Desktop acquired the largest market revenue share in the Asia Pacific Video Conferencing Market market – 6Wresearch
Asia Pacific region is witnessing sound digital growth mainly driven by the transition of the corporate sector towards globalization and digitalisation from the past decade. Further, the technical advancements in the IT industry has triggered the Asia Pacific video conferencing market growth. The growing trend of work from home due to the outbreak of the COVID-19 pandemic in 2020, which resulted in a nationwide lockdown, coupled with cost-saving options provided by the video conferencing, further propelled the market growth in 2021. Moreover, the government initiative in the region towards digitalisation coupled with continuous efforts of the concerned ministry would assist the market growth in the coming years backed by continuous instigation of adoption of virtual conferencing models by various sectors across the country including education, healthcare and corporate, which are leading the Asia Pacific video conferencing market at present. Further, more effective and faster collaboration along with ease of discussion of important points and parameters offered by the video conferencing platform is anticipated to assist the growth of the video conferencing market in Asia Pacific in the near future.
According to 6Wresearch, Asia Pacific Video Conferencing market size is projected to grow at CAGR of 8.9% during 2022-28. Asia Pacific Video Conferencing market is expected to register spurring growth in future owing to more effective and faster collaboration along with ease of discussion of important points and parameters offered by the video conferencing platform is anticipated to assist the growth of the video conferencing market in Asia Pacific in the near future.
According to Eshita Goel, Assistant Manager, 6Wresearch, “By types, desktop garnered the maximum revenue share in Asia Pacific video conferencing market in 2021 owing to an increase in growth in remote working and expansion of e-learning in the country as a result of Covid-19 crisis. As per the reports, shipment of desktop in consumer segment in the region was up in 2020 with growth of 27.8% YoY owing to pandemic restrictions. The segment would further grow in the coming years on account of increasing government investments in teleconsultation, telemonitoring and other telemedicine services in the healthcare sector.”
According to Srajan Yadav, Research Analyst, 6Wresearch, “By region, Japan accounted for the highest share in revenue for the year 2021 as it is a developed country with most technological advancement. Further, in 2020, due to the spread of pandemic, country witnessed a rapid digitalisation into education, healthcare and corporate sector. By 2030, Japan is planning to implement an artificial-intelligence enabled industries, digital healthcare sector at a scale for elderly population and streamline banking systems which would boost the demand for the video conferencing market in forecast period.”
“Asia Pacific Video Conferencing market (2022-2028)” report provides an in-depth analysis with 91 figures and 25 tables, covered in 152 pages. The report estimates and forecast the overall Asia Pacific video conferencing market by types, sectors, and 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.