Revenues grew 20.3 percent and 17.6 percent in 2006 and 2007 respectively, driven by stronger capital expenditure in IT against a backdrop of sturdy economic growth and FDIs (foreign direct investments) in the region.
New analysis from global growth consulting company, Frost & Sullivan (conferencingandcollaboration.frost.com), Asia Pacific Videoconferencing Endpoints Market CY2007, finds that the market - covering six sub-regions (14 countries) in Asia-Pacific - earned revenues of US$297 million in 2007 and estimates this to reach US$647.7 million by end-2014, at a CAGR (compound annual growth rate) of 11.8 percent (2007-2014).
Greater China was the single largest market accounting for 56 percent (or US$166 million) of the revenues in 2007, followed by Japan (19 percent), Australasia (10.4 percent) and India (7.7 percent).
If you are interested in a virtual brochure, which provides service providers, vendors/manufacturers, end users, and other industry participants with an overview of the Asia-Pacific videoconferencing endpoints market, then send an email to Sarah Lourdes at sarah.lourdes[.]frost.com, with your full name, company name, title, telephone number, fax number, and email address. Upon receipt of the above information, an overview will be sent to you by email.
The upbeat trend is backed by the increasing need for real-time collaboration, enhanced high definition video and audio solutions, the buzz around telepresence and the growing focus on unified communications (UC) as business productivity tools among enterprises.
"Awareness of videoconferencing solutions has grown by leaps and bounds as more organizations begin to embrace conferencing and collaboration tools as a means to enhance productivity," notes Frost & Sullivan industry analyst Yen Yen Har. "The introduction of the much publicized top-end telepresence solutions has also had a trickle down effect on customer interest and adoption of videoconferencing systems as a more cost effective alternative."
Environmental issues and the mounting pressure on enterprises to fulfill their corporate social responsibility towards a greener environment is further prompting wider adoption of videoconferencing. Companies today are seeking ways to measure carbon footprint and the impact of applying conferencing and collaboration tools to address environmental issues in real terms.
Other external factors such as high travel cost, air travel disruption, terror threats, business globalization, and improved network infrastructure will also drive the adoption of videoconferencing solutions.
Har is quick to point out however that video will increasingly become an integral component of UC, and videoconferencing as standalone applications will gradually lose its appeal to UC.
"UC is no longer a nice-to-have strategy but a critical roadmap for videoconferencing vendors and service providers. Considering this, vendors need to place greater emphasis on enhancing end-user experience before they can truly harness the benefits of UC in their videoconferencing solutions," she adds.
The Asia Pacific Videoconferencing Endpoints Market CY2007 study is part of the Conferencing & Collaboration Growth Partnership Service program, which also includes research in the following markets: telepresence, videoconferencing infrastructure, and web conferencing software and services. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Analyst interviews are available to the press.
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting, and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 30 offices on six continents.