Telepresence and Videoconferencing Advance
It stands to reason that the markets are increasing. How quickly this is happening may be a bit surprising, however. Infonetics Research released market projections last week that suggest that the number of employees who will be looking at the people to whom they are calling will accelerate rapidly over time.
The firm found that the two sectors collectively grew 18 percent to $2.2 billion worldwide during 2010. The firm expects the market to hit $5 billion by 2015, with “immersive telepresence systems” enjoying the fastest growth. Most equipment will be deployed in multipurpose rooms, and software-based endpoints will use their lower cost structure and availability to out-ship hardware endpoints by a factor of 10 to 1. The top two vendors are Cisco and Polycom. Cisco, Infonetics said, has parlayed the acquisition of Tandberg to a 50 percent share of the market last year. Polycom was second in revenue and led in units shipped.
Zacks Investment Research offers a succinct post at Wall Street Pit summing up the positive momentum for the telepresence and videoconferencing players. The piece, which referenced the Infonetics research, was bullish:
We believe, in the long-run, the videoconferencing solutions market will see healthy demand as a result of several positive industry trends, including globalization and the proliferation of branch offices; concerns about time demand and high cost of travel; homeland security and other government initiatives; as well as distance learning and healthcare applications.