Global Video Conferencing Market to Expand at 9.5% CAGR between 2014 and 2019

MarketResearchReports.biz has announced the addition of the “Video Conferencing Market: Global Opportunity, Trends, Forecast 2015-2019” report to its offering. The detailed report contains data about the current state of the global video conferencing market. It studies the opportunities and potential challenges faced by the video conferencing market. The report helps readers discover trends in the global video conferencing market and identify the strategic consolidations shaping the global video conferencing industry. According to the report, the global video conferencing market is projected to expand at a CAGR of 9.5% between 2014 and 2019.

Until recently, small-to-medium-sized enterprises were hesitant to invest in video conferencing due to the high total cost of ownership (TCO) involved. Moreover, for high-quality video conferencing, it was a requirement to have special video conferencing rooms, sufficiently high bandwidth, and advanced and expensive technology. Thus, video conferencing was a luxury afforded only by large enterprises, as they could afford the huge expenses and infrastructure, and justify the use of video conferencing to save large traveling costs. Today, however, video conferencing is not limited to large companies alone. The development of desktop video solutions and managed and hosted video conferencing has made video conferencing a practical and feasible technology for everyday operations.

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At present, the global video conferencing market is driven by the extensive use of video conferencing for initial sales meetings and for giving presentations to potential clients or customers. The installation of video conferencing equipment is no longer a hurdle and companies do not simply adopt video conferencing for the sake of avoiding travel expenses, but use video conferencing proactively to enrich collaborations. It is usually made available to all the employees with the help of an easy guest access model so that business partners and customers can stay in touch to enhance the business outcome.

With the utilization of technological advances, video conferencing makes it easier for employees situated in any part of the world to share information and have discussions in an interactive manner via the internet. Video conferencing enables employees and managers to share spreadsheets, presentations, and virtual whiteboards, thus improving the quality of interaction between team members scattered across the world. Recording video conferences is one of the new features that companies are finding very useful.

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The growing trend of collaborative workspaces will ensure the growth of the video conferencing market. However, vendors shifting towards a unified communication solution may challenge the global video conferencing market.

Some of the leading market players in the video conferencing industry profiled in the report are: Avaya, AnyMeeting, AT&T Connect Support, Arkadin, Blue Jeans Network, Bridgit, BT Conferencing, ClickMeeting, Communique Conferencing, Fuze/FuzeBox, EyeNetwork, Glowpoint, Glance Networks, HP Virtual Rooms, InstantPresenter, Infinite Conferencing, LifeSize Communications, MegaMeeting, OnStream Media, OmniJoin, Orange Business Services, RadVision, Cisco, Microsoft, Polycom, and ZTE.

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