According to a new report by Frost & Sullivan, the video conferencing market continues to grow, and money saving is the main reason for businesses to turn to video conferencing services because it allows employees to work from any location without the need to travel.
The report specifies that small and medium sized businesses (SMB) are likely to be among those that will benefit most from the technology:
The bottom line: small businesses especially can benefit from video conferencing by using it to reduce travel costs and enhance productivity. In fact, small companies can pay for the equipment with just one or two business trips saved.
According to Cisco’s VP June Bower points out that “the compelling reasons for utilizing video communications technology are starting to pile up. Web meetings are not just a good way to connect a far-flung team. They also cut costs, boost productivity and more.”
Video — already the biggest component of Internet traffic — will account for more than 50% by the end of next year and reach 62% by the end of 2015, according to Cisco’s latest Visual Networking Index Forecast.
By 2015, there will be nearly 3 billion Internet users, more than 40% of the world’s projected population and there will be more than 15 billion network-connected devices by then, according to Cisco’s Visual Networking Index (VNI) Forecast for 2010-2015.
Full article:
In another exciting turn of events for our industry, Polycom has announced that it is acquiring HP’s visual collaboration business including Halo, and will become an exclusive partner to HP for telepresence and certain video UC solutions.
Also included in press release:
http://finance.yahoo.com/news/Polycom-Groundbreaking-iw-3458141717.html?x=0&.v=1%20ut:blank
Polycom is certainly on a roll! Motley Fool has listed Polycom as one of the top five performers in the communications equipment sector, with a 47.2% YTD return. According to the web site, companies that do well may indicate either savvy moves from the business itself, or a larger trend out there in the market place. Either way let’s keep this type of good news coming!
