Enterprise Video Conferencing, Telepresence Market Growing 100% by 2015

By Neil Zawacki
Updated: April 08, 2011

Infonetics Research released the Enterprise Telepresence and Videoconferencing Report, which stated they expect the video conferencing and telepresence market to double in size, if not exceed that amount, over the next four years. This projection was based off current market estimates and the consistent growth of the video conferencing industry.

Over the last year, video conferencing and telepresence systems managed to make more than $2.2 billion in profits around the world. This was a full 18% greater than the overall revenue generated the previous year, and if this trend continues it should reach $5 billion a year by 2015. Immersive telepresence systems, such as the Telepresence T3 solution, are predicted to become the most common type of hardware. Multi-modal systems are also expected to increase in popularity with the business community due to their high degree of versatility.

The market report stated that Cisco Systems was the current leader of the video conferencing market, with approximately 50% of the profits that were made in the last year. This was mostly due to the company’s recent acquisition of Tandberg, a notable manufacturer of videoconferencing systems and telepresence servers. Polycom was in second place on the list, a position the corporation held the previous year.

The Enterprise Telepresence and Video Conferencing Report is a quarterly publication that takes into account the market size of videoconferencing hardware and software made by Microsoft, Sony, Cisco, Avaya, Polycom, Vidyo, Kedacom, and several other prominent businesses.