Videoconferencing Service Management System Market,Video Conferencing Solution Korea,Web Video Conferencing Market,Video Meetings Market : Ken Research

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• South Korea Video Conferencing Market Research
  Report Ken Research

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• 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 RD
  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.

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• 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.

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• 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
  banks 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.

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• 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.

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• 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.

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• For more information on the research report,
  refer to below link
• https//www.kenresearch.com/technology-and-telecom
  /telecommunications-and-networking/south-korea-vid
  eo-telepresence-market/145656-105.html
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