Posted On: 2021-05-27
Software type video conferencing acquired the largest revenue share in the video conferencing market of Egypt- 6Wresearch
Egypt Video Conferencing market witnessed a sluggish growth during the period 2017-2019, due to blocking voice and video calls made over VoIP and messaging apps by the government from 2017. However, in 2020, outbreak of global Covid-19 pandemic resulted in the closing of all government, corporate, hospitality, educational, and other institutions as well as restrictions on the movement of the general population of the country. This arose the need for alternative collaboration systems and hence, with the ease of government’s rules to block voice and video calls, along with a rising shift towards e-learning and work from home culture, demand for video conferencing solutions increased substantially in 2020,
According to 6Wresearch, Egypt Video Conferencing Market revenue size is projected to grow at a CAGR of 10.8% during 2021-2027F. Government initiatives such as the Digital School, Digital library, and Egypt Vision 2030, which focus on urbanization and digital healthcare transformation, rising cloud adoption, increasing internet penetration, and public-private partnerships and associations, would provide huge opportunities for the deployment of video conferencing solutions in Egypt during the forecast period. Global video conferencing giants such as Cisco Systems, Plantronics Inc., Zoom Video Communications, etc., are working on several latest technologies for making high-end video conferencing solutions with enhanced technology and innovation. Thus, the increasing office construction projects along with government initiatives for improving data center infrastructure, e-education, and telehealth sectors would bode well for the Egypt Video Conferencing market.
According to Mansi Bisht, Senior Research Analyst, 6Wresearch, ““In terms of video conferencing types, software video conferencing has emerged as a major market revenue shareholder in Egypt video conferencing market in 2020 due to rapid shift towards cloud-based video conferencing solutions on account of rising telehealth and e-learning platforms. Additionally, establishment of new data centres by companies such as Telecom Egypt, ECC Solutions, Link, Egypt Network, Raya, Etisalat, among others by 2021, would boost the deployment of cloud-based video conferencing solutions across the country in the upcoming years.”
According to Bhawna Singh, Research Associate, 6Wresearch, “Among sectors, corporate sector emerged as the dominant revenue share contributor in Egypt Video Conferencing market for the year 2020 and segment is projected to lead the market during the forecast period as well, attributed to free cloud applications for companies by several public-private partnership companies and forthcoming office developmental projects in the country. A rapid shift towards remote working would catalyse the growth of the video conferencing market in Egypt during the forecast period.”
“Among regions, Nile Valley and the Delta acquired the largest revenue share in Egypt video conferencing market in the year 2020 and this trend is likely to continue during the forecast period due to maximum population of Egypt living in this region with major cities like Cairo, Alexandria, Giza where Telecom Egypt has been testing 5G and constructing a 5G network across Egypt since mid-2019.” Bhawna further added.
Some of the major companies in the Egypt Video Conferencing market include Plantronics, Inc., Microsoft Corp., Cisco Systems Inc., Logitech International S.A., and Zoom Video Communications Inc.
“Egypt Video Conferencing Market (2021-2027F)” report provides an in-depth analysis with 24 figures and 08 tables, covered in 84 pages. The report estimates and forecasts the Egypt Video Conferencing market by types, sectors, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.