Frost & Sullivan Focuses on the Global Videoconferencing Infrastructure Market
In its new report named, Analysis of the Global Videoconferencing Infrastructure Market, Frost & Sullivan has stated that the worldwide videoconferencing infrastructure market has grown a strong 26.8 percent over the previous year with earning revenue of $746.6 million in 2011.
According to the report, the global videoconferencing infrastructure market registered its highest growth in 2010, and in 2011, videoconferencing infrastructure technology developments set new records and provided more features and flexible deployment options.
According to the report, there are various factors contributing to the growth of this market. They include cost savings from avoiding travel, increased productivity, positive environmental impact, and an increasing trend to favor richer forms of communications.
There is more to come. The report states that at a compound annual growth rate of 17 percent, the revenue is expected to rise to $1.92 billion in 2017. While revenue share from non-MCU products improved in the total market in 2011, multipoint control units (MCUs) continue to account for the highest revenue share.
Frost & Sullivan's Unified Communications Market Research and Consulting practice offers worldwide industry analysis and custom growth consulting (strategy consulting).
“Emerging prospects in mobile and desktop video, and integration with unified communications solutions are stoking demand for videoconferencing infrastructure," said Frost & Sullivan program manager, Rob Arnold. "The ability to offer an end-to-end portfolio, either directly or through partnerships has become a necessity, especially for smaller vendors.”
In 2011, the company released another report where it stated that the usage of smartphones will safeguard citizens as these phones can be used for capturing data and communicating with First Responders in real time to avoid a threat.
According to Frost & Sullivan report, companies and public organizations are already opting for intelligent tools such as smartphones and tablets for making their activities more efficient and inexpensive.
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Edited by Brooke Neuman