Businesses adopting telepresence solutions is continuing to grow with the market seeing a growth of over twenty four percent in Q3 of 2011. The research gathered by the International Data Corporation stated that Cisco Telepresence now has a 50.4% market share, whilst Polycom saw their revenue increase by over nineteen percent.
The development of networks and telepresence technology now means employees across the globe can now collaborate without the needing to travel, saving time and reducing travel expenditure.
The growth of the telepresence market, 20 percent year on year, is expected to continue over the next five years, helped by the impact of supported mobile and desktop devices.
Federal departments will increasingly replace travel by using remote meeting alternatives such as telepresence, which is similar to videoconferencing but enables participants to see life-size, full-motion video with high-quality sound. These alternatives are more cost-effective than travel and will increase productivity, as public servants will spend less time in transit. In particular, Economic Action Plan 2012 announced that the Government would develop a strategy to expand the use of telepresence and other remote meeting solutions. Further to this commitment, the Government will dedicate $20 million of existing Shared Services Canada funding to improve the Government’s telepresence capacity and other comparable technologies. Shared Services Canada will monitor the use of the Government’s videoconferencing facilities and will work with the Treasury Board Secretariat to ensure that these facilities are used to the fullest extent possible.
Global video conferencing revenue fell 4.8 percent in the third quarter from the same period in 2011 but jumped 7.1 percent from the second quarter. Revenue for larger, multi-codec immersive telepresence systems showed the sharpest decline, with a 35.8 percent year-over-year drop. Sales of other components in video conferencing systems—including gateways and firewalls—dropped 26.8 percent. However, the single-codec segment of the market saw revenue grow 0.4 percent, personal video conferencing jumped 8.7 percent, and sales of video multi-control units (MCUs)—for multi-party video conferences—rose 5 percent.
Video conferencing is one of the tech tools businesses have used to communicate with colleagues, suppliers and customers – often with unsatisfactory results. But two business trends are growing to make its latest incarnation, telepresence conferencing, a compelling proposition: the rising cost of business travel and the growth in remote working.