Latest Telepresence and Visual Collaboration News:
Cisco keeps Polycom at bay as video conferencing market transition continues
Results reflective of the ongoing market transition from a primarily hardware-based technology to one impacted by the growing interest in software-based solutions and video subscription services.
Enterprise videoconferencing and telepresence equipment showed positive results in the fourth quarter of 2014 (4Q14), with overall revenue increasing 15.8 per cent quarter over quarter and 4.0 per cent year over year.
IDC reports that total worldwide enterprise video equipment market revenue in 4Q14 was $613 million, up from $529 million in 3Q14 while the total number of videoconferencing units sold in 4Q14 increased 15.7 per cent quarter over quarter and 25 per cent year over year.
For the full year 2014, revenue declined -6.8 per cent versus 2013, the third consecutive year of decreasing full-year revenue in this market.
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