According to a report called World Videoconferencing Infrastructure Systems Market in 2010 the videoconferencing market grew by 28% reaching $577.7 million. Behind this exponential growth are the evolving end-to-end multitenant opex-based services which are enabled by the increasing number of cloud-based solutions and the growing deployment of unified communication which increases video usage at the desktop level.
A 28% market growth in 2010 is a new record and sets high expectations for the upcoming years as videoconferencing is establishing itself as major communication tool in companies all over the world, with the market also making a shift towards HD technology which clearly benefits videoconferencing developers and vendors providing HD solutions.
The market also seems to be entering a period of consolidation. According to the report the acquisitions of Skype by Microsoft and HPs Visual Collaboration Unit by Polycom together with the mergers of Cisco and Tandberg and Logitech and LifeSize are making way to the creation of stronger videoconferencing companies which are looking forward to dominate the growing market.
The report also finds that the two greater challenges that the videoconferencing industry is facing right now are B2B connectivity and interoperability. As market demands a greater interoperability between videoconferencing solutions vendors are being forced to develop way to connect users over multiple networks and many solutions to this problem are already being tested. In fact greater interoperability instills higher confidence among customers and the industry should be working together towards the adoption of open standards says the report.
As the market grows so does the need for better videoconferencing solutions as customers all over the world find the need to justify their investments. As new and bigger players are formed to take over the market, RHUBs 6-in-1 web conferencing appliance remains one of the best solutions available. It provides a full high-quality videoconferencing experience with no maintenance required high security and very easy installation. As part of its value-added feature RHUB appliance also has remote support and remote access functions.