RENO, NV--(Marketwire - October 4, 2010) - Synergy Research Group announces the launch of its VideoConferencing + TelePresence Market Research service, providing quarterly market share tracking and analysis. The research is showing a strong uptick in mainstream acceptance of VideoConferencing + TelePresence. The worldwide market totaled $1.1 billion in 1H 2010, an increase of 32% over the same period last year. Synergy is forecasting the market to approach $2.5 billion in 2011.
"This market has seen a radical shift with Cisco acquiring Tandberg," said Jeremy Duke, Principal Analyst and Founder, Synergy Research Group. "With only two major players in this large and expanding market, we anticipate the market to remain extremely dynamic with new market entrants, partnerships/alliances, and further acquisitions."
Top 5 Ranked Vendors- WW VideoConferencing + TelePresence Q2 2010
| Rankings | Q2 Market Share | |||
| Cisco/TANDBERG | 1 | 43.4% | ||
| Polycom | 2 | 28.8% | ||
| Huawei | 3 | 9.1% | ||
| RADVISION | 4 | 3.4% | ||
| SONY | 5 | 2.0% |
The stand-alone VideoConferencing market continues to be a fast growing market in the Collaboration space, providing the benefits of increased productivity and travel-cost reductions. While this opportunity has had the most traction as a high-end corporate application, the benefits of VideoConferencing will increasingly become more accessible as a mainstream application. Synergy believes this will be increasingly driven by the introduction of managed and hosted offers by service providers as well as an expansion into the consumer market, with a high definition, immersive video experience.
The VideoConferencing market is split rather evenly amongst the top 3 regions of APAC (34%), NAM (33%), and EMEA (30%). Of these three regions, APAC is experiencing the strongest year over year growth, posting 55.4%, compared to EMEA's 20.5% and North America's 8.5% growth. Also noted in 1H 2010, the VideoConferencing opportunity saw very strong growth in Brazil and Mexico driving the Latin American region with year over year growth exceeding 100%.
Synergy is tracking the following equipment vendors in its VideoConferencing + TelePresence service: Avaya, Cisco/TANDBERG, HP, Huawei, Kedacom, LifeSize, Magor, Polycom, RADVISION, SONY, Teliris, and ZTE.
About Synergy Research Group
Synergy Research Group (www.srgresearch.com) is a market research leader providing market intelligence to networking and IT industries. Synergy's market research is available over an innovative cloud-based database, Synergy Interactive Analysis (SIA). To view Synergy's SIA web demo, visit www.srgresearch.com.
Contact Information:
For more information:
Heather Gallo
Synergy Research Group
+1 775-852-3330 ext 101