The worldwide audio conferencing market will be worth more than $US1.8 billion, with a total of 26.7 billion minutes, in 2007 according to Ovum Research
For the Asia/Pacific region, including China and India, Ovum predicted that the audio conferencing market will be worth $US233 million with a total of 4.1 billion minutes in 2007.
The worldwide video conferencing market, in which Ovum included revenue from both suite-based and desktop-licensed solutions, continues to grow as these total 1.6 million connections in 2007. Ovum excluded non-licensed solutions such as Skype.
Demand for Web and integrated conferencing solutions is the fastest-growing segment of the conferencing market with worldwide revenues forecast to increase from $US980 million in 2007 to $US2.6 billion in 2011.
Despite the continued erosion of audio minutes tariffs, the rise in audio conferencing volumes offsets an overall decline in market value. In the Asia/Pacific region Ovum forecast revenue growth of 20 per cent over the period 2006-2011. However, for China and India Ovum predicted further tariff declines for audio conferencing due to competitive pressures and a growth of between two and three per cent over the period 2006-2011. The migration to Web and integrated conferencing will also affect the audio market, where Ovum sees the integrated conferencing market growing 97 per cent during the 2006- 2011 period. Ovum believes the Web conferencing market will grow by 53 per cent over the 2006-2011 period.
The demand for high definition video suite conferencing is experiencing an uplift as a result of several successful new product launches in 2007.