Conferencing Sales Grow Despite Recession
By Stefania Viscusi, Assignment Desk Editor, TMCnet.com
Despite harsh economic conditions that continue to threaten many IT and IP communications-related companies and markets, conferencing appears to be weathering the storm.
Conference call services help companies improve employee efficiencies by eliminating time spent traveling to face-to-face meetings, and also offers a way to promote eco-friendly, "greener" practices.
One research company has now highlighted the strength of conferencing, even in the current economy.
Synergy Research Group recently announced the results of their latest study, which shows conferencing revenues actually grew 7 seven percent in the first quarter sequentially — even as every other UC application experienced a sales decline.
According to the firm's findings, conferencing application sales grew at a 5 percent rate in the fourth quarter of 2008 and the worldwide market for collaborative applications in the first quarter of 2009 amounted to $913.3 million in sales.
The growth in conferencing solutions like Web, audio and video offerings owes itself to businesses' needs to cut costs and invest in technologies that offer short-tern returns on investment.
Eagle Teleconferencing's conference call solutions are especially useful in the current climate, as they can be set up last-minute and are available around-the-clock. Also, with a worldwide network connection infrastructure and a capacity of more than 10 billion minutes, the company offers businesses conference call options for productivity and reliability.
Another recent study from Wainhouse (News - Alert) Research finds the video conferencing equipment segment should recover in 2010. According to the research firm, 2010 should see a healthier growth rate with the number of units sold globally exceeding 350,000 by 2014.
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