Key Trends in the South Korea Video Conferencing Market
Through a live video and audio call, two or more people can participate in a virtual, online conference called video conferencing. While video conferencing has been used for a long time, its use in business and education increased dramatically during the COVID-19 epidemic.Technological Advancements and Work-from-home Culture Supports the Growth of the Video Conferencing Market in South Korea
South Korea is known for technological developments and innovations, and it will continue to advance in the coming future as well, augmenting connectivity, ease of usage, video, and sound quality, among others. With the rise of the work-from-home culture, video conferencing tools are becoming more popular in the country, saving a lot of resources and money that would otherwise be spent on in-person meetings. People can now attend meetings and classes from the comfort of their homes without having to travel long distances. Other factors such as high smartphone usage, increased internet penetration, and rising disposable income also augment market growth in South Korea.
Globalisation and Improved User Experience are Making Video Conferencing Popular in South Korea
Numerous companies are now going global, which has made video conferencing tools an important part of their company’s growth. People from different time zones and locations can now connect easily, and this high demand is propelling the market players to make the interface of their video conferencing platform more user-friendly and of high quality while also improving privacy and security issues. Many video conferencing platforms now offer additional features such as management software, calendars, reminders, and email, among others. These additional features and secure video conferencing are bolstering the demand for video conferencing in South Korea.Market Segmentation
South Korea Video Conferencing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Component
- Hardware
- Software
- Services
Market Breakup by Deployment
- On-premise
- Cloud
Market Breakup by Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
Market Breakup by Application
- Personal
- Enterprise
Market Breakup by End-Use
- Corporate
- Education
- Healthcare
- Government and Defence
- BFSI
- Media and Entertainment
- Others
Market Share by Component
Physical video conferencing tools, including cameras, speakers, microphones, and displays, are referred to as video conferencing hardware. Applications and systems used to hold video conferences are classified as video software. This covers both on-premises and cloud-based systems. Features like screen sharing, virtual backdrops, recording, and chat are included in video conferencing software. Support and upkeep from suppliers or other third parties are included in video conferencing services. A few of these services are setup, technical support, training, and managed services.Due in part to the COVID-19 pandemic and the subsequent shift to remote work, the videoconferencing market has seen substantial development in recent years. As a result, there is a greater need for video conferencing equipment, software, and services, as well as for brand-new features and advancements that will improve the user experience and aid the market growth.
Market Share by Deployment
On-premise video conferencing may provide greater control, security, and customizability possibilities, but cloud video conferencing may be more affordable, flexible, and easy to grow. Utilizing a third-party service provider that hosts the infrastructure and software for video conferencing in the cloud is necessary for cloud video conferencing. This implies that viewers may use a web browser or mobile app to connect to the video conferencing from any location with an internet connection. Platforms for cloud video conferencing include, among others, Zoom, Microsoft Teams, and Google Meet. On-premise video conferencing, on the other hand, entails setting up and keeping up the equipment and software for video conferencing on regional services or data centres inside an organization. Both the segments are widely being used based upon the needs and resources of the user.Market Share by Enterprise Size
The expansion of the South Korea's video conferencing market has been fueled by small and medium enterprises’ (SMEs) increased adoption of video conferencing solutions to facilitate remote work and collaboration. Large businesses in South Korea may have various needs, such as more sophisticated features and better security standards when using video conferencing systems for remote communication. As a result, major businesses have always preferred on-premise video conferencing systems. On the other hand, due to limited budgets, SMEs frequently need more economical and adaptable solutions. As a result, SMEs are increasingly utilising cloud-based video conferencing solutions. Major businesses have always preferred on-premise video conferencing systems. However, in recent years, a lot more organisations have begun to use cloud-based video conferencing systems.Market Share by Application
Video conferencing is used for both enterprise and personal applications. Enterprise video conferencing is used for communication and collaboration. It can be used for a variety of purposes, including remote work, training, client meetings, and team collaboration. Enterprise video conferencing solutions often include more advanced features than personal video conferencing. Personal video conferencing is typically used for communication between individuals or small groups of people for personal or social purposes. COVID-19 boosted the use of video conferencing, thereby augmenting market growth in South Korea.Market Share by End-Use
For businesses and government organisations, video conferencing has become a crucial tool for conducting virtual meetings and presentations as well as connecting with clients and staff who are spread out across different places. Video conferencing has developed into a useful tool for instructors to communicate with students as distance learning has grown more popular. By making it possible for virtual consultations, remote diagnostics, and telemedicine services, it has also revolutionised the healthcare sector. For personal purposes, video conferencing has gained popularity as a way for friends and family members to communicate from distant locations. All these multiple uses will bolster the video conferencing market in South Korea.Competitive Landscape
The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea video conferencing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.Zoom Video Communications, Inc.
Zoom Video Communications, Inc.- A communications platform called Zoom Video Communications offers chat, audio, video, and content-sharing opportunities for users to communicate. Face-to-face video is made possible by the company's cloud-native technology, which joins individuals from different devices and places in a single conference. Serving businesses of all sizes and across all sectors worldwide, Zoom was established in 2011 and has its corporate headquarters in San Jose, California.ECS Telecom
ECS Telecom- Enterprise voice solutions are the focus of the Korea-based business ECS TELECOM Co Ltd. System integration and consultancy, video conferencing, network integration, CC/UC, and total maintenance services are among the business sectors in which it is active in providing solutions. The company's headquarters are in Seoul, South Korea.The Others players in the industry are Haeden Bridge Co,Ltd, Lumens Digital Optics Inc., 4NB Co., Ltd, Avaya, Inc, Cisco Systems,Inc, Huawai Technologies Co.,Ltd., Microsoft Corporation, Google LLC, and Panasonic Holdings Corporation, among others.
Table of Contents
Companies Mentioned
- Zoom Video Communications, Inc.
- ECS Telecom