Posted On: 2021-07-16
Corporate sector acquired the largest market revenue share among all the sectors in the overall Pakistan video conferencing market for the year 2020 – 6Wresearch
Pakistan video conferencing market has witness tremendous growth due to rapid transformation in telecom and digital sector, rising secure servers and growing data centers in the country. Telecom sector has emerged as a prominent contributor to Pakistan’s video conferencing market. According to Pakistan Telecommunication Authority, the sector contributed $3.7 Billion in 2020 as compared to $1.6 Billion in 2019 and hence recorded a growth of 129% in 2020. Additionally, upcoming investment by China in data centers of Pakistan would speed up the digital transformation of the country, which would further help in adoption of video conferencing solutions throughout the country over the coming years.
According to 6Wresearch, Pakistan Video Conferencing Market size is projected to grow at a CAGR of 11.9% during 2021-27. Pakistan’s video conferencing market is in the initial growth stage of industry life cycle as remote working, distant learning and digital healthcare is a trend which has recently emerged in Pakistan due to Covid-19 and has made its citizens realize the importance of video conferencing solutions. Further, increasing reliance on video conferencing solutions for work as well as entertainment purposes amid lockdown and social distancing has given a tremendous boost to the video conferencing market in Pakistan.
According to Eshita Goel, Research Analyst, 6Wresearch, “Among all sectors, Corporate sector holds the majority of share in the year 2020 and the same trend is expected to prevail in the years to come owing to the recent surge in work from culture in the wake of global pandemic. Further, even after Covid-19, a hybrid of work in office and remote working culture is expected to prevail which would augment the growth of video conferencing market in Pakistan through corporate sector in forecast period.”
“Although, health sector recorded the fastest growth in forecast period owing to rising “doctors on call” demand culture in the country due to Covid-19. Many physicians and private hospitals began offering consultations electronically using videoconferencing services amid lockdown. Additionally, Huawei Pakistan has donated a video conference system worth approximately $300,000 to the Ministry of National Health Services, Regulations and Coordination of Pakistan to help the country fight against COVID-19, which contributed to the market growth in country. Moreover, rising e-health startups would further contribute towards this growing culture even after pandemic in the near future.”, Eshita further added.
Some of the major companies in Pakistan video conferencing market include Plantronics Inc., Cisco Systems, Zoom Cloud Meetings Google LLC, Logitech and Microsoft Corporation.
“Pakistan video conferencing market (2020-2026)” report provides an in-depth analysis with 26 figures and 8 tables, covered in 82 pages. The report estimates and forecast the overall Pakistan video conferencing market by types, by sectors and by 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.