LONDON--(BUSINESS WIRE)--The global web conferencing market continues to grow at a healthy pace, fueled by the rising need for real-time collaboration. Revenues in the total web conferencing market reached sizeable market revenues in 2010. User demand is growing rapidly while revenue growth is starting to slow down due to increased market maturity and the impact of declining prices.
The value proposition of web conferencing solutions is improving at a fast pace driven by better user experience, mobility enhancements, and robust videoconferencing. Furthermore, declining prices are prompting customers to expand usage.
As users adopt the next generation of communications, collaboration is quickly becoming the backbone of enterprise communications. Revenues for web conferencing are expected to reach $x.xx billion in 2015, supporting a widening user base and a projected revenue growth of xx.x percent (CAGR 2010-2015)*.
Hosted services or Software as a Service (SaaS) is the dominant model contributing a significant percent of total web conferencing revenues, growing in 2010. Based on an OPEX model, cloud technologies are creating time to market advantage for organizations of all size.
* The figures are not yet final and will be available at a later date.
Analysis of the Global Web Conferencing Market
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