Dublin, Dec. 03, 2021 (GLOBE NEWSWIRE) -- The "South Africa Video Conferencing Market (2021-27): Market Forecast by Types, by Hardware Types, by?Software Types,?by Services Types,?by Sectors,?by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The report thoroughly covers market by types, sectors, and regions. The market report provides an unbiased and detailed analysis of the on-going market 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.
South Africa Video Conferencing Market Synopsis
The South African Video Conferencing Market is expected to witness robust growth in the coming years owing to increased involvement of several sectors of the country towards video interaction, which has turned out to be an effective and efficient tool for real-time communication. Further, technological innovations and rising number of start-ups and SMEs who are adopting videoconferencing for their functioning in the country are expected to trigger the video conferencing market growth in the near future.
The market is further expected to be driven by the digital transformation initiatives of the government under Saudi Vision 2030. These initiatives include providing a robust digital infrastructure to the citizens like 37 5G stations were put in place in the 2019 Hajj season making South Africa reach the 3rd rank globally in 5G network deployment, 'Digital Nation' initiative was launched to digitally transform the way citizens interact with the government authorities and many more.
The South Africa Video Conferencing Market size is projected to grow at CAGR of 13.5% during 2021-27.
The video conferencing market and primarily the software industry have highly benefitted from the outbreak of Covid-19 pandemic since due to the imposition of nationwide lockdown in the country to contain the spread of the Coronavirus, majority of the companies adopted work from home strategies, which has grown the market value for video conferencing solutions as companies rely on video conferencing platforms to uphold timely meetings and conferences with employees at the ease of their homes. Government initiatives to boost the ICT sector of South Africa to turn the country into a knowledge-based economy would also have a positive impact on the video conferencing market.
Market Analysis by Type
By types, the Hardware and Software segment together comprise of a cumulative market share of around 75% in the overall market revenues in 2020. Software segment is anticipated to register the fastest growth in the forecast period owing to its user-friendly and cost-effective nature.
Further, by sectors, the corporate sector accounted for the highest share in the overall video conferencing market for the year 2020 due to increasing adoption by companies for remote working.
Key Attractiveness of the Report:
COVID-19 Impact on the Market
10 Years Market Numbers
Historical Data Starting from 2017 to 2020
Base Year: 2020
Forecast Data until 2027
Key Performance Indicators Impacting the Market
Major Upcoming Developments and Projects
Key Highlights of the Report:
South Africa Video Conferencing Market Overview
South Africa Video Conferencing Market Outlook
South Africa Video Conferencing Market Forecast
Historical Data and Forecast of South Africa Video Conferencing Market Revenues for the Period 2017-2027.
Historical Market Data and Forecast of Revenues, by Types for the Period 2017-2027.
Historical Market Data and Forecast of Revenues, by Hardware for the Period 2017-2027.
Historical Market Data and Forecasts of Revenues, by Software, for the Period 2017-2027.
Historical Market Data and Forecasts of Revenues, by Services, for the Period 2017-2027.
Historical Market Data and Forecasts of Revenues, by Sectors, for the Period 2017-2027.
Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
Market Drivers and Restraints
South Africa Video Conferencing Market Trends
Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
South Africa Video Conferencing Market Share, By Companies
Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Western Cape Province
Kwazulu Natal Province
Eastern Cape Province
Northern West Province
Northern Cape Province
Free State Province
Avaya Holdings Corp.
Blue Jeans Network, Inc.
Cisco Systems, INC.
Crestron Electronics, Inc.
Huawei Technologies Co., Ltd.
Logitech International S.A.
Zoom Video Communications, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/acx29y
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