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South Korea Video Conferencing Hardware Market Rings Up Growth: $51 Million Melody Expected by 2028: Ken Research

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GURUGRAM, India, Feb. 21, 2024 /PRNewswire/ — South Korea video conferencing hardware market is humming with activity, expected to reach a harmonious $51 million crescendo by 2028, resonating with a robust CAGR of 3.8%. Ken Research’s ‘South Korea Video Conferencing Hardware Market Outlook 2028′ report delivers an in-depth look at this vibrant landscape, analyzing its key drivers, challenges, and promising future. This press release highlights the key notes of this dynamic market. 

Market Symphony: A Harmonious Blend of Factors 

Beyond facilitating communication, video conferencing hardware plays a crucial role in empowering remote work, boosting educational accessibility, and fostering global collaboration. In 2017, the market reached a size of $34 million, and it’s poised for continued growth, fueled by: 

Rising ICT Spending: Increasing investments in information and communication technology across diverse sectors like education, healthcare, and IT/BPM drive demand for high-quality video conferencing solutions. Growing Enterprise Adoption: Businesses recognize the benefits of video conferencing for remote meetings, training, and client interactions, leading to widespread adoption. Government Initiatives: Supportive policies promoting e-learning and digital transformation further stimulate market growth. Enhanced User Experience: Continuous advancements in hardware technology deliver improved audio and video quality, user-friendly interfaces, and seamless integrations, increasing user satisfaction. Affordable Solutions: Competitive market dynamics are leading to more affordable hardware options, making video conferencing accessible to a wider range of users and organizations. 

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Market Segments: Diverse Voices in the Chorus 

The report delves into the various segments of the South Korean video conferencing hardware market, offering a comprehensive view: 

Endpoint Type: Endpoints remain the dominant segment (70%), followed by infrastructure like servers and management systems (30%). End User: Corporate offices have the largest share (50%), followed by government and public sector entities (30%) and educational institutions (20%). Technology: IP-based video conferencing holds the majority share (90%), with traditional ISDN-based systems declining due to their limitations. 

Competitive Landscape: A Stage for Global and Local Players 

The market features a mix of established global players and innovative local companies: 

Global Powerhouses: Cisco, Polycom, and Logitech lead the pack with their extensive product portfolios and brand recognition. Local Stars: Korean players like Hanwha Techwin and LG Electronics are gaining traction with their competitive offerings and localized support. New Entrants: Emerging startups are introducing innovative solutions, particularly in mobile and cloud-based video conferencing, adding to the competitive mix. 

Challenges: Tuning the Notes of the Market 

Despite the positive outlook, some challenges need to be addressed: 

Limited Bandwidth: In certain areas, limited internet bandwidth can hinder the adoption of high-definition video conferencing. Security Concerns: Ensuring data security and privacy remains a crucial concern for users, requiring robust security measures from vendors. Lack of Awareness: Raising awareness about the benefits of video conferencing, particularly among smaller businesses and institutions, is necessary for wider adoption. Price Sensitivity: Price remains a key factor for many buyers, requiring vendors to offer cost-effective solutions without compromising on quality. 

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Future Outlook: A Harmonious Collaboration for Growth 

The South Korean video conferencing hardware market is poised for continued growth, driven by several exciting factors: 

Focus on Collaboration & Mobility: Increased demand for collaborative tools and solutions optimized for mobile devices will create new opportunities for market expansion. Cloud-Based Solutions: Growing adoption of cloud-based video conferencing solutions will offer flexibility, scalability, and cost-effectiveness, attracting new users. Integration with AI & IoT: Integration with artificial intelligence and internet of things technologies will enhance user experience and functionality, driving innovation. Focus on Emerging Technologies: Continued advancements in augmented reality and virtual reality technologies hold potential for revolutionizing video conferencing experiences in the future. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the South Korean video conferencing hardware market, including: 

Hardware Vendors: Focus on developing innovative, user-friendly, and secure solutions at competitive price points. System Integrators: Offer customized solutions and integration services to meet the specific needs of businesses and organizations. Solution Providers: Partner with hardware vendors and integrators to provide comprehensive video conferencing solutions for end users. Policymakers: Implement policies that promote the adoption of video conferencing technologies and address concerns like data security and bandwidth limitations. 

Conclusion 

Remember, the future of the South Korean video conferencing hardware market is not just about technology, but about fostering collaboration, communication, and human connection across geographical and cultural boundaries. By working together, stakeholders can ensure that this market plays a harmonious role in shaping a more connected and productive future for South Korea and beyond.

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Taxonomy

South Korea Video Conferencing Hardware Market Segmentation

By Hardware Type

EndpointsInfrastructure

By Endpoints

MonitorUSB CameraCODEC

By USB Camera

Small/medium roomBig size room

By End-user

EngineeringITGovernmentAcademiaFinancialHealthcareHospitalityOthers

By Region

SeoulBusanDaejeonOthers

For More Insights On Market Intelligence, Refer To The Link Below: –

South Korea Video Conferencing Hardware Market

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Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

View original content:https://www.prnewswire.com/news-releases/global-times-china-opens-12-nuclear-research-facilities-to-global-scientists-302254830.html

SOURCE Global Times

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The Ar-King of Spirits: Ed Arking’s Impact on the Liquor Industry

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In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

MOORESTOWN, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — Served Neat is an emerging online platform with a curated selection of some of the world’s most popular luxury spirits. The website offers daily flash deals that highlight a variety of high-end international brands including Pappy Van Winkle, Buffalo Trace, Clase Azul, and more.

“While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Ed and Joe Arking, the father-son team behind the concept of Served Neat, have decades of experience hand-selecting and supplying sought-after liquors. Ed Arking, CEO of New Jersey’s Roger Wilco, grew up in the world of wine and spirits and formed his own business aspirations.

“Growing up, I watched my father navigate and succeed in the ever-evolving wine and spirits industry,” Ed explains. “While I always aspired to create something similar, I knew I needed to wait for the right moment.” Ed has gone on to manage his own liquor store and lead projects for up-and-coming brands, such as the vodka-infused and non-carbonated Smooth Water.

As he evolved in his career, Ed discovered the perfect time to make his lifelong vision a reality. He recalls, “I noticed a gap in the market—especially for whiskey and tequila. These categories have surged in popularity, making it difficult for the everyday consumer to find those elusive sought-after allocated bottles.”

In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

When it comes to Served Neat, quality and knowledge is key. Ed adds, “While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Served Neat is the sister company to WTSO and The Wine Market, two online platforms dedicated to sourcing and distributing top-notch wines from every corner of the globe.

At The Wine Market, an online marketplace for the world’s most popular wine brands, convenience and quality are key. Each bottle in their curated collection is a testament to exceptional flavor and craftsmanship.

Since 2006, WTSO has enjoyed creating a unique wine experience and sharing it with new beginners and seasoned connoisseurs alike. Using an extensive network of wineries and wine makers, WTSO connects customers to thousands of brands from top wine appellations around the globe. The strong relationships they’ve formed within the wine world allow the business to deliver authentic and high-quality bottles to homes across the United States.

Wine and spirits lovers alike are invited to explore Served Neat, WTSO, and The Wine Market to find their next favorite bottle. Visit their websites to learn more about these one-of-a-kind online marketplaces!

Media Contact

Julie Blount, WTSO, 1 8669572795, marketing@wtso.com

View original content to download multimedia:https://www.prweb.com/releases/the-ar-king-of-spirits-ed-arkings-impact-on-the-liquor-industry-302254517.html

SOURCE WTSO

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