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Palo Alto, CA, United States, 2007/06/13 - New analysis from Frost & Sullivan, Latin American Telepresence Markets, reveals that the market is likely to reach $27.8 million in revenues by 2013, growing at a compound annual growth rate (CAGR) of 77.6 percent from 2007 to 2013.
A growing number of companies in Latin America are now investing significant resources to upgrade their existing videoconferencing systems. This encouraging context will certainly bring important market opportunities for telepresence.
New analysis from Frost & Sullivan (conferencing.frost.com), Latin American Telepresence Markets, reveals that the market is likely to reach $27.8 million in revenues by 2013, growing at a compound annual growth rate (CAGR) of 77.6 percent from 2007 to 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Latin American Telepresence Markets, send an email to Tracy Henderson, Corporate Communications, at Tracy.henderson[.]frost.com with your full name, company name, title, telephone number, fax number, email address, city, state, and country. We will send you the information through email upon receipt of the above information.
“The anticipated growth of the telepresence industry as a whole is expected to drive the Latin American demand for telepresence, given that more global companies are likely to install this advanced solution in their regional offices,” explains Frost & Sullivan Research Analyst Mariana Zamoszczyk. “The long-awaited telepresence take-off is accelerating awareness and gaining momentum as the technology continues to improve in quality and performance.”
Moreover, decreasing communication costs and improvements in audio and video quality will strengthen the value proposition of telepresence, turning this sophisticated tool into a key enabler of business performance and best practices.
Like most cutting-edge technologies, telepresence is being introduced into the region thanks to multinational corporations. This means that the Latin American demand for telepresence is in response to the requirements of global companies with a considerable presence in the region.
However, current trends also indicate that the adoption of telepresence could gradually start responding to the requirements of large national corporations that need advanced conferencing and collaboration tools to improve their competitiveness and business performance.
“As the Latin American telepresence market is very young in the growth curve, vendors need to quickly adopt regional go-to-market strategies oriented to increase awareness and usage levels, especially through the deployment of demonstration facilities and the launch of far-reaching marketing campaigns,” says Zamoszczyk. “In fact, it is crucial to bear in mind that Latin American companies have very distinctive communication patterns, forcing vendors to customize their market approach if they want to successfully penetrate this region.”
With a bright future ahead, tele-presence takes traditional videoconferencing to the next level by providing an advanced visual collaboration experience with improved realism and quality. What is more, the continued decrease in hardware, software, and bandwidth costs, in addition to the recent technological advances in audio and video quality, opens up numerous lucrative market opportunities for telepresence in Latin America.
Latin American Telepresence Markets is part of the Conferencing and Collaboration Growth Partnership Service program, which includes research services in the following: Latin American audio conferencing services markets and Latin American next-generation carrier infrastructure markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press will be available.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.