Polycom, Tandberg and Sony Video Conferencing Sales to Soar
Developments such as Polycom Office, Forgent's VNP, and VCON's MXM are making video conferencing into a "killer application," according to In-Stat/MDR. As a result, the high-tech market research firm reports that the worldwide market for set top box and room video conferencing systems will grow from approximately $772 million in 2001 to more than $2.2 Billion in 2006.
“We see Polycom emerging as the key industry driver,” says Gerry Kaufhold, a Principal Analyst with In-Stat/MDR. The company’s rapid growth, through well-planned and intelligent acquisitions, has created an entity that truly covers all the bases of the Video Conferencing game, from end point equipment to network infrastructure, to partnerships, to user groups with global appeal and to the world's most powerful distribution channel partners. According to Kaufhold, “The final link in the chain that will drive Video Conferencing over the top is Polycom Office(tm), which provides an integrated, fully-connected solution that makes Video Conferencing not only very easy to manage and use, but creates momentum to connect Video Conferencing, through Internet Protocol networks, to a host of streaming media applications.”
In-Stat/MDR has also found that:
TANDBERG will take control of their high-end segment of the market, extensively expanding into IP-based and wireless applications. Sony's Video Conferencing Group will continue to be a major player, providing the widest overall variety of high quality Video Conferencing components and solutions, and Forgent's Video Network Platform will engage all the other players in the market, to make everything work together.
Attitudes towards the use of, and participation in, Video Conferencing activities are changing to a more positive tone. In a survey included in the report, 75% of respondents said "Yes" to the question – “Do you think you company should make more use of Video Conferencing in the future?"
North America represents, by far, the largest individual market for Video Conferencing equipment, and will experience explosive growth during the coming 2 years. Europe, Asia and the Rest-of-the-World (ROW) countries each present significant market growth opportunities as well.
This Market Alert is drawn from the In-Stat/MDR report, Video Conferencing Systems - Polycom To Raise The Industry Tide (#IN020019MB), which includes a discussion of, and presents In-Stat/MDR's conclusions about, the market for Video Conferencing equipment.
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Title: Video Conferencing Systems - Polycom To Raise The Industry Tide
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