GIA announces the release of a comprehensive global report on Video Conferencing market. The global market for Video Conferencing is projected to reach US$14 billion by the year 2017, primarily driven by factors such as increase in enterprise mobility and subsequent rise in number of mobile workforce, growing prominence of telepresence and increasing adoption among small and medium sized businesses. Emergence of new application areas and robust demand from developing markets, particularly Asia-Pacific, also augur well for the market.
San Jose, CA (PRWEB) November 09, 2011
Long-term trends poised to influence the video conferencing market include increasing use of telepresence, and the anticipated increased interoperability between different network and video products. Clients are becoming more aware of the impact that telepresence can have on performance and enterprise communication infrastructure, and are looking for a greater return on their video investments. With the advancement of enterprise communications, end users have increased the expectations from telepresence solutions to not only provide seamless operations with their existing enterprise communications and video systems, but also interlace with other visual solutions much beyond the corporate boundaries.
Following the decline in sales during 2008 & 2009, primarily due to the economic recession, the global video conferencing market staged an encouraging comeback in the year 2010. Huge pent-up demand for cost and productivity optimizing solutions and resurgence in enterprise spending primarily helped market recover from the recessionary blues. Resurgence in business activity, renewed focus on cost savings exerted by post recession cost wary companies, growing mobility of businesses, increasing number of mobile workforce and greenfield deployments among small-and medium-sized businesses (SMBs), are all factors, which will drive growth in the market over the next few years. The managed video conferencing services offering from vendors is also likely to enhance penetration levels as underserved SMB sector moves towards adopting this particular technology. Additionally, the market will also be boosted by fast-paced technology developments and innovations that are helping achieve improved video and audio quality. For instance, high definition video conferencing addresses, which are capable of addressing issues such as poor quality of sound and image resolution will encourage utilization and adoption rate of video conferencing among end-users. The market will also be driven by emergence of new application areas for video conferencing such as recruitments, and use in home office segment.
As stated by the new market research report on Video Conferencing, the US continues to remain the largest regional market worldwide. Asia-Pacific remains the fastest growing regional market, surging at a CAGR of 8.9% over the analysis period. Demand for video conferencing in Asia-Pacific market will be especially driven by robust growth in regional enterprise sector, and subsequent development in IP infrastructure, especially in emerging markets such as China and India. Video Conferencing Services represents the most prominent segment, growing at a CAGR of about 7.3% over the analysis period.
Key players profiled in the report include Alcatel-Lucent SA, AT&T Inc., Avaya, Inc., BT Conferencing, Cisco Systems, Inc, TANDBERG, VCON, Global Crossing Limited, Huawei Technologies Co., Ltd, Logitech International S.A., Polycom, Inc., RADVISION Ltd, Sony Electronics, Inc., Sprint, Verizon Business, VTEL Products Corporation Inc., West Corporation, InterCall, Inc., and ZTE Corporation.
The research report titled “Video Conferencing: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in (US$) for US, Canada, Japan, Europe (France, Germany, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific, and Latin America, among others. Market segments analyzed in the report include Video Conferencing Systems (IP Systems, and ISDN Systems), and Video Conferencing Services (IP Services, ISDN Services, and Other Services).
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Video_Conferencing_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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