Frost & Sullivan: Australia video conferencing market to witness strong growth despite weak economic conditions

Frost & Sullivan: Australia video conferencing market to witness strong growth despite weak economic conditions PR Newswire SYDNEY,, June 6, 2012 - The video conferencing market grew 28.7% in 2011. The immense opportunities in end points and channels are driving vendors and channels to secure a share of the market. SYDNEY, June 6, 2012 /PRNewswire/ -- The total Australian video conferencing market, which includes services and product (video conferencing endpoints) grew 28.7% from 2010. Frost & Sullivan's latest report, Australian Video Conferencing Market Report, due for release in May 2012 combines end points, infrastructure and services. Audrey William, Head of Research, Australia and New Zealand, ICT said The Australia video conferencing market, including video conferencing end points, infrastructure and services, is expected to be worth over AUD700 million by 2018. Whilst there will be strong growth for endpoints, the services market is offering increasing opportunities for vendors and channels mainly in the areas of cloud-based video conferencing and managed services. "The Australian video conferencing market is expected to register a healthy growth of close to 18% over the forecast period. Given the current economic climate, with generally cautious IT spending, this healthy growth rate suggests that businesses still see video conferencing as an attractive option for reducing travel costs.