Frost & Sullivan industry analyst Pranabesh Nath expects this rising growth to continue over the next four years, before easing gradually.
New analysis from Frost & Sullivan (conferencing.frost.com), Asia-Pacific Video Conferencing Endpoints Market, finds that the market - covering 13 Asia-Pac countries - earned revenues of US$329.1 million in 2008 and estimates this to grow at a CAGR (compound annual growth rate) of 17.7 percent (2009-2015). Frost & Sullivan predicts the market will be worth just over US$1.0 billion by end-2015.
If you are interested in a virtual brochure, which provides a brief synopsis and table of content of the research on the Asia-Pacific video conferencing endpoints market, then send an email to Sarah Lourdes at sarah.lourdes[.]frost.com, with your full name, company name, title, telephone number, company email address, company website and country. Upon receipt of the above information, a brochure will be sent to you by email.
"This upbeat outlook for video conferencing solutions is buoyed by the need for real-time collaboration as productivity tools, and the increasing availability of next-generation video conferencing devices and compression technologies," says Nath.
"Despite reduced spending in a recessionary climate, most companies realize that investing in video conferencing solutions provides long-term savings compared to direct travel, by enabling cost-effective long-distance communications," he adds. "It also increases employee productivity and collaboration due to the ability to conduct more meetings than is possible with physical travel."
Adoption in the more mature economies such as Australia, Japan and South Korea have been dominated by the corporate sector, particularly the banking, financial services and insurance (BFSI) industry. High-definition video conferencing solutions were the clear favourite for new deployments in these markets.
Whilst in the developing countries like India and China, the government sector was the biggest spender on video conferencing, leaning towards the more affordable and lower bandwidth-compatible standard definition systems; although Nath says that high-definition solutions are gaining popularity in these markets as well.
Nath believes that video conferencing technologies offer clear benefits, "It is a compelling tool for better cost management, effective communications and even a measure to reduce carbon footprint," he says. "Such advantages, coupled with more flexible pay-per-use models and managed services, are expected to eventually drive wider adoption and growth for video conferencing."
The Asia-Pacific Video Conferencing Endpoints Market study is part of the Conferencing & Collaboration Growth Partnership Service program, which also includes research in the following markets: web conferencing, telepresence, video conferencing infrastructure, conferencing services, online enterprise collaboration and shared workspaces. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.