Connect with us

Technology

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

Published

on

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. 

Interested to Know More about this Report, Request a Free Sample Report

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. 

Visit this Link :- Request for custom report

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.

Request free 30 minutes analyst call

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

Related Reports by Ken Research: –

US Sensors and Actuators Market Outlook to 2028 By product type –Sensor (Pressure Sensors, Temperature Sensors and others) and Actuators (Hydraulic Actuators Pneumatic Actuators, Electrical Actuators and others), By End user (Automotive, Healthcare, Oil, & Gas, Consumer Electronics and others) and By Regional Split (North/East/West/South)

The sensors and actuators market is expected to grow with a CAGR of ~6.5% between 2017-2022 driven by the increasing demand for sensors and actuators of smaller size and increased performance in industrial automation, consumer electronics, Internet of Things (IoT), and implantable electronic applications. The growing demand for MEMS sensors used in advanced driver assistance systems (ADAS) which support increasing road safety will further drive this segment.

US Enterprise Resource Planning Market Outlook to 2028 Driven by growing investment in enterprise resource planning and transformation towards digital economy

US Enterprise Resource Planning market is expected to show increasing and is expected to grow at a CAGR of ~9% from 2022 to 2028 with rapid globalization & technological advancements in the enterprise resource planning industry, in order to compete with the global companies.

Europe Blockchain in BFSI Market Outlook to 2028 Segment by Type (Private, Public, Consortium, and Hybrid), By Application (Digital Currency, Record Keeping, and Payments & Settlement), By Region/Countries (United Kingdom, Germany, France, Spain, Italy, and Switzerland)

The European blockchain in the BFSI market is estimated to grow at a CAGR of 65% in the forecasted period of 2022-2028. The primary growth drivers of the market are the growing demand for comprehensive security procedures, higher compatibility with the financial services sector ecosystem, and faster and less expensive cross-border payment systems.

UAE IT Service Market Outlook to 2027 Driven by Assessment of UAE IT Services Market and Recommendations on Organization Structure & Service Offerings for Ankabut

The UAE has strategic intentions to expand its investments in data centers, with plans to allocate up to AED ~4 billion by 2026 for this purpose. The IT sector is poised to experience substantial benefits from Etisalat’s ambitious initiatives, including the implementation of 6G technology and the enhancement of its Research and Development (R&D) center in the UAE.

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/south-korea-video-conferencing-hardware-market-rings-up-growth-51-million-melody-expected-by-2028-ken-research-302067005.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Unity Grammar School Earns Honorable Mention in Otis’ Asia Pacific Regional Made to Move Communities™ Challenge

Published

on

By

School awarded A$12,000 grant to advance STEM programming

SYDNEY, April 14, 2025 /PRNewswire/ — A team of students from Unity Grammar School has earned an Honorable Mention in the Otis Asia Pacific region in the Otis Made to Move Communities student challenge, a competition in which students apply principles of STEM (Science, Technology, Engineering and Maths) to propose solutions to real-world urban mobility issues.

Over the last several months, the high school students, with the guidance of Otis volunteer mentors, designed solutions leveraging AI technology aimed at enabling more inclusive mobility in their communities, and presented their ideas to Otis judges from the company’s Asia Pacific region. Otis is the world’s leading elevator and escalator manufacturing, installation and service company.

The students’ solution, an AI-driven Smart Traffic Light system, features a timer capable of detecting emergency vehicles, assisting individuals with vision impairment, and enhancing safety for both vehicles and pedestrians.

“We’d like to thank the Otis volunteers for their mentorship provided to our students throughout this competition,” said Laila Qadan, educator-in-charge from Unity Grammar. “It has been truly inspiring to see the students apply their knowledge of AI and STEM to develop a functional prototype for the competition, showcasing incredible dedication and effort throughout the process.”

“At Otis, we’re excited to support STEM education in Australia and highlight the critical role these skills play in shaping the future,” said Pedro Marcal, Managing Director of Otis Australasia. “It’s been incredibly rewarding to witness the innovation and creativity demonstrated by the students at Unity Grammar. We hope this experience has ignited the students’ lasting interest for STEM and inspired them to keep exploring solutions to real-world challenges.”

About the Made to Move Communities challenge

Launched in 2020, the Made to Move Communities challenge engages young minds to explore real-world challenges and develop innovative solutions with the potential to create more connected communities and improve mobility for all. This initiative brings together students, educators, and Otis colleagues as mentors with the goals of advancing STEM and leadership skills to help build the next generation of talent, ensuring future workforce readiness, and sustaining innovation.

Each year, the program focuses on a different theme that aligns with global priorities, such as sustainability, accessibility or technology. This year’s theme had students incorporate Artificial Intelligence into their proposals. Students are encouraged to think critically and creatively, applying STEM principles to address mobility-related issues. Through workshops, mentorship, and collaboration, participants gain valuable insights and skills that prepare them for future careers while making a positive impact on society. Participating schools also receive grants at the conclusion of the program to support ongoing STEM education in their schools.

This year, more than 250 students from dozens of schools participated in the challenge. To date, the Made to Move Communities program has reached more than 1,000 student participants, involved more than 950 Otis volunteer mentors, and delivered nearly 90 grants totalling over $1 million to support ongoing STEM education at participating schools.  

To learn more about the Made to Move Communities challenge, visit www.otis.com/mtmc.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/unity-grammar-school-earns-honorable-mention-in-otis-asia-pacific-regional-made-to-move-communities-challenge-302426410.html

SOURCE Otis Elevator

Continue Reading

Technology

Globe joins international telecom leaders in pioneering Green Network study from GSMA Intelligence

Published

on

By

MANILA, Philippines, April 14, 2025 /PRNewswire/ — As a company dedicated to environmental responsibility, Globe played a key role in GSMA Intelligence’s (GSMAi) Green Network Index (GNI) study, a pioneering initiative establishing new industry benchmarks for network sustainability.

Globe is one of only six telecom companies worldwide to participate in the inaugural project, proving its dedication to leading environmental sustainability efforts by actively engaging in research that drives greener networks and reduces greenhouse gas emissions in the industry.

“We recognize the importance of collaboration in shaping a more sustainable telecom sector. Our contribution to the GNI study reflects our commitment to integrating sustainable practices that strengthen both our industry and our journey toward Net Zero greenhouse gas emissions,” said Yoly Crisanto, Globe’s Chief Sustainability and Corporate Communications Officer.

Apple Evangelista, Globe’s Head of Sustainability and Social Responsibility, added: “Through the GNI, we are gaining valuable insights that will help us refine our approach to energy efficiency, renewable energy adoption, and overall network sustainability.”

Global support for greener telecom networks is growing. A majority of telecom operators, representing 70% of the industry’s revenues, have already aligned their commitments with the Science-Based Targets Initiative (SBTi) to reduce GHG emissions.

This was driven by rising energy costs, which account for 15-20% of a telco’s operational expenditures, emphasizing the need for energy efficiency. Moreover, environmental, social, and governance (ESG) reporting is gaining traction among credit-rating agencies and financial analysts, making a standardized metric for assessing sustainability across different geographies and network technologies essential.

In response, GSMAi developed the GNI, which consolidates various factors into a single comprehensive figure to improve comparability across telecom operators and guide companies in their green evolution.

“Tracking progress on mobile network operators’ energy sustainability is critical in driving meaningful change. Our Green Network Index helps operators to achieve that goal by enabling them to make informed decisions that support a greener, more sustainable future,” said Tim Hatt, Head of Research, GSMA Intelligence.

The GNI builds on GSMAi’s previous energy efficiency analysis and expands it into a system-wide index that considers energy and carbon efficiency, renewable energy usage, performance and availability, and vertical enablement.

By actively supporting GSMAi’s sustainability research and initiatives, Globe drives positive change in the telecom industry and strengthens its leadership in green network innovation.

The first round of the GNI Study can be downloaded on GSMAi’s website after registering for a free public account. This can be accessed through the following link:

https://www.gsmaintelligence.com/research/green-networks-index-round-one

To learn more about Globe, visit https://www.globe.com.ph/.

Sustainability at Globe

Globe is a Participant of the United Nations Global Compact and has committed to uphold the Ten Principles in the areas of human rights, labour, environment and anti-corruption. It also supports 10 out of the 17 UN Sustainable Development Goals, with particular focus on SDG 9 – Industry, Innovation and Infrastructure, and SDG 13 – Climate Action. As a Participant in the #RaceToZero campaign of United Nations Framework Convention on Climate Change (UNFCCC), Globe has validated and approved near-term and net-zero science-based greenhouse gas (GHG) emission reduction targets through the Science-Based Targets initiative (SBTi).

Learn more about Globe Sustainability by visiting the Globe Sustainability Website and the Globe Annual Integrated Report.

Follow us on @GlobeIcon on Facebook and @globe_icon on Instagram, and Globe Telecom on LinkedIn.

Email us at: globeofgood@globe.com.ph

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/globe-joins-international-telecom-leaders-in-pioneering-green-network-study-from-gsma-intelligence-302426450.html

SOURCE Globe Telecom, Inc.

Continue Reading

Technology

Pioneering Portable Power: BLUETTI Launches the Premium 200 V2 in Australia

Published

on

By

BLUETTI Premium 200 V2 now available for delivery through Harvey Norman Online, Jaycar, and Sydney Tools.

SYDNEY, April 14, 2025 /PRNewswire/ — BLUETTI (bluetti.com), a technology pioneer in clean energy, today announced the launch of its Premium 200 V2, an energy-dense portable power station with a lifespan of over 17 years, at three Australian retailers, namely Harvey Norman Online, Jaycar, and Sydney Tools. Customers can purchase the new model online at exclusive introductory prices until April 18, 2025.

The Premium 200 V2 represents BLUETTI’s latest innovation in portable power technology, combining compact design with enhanced performance capabilities. It addresses the growing demand for reliable, portable power solutions in both emergency and recreational scenarios.

Compact Design with Robust Performance

The Premium 200 V2 holds 2073.6Wh capacity in a package the size of a small toolbox, 40% more compact than the last generation. Despite its compactness, it delivers 2,700W pure sine wave power to run most devices like coffee makers, fridges, and ovens. In the Powerlifting mode, users can even power high-wattage appliances like water heaters. It’s versatile for applications ranging from home outage backup to remote work sites and outdoor activities.

Industry-Leading Battery Longevity

The use of automotive-grade prismatic LiFePO4 battery makes the generator more compact and long-lasting. These premium battery cells have successfully passed 33 rigorous CNAS automotive battery tests and are rated for over 6,000 charge cycles. This translates to more than 17 years of reliable operation before capacity reduces to 80% of original specifications.

Advanced Charging Technology

The portable power generator incorporates BLUETTI’s proprietary TurboBoost fast-charging technology, enabling rapid recharging from empty to 80% in just 45 minutes. Solar recharging requires only 2.4 hours, while multi-chip protection prevents damage from accidental connection of incompatible solar panels. When paired with a Charger 1 alternator charger, the unit fully recharges during a 4.2-hour drive, six times faster than standard vehicle charging options.

Enhanced Energy Efficiency

Powered by BLUETTI’s unique AI-BMS (Battery Management System), the Premium 200 V2 provides comprehensive protection against electrical risks while delivering superior energy efficiency. Its idle power draw is just 10W, three times lower than industry standards. During low-light solar charging, the system automatically turns off to optimize battery life.

Availability and Pricing

The BLUETTI Premium 200 V2 is now available for purchase and delivery at Harvey Norman Online, Jaycar, and Sydney Tools. To celebrate this launch, we’re offering an exclusive Easter Power Deal from April 4 to April 18, 2025—don’t miss out!

BLUETTI in Australia

As a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing green energy storage solutions for both indoor and outdoor use. In Australia, our reliable and innovative products have earned the trust of households, professionals, and off-grid adventurers. Looking ahead, BLUETTI will introduce more new products to the Australian market, including the EP2000 for home energy storage and the Apex 300. For partnership inquiries, please contact Tiger Han at tiger.han@bluetti.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pioneering-portable-power-bluetti-launches-the-premium-200-v2-in-australia-302427136.html

SOURCE BLUETTI

Continue Reading

Trending