Videoconferencing market to surpass $2.5 billion this year

In recent months, a number of reports and studies have indicated that videoconferencing is able to offer businesses a host of savings by reducing their travel expenses, streamlining their hiring processes and allowing for easier, more flexible communication with clients and customers.

On December 12, another major report showed how these real-world benefits are causing many small business owners to make the switch. International Data Corporation (IDC) released the results of its “Worldwide Enterprise Videoconferencing and Telepresence QView,” which indicated that the market is expected to reach $2.6 billion by the year’s end.

“IDC expects major revenue growth in this market to continue over the next five years, bolstered by a significant impact from unified communications, collaboration applications, telepresence systems and desktop and mobile devices supporting video,” Rich Costello, a senior analyst at IDC, said in the release.

In addition, the report found that many businesses are turning to VoIP telephony services companies that provide videoconferencing as part of their overall service. Over the last year, the industry market grew by roughly 25 percent, meaning businesses invested $680 million more this year in these kinds of network solutions than they did in 2010.

Due to its ability to integrate into any office, business owners looking for new Los Angeles or Chicago phone systems may want to speak with a VoIP telephony provider. By securing a partner in the business, owners can ensure that their employees have the tools they need to thrive, as the competition may already be on their way to adopting these solutions and passing on the savings to shareholders and customers.

International Data Corporation (IDC) released the results of its “Worldwide Enterprise Videoconferencing and Telepresence QView,” which indicated that the market is expected to reach $2.6 billion by the year’s end.