Posted On: 2020-06-10
Hardware video conferencing acquired the largest revenue share in the overall South Africa video conferencing market in 2019 – 6Wresearch
South Africa video conferencing market is anticipated to witness significant growth during the forecast period. The rapid development in the communication infrastructure along with the advancement in the connectivity solutions has a positive impact on the digital economy of South Africa leading to the increasing growth of the South Africa video conferencing market in 2019. Further, the construction of data centers in the country by big giants such as Amazon Web Services and Netskope would help to increase the demand for video conferencing solutions in the country during the forecast period.
According to 6Wresearch, South Africa Video conferencing Market size is projected to grow at a CAGR of 5.3% during 2020-2026. Expansion of Wi-Fi initiatives by Google and BRCK in the country would drive the growth of the video conferencing market in the forecast period. Further, the introduction of 4G and 5G networks in South Africa would be a significant reason behind the increasing demand for video conferencing solutions in the coming years.
According to Akshay Thakur, Senior Research Analyst, Research and Consulting, 6Wresearch, “By sectors, the corporate sector accounted for maximum revenue share in the overall South Africa video conferencing market on account of better connectivity and internet facilities being introduced in the country which would promote work from home and online meetings leading to less expenditure on traveling and accommodation. Moreover, the sector is also expected to witness the highest growth during the forecast period owing to the construction of several data centers.
According to Sarthak Bansal, Research Analyst, Research and Consulting, 6Wresearch, “By regions, Gauteng region acquired the maximum revenue share in the video conferencing market. However, the government of South Africa is expected to invest around ZAR13 Billion at KwaZulu Natal province for infrastructural development which would create new areas of application for video conferencing solutions in the years to come.
Some of the major companies in the South Africa video conferencing market include Cisco, Huawei Technologies, Plantronics, and Crestron Electronics.
"South Africa Video Conferencing market (2020-2026)" provides an in-depth analysis with 16 figures covered in 75 pages. The report estimates and forecasts the overall South Africa video conferencing market by hardware types, software types, services types, sectors, and regions. The report provides an unbiased and detailed analysis of the South Africa video conferencing market on-going trends, outlook, 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.