Friday, July 24, 2009

Conference and Collaboration Technology Market Strong

Conferencing and collaboration solutions that reduce the need to travel and help businesses remain efficient are increasing in popularity today as businesses become more global.

Research firm Frost & Sullivan has released new analysis, “North American CSP (News - Alert)-based Videoconferencing Services Market,” that shows revenues of $265.4 million in 2008, an 11 percent growth over 2007’s earnings.

Through conferencing solutions, and particularly video conferencing, businesses can support a virtual workplace environment while also keeping costs in control.

Frost & Sullivan’s (News - Alert) research uncovered that the current economic slump has put pressure on IT departments to seek technologies that help business cut costs and increase workplace efficiencies.According to Frost & Sullivan Principal Analyst Roopam Jain, now is the time to adopt large-scale videoconferencing technology. "Several market forces are merging to create a market that is ripe for change," Jain said.The research also uncovered that the videoconferencing CSP-based managed services market which was at $151.3 million in 2008, is expected to reach $375.5 million by 2014.The strongest push for conferencing technologies is that they offer cost savings and ROI and as businesses push through the economic slump, they will turn to the technology as a way to reduce costs as well as improve business performance.

In addition, a growing awareness for UC technologies and support for a dispersed workforce that includes increasingly mobile workers, has increased the market potential.
Eagle Teleconferencing provides conferencing solutions that help businesses to maximize their communications and save on costs. The company’s conference call solutions are especially useful in the current climate, as they can be set up last-minute and are available around-the-clock.

To get onto the Web Conferencing bandwagon, try the product that the Web Conferencing Council ( called the "Best of breed" for 2009. Free trial, no credit card required, no risk, at