Posted On: 2021-07-16
The western region of Turkey is anticipated to grow at the fastest pace in the overall Turkey video conferencing market during the forecast period – 6Wresearch.
Organizations across Turkey are widely replacing traditional methods of collaboration by video conferencing solutions. The digital transformation initiatives of the government of Turkey to introduce 5G network by 2022, is also expected to drive the video conferencing market in the forecast period. Development projects like Istanbul financial sector would lead to an increase in office spaces and thus, the number of meeting rooms, gradually leading to the growth in video conferencing market of Turkey.
According to 6Wresearch, Turkey Video Conferencing Market size is expected to grow at a CAGR of 11.6% during 2021-27. The outbreak of Covid-19 pandemic had a positive impact on the video conferencing market of Turkey as mostly businesses shifted to virtual forms of communication for their business continuity. The government of Turkey also made huge investments in the e-learning sector so that learning would continue even during the pandemic. However, a decline in hardware sector revenues was witnessed in the beginning of 2021 due to slowdown in the production process and supply chain disruptions on the back of the prolonged lockdown. However, according to experts, the market is anticipated to show signs of recovery by end of 2021 and register growth in the forecast period.
According to Mansi Bisht, Senior Research Analyst, Research and Consulting, 6Wresearch, “By types, the software segment of the Turkey video conferencing market acquired the highest share in 2020 and is expected to continue to dominate the market in the forecast period on the back of an increasing number of start-ups and SMEs adopting cloud-based technologies. Government initiatives to increase the number of companies accessing cloud platforms is further anticipated to drive the segment in the forecast period. Additionally, the hardware segment of the video conferencing market is also anticipated to register growth due to the rising popularity of desktops among Turkish people.”
According to Avantika Jain, Research Associate, Research and Consulting, 6Wresearch, “The western region of Turkey accounted for the highest share in the Turkey video conferencing market and is expected to showcase the fastest growth since it is a commercial hub and one of the most developed regions of Turkey. Many upcoming office buildings like Imar Plaza, 2050 World Trade Center, DPC Tower and more are expected to further develop the region and augment the growth in the Turkey video conferencing market. The central region of Turkey holds the second largest share in the market and is expected to register significant growth in the forecast period as well.”
Some of the major companies in the Turkey video conferencing market include Cisco Systems Inc., Plantronics Inc., and Logitech International S.A.
“Turkey video conferencing market (2021-2027)” provides an in-depth analysis with 23 figures and 9 tables covered in 82 pages. The Turkey video conferencing market report comprehensively covers the market by types, sectors, and regions. The Turkey video conferencing market outlook report provides an unbiased and detailed analysis of the Turkey video conferencing market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.