Video conferencing records slight growth

Video conferencing records slight growth

The video conferencing and telepresence market has recorded slight levels of growth for the second quarter of the year, rising two percent compared to the same period 12 months ago.

It means the market now stands at a total of $725 million (£447 million), a five per cent increase compared to the previous quarter.

According to Infonetics, which carried out the research behind the figures, the number of endpoint shipments within the industry grew by 66 per cent compared to the same point last last year, mainly due to a sharp level of growth in software sales. It means the overall number has topped 4.4 million.

The adoption of such technology was up by 29 per cent year-over-year in the second quarter of 2014. EMEA and Asia were found to be the best performing regions for implementing video conferencing throughout the course of the last three months, serving as testament to the appetite for better technological solutions in both regions.

"Demand for videoconferencing capabilities remains strong as evidenced by the growth in endpoint shipments, but there are several shifts in the market that keep down revenue growth, from high-cost to low-cost hardware endpoints, from hardware to software, and from infrastructure to services," said Matthias Machowinski, directing analyst for enterprise networks and video at Infonetics Research.

Overall, the numbers have caused Infonetics to predict that the worldwide enterprise telepresence and video conferencing market could grow to $3.3 billion in 2018.

The rise of video conferencing should not come as a surprise given the fact that there are a number of great benefits available, including greater flexibility and efficiency.

One of the main advantages is the fact that it allows firms to severely cut down on travel costs, helping them to save money that can be used for other operations.