PRESS RELEASE: Polycom, Inc., the worldwide leader in telepresence, video and voice communications solutions, has been recognised as having the dominant market share in video conferencing endpoints across the Asia Pacific region by consulting company, Frost & Sullivan. In its recently released research, entitled “Asia Pacific Video Conferencing Endpoints Market, 2008”, Frost & Sullivan found Polycom’s market share grew across the region during 2008, capturing a staggering 32.3 per cent of overall revenues for the first three quarters of 2008 – almost twice the share of its nearest competitor.
According to Frost & Sullivan, Polycom is the leader in a market that grew at 15 per cent in 2008. The market is forecasted to have a Compound Annual Growth Rate (CAGR) of 17.7 per cent through to 2015. The Frost & Sullivan study also found that the banking, financial services and insurance sectors are continuing to invest strongly in video communications, along with education and healthcare organisations. The government sector was generally the largest adopter of videoconferencing endpoints solutions in many Asia Pacific countries.
The Frost & Sullivan study indicates that the main market drivers for video communications through to 2015 will be growing awareness of next-generation video technologies and the proliferation of IP infrastructure and compression technologies. The current economic crisis is also likely to drive increased adoption, according to Frost & Sullivan.
“Our research suggests there is a strong case for a greater adoption of video communications solutions by Asia Pacific organisations in this challenging economic climate, particularly those seeking to reduce spending on discretionary budget line items such as travel. In addition, we expect an increase in demand for operational expenditure models such as managed services which provide a more predictable way to track costs,” said Pranabesh Nath, industry analyst at Frost & Sullivan.
“However, to drive maximum return on investment through improved productivity and competitive advantage, it is critical that video communications be easily accessible to employees at all levels of an organisation – not just in the boardroom,” added Nath.
Polycom has the broadest range of video and telepresence solutions on the market, spanning from the desktop, to room-based solutions, to the industry’s only truly immersive telepresence suite, Polycom RealPresence™ Experience High Definition (RPX™ HD). This comprehensive portfolio of video communications solutions meet a vast array of customer application and network requirements, and are all open standards-based – ensuring seamless integration with the more than 1.5 million other standards-based video endpoints installed worldwide, and ease-of-deployment into existing unified communications networks.
The flexibility of Polycom’s video and telepresence solutions enable customers in a host of different sectors to be more operationally efficient, and to deliver services more effectively. For example, Loddon Mallee Health Alliance in Australia is utilising Polycom’s video solutions to connect city-based trauma medicine specialists with critically ill patients in rural areas. Meanwhile, in preparation for next year’s World Expo 2010, Shanghai Municipal Electric Power Company in China has deployed Polycom video solutions in its mobile command vehicles to enable emergency response teams to connect with specialist technicians located back at base for the timely diagnosis and rectification of power failures.
“With an unrivalled heritage in collaborative communications, Polycom understands that visual communication is not one-size-fits-all; so we offer customers the broadest range of fully integrated solutions for video-enabling their organisations,” said Hansjoerg Wagner, vice-president and managing director of Polycom Asia Pacific.
“We are delighted that Frost & Sullivan’s research reinforces Polycom’s position as the dominant market leader in video conferencing endpoints for the Asia Pacific region, and we look forward to continuing in 2009 to provide customers with an outstanding collaboration experience, the best value, and the greatest flexibility through standards-based solutions so they can achieve the greatest returns on their investments,” added Wagner.