Global Web Conferencing Market Disrupted by New Technologies, Mobility and Social Collaboration, Finds Frost & Sullivan

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Global Web Conferencing MarketGlobal Web Conferencing Market Disrupted by New Technologies, Mobility and Social Collaboration, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Jan. 21, 2014 -- Work styles are rapidly evolving, with more than 10 million mobile downloads for web conferencing solutions in 2013 Web conferencing vendors are looking to tap the significant opportunities created by the emergence of disruptive new services, mobility and social collaboration. The transition from audio-only communication to richer audio, web and video collaboration is urging market participants to offer web conferencing solutions that not only facilitate online meetings, but serve as social and collaborative platforms. Rising consumerization, the need for flexible work styles, and the rapid pace of technology change among businesses are further triggering the demand for web conferencing technologies. New research from Frost & Sullivan, the Analysis of the Global Web Conferencing Market, finds the market earned revenue of $1.80 billion in 2012 and estimates this to reach $2.88 billion in 2017 at a compound annual growth rate of 9.8 percent. The demand for web conferencing is growing rapidly with several vendors reporting more than 25 to 30 percent increase in usage.

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Published 21 January 2014
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Global Web Conferencing Market Disrupted by New Technologies, Mobility and Social Collaboration, Finds Frost & Sullivan

PR Newswire

-- Work styles are rapidly evolving, with more than 10 million mobile downloads for web conferencing solutions in 2013