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IDC: Cisco, Polycom post double-digit declines in videoconferencing revenues
Enterprise videoconferencing, telepresence equipment market declined 13.2% year-over-year in Q1
Cisco (Nasdaq: CSCO) and Polycom (Nasdaq: PLCM) posted double-digit declines in enterprise videoconferencing and telepresence equipment revenues in the first quarter of 2013, according to the�latest stats�from IDC.
Market leader Cisco took the biggest hit with a 17.2 percent year-over-year decline in revenues, while second-place Polycom saw a more modest 11.2 percent year-over-year decline. As a result, Cisco's market share slipped to 43.4 percent, while Polycom's market share increased slightly, from 23.4 percent to 26.5 percent.
"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 [unified communications and collaboration] portfolios and business processes, as well as the increasing use of video collaboration for small workgroup, desktop, and mobile users," said Petr Jirovsky, senior research analyst for worldwide networking trackers research at IDC.
"Video as a key component of collaboration continues to place high on the list of priorities for many organizations. But key questions going forward now include: How will these video collaboration solutions be deployed? With more software or hardware? And, as premise or cloud-based solutions?" Jirovsky added.
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