Need for Better Collaboration in Business Propels Managed Visual Services Market in Asia Pacific, Finds Frost & Sullivan

Need for Better Collaboration in Business Propels Managed Visual Services Market in Asia Pacific, Finds Frost & Sullivan PR Newswire SINGAPORE, Oct. 17, 2012 - Interoperability of solutions through standardization and network interconnectivity is vital SINGAPORE, Oct. 17, 2012 /PRNewswire/ -- The managed visual services market in Asia Pacific is expected to grow rapidly due to the growing business need for alternate means of communication with clients, partners, and coworkers. Enterprises are looking for ways to increase productivity and efficiency while containing costs and minimizing capital expenditures in technology, driving the need for effective visual collaboration services. New analysis from Frost & Sullivan (http://www.conferencing.frost.com), Visual Collaboration Managed Services Market, finds that the market earned revenues of over $24.3 million in 2011 and estimates this to reach $266.5 million in 2017. Managed visual collaboration helps enterprises do away with the heavy capital investment in purchasing, maintaining, and upgrading hardware and software. More importantly, it provides opportunities for increased communication among employees, better utilization of time, and faster decision making. "Frequent and interactive consultations among key stakeholders benefit the entire organization," said Frost & Sullivan Senior Analyst Rohit Partha. "It reduces execution time for project teams and enables quicker launch of products, thereby shortening the sales cycle.