After two years of notable decline, the videoconferencing market is expected to bounce back next year and could reach as much as $10.8 billion by 2015, according to a recent study by Global Industry Analysts.
Budgetary constraints and lack of capital investment in IT assets took their toll on the videoconferencing systems market in 2009 and 2010. But as voice and video communications represent a mission-critical function for all enterprises, outlook for videoconferencing remains healthy for the next few post-recession years.
The ability to collaborate across timezones and geographical locations is critical in decentralized working environments. Many businesses will maximize use of videoconferencing technology by connecting their equipment to an HD-TV, LED monitor or
USB projector to conduct virtual meetings that can be accessed by multiple employees at once.
According to the report, the United States has the largest regional videoconferencing market. However, the Asia-Pacific region, primarily driven by China and India, is the fastest-growing market with a compound annual growth rate of more than 6 percent.
