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South Korea Video Conferencing Hardware Market Rings Up Growth: $51 Million Melody Expected by 2028: Ken Research

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GURUGRAM, India, Feb. 21, 2024 /PRNewswire/ — South Korea video conferencing hardware market is humming with activity, expected to reach a harmonious $51 million crescendo by 2028, resonating with a robust CAGR of 3.8%. Ken Research’s ‘South Korea Video Conferencing Hardware Market Outlook 2028′ report delivers an in-depth look at this vibrant landscape, analyzing its key drivers, challenges, and promising future. This press release highlights the key notes of this dynamic market. 

Market Symphony: A Harmonious Blend of Factors 

Beyond facilitating communication, video conferencing hardware plays a crucial role in empowering remote work, boosting educational accessibility, and fostering global collaboration. In 2017, the market reached a size of $34 million, and it’s poised for continued growth, fueled by: 

Rising ICT Spending: Increasing investments in information and communication technology across diverse sectors like education, healthcare, and IT/BPM drive demand for high-quality video conferencing solutions. Growing Enterprise Adoption: Businesses recognize the benefits of video conferencing for remote meetings, training, and client interactions, leading to widespread adoption. Government Initiatives: Supportive policies promoting e-learning and digital transformation further stimulate market growth. Enhanced User Experience: Continuous advancements in hardware technology deliver improved audio and video quality, user-friendly interfaces, and seamless integrations, increasing user satisfaction. Affordable Solutions: Competitive market dynamics are leading to more affordable hardware options, making video conferencing accessible to a wider range of users and organizations. 

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Market Segments: Diverse Voices in the Chorus 

The report delves into the various segments of the South Korean video conferencing hardware market, offering a comprehensive view: 

Endpoint Type: Endpoints remain the dominant segment (70%), followed by infrastructure like servers and management systems (30%). End User: Corporate offices have the largest share (50%), followed by government and public sector entities (30%) and educational institutions (20%). Technology: IP-based video conferencing holds the majority share (90%), with traditional ISDN-based systems declining due to their limitations. 

Competitive Landscape: A Stage for Global and Local Players 

The market features a mix of established global players and innovative local companies: 

Global Powerhouses: Cisco, Polycom, and Logitech lead the pack with their extensive product portfolios and brand recognition. Local Stars: Korean players like Hanwha Techwin and LG Electronics are gaining traction with their competitive offerings and localized support. New Entrants: Emerging startups are introducing innovative solutions, particularly in mobile and cloud-based video conferencing, adding to the competitive mix. 

Challenges: Tuning the Notes of the Market 

Despite the positive outlook, some challenges need to be addressed: 

Limited Bandwidth: In certain areas, limited internet bandwidth can hinder the adoption of high-definition video conferencing. Security Concerns: Ensuring data security and privacy remains a crucial concern for users, requiring robust security measures from vendors. Lack of Awareness: Raising awareness about the benefits of video conferencing, particularly among smaller businesses and institutions, is necessary for wider adoption. Price Sensitivity: Price remains a key factor for many buyers, requiring vendors to offer cost-effective solutions without compromising on quality. 

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Future Outlook: A Harmonious Collaboration for Growth 

The South Korean video conferencing hardware market is poised for continued growth, driven by several exciting factors: 

Focus on Collaboration & Mobility: Increased demand for collaborative tools and solutions optimized for mobile devices will create new opportunities for market expansion. Cloud-Based Solutions: Growing adoption of cloud-based video conferencing solutions will offer flexibility, scalability, and cost-effectiveness, attracting new users. Integration with AI & IoT: Integration with artificial intelligence and internet of things technologies will enhance user experience and functionality, driving innovation. Focus on Emerging Technologies: Continued advancements in augmented reality and virtual reality technologies hold potential for revolutionizing video conferencing experiences in the future. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the South Korean video conferencing hardware market, including: 

Hardware Vendors: Focus on developing innovative, user-friendly, and secure solutions at competitive price points. System Integrators: Offer customized solutions and integration services to meet the specific needs of businesses and organizations. Solution Providers: Partner with hardware vendors and integrators to provide comprehensive video conferencing solutions for end users. Policymakers: Implement policies that promote the adoption of video conferencing technologies and address concerns like data security and bandwidth limitations. 

Conclusion 

Remember, the future of the South Korean video conferencing hardware market is not just about technology, but about fostering collaboration, communication, and human connection across geographical and cultural boundaries. By working together, stakeholders can ensure that this market plays a harmonious role in shaping a more connected and productive future for South Korea and beyond.

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Taxonomy

South Korea Video Conferencing Hardware Market Segmentation

By Hardware Type

EndpointsInfrastructure

By Endpoints

MonitorUSB CameraCODEC

By USB Camera

Small/medium roomBig size room

By End-user

EngineeringITGovernmentAcademiaFinancialHealthcareHospitalityOthers

By Region

SeoulBusanDaejeonOthers

For More Insights On Market Intelligence, Refer To The Link Below: –

South Korea Video Conferencing Hardware Market

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Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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Unisys Transfers Approximately $200 Million of Its U.S. Defined Benefit Pension Obligations to New York Life Through the Purchase of a Group Annuity Contract

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Consistent with Unisys’ capital structure and pension strategy, this agreement reduces pension liabilities and lowers the future cost of fully removing its U.S. pension obligations

BLUE BELL, Pa., Sept. 16, 2026 /PRNewswire/ — Unisys (NYSE: UIS) today announced it closed an agreement with New York Life Insurance Company (“New York Life”) to purchase a group annuity contract totaling approximately $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the Company’s U.S. qualified pension plans to New York Life.

As outlined in Unisys’ July 2025 Capital Structure and Pension Strategy investor presentation, the Company targeted a $600 million reduction of U.S. qualified defined benefit pension plan liabilities. This latest annuity purchase transaction brings the cumulative reduction to approximately $520 million since July 2025. The Company anticipates completing one additional settlement by January 2027, which would bring the reduction in U.S. liabilities closer to achieving the target.

As part of the transfer, New York Life will assume responsibility for providing pension benefits for approximately 1,700 retirees and beneficiaries with monthly benefits lower than certain thresholds. There will be no changes to the gross amount, timing, or form of the monthly pension benefit payments, backed by New York Life’s financial strength and long-term commitment to policy owners.

Unisys anticipates that this action will result in a third-quarter 2026 one-time, non-cash, pre-tax settlement charge of approximately $150 million. Since the purchase will be made by the pension trust, there will be no impact on the Company’s cash position.

About Unisys

Unisys is a global technology solutions company that powers breakthroughs for the world’s leading organizations. Our solutions – cloud, AI, digital workplace, applications and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what’s possible for more than 150 years, visit unisys.com and follow us on LinkedIn.

About New York Life

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest1 mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, disability income insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.2

1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/3/2026. For methodology, please see https://fortune.com/company/new-york-life-insurance/.
2Individual independent rating agency commentary as of 10/28/2025: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aa1), Standard & Poor’s (AA+).

Forward-Looking Statements

Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond Unisys’ ability to control or estimate precisely and are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Forward-looking statements in this release include the impact on the U.S. pension. Additional information and factors that could cause actual results to differ materially from Unisys’ expectations are contained in Unisys’ filings with the U.S. Securities and Exchange Commission (SEC), including Unisys’ Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. Information included in this release is representative as of the date of this release only and while Unisys periodically reassesses material trends and uncertainties affecting Unisys’ results of operations and financial condition in connection with its preparation of management’s discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, Unisys does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.

RELEASE NO.: 0916/10070

Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.

UIS-C

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SOURCE Unisys Corporation

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TE Connectivity declares quarterly dividend

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GALWAY, Ireland, Sept. 16, 2026 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) announced today that its board of directors declared a regular quarterly cash dividend of $0.78 per ordinary share, payable on December 11, 2026, to shareholders of record at the close of business on November 20, 2026.

About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram

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SOURCE TE Connectivity plc

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Brightstar Lottery Showcases Innovative Lottery Solutions at NASPL 2026

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LONDON, Sept. 16, 2026 /PRNewswire/ — Brightstar Lottery PLC (NYSE: BRSL) (“Brightstar”) announced today that it will spotlight its comprehensive portfolio of lottery solutions at the North American Association of State and Provincial Lotteries (“NASPL”) 2026 annual conference, from Sept. 21 – 24, in Orlando, Florida. Brightstar’s team of lottery experts will highlight solutions across content, retail performance, intelligent operations, and player experience designed to help lotteries drive growth and engage players.

“We are excited to connect with lottery leaders at NASPL 2026 and demonstrate how Brightstar’s solutions innovations and investment in transformation are designed to meet the evolving needs of lotteries that are operating in an environment of rapid technology advancements and new competitive threats,” said Marco Tasso, Brightstar Executive Vice President and Chief Operating Officer Global Lottery. “As lotteries look for new ways to drive growth, improve performance, and engage players in this dynamic marketplace, we remain focused on delivering technology, expertise, and insights intended to support those objectives while generating sustainable results and long-term value for the communities they serve.”

NASPL attendees who explore Brightstar’s booth can experience a variety of engaging new products and services including:

Explore Games for All Experiences: Brightstar will spotlight its growing portfolio of omnichannel content and digital engagement solutions that offer players a variety of ways to play across retail and digital channels. Featured in the booth will be Brightstar’s portfolio of iconic licensed brands, including Wheel of Fortune, Ghostbusters™, and Rubik’s™, all available as omnichannel game offerings, as well as its partnership with iHeartRadio, which provides lotteries with extensive media reach and player engagement opportunities. Brightstar will feature Infinity Instants Frame™, a flexible platform that leverages infinity technology to create unique ticket designs across a variety of game types. Attendees can explore Brightstar’s latest patented draw game, WinMode™, alongside eInstant games engaging players across North America, including top-performing titles, new releases, and innovative features designed to support player engagement and portfolio growth.Drive Retail Growth: Showcased in this area of Brightstar’s booth are products and services designed to help lotteries and retailers remove barriers, simplify retail operations, enhance efficiency, and create more seamless experiences for retailers and players alike. Featured solutions include Retailer Lens, a versatile new device for ticket, barcode, QR code, and mobile content scanning; and Brightstar’s latest retailer terminals, Retailer Pro S2 and Retailer To Go S2. Brightstar will showcase how LotteryLink™, the compact solution that enables instant ticket and draw-game sales directly through a retailer’s point of sale environment, is actively supporting lottery retailers in the marketplace. Visitors can also learn how Brightstar is helping lotteries modernize retail operations through innovations such as predictive maintenance, remote visual assistance, and artificial intelligence (AI)-powered tools designed to help sales and field service teams to operate more effectively and efficiently.Accelerate Insights: Brightstar will demonstrate how AI, advanced analytics, and automation can help lottery teams work more effectively, uncover insights, strengthen player engagement, and improve operational efficiency. The area will also showcase how player feedback can complement traditional performance metrics to provide a more complete understanding of player preferences and behaviors. Demonstrations will include Brightstar’s Agentic Reporting Assistant, designed to facilitate interaction with lottery data; and Game Planner, an AI-assisted solution designed to simplify and enhance instant-game planning and forecasting. Attendees can also explore innovations across player marketing, game recommendations, bonus optimization, player segmentation, and business intelligence.Elevate Every Play: Brightstar will showcase innovative retail and digital solutions designed to help lotteries connect with players in new ways while delivering more personalized and convenient experiences across every touchpoint. Highlights include the GameFlex 48 vending machine, now providing players with access to 48 instant and draw games in lottery retail environments, and GameTouch Draw S2 with eInstants, which brings eInstant games into the retail environment. Attendees can also experience the SignaLink Player Experience and Connected Play solutions that help bridge retail and digital channels through features such as mobile-enabled game discovery, self-service claims, and paperless instant ticket concepts.

Brightstar leaders will also participate in several NASPL panel discussions including:

Wednesday, September 23Nathanael Worley, Brightstar Vice President, North American Sales Development, will participate in the “Product Management and Game Development” panel for a discussion on the trends, innovations and player expectations influencing the next generation of lottery products.Thursday, September 24Marco Tasso, Brightstar Executive Vice President and Chief Operating Officer of Global Lottery, will participate in the Premiere Member Panel to discuss the trends transforming lottery today and how lotteries can adapt, innovate and thrive in a changing market.Michelle Carney, Brightstar Vice President, Global Lottery Marketing, will deliver Brightstar’s Premier Partner Presentation on how lotteries can stay relevant, competitive and connected to the next generation of players.Jesse Saccoccio, Brightstar Senior Director, Lottery Product Management, will participate in the “Self-Checkout and Digital Lottery at Retail Blends” panel to share insights into the growing convergence of retail and digital play in a changing lottery industry.

About Brightstar Lottery PLC
Brightstar Lottery PLC (NYSE: BRSL) is a global leader in lottery focused on innovation and forward-thinking strategies and solutions, building on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, entertain players and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar serves nearly 90 lottery customers and their players on six continents. It is the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. and eight of the world’s 10 largest lotteries with central systems. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com or follow along on LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, financial condition, business opportunities, market developments, strategic initiatives, or otherwise, based on the current beliefs of the management of the Company, as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of those words or comparable terminology. Specifically, statements regarding the anticipated benefits, capabilities, performance, functionality, customer adoption, commercialization, market acceptance, growth potential, operational efficiencies, business opportunities, or future development of the Company’s products, technologies, digital initiatives, artificial intelligence solutions, and other offerings highlighted at NASPL 2026 are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions as of the date of this news release and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control, that could cause actual results, performance or developments to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, among others, the Company’s ability to successfully develop, enhance, deploy, market and commercialize its products, technologies and services; customer acceptance and adoption of new products, services and technologies; the ability to convert customer interest, demonstrations, pilot initiatives or business discussions into commercial opportunities or contracts; the timing and success of product launches, implementations and deployments; the performance and reliability of the Company’s products and technologies; developments relating to artificial intelligence technologies and their use, regulation and adoption; competitive pressures; technological changes; cybersecurity and data privacy risks; changes in laws, regulations and governmental policies affecting the lottery industry; macroeconomic, political and regulatory uncertainty, including as a result of tariffs, trade restrictions and geopolitical events; fluctuations in foreign currency exchange rates; and other risks and uncertainties described under “Risk Factors” in the Company’s most recent Annual Report on Form 20-F and in subsequent reports filed or furnished to the U.S. Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.brightstarlottery.com. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. Accordingly, readers should not place undue reliance on such statements. The forward-looking statements contained in this news release speak only as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Contact:
Mike DeAngelis, Corporate Communications, +1 (401) 392-1000, mike.deangelis@brightstarlottery.com
Matteo Selva, Italian media inquiries, +39 366 6803635 
James Hurley, Investor Relations, +1 (401) 392-7190

RUBIK’S TM & © Spin Master Toys UK Limited, used under license. All rights reserved.

Ghostbusters TM & © 2026 Columbia Pictures Industries, Inc. All Rights Reserved.

©2026 Califon Productions, Inc. All Rights Reserved.

© 2026 Brightstar Lottery PLC

The trademarks and/or service marks used herein are either trademarks or registered trademarks of Brightstar Lottery PLC, its affiliates or its licensors.

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SOURCE Brightstar Lottery PLC

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