New Frost & Sullivan Report Names Polycom as a Leading Provider of Video Conferencing Solutions in India
Polycom, Inc recently announced that according to a newly released report from Frost & Sullivan Research titled “Video Conferencing Endpoints & Infrastructure Market in India CY 20111," the company has been named as a leading provider of video conferencing systems and infrastructure within the Indian market. The total market-share of Polycom in 2011 was 50.2 percent.
In a release, Mr. Neeraj Gill, managing director, India and SAARC, Polycom said that, “Polycom’s vision is to make video collaboration ubiquitous, and we’re delivering on that vision by creating software-based innovations for mobile, social, and cloud platforms, and working with nearly 7,000 partners to drive interoperability and extend the reach of video. These latest market share numbers by Frost & Sullivan show that our strategy is working. Polycom has taken the market share lead in India and intends to continue to grow.”
Based on a 45 percent growth in the video conferencing endpoint market which allowed it to capture 50.6 percent of the market share, the report found that Polycom has emerged as a preferred partner for video collaboration systems and infrastructure within the Indian market. The report also found that the company witnessed an impressive growth rate of 57.4 percent through last year, allowing it to capture 48 percent of the market share.
Mr. Neeraj Gill said that, “The video collaboration sector in India is at an interesting stage in its evolution, with an increasing number of enterprises realizing and reaping the benefits of video collaboration solutions to aid in organizational growth. The past year has seen new sectors such as entertainment; healthcare, finance, education, and manufacturing explore and deploy video collaboration solutions, while existing customers are looking to enhance their existing video environment.”
According to the Frost & Sullivan report, the total value of the video conferencing market in India was USD$83.2 million with a growth rate of 38.9 percent in 2011 as compared to the previous year. Current market trends also indicate that the compound annual growth rate (CAGR) will sit at 20.1 percent in the coming seven years.
Some of these trends include viewing of video as a corroborative solution in business processes by enterprises; service provider community's greater support for deployment of managed video conferencing services; improved system integrators reach; and enhanced demand for open standards by enterprises. There is also a growing demand for HD-based immersive solutions which indicates a growing requirement of advanced technology solutions.
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Edited by Brooke Neuman