Featured Article from Conferencing

Conferencing Zone Week in Review: Efma, Vidyo, Revolabs, More

April 23, 2016

The Conferencing arena was once again in the news over the past week and it’s time to revisit some worthy stories.

To start, it’s pretty much a given in the tech world these days that video conferencing is going to be “A Thing.” As more and more companies sign on, the value is becoming clear not only in time and money saved, but also by having the ability to see someone when you talk to them, to better read their body language and get a real feel for what’s behind their words. Those in the world of banking have taken notice. New research conducted by banking association Efma and video collaboration technology maker Vidyo has discovered that 10 percent of banks will be using video technology before this year is over, 50 percent will be on board by the end of 2017, and some 80 percent will be utilizing it by the end of 2018. Click HERE  to see the full story.

In other news, if you think you’ve been seeing and hearing a lot more these days about video conferencing and its adoption by the enterprise, you’re not mistaken. A new report shows the market is about to increase substantially in the next few years. As per the report by Transparency Market Research, the global video conferencing market is predicted to progress from $3.7 billion two years ago to a projected $7.8 billion by 2023. Breaking down the numbers, the “Video Conferencing Market Industry - Global Industry Analysis” study sees the market expanding at a compound annual growth rate (CAGR) of 8.5 percent in that period. More numbers and additional information are available HERE.

Here in the states we sometimes have a myopic view of what’s going on the world of technology, but some companies know it’s wise to expand that viewpoint. Case in point is conferencing leader Revolabs. The company that introduced wireless microphones for conferencing communications by allowing unprecedented freedom in meetings recently announced a new agreement with ScanSource Latin America (LATAM), a value-added distributor of specialty technology products and sales unit of ScanSource, Inc. The agreement calls for Revolabs to distribute its complete line of microphones and UC conference phones in Mexico, Latin America, and South America. Go HERE to see the specifics, and HERE to see other conferencing news as it happens