Conferencing Market Research Reports, Industry Analysis and Trends
Conferencing is the activity in telecommunication when there are more than two participants involved in interaction/ discussion as opposed to the traditional way in which there were only two participants on a telephone call. Conference in general sense can be defined as the way of communication and interaction between multiple users at the same time. Conference devices are used in large rooms in companies when a meeting, announcement, and information needs to be exhibited to a set of people working on a project. Owing to the wide range of consumers, conferencing market has evolved to address the challenges of large and small business users.
The companies that deploy conferencing devices expect simplicity, reliability and easy to use features that play an important role in time management and efficient performance. The audio integration has evolved substantially as the reduction in noise, better reception and clear high quality audio producing devices are developed and advanced to a greater level. Web-cams play an important role on some occasions and are considered to be the most advantageous and advanced piece of technology in conferencing market. Although there are many benefits in web conferencing, potential customers are still lacking in large numbers as the prospects of web conference software market are vast and allow inexpensive and cost effective measures.
Video conferencing is gaining more popularity and increasingly generating high demand as one of the highest priorities in organizations. Video conference facility received a great amount of admiration from several businesses and continues to do so for various purposes and services it offers; from technology point of view and productivity aspect, employees of an organization utilize the facility extensively for interaction and presentations, while it helps in cutting down travel costs.
Telecom Conferencing Industry Current Trends
Conference market globally has had great potential of growth in terms of revenue of great size as the businesses are always looking for ways to bring communicable facilities between clients and service organizations. The global web conferencing software and services market is expected to touch the value of US $391.8 million by 2014 at 26.1% CAGR. Businesses are constantly looking for ways to bring video conferencing capabilities to any locations the organizations are situated at, along with the facilities to any devices; they demand greater interoperability among vendor platforms and often result in implementation of higher quality.
Major Tele-Conferencing Players
Major companies in conference market are Polycom, Yamaha, Konftel, TechNavio, Cisco and Citrix.