More Investments in Video Conferencing to Come

By Neil Zawacki
Updated: August 26, 2011

More Investments in Video Conferencing to Come

Infonetics, a major telecom market research firm, has predicted that enterprises will spend up to $5 billion on video conferencing and telepresence systems by 2015. This prediction was echoed by Frost & Sullivan, a global analyst firm that surmised the Web conferencing and collaboration market will grow to $4.12 billion by 2014.

Nefsis, a video conferencing software developer, believes that cloud-based computing will play a prominent role in these future investments. Back in 2008, approximately 50% of the products they sold were on-premise systems. Today, 90% of their products use cloud-based software-as-a-service.

The company also indicated the critical components needed to meet the forecasted demand. These included virtualization in a true cloud, low latency, multipoint HD, dynamic scalable video, and advanced collaboration for software delivery. They also stated that advanced IT features like built-in network diagnostics, Quality of Service, and firewall and proxy transversal were very important as well.

Tom Toperczer, the Vice President of Marketing at Nefsis, spoke briefly on this matter. He stated, “Cloud computing and video conferencing are more popular than ever, but there are fundamental differences that set the leading cloud-based solutions apart. Be sure to look for multiple points of presence and real-time, distributed workload balancing – a centralized data center or a single hosted video router is not exactly in the spirit or technical meaning of the word ‘cloud’.”
 

Featured Research
  • How Video Conferencing is Transforming Healthcare

    The telemedicine revolution is finally happening. Experts have been discussing the potential for patients and healthcare providers to connect remotely for years, but the market is just now moving to adopt it—in a big way. Data suggests this market will grow over 14% annually through 2020! more

  • Video Conferencing Software Cost Guide

    The benefits of video conferencing are well established. Investments usually deliver a great ROI thanks to increased worker productivity, reduced travel costs, and better collaborations. more

  • Mind the Gap!

    The rise of the digital workforce has resulted in a double-edged sword of enhanced flexibility and productivity, offset by increased complexity in staying connected and efficiently collaborating. Yes, today’s workers have an unprecedented range of tools and applications that increase the places, platforms and processes by which they can do their jobs. more

  • The IT Manager Who Shattered Shadow IT

    Shadow IT has become a household (or office-hold) name in today’s modern businesses, but what a lot of organizations don’t realize is the number of risks involved in ignoring those rogue technology installations. The average large enterprise uses around 1,220 individual cloud services, which is more than 13 times the 91 services recognized by IT departments. more

  • Video Conferencing Best Practices

    Video conferencing is quickly becoming one of the most important communication channels for both small and big businesses. As more businesses turn to this technology, expectations about the experience are also rising. It’s not enough to just offer video conferencing as a communication method. You also need to meet minimum audio and visual standards, and there’s even proper etiquette to consider. more

Related Articles