Rising demand for customized solutions in Video Conferencing market in South Korea will be a catalyst in future.
According to Ken Research report titled “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)” customized solutions and increasing demand from SMEs will be the key growth catalyst in future. South Korea video conferencing hardware endpoints and infrastructure market is driven by the growth in the incline in the number of enterprise in financial and insurance services and education sector. Moreover, the entry of various OEMS in the market such as Huawei, Lifesize and others has been a growth driver. The OEMs being foreign based companies are not authorized to sell video conferencing hardware products in South Korea and hence perform the sales through system integrators. The manufacturers stock their products with the distributors and charge a margin of 10.0%-15.0%. Though OEMs cannot perform direct sales but are involved in the whole process even before and after sales. OEMs meet the client directly for all the leg work, gap analysis, understanding and knowledge sharing. OEMs choose the system integrators based on the size and type of projects.
The demand for the video conferencing hardware products has been increasing from the enterprises in the country as the companies prefer to conference instead of travelling to other places for meetings. Video conferencing cuts the cost as it saves the money of travel, stay and food of the attendee. The number of enterprises increased at a five year CAGR of 0.9% during 2012-2017 increasing the requirement for video conferencing hardware products. Education sector is also using the video conferencing for training the students and expanding the reach. The increase in the trend of virtual classes has made a positive impact on the video conferencing hardware endpoints and infrastructure market. The number of high schools inclined at a five year CAGR of 0.5% during 2012-2017. The demand for video conferencing hardware increased from the banking sector in South Korea as the sector inclined at a five year CAGR of 4.5% during 2012-2017.
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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