Processing .....please wait.. 
The article has been forwarded.... 
'Telepresence to be a $40 Mn market in India by 2012'
By siliconindia
|
Saturday, 13 September 2008, 17:43 IST
Bangalore: Management consulting firm Zinnov Management Consulting has released a study saying that telepresence market in India is estimated to grow at a rapid CAGR of 53 percent and reach $40 million by 2012. According to the study titled 'Opportunity Landscape for Telepresence in India', conferencing market has undergone a paradigm shift with the emergence of telepresence as the business solution for real time communication. The current telepresence market is pegged at $7.2 million.
Over the years, the conferencing market in India has evolved a great deal from audio conferencing (PSTN / ISDN) to audio conferencing (VOIP), followed by video conferencing (VPN/Leased line) and finally Telepresence. Key factors that have led to this growth so far and moving forth, would in-turn take the industry to the next level are improvement in broadband infrastructure, increase in travel cost, going green initiatives and globalization.
While segments like IT and ITES segments would typically become early adopters of telepresence in India due to growth in the number of R&D captives and shared service centers at multiple locations, other sectors where telepresence can truly make strong inroads are Education, Government and BFSI, according to the study.
Leading professional institutes in the future could migrate to telepresence for guest lectures and classroom discussions, while the government is already investing in conferencing solutions for efficient administration and reduced travel cost; and large banks have plans to invest in conferencing to manage their widespread operations across multiple branches, states Zinnov.
Pari Natarajan, CEO, Zinnov Management Consulting, said, "The importance of telepresence needs to be reinforced through specific marketing initiatives as it is the next big wave in conferencing. Customized efforts targeting sectors like Education, Government, BFSI and even SMEs can significantly increase telepresence in India. Various factors like increase in broadband penetration, the rollout of 3G services, Government efforts and initiatives by the BFSI IT / ITeS sectors paint a very bright picture."
