Bharat Book

Global businesses switch to web conferencing in fight to cut costs available through bharatbook.com

Press Release   •   Feb 21, 2011 14:04 IST

Bharatbook.com includes latest report report on "The Future of Audio and Web Conferencing" Businesses across the globe will increasingly rely on web conferencing instead of travelling to meet face-to-face in a bid to cut costs in the aftermath of the recession, predicts Ovum.

In a new report "The Future of Audio and Web Conferencing ", the independent telecoms analyst forecasts that spending on web conferencing will grow at a compound annual growth rate (CAGR) of more than 18 per cent over the next five years. (http://www.bharatbook.com/detail.asp?id=172031&rt=The-Future-of-Audio-and-Web-Conferencing.html) The report shows that globally businesses’ spending on web conferencing will hit $2.7 billion by 2015, more than double the $1.2 billion reached in 2010.

Richard Thurston, Ovum senior analyst and author of the report, said: “Web conferencing is bringing about a radically different way of working for businesses across the globe. Web-based meetings enable enterprises to communicate effectively with customers, colleagues and business partners without leaving their office. This means a radical scaling back of face-to-face meetings and therefore corporate travel.

“Web conferencing is growing rapidly in popularity among companies of all sizes, meaning they can hit both their cost and carbon reduction targets, while increasing worker productivity and decreasing time to market. Business executives are increasingly recognising these benefits.”

In the UK, spending on web conferencing will grow from $82 million in 2010 to $185 million in 2015, while in the US it will grow from $426 million to $859 million. In India, spending on web conferencing will increase from $11 million last year to $42 million in 2015.

Growth in web conferencing is also being driven by globalisation and mobile and home-based working, which are causing workers to become more geographically spread. There is also strong interest in a new breed of technology that has recently been released. One of the critical advances is the use of video, meaning employees can see each other as they communicate.

“We are seeing a revolution in workplace communications, and at the heart of this is video-based web conferencing,” said Thurston. “The technology is maturing and can now offer a quantifiable and much stronger return on investment. Because of this, we expect rapid growth in web conferencing to occur over the next five years.”

For more please visit http://www.bharatbook.com/detail.asp?id=172031&rt=The-Future-of-Audio-and-Web-Conferencing.html

OR Contact us at

Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Follow us on twitter: http://twitter.com/3bbharatbook

Related Reports

Report on Web Conferencing Services World Market Segmentation by City
http://www.bharatbook.com/detail.asp?id=95195&rt=Report-on-Web-Conferencing-Services-World-Market-Segmentation-by-City.html

The 2009-2014 Outlook for Web Conferencing Services in The Middle East
http://www.bharatbook.com/detail.asp?id=127614&rt=The-2009-2014-Outlook-for-Web-Conferencing-Services-in-The-Middle-East.html

Bharatbook.com includes latest report report on "The Future of Audio and Web Conferencing" Businesses across the globe will increasingly rely on web conferencing instead of travelling