Nigeria accounted for highest market revenue share among other countries in the overall West and Central Africa video conferencing market – 6Wresearch.
West and Central Africa video conferencing market is anticipated to grow during the forecast period owing to rising digitalisation and internet penetration along with increased foreign direct investment in the region. Rapidly developing construction and real estate sectors in many countries across the region would lead to an increase in number of offices, and hence meeting rooms, which would drive market growth in the forecast period.
According to 6Wresearch, the West And Central Africa Video Conferencing Market size is expected to grow at a CAGR of 8.5% during 2021-2027. Video conferencing market of West and Central Africa region is currently at the growth stage of its industry life cycle. However, as many countries in West and Central Africa region are rapid growing economies, it is anticipated that the market would register significant growth in the coming years. Furthermore, a growing corporate sector with increased foreign investments would also augment the growth of hardware segment of the video conferencing market in the forecast period. Video conferencing market of Ivory Coast is anticipated to grow significantly in the forecast period on the back of government efforts to develop the private sector of the country along with promotion of digitalization to enable access to faster internet connectivity. The outbreak of Covid-19 pandemic acted as a catalyst for growth of video conferencing market in West and Central Africa as most organisations, schools, government institutions, healthcare services and more resorted to video conferencing for continuity of their daily activities which led to an increase in demand for video conferencing hardware. Furthermore, an increase in remote working culture increased the demand for video conferencing hardware and further drove the growth of market revenues in 2020.
According to Eshita Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, “On the basis of types, desktop segment acquired highest revenue share in 2020 due to a sudden rise in work from home and requirement for portable devices due to the imposition of social distancing norms to help reduce spread of Covid-19 virus. The segment is anticipated to register fastest growth in the forecast period on the back of updating technologies and innovation in the area like improved picture quality, face recognition, artificial intelligence and more.”
According to Avantika Jain, Research Analyst, Research and Consulting, 6Wresearch, “On the basis of sectors, corporate sector accounted for maximum revenue share in 2020 on the back of increase in construction of offices in the region, leading to an increase in meeting rooms. Growing foreign direct investment in commercial sector of West and Central Africa region is expected to drive the growth of video conferencing market in the coming years.”
Some of the major companies in the West and Central Africa video conferencing market include Cisco Systems, Inc., Plantronics, Inc., Avaya Holdings Corp, Microsoft Corp and more.
“West and Central Africa video conferencing market (2021-2027)” report provides an in-depth analysis with 48 figures and 9 tables, covered in 104 pages. The report estimates and forecast the overall West and Central Africa video conferencing market by types, by sectors and by countries. 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.
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