Study: Videoconferencing to Take Off over Next Five Years

With recovering economy and mature technology, IDC predicts enterprises will be adopting in droves, quadrupling revenues by 2014.

By VoipPlanet.com Staff | Posted Mar 16, 2010
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International Data Corporation (IDC) predicted that 2009 would be the year of the great enterprise videoconferencing experiment, and despite the macroeconomic challenges that enterprises faced, the worldwide market (including telepresence) managed to achieve 16.7 percent growth over 2008. With the global economy now in recovery, IDC expects enterprise adoption of videoconferencing to accelerate, driving revenues for videoconferencing equipment from $1.9 billion in 2009 to more than $8.7 billion in 2014.

"The videoconferencing market is in the midst of a transition – from meeting over video as an option of last resort to an alternative that's preferred over traveling," said Jonathan Edwards, research analyst, Enterprise Communications Infrastructure. "The cultural shift toward video as a good enough 'across the table' replacement for in-person meetings will accelerate swiftly through the next decade as more companies utilize the technology to accelerate decision making and time to market as well as improve team collaboration, customer service, and employee work/life balance."

Click the following link to read the full report summary: Videoconferencing Poised to Transition from Experiment to Asset as Enterprises Weigh the Benefits and Technology Matures, According to IDC

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