users segment in South Korea video conferencing
hardware with the revenue share of ~% in 2017. The second highest revenue share
of ~% was attributed by financial sector in the country as the banking services
have been on the technological drive. Extra sensitive or proprietary data that
businesses owners are reluctant to send to the cloud make in-house software
options attractive for some types of businesses, like those in the financial or
healthcare industries The third highest market share of ~% was contributed by
the government sector and PSUs as the project value for the same is very high
and this sector prefers video conferencing hardware due to security reasons.
By Type (Endpoints and
Infrastructure)
The
endpoints constitute of CODEC, camera and display used for video conferencing
and dominated the video conferencing market in South Korea with revenue share
of ~% in 2017 owing to high price of CODEC. The price range for codec in South
Korea is approximately USD ~. The infrastructure followed the endpoints in the
video conferencing hardware market in South Korea with revenue share of ~%.
By Regions (Seoul, Busan, Daejeon
and Others)
Seoul
dominated the regions generating revenue share of ~% in the video conferencing
hardware endpoints and infrastructure market in South Korea in 2017 due to
highest number of establishments. Busan followed Seoul with a revenue share of ~%
in 2017. Daejeon contributed third highest revenue share of ~% as it is a city
known for science and technology in the country.
Competitive Landscape
South
Korea Video conferencing hardware endpoints and infrastructure market is in growth
stage with ~ players generating a revenue of approximately USD ~ million. It is
a concentrated space with four major players including Polycom, Cisco, Huawei
and Lifesize capturing ~% of the market in 2017. Avaya, Sony and Panasonic are
other notable players in the industry. The end users for the industry include
BFSI, IT/ITES, government sector and PSUs, transportation, education,
entertainment, manufacturing, oil and gas and healthcare. Major players have
approximately ~ distributors and ~ system integrators. South Korea Video
Conferencing Endpoint Hardware and Infrastructure Companies compete on the
parameters including pricing, product line up, product reliability and user
interface, after sales service and distribution network.
Snapshot on Virtual Video
Conferencing Market
The
virtual video conferencing market in South Korea contributed USD ~ million in
2017 which accounted to ~% of whole video conferencing market. The market is in
growth stage and is a concentrated space with top ~ players i.e. Skype and
Cisco WebEx accounting revenue share of ~% in 2017. The virtual conferencing
software market is expected to incline in future due to rising awareness about
the market and the rising demand majorly from SMEs.
Snapshot of South Korea Video
Conferencing System Integrators
South
Korea Video Conferencing system integrators market has inclined from USD ~
million in 2012 to USD ~ million in 2017 at a five year CAGR of ~%. The
catalysts for the market have been introduction of new products, entry of new
OEM companies in the space and rising demand from various industries including
Government, BFSI, Manufacturing, IT/ITES, Education, Healthcare and others. The
cluster of system integrators is present in Yeongdeungpo-gu in the country. The
major system integrators operating in the space include Dimension Data Korea
Inc, British Telecom, Orange Business Service, ECS Telecom, Fujitsu Korea Ltd,
Insung Information Co. Ltd., GS Neotek Co. Ltd and E-Tron Co. Ltd.
Future Outlook to South Korea Video Conferencing Hardware Endpoints and
Infrastructure Market
Video
conferencing hardware endpoints and infrastructure market in South Korea is
expected to increase from USD ~ million in 2017 to USD ~ million in 2022 owing
to the focus on designing smart workplace and adoption of integration of video
conferencing products. Growth in the number of SMEs is expected in the forecast
period due to the five year plan (2015-2019) of Korean government for
development of companies with an aim of nurturing ~ medium sized enterprises.
Key Topics Covered in the Report:
Video Telepresence Market South Korea
Video Conferencing Solution Korea
Enterprise ICT Solution South Korea
Telepresence System Industry South Korea
Mobile Video Conferencing Market
Videoconferencing Service Management System Market
Videoconferencing system Market
Web Video Conferencing Market
Video Meetings Market
Conferencing Management Market South Korea
Video Conferencing Meeting Server Center Market
Telepresence Market South Korea
Virtual Video Conferencing Market South Korea
Video Conferencing Market in South Korea
Video Conferencing Hardware Market South Korea
Video Conferencing Software Market in South Korea
Video Conferencing Hardware Endpoints South Korea
Video Conferencing Hardware Infrastructure in South
Korea
Video Conferencing Market in Seoul
Video Conferencing Market in Busan
Video Conferencing Market in Daejeon
Video Conferencing Installation South Korea
South Korea Virtual Video Conferencing Market
South Korea Video Conferencing Hardware System
Integrators
South Korea Video Conferencing Industry
Video Conferencing Hardware Market Trends
Polycom Korea Market Share
Cisco Korea Revenue Telepresence
Huawei Korea Market Share Video Conferencing
Skype Korea Conferencing Market Share
South Korea Video Conferencing Future
Partner Video Conferencing Market
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