Global Market Research Reports : Ken Research: Telepresence System Industry South Korea

Wednesday, April 11, 2018

South Korea Video Conferencing Market is Expected to Reach around USD 27 Million in 2022: Ken Research

South Korea Video Conferencing Hardware Endpoints and Infrastructure market by Type (Endpoints and Infrastructure), by End Users (Corporate Offices, Financial Sector and Government and PSUs) and by Regions (Seoul, Busan, Daejeon and Others). Company profile of major players in South Korea Video Conferencing Endpoint Hardware and Infrastructure market including Cisco Systems (Korea) Ltd., Polycom Korea, Huawei, Sony, Panasonic, Lifesize, Avaya, ZTE, Kedacom, and V-Cube. Competitive landscape of Virtual Video Conferencing market including Skype, Zoom, Cisco, Google, Polycom, West, Adobe, LogMein, Arkadin, Huawei, ZTE, BlueJeans Network, uPrism, 4NBsoft and PGi. Competitive landscape of India Video Conferencing System Integrators including 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. System.

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.

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.

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

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

https://www.kenresearch.com/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

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South Korea Video Conferencing Hardware Endpoints-Ken Research

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.