Worldwide Conferencing Applications Market Will Continue to Thrive and Top $1.1 Billion in 2006, Accroding to IDC
FRAMINGHAM, MA – APRIL 29, 2002 – Despite challenging times for much of the rest of the software and services industry, the worldwide conferencing applications market is thriving and expected to top $1.1 billion in 2006, according to IDC.
"Two-thousand one was the year opportunity knocked for conferencing applications vendors," said Robert Mahowald, senior analyst for IDC’s Collaborative Computing program. "The surge in demand will continue to kick vendors into high gear to tailor offerings to different types of interactions, and to convert more audio conferencing customers to integrated conferencing applications customers. The result will be more streamlined, easy-to-use applications for customers and faster growth for vendors."
Conferencing vendors who provide better integration with other collaborative and business applications and present business-critical uses for these applications will have the most success in minimizing the threat from potential market substitutes. Additionally, vendors who develop new strategies to extend conferencing deeper into existing accounts and user populations will be able to gain the most market share.
IDC’s recently published document, Worldwide Conferencing Applications Forecast, 2002-2006: Opportunity Knocks (IDC #26799) presents a five-year revenue forecast by region and operating environment, and examines forecast assumptions and market trends to provide insight into how conferencing is evolving and how to make the most out of opportunities for conferencing applications. Vendor-specific market shares, profiles, and analysis will be published separately.
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