Video conferencing technology is at the cusp of many business plans today, but unfortunately, the struggle of the global economy resulted in a small decline in the industry during the second quarter of 2013.
Unified Communications Strategies reported that the International Data Corporation analyzed the current enterprise videoconferencing and telepresence market and valued it at $563.4 million in revenue. This was 13.2 percent lower than the second quarter of 2012 and a 21.9 percent decline from the first quarter of 2013. However, IDC experts remain very optimistic about the future of the technology.
"Despite another weak quarterly performance in the worldwide enterprise videoconferencing market, we still see video adoption being driven by interest in doing video integrations with vendor UC&C portfolios and business processes," said Petr Jirovsky, senior research analyst at IDC, according to the source. "Video as a key component of collaboration continues to place high on the list of priorities for many organizations."
Video conferencing technology is one of the most efficient ways to conduct remote meetings, and it certainly will begin growing as the world slowly shakes off the global recession of the past few years.