Report: Audio Conferencing Is Big in 2010; Web Conferencing Coming On Strong
Desire of SMBs to limit operating expenses will drive both types of conferencing technology.
New York, New York April 14, 2010 The total US audio and web conferencing market was $1.5 billion in 2009, AMI research estimates. Web conferencing is expected to drive spending over the next five years, boasting a 22% CAGR, while audio conferencing is expected to grow a more modest 4% YOY, according to a new report titled "Audio and Web Conferencing: Usage, Spending, Distribution, Market and Growth."
The report indicates the total market for audio and web conferencing will grow at a five-year CAGR of 12% to $2.7 billion in 2014. In fact, most small businesses plan to use audio conferencing over the next 12 months, according to this report.
"Audio conferencing tends to be more widely installed than web conferencing by SMBs," said Karen Nielsen, Senior Consultant at AMI-Partners. "The SB market leads the growth in conferencing spending. We would expect the greatest growth in usage for both audio and web conferencing to come from the small business segment with under 100 employees."
Click the link below to read the full report summary:
Web Conferencing will drive the growth, but Audio Conferencing is top bill for 2010, says AMI