Video Conferencing Market to Reach $11.9 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

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What’s the difference between Video Conferencing and Telepresence?

Telepresence picks up where video conferencing left off. Telepresence IS real time, full-high-definition, immersible sound and vision. Telepresence IS most importantly: the feeling of being “there” when you’re “here”. Telepresence is lifelike, video conferencing is not. Telepresence is that hi-line Mercedes AMG, video conferencing is a Ford Escort - Period.

Why Telepresence now?

Video conferencing has been around a while now but has always lacked the feeling we spoke about above. Jumpy computer screens, broken audio and poor lighting add to the impersonal touches of video conferencing (ie slow motion camcorder on top of your computer monitor). Finally, technology, bandwidth, vision and sound have all converged on video conferencing to create the telepresence experience. It’s about time! Crystal clear surround sound and real-time full-high-definition visual effects enhance the feeling of being there – thus telepresence. That nervous twitch, roll of the eyes, sniffle, tap of the foot – things you see when you’re present and sitting across a conference room table – things you don’t see or feel from video conferencing, but do with telepresence.

Today, what “real” uses are there for Telepresence?

There is no short answer even possible here. We’ll name a few, more like we’ll put your imagination to work. Imagine a single specialist doctor in Canada treating patients in Haiti via telepresence. Robots in space doing the actual work while the telepresence operator dons his telepresence helmet and gloves at his workstation in Texas. Meeting your Russian company vice president while you’re in the executive telepresence room at the office in Denver. Just a few…

What are “real” savings of Telepresence?

Your imagination still working on the last answer? Don’t let up yet! What carbon footprint? Don’t need that airplane ticket to go check on your staff in Russia now do you? What lost life in the Iraqi war? Unmanned drones and soldiers via telepresence. Military and combat cost savings? Immeasurable. Less travel costs, airline frustration, fuel, lost time, carbon emissions, etc. Those are tangible, real savings to name just a very limited few.

You starting to see what telepresence can do that video conferencing can’t? We hope you see what we’re seeing! Telepresence – its time has arrived!

Check out the video thread in Section 8 of the Telepresence Forum where you can watch some Telepresence YouTube videos! If a picture is worth a thousand words, a video must be worth a million!

Ride on the "Next Plane of Existence" TM

San Jose, California (PRWEB) July 18, 2007 -- Over the years, video conferencing has evolved into a cutting-edge technology facilitating real-time, in-person, and face-to-face conversation. In the present scenario, the technology has successfully entered the lexicon of modern communication mix. With technological advancements, video conferencing has reached 3G mobile applications arena including streaming, instant messaging, scheduling, and others.

Video conferencing is offered on two underlying networks - Integrated Services Digital Network (ISDN) and Internet Protocol (IP). Improved flexibility, seamless integration with other applications, enhanced reliability, and lower cost of networks are propelling the industry to adopt video conferencing based on IP networks. Key factors influencing growth include lower costs, high picture quality, clarity in audio, uninterrupted connections, and reduced transmission delays. Use of 3G networks for mobile video conferencing is also a key driver of market growth.

United States is the largest market worldwide, worth an estimated US$4 billion in 2007. Europe is the second largest regional market followed by Asia at third position. Europe and the US together account for close to 75 percent of the global video conferencing (www.strategyr.com/MCP-1062.asp) market. The global and regional markets are expected to grow at CAGRs ranging between 6% and 14%. Video conferencing services (www.strategyr.com/MCP-1062.asp) represent the largest market segment with revenues estimated at US$6.7 billion in 2007. IP video conferencing systems is expected to be worth US$1.2 billion by 2010 while IP Services (www.strategyr.com/MCP-1062.asp), one of the fastest growing market segments, is projected to reach US$8.3 billion by 2010.

The global marketplace is characterized by the presence of major telecom companies as well as systems and service providers. The three-tier market structure includes participants such as AT&T, Avaya, Emblaze-VCON, Genesys Conferencing Inc, Global Crossing Limited, Alcatel-Lucent, Polycom, Inc, Sony Electronics, Inc, Sprint Nextel Corporation, TANDBERG ASA, Verizon Business, VTEL Corp, Wire One Communications, Inc and others. Several regional players operate in the US and European services market.

"Video Conferencing: A Global Strategic Business Report" provides a comprehensive review of market trends, challenges, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of product/technology segments including video conferencing systems (IP & ISDN), and video conferencing services (IP, ISDN & Others).

For more details about this research report, please visit www.strategyr.com/MCP-1062.asp.

About Global Industry Analysts, Inc.:

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Web Site www.StrategyR.com

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