The Asia-Pacific videoconferencing endpoints market recovered strongly from an anemic performance in 2005, turning in robust growth over the last two years. Revenues grew 20.3 percent and 17.6 percent in 2006 and 2007 respectively, driven by stronger capital expenditure in IT against a backdrop of sturdy economic growth and FDIs (foreign direct investments) in the region.
Asia Pacific Videoconferencing Endpoints Market CY 200, finds that the market - covering six sub-regions in Asia-Pacific - earned revenues of US$297 million in 2007 and estimates this to reach US$647.7 million by end-2014, at a CAGR (compound annual growth rate) of 11.8 percent (2007-2014).
Greater China was the single largest market accounting for 56 percent (or US$166 million) of the revenues in 2007, followed by Japan (19 percent), Australasia (10.4 percent) and India (7.7 percent).
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The upbeat trend is backed by the increasing need for real-time collaboration, enhanced high definition video and audio solutions, the buzz around telepresence and the growing focus on unified communications as business productivity tools among enterprises.
Environmental issues and the mounting pressure on enterprises to fulfill their corporate social responsibility towards a greener environment is further prompting wider adoption of videoconferencing. Companies today are seeking ways to measure carbon footprint and the impact of applying conferencing and collaboration tools to address environmental issues in real terms.
Other external factors such as high travel cost, air travel disruption, terror threats, business globalization, and improved network infrastructure will also drive the adoption of videoconferencing solutions.
The Asia Pacific Videoconferencing Endpoints Market CY2007 study is part of the Conferencing & Collaboration Growth Partnership Service program, which also includes research in the following markets: telepresence, videoconferencing infrastructure, and web conferencing software and services. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Analyst interviews are available to the press. Ved Prakash, ITvoir Network
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