The video conferencing industry may see an uptick if current analysis of the market holds true.
Research firm Global Industry Analysts (GIA) recently announced that the worldwide video conferencing market would bring in $10.8 billion by 2015. GIA attributed its forecast to the effects of globalization, cost-saving efforts and increasing acceptance by small- to medium-sized businesses (SMBs).
While acknowledging that the recession has suppressed the communications market in general, GIA concluded that, as the global economy improves, companies will be willing to invest in video communications in order to increase efficiency and save money over the long term. It also pointed to ongoing technology innovations in audio and video, as well as the continued decentralization of working environments as positive influencing factors. Read the complete press release on GIA’s announcement here.
Matt Hemblen of ComputerWorld thinks the recent release of HP Visual Collaboration — a suite of HD videoconferencing solutions — may work out quite well for the video conferencing industry:
“HP’s entry into desktop videoconferencing will further energize the market for videoconferencing, even as many newer mobile devices like the iPhone 4 have begun supporting real-time video chat.”
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