Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia  | 
2012, May 24

Spending on Video Conferencing Will Hit US$1B in 2016

Spending on Video Conferencing Will Hit US$1B in 2016

by CFO Innovation Asia Staff, 15 November 2011
topics:
Technology
Thumbnail: 

Businesses are increasingly adopting enterprise-grade telepresence. The market will boom, with spending hitting $1.1bn in 2016, growing with a compound annual growth rate (CAGR) of 19.5% from 2011 to 2016, finds Ovum.

 

The explosive growth of the telepresence market means many companies new to the technology will soon be making large purchasing decisions.

 

“Businesses will face a difficult task in deciding on the right vendor in a particularly rapidly changing supplier marketplace,” says Ian Jacobs, Ovum principal analyst and co-author of the report.

 

Jacobs says that businesses may return to their legacy video conferencing vendor for telepresence or look to new-breed video specialists. "They might make the choice as a stand-alone decision or as part of a broader enterprise communication strategy.”

 

As part of that decision-making process, organisations must do a good deal of self-assessment, and face many choices. They must understand the reasons for the deployment of video, and what business issues the technology will solve.

 

Once businesses have identified their goals, they must consider what features they require from a telepresence vendor.

 

“The good news is that telepresence products and services are now technologically mature, and offer a range of productivity-enhancing features and collaboration tools.”

 

The benefits of the technology are increasing, and making the right vendor choice is therefore of paramount importance to companies.

 

 

MORE ARTICLES ON IT SPENDING

Orignal Author: 
CFO Innovation Asia Staff
Quote Image: 

Related articles

Comment on this article

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Verification Code
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law.
CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions
CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing.
CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software.