Posted On: 2021-07-16
Hardware type acquired the largest revenue share in the video conferencing market of South Africa in 2020- 6Wresearch
South Africa Video Conferencing market witnessed significant growth during the period 2017-2020, majorly due to the outbreak of coronavirus in 2020 which resulted in the nationwide lockdown leading to the closure of all business activities and restriction on movement of people of the country. Due to this, most of the organizations shifted towards remote working, and thus, virtual meetings became necessary for communications among stakeholders sitting at different locations, thereby contributing to the growing demand for video conferencing solutions in the country.
According to 6Wresearch, the South Africa Video Conferencing Market revenue size is projected to grow at a CAGR of 11.8% during 2021-27F. Government initiatives such as Project Thobela and National Development Plan 2030 (NDP) which emphasize on development of ICT and broadband infrastructure, along with rising shift towards telehealth, and increasing digital health initiatives in accordance to South Africa National Digital Health strategy 2019-24, public-private partnerships & collaborations, rising adoption of cloud-based solutions, and rising internet penetration, would provide huge opportunities for the deployment of video conferencing solutions in South Africa in the coming years. International video conferencing giants such as Logitech International S.A., Cisco Systems, Plantronics Inc., Lifesize, etc., are working on several state-of-the-art technologies for making high-end video conferencing solutions with improved technology and innovation. Additionally, the increasing office construction projects along with the introduction of 5G services by MTN, Rain, and Huawei, and expansion of Wi-Fi initiatives by Glencore in the country would bode well for the South Africa Video Conferencing market.
According to Mansi Bisht, Senior Research Analyst, 6Wresearch, “In terms of video conferencing types, hardware video conferencing has emerged as a major market revenue shareholder in South Africa video conferencing market in 2020 on account of the emergence of the Internet of Things (IoT) in the country, which has allowed for the rapid incorporation of hardware into cloud-based software solutions. Additionally, rising innovation in the web cameras and microphones technology and substantial rise in work from home practices would act as a catalyst in spurring the growth of hardware video conferencing solutions."
According to Bhawna Singh, Research Associate, 6Wresearch, “On the basis of sectors, corporate sector emerged as the leading revenue share contributor in South Africa Video Conferencing market for 2020. The sector is projected to dominate the market during the upcoming years as well, attributed to free video conferencing services to businesses by private companies which used to offer paid services before Covid-19 and a major shift towards work from home and online meeting & collaboration platforms for office communications, majorly post Covid-19 outbreak.”
“Among regions, Gauteng province acquired the largest revenue share in South Africa video conferencing market in 2020 and this trend is likely to endure during the forecast period due to maximum office stock supply in the city of Johannesburg and increasing outlook of deployment of cloud-based video conferencing solutions owing to upcoming data center facilities in region by big tech giants such as Dimension Data and Teraco.” Bhawna further added.
Some of the major companies in the South Africa Video Conferencing market include Cisco Systems Inc., Plantronics, Inc., Microsoft Corp., Zoom Video Communications Inc., and Logitech International S.A.
“South Africa Video Conferencing Market (2021-2027F)” report provides an in-depth analysis with 21 figures and 08 tables, covered in 84 pages. The report estimates and forecasts the South Africa Video Conferencing market by types, sectors, and 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.