Enterprise Video Conferencing Business to hit $3.2 billion


Enterprise Video Conferencing Business to hit $3.2 billion

Bangalore: The Global Enterprise Video Conferencing Market is likely to generate whooping $3.2 billion annual revenue in the year 2012 according to the market research firm International Data Corporation (IDC) Worldwide Enterprise Videoconferencing and Telepresence 2012-2016 forecast. Although the year-over-year growth rate is a little less but yet it has a healthy growth rate of 18.7 percent.

IDC found that in 2011 the revenue of video market grew to approximately $2.7 billion while the total worldwide enterprise videoconferencing revenue managed a healthy 20.6 percent year-over-year growth rate according to a report in cxotoday.com

Rich Costello, Senior Research Analyst, Enterprise Communications Infrastructure, at IDC said “Growth in worldwide enterprise videoconferencing and telepresence in 2011 was spurred on by well-defined video use cases across a variety of vertical market business segments, as well as the continuing decrease of cultural barriers to video acceptance within organizations.”

IDC is looking forward to see growing integrations of video and telepresence with unified communications and collaboration (UC&C) applications that would help the video conferencing business grow during the forecast period.

As per the study, the total worldwide enterprise video infrastructure equipment market saw year-over-year revenue growth of 22.4 percent in 2011, to $716 million in total revenue. The video infrastructure equipment market includes revenue from MCUs, gateways, video network servers and appliances, and other related video network equipment reports cxotoday.com.

Worldwide immersive telepresence revenue, which is the high-cost, high-end HD segment of the enterprise video and telepresence spectrum, came in at just over $315 million in 2011, a 22 percent decrease in growth over 2010. IDC sees this as further evidence of an increasing trend of video pushing down market in the enterprise to a growing segment of smaller workgroup, desktop, and mobile collaboration users.