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.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.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.htmlContact Us:Ken ResearchAnkur Gupta, Head Marketing & Communicationssales@kenresearch.com+91-9015378249
<p>South Korea Video Conferencing Market Research Report : Ken Research
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
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.
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 ~.