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)

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)

  • April 2018 •
  • 83 pages •
  • Report ID: 5567569 •
  • Format: PDF
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, 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

Ecosystem for South Korea Video Conferencing Hardware Endpoints and Infrastructure

Revenue Streams for South Korea Video Conferencing Hardware Endpoints and Infrastructure

South Korea Video Conferencing Market Introduction

South Korea Video Conferencing Hardware Endpoints and Infrastructure market size

South Korea Video Conferencing Hardware Endpoints and Infrastructure market segmentation by type

South Korea Video Conferencing Hardware Endpoints and Infrastructure market segmentation by end users

South Korea Video Conferencing Hardware Endpoints and Infrastructure market size by regions

South Korea Video Conferencing Hardware Endpoints and Infrastructure market future outlook

Market share of major player (Cisco, Polycom, Huawei and other) in South Korea Video Conferencing Hardware Endpoints and Infrastructure market

Porter’s Five Forces Analysis

Snapshot on South Korea Video Conferencing

Snapshot on South Korea System Integrators

Future Outlook to South Korea Video Conferencing Hardware Endpoints and Infrastructure

Analyst Recommendation for South Korea Video Conferencing Hardware Endpoints and Infrastructure

Macro economic analysis affecting South Korea Video Conferencing Hardware Endpoints and Infrastructure