Video conferencing market continues double-digit growth

Video conferencing market continues double-digit growth
This article first appeared on Best in UC. Double-digit growth is becoming the norm for the video conferencing market, according to Infonetics Research. A report the firm issues this week revealed that the global enterprise video conferencing and telepresence equipment market jumped 21 percent to $683 million between the first and second quarters of 2011, setting a record high for quarterly revenue. “For the first 6 months of 2011, enterprise telepresence and video conferencing equipment revenue is up 24 percent year-over-year, and we expect strong double-digit growth in 2011 over 2010,” said Matthias Machowinski, directing analyst for enterprise networks and video at Infonetics Research. “Growth will stay in double-digit territory through at least 2015, thanks to demographic and communication trends favoring video, increasing acceptance of video among users, and specific use cases like tele-learning and telemedicine.” Additional highlights of the report include:
  • Year-over-year (second quarter of 2010 compared to second quarter of 2011), the market for video conferencing and telepresence equipment is up 34 percent.
  • Cisco, the No. 1 vendor, sequentially increased its videoconferencing and telepresence system revenue 33% percent, and now holds over half the global market share.
  • Infonetics forecasts the enterprise telepresence and video conferencing equipment market to grow to $5.4 billion by 2015.
  • Dedicated multi-purpose room video systems make up over half the enterprise video equipment market now and will continue to be the biggest revenue-generator among enterprise video solutions
  • Meanwhile, videophones are the fastest-growing segment of the market, albeit the smallest.
  • Regionally, the strongest demand for enterprise video equipment is coming out of North America, China, India, and Brazil.
 

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