Global teleconferencing equipment market sets Q2 record; Cisco share exceeds 50%

Enterprise telepresence and video conferencing revenues soared in the first six months of 2011, new research said, as more users have grown comfortable with the technology and are more rapidly adopting it. Key drivers for the next four years also include telemedicine and telelearning applications.

Click here to see a larger version of this chart from Infonetics Research.

Infonetics Reseach said the global enterprise video conferencing and telepresence equipment market set a record for quarterly revenue in the second quarter, increasing 21 percent from the previous quarter to $683 million, and increasing year-over-year 34 percent.

"For the first 6 months of 2011, enterprise telepresence and video conferencing equipment revenue is up 24 percent year-over-year, and we expect strong double-digit growth in 2011 over 2010," said Matthias Machowinski, directing analyst for enterprise networks and video at Infonetics. "Growth will stay in double-digit territory through at least 2015, thanks to demographic and communication trends favoring video, increasing acceptance of video among users, and specific use cases like telelearning and telemedicine."

While there are increasing numbers of vendors vying for business, Cisco (Nasdaq: CSCO) remains the largest, seeing sequential growth in video conferencing and telepresence system revenue 33 percent; it holds more than half the global market share over competitors Polycom (Nasdaq: PLCM), Radvision (Nasdaq: RVSN) and startup Vidyo.

Demand for video conferencing equipment is highest in North America, China, India, and Brazil.

For more:
- see this release

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