According to Ovum videoconferencing will be growing annually at a rate of 5.79% in revenues between 2011 and 2016. This means that the ICT data analysts at OVUM are predicting that in 2016 businesses all over the world will be spending $3.7 billion in videoconferencing solutions.
As organizations and businesses are searching for new ways of cutting costs and increase productivity video conferencing allows them to cut on the high costs time spent and the carbon footprint associated with business travel. The latest advances in the video conferencing technology such as the improved video and audio quality is also playing an important role in attracting business and organizations.
Five trends for five years
According to Ovum the mobile and desktop segments are those that are probably going to grow faster in the next five years. With the increasing number of smartphones and tablets available in the market mobile videoconferencing demand is growing exponentially and is expected to continue to raise over the next five years.
It is also expected that the substantial growth in the videoconferencing will open room for the appearance of new players in the market such as new operators equipment vendors and system integrators. As companies and organizations are expected to turn to these new specialists managed services are expected to grow 11.5% by 2016.
Among the trends for the future of videoconferencing is the rise of telepresence which makes vide teleconference a more immersive experience. Telepresence is expected to grow at a rate of 19.49% growing to a $1 billion business in 2016.
Ovum also predicts that videoconferencing manufacturers and vendors will continue to focus on SMBs by creating and providing solutions that are less expensive easier to use and easier to install.
As videoconferencing becomes a crucial service of the Unified Communications systems it is expected that those vendors who are capable of providing integrated solutions to their customers will win the market.
As these tendencies are beginning to trend RHUB has been developing videoconferencing solutions to provide the best to companies and organizations all over the world. RHUB 6-in-1 videoconferencing appliance provides companies with one the most complete solutions in the market from videoconferencing to remote access in one package. It doesnt require extra IT maintenance and it is very easy to install and to use.