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Shanghai, China, 2014/02/21 - Frost & Sullivan Best Practice Award 2013 Conferencing Service Provider of the Year (APAC) is presented to BizConf Telecom Co., Ltd, in recognition of the company's excellence in growth strategy and product innovation - Frost.com.
It also acknowledges BizConf's efforts devoted to enhance customer value created and the resulting high market penetration.
According to Frost & Sullivan, the market size of APAC hosted conferencing service market in 2012 has reached USD715.4 million and the number is expected to maintain a two-digit growth in the future, and boost to USD1,400 million in 2018. Traditional audio conferencing occupies 67.8% of the market while web conferencing accounts for 20.1% of the market in 2012. The Greater China Region, where BizConf's major operation is based, took up 19.3% of APAC market and has shown greater potentials and faster growth than APAC region.
Established in 2006, BizConf is a leading conferencing service provider based in China, with a network covering over 100 countries globally. It provides collaborative communication solutions and services to create maximum value for customers. As the leading player, BizConf is the preferred conferencing vendor of most of the Fortune 500 companies, resulting a considerable market share of 5.4% in 2012 in APAC region. From 2012 to 2013, the total revenue of audio and web conferencing service has experienced a growth of 28.43%, in which web conferencing saw a rapid growth of over 500%.
With the growing need of communication and information exchange, demand of conferencing service of enterprises is rising rapidly. To meet such demands, BizConf keeps improving customer-tailored services to simplify communication, reduce cost of business trips and increase working efficiency. Furthermore, BizConf assists its users to achieve the perfection of operational structure and business development of each individual enterprise, creating value for users through better and smoother communication. In 2013, BizConf launched its new product, ConfCloud, a cloud-based web conferencing service, allowing users to participate in conferencing via any computers or smartphones connected to the internet. Using its cloud-based internet framework, ConfCloud allows 2000 users to participate in a conference at the same time. With its state-of-art network facilities, ConfCloud achieves a stability of 99.999%. The launch of the new service has shown the effort BizConf had made to improve the web conferencing product segment, as well as to devote to the development of cloud-based conferencing.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Based on BizConf's overall performance in growth strategy excellence, product innovation and leadership in customer value, Frost & Sullivan is pleased to present BizConf with 2013 Conferencing Service Provider of the Year.
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