Market Forecast By Types (Hardware (Telepresence, Integrated, Desktop), Software (On-Premise, Cloud), Services (Managed, Professional)), By Sectors (Corporate, Education, Healthcare, Government & Other (Legal Services, Financial Services, Hospitality)), By Regions (Northern Region, Central Region, Southern Region) And Competitive Landscape
According to 6Wresearch, Pakistan Video Conferencing Market size is projected to grow at CAGR of 11.9% during 2021-27. Pakistan has witnessed substantial demand for video conferencing as a result of the outbreak of COVID-19. Due to the imposition of nationwide lockdown in the country to suppress the spread of the Coronavirus, the majority of the companies adopted work from home policy, which resulted in an upsurge of the market value for video conferencing solutions as companies rely on such platforms to uphold timely meetings and conferences with employees at the ease of their homes. According to the Pakistan Telecom Authority, traffic of video conferencing outlets increased five times during lockdown. Data shows that from only 4,149 users on Feb 26, 2020, Zoom’s desktop usage surged to 84,469 users on April 8, 2020.
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.
For Latest Press Release : https://www.6wresearch.com/press-release/pakistan-video-conferencing-market-size-is-projected-to-grow-at-a-cagr-of-119-during-2021-2027
Market Analysis by Type
Based on type, hardware segment has captured the highest revenue share in the overall market revenues in 2020.
Key Highlights of the Report
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