Web Conferencing Choices on the Rise
While corporate travel budgets have all but evaporated over the last two years, the use of Web conferencing has grown by leaps and bounds. Jacqueline Emigh takes a look at the options currently available and explores what's on the horizon for the Web conferencing software and services market.
Overall revenues from Web conferencing applications will soar from $513 million in 2002 to $1.15 billion in 2006, according to IDC's latest statistics.
Likewise, Frost & Sullivan predicts Web conferencing revenues -- from both products and services -- will shoot up from $427 million in 2002 to almost $2.2 billion in 2008.
"A good Web conferencing product or service has features that are based on real line-of-business needs, such as marketing, training, and the ability to share presentations," said Robert Mahowald, an analyst at IDC.