Are new developments in technology propelling the video conferencing market to greater heights? The availability of cheaper video conferencing tools such as apps, software platforms, and websites, combined with their integration and accessibility on mobile devices such as tablets and PCs may be a boon to individual users, but does that really translate into efficiency and economy for small businesses and enterprises?
Limitations in terms of bandwidth requirements, lack of high end video applications and high costs are some of the factors that stand in the way of? both small businesses and large enterprises embracing video conferencing as a communication tool. So how does it rate in today?s marketplace and what is the future of video conferencing? Will it eventually find acceptance worldwide and replace the traditional methods of communications?
Powwownow, UK?s leading free conference call service provider, recently conducted a survey to study the impact of video conferencing in today?s business and how the video conferencing market holds itself against traditional methods of business communication.
The results have been put together in a nice infographic that clearly indicates the demand for video conferencing systems is only increasing. With over 1.8bn hours of Skype video calling made a year, and the growth of video conferencing pegged at over 19%, the video conferencing market is expected to expand to over ?667m by the year 2016.
More than 70% of SME?s believe that video conferencing actually saves costs that would otherwise be incurred on meeting travels.
Another interesting factor is that a majority of CIO surveyors expect desk phones to become redundant in the next 5 years. Over 75% of survey respondents believe that conference calling, which has been the traditional method of communication will eventually be replaced by video conferencing technology.
Check out the infographic and let us know if you use video conferencing technology for your business and how effective it is as a method of communication.
Source: The Rise of Video Conferencing
Source: http://theapptimes.com/video-conferencing-market-future-trends/
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