Videoconferencing Service Management System Market,Video Conferencing Solution Korea,Web Video Conferencing Market,Video

1. South Korea Video Conferencing Market Research Report : Ken Research

2. Video conferencing market in South Korea has inclined from USD ~ million in 2012 to USD ~ million in 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. The manufacturing units have increased from ~ in 2012 to ~ in 2014. 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. Video conferencing has been used by the oil and gas industry as there are various benefits including collaborative communications, managing crisis response and telemedicine for remote locations. Video conferencing market in South Korea inclined from USD ~ • million in 2015 to USD ~ million in 2017. The demand for video conferencing hardware products has risen from the corporate sector. 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 customized solutions in order to curtail the cost. Total number of enterprises inclined from ~ in 2015 to ~ in 2017. Telemedicine has been banned in South Korea in 2016 owing to its cyber threat. Moreover, the inaccuracy of data might lead to medical accidents.

3. This segment declined the market for video conferencing hardware in the country. The requirement of the video conferencing from the financial sector has also increased. Financial and insurance services grew from ~ in 2015 to ~ in 2017 and media and entertainment from USD ~ million in 2015 to USD ~ million in 2017. • The endpoints constitute of CODEC, camera and monitor used for video conferencing. Endpoints 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 ~%. Its Infrastructure includes Multipoint Control Unit (MCU)/Gateways, gatekeepers, management and scheduling tools, Network Address Translation (NATs), firewall traversals, border and security elements, and other related devices. • Corporate offices dominated the end users segment in South Korea video conferencing hardware generating revenue share of ~% in the market in 2017 as there has been rise in adoption of the video conferencing for this purpose.

4. Increase in number of enterprises of different sectors including IT/ ITES, Media and entertainment, oil and gas, hospitality, retail, manufacturing and others has attributed to the market. The number of enterprises inclined from ~ in 2012 to ~ 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. The financial and insurance services ~ in 2012 to ~ in 2017 which further proved to be a catalyst for the video conferencing hardware products. Woori bank established its online wealth management center where customer can engage and consult with the advisors video conferencing using phone, email or bank’s homepage. In financial sector, video conferencing hardware is used not only for meetings but training also. • 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. Tenders of significant values were released in the review period. • The virtual video conferencing market in South Korea contributed USD ~ million in 2017 which accounted to ~% of whole video conferencing market. The virtual video conferencing market caters to various industries such as IT/ITES. SMEs generally prefer using software owing to its lower price compared to the hardware market is in growth stage and is a concentrated space with top ~ players accounting revenue share of ~% in 2017. The players compete on the basis of price, product portfolio, quality, promotions and discounts, number of participants, trial days, free version, social media integration, plans offered and platform availability. Skype is the leading player in the virtual video conferencing contributing revenue share of ~% in the market and Cisco contributed a 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. Web conferencing will become more collaborative in future.

5. 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. System integrators compete on various factors including brand value, reach, quality of service and OEM association. South Korea Video Conferencing system integrators market is expected to increase from USD ~ million in 2017 to USD ~ million in 2022 at a five year CAGR of ~%. • South Korea Video conferencing hardware endpoints and infrastructure market had approximately ~ players in 2017. 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 others.

6. Video conferencing hardware endpoints and infrastructure market in South Korea is expected to increase from USD ~ million in 2017 to USD ~ million in 2022 at a five year CAGR of ~% owing to the focus on designing smart workplace and adoption of integration of video conferencing products. There will be rise in the demand from various industries including Manufacturing, Education, Media and entertainment, BFSI/banking and healthcare, hospitality and IT/ITES. 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. Corporate offices are expected to dominate as the end users in video conferencing hardware market in the country. Moreover, endpoints will remain the leading type in the video conferencing hardware in the country.

8. 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.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 • Contact Us:Ken ResearchAnkur Gupta, Head Marketing & Communicationssales@kenresearch.com+91-9015378249