By Amy Tierney, TMCnet Web Editor
Blame it on the global economic recession. The apparent growth in the Asia-Pacific video conferencing infrastructure market is expected to decline this year as companies scale back on expenses, a recent Frost & Sullivan report found.
The report, called “Asia-Pacific Video Conferencing Infrastructure Market,” predicted the market would rise only 11.4 percent this year compared to 15.7 percent in 2008. Yet spending is on infrastructure is expected to rise again as companies adopt high-definition video conferencing systems, which require infrastructure upgrades, the report said. The market, which covers 13 Asia-Pacific countries, is expected to increase from $83.1 million in 2008, to $238.7 million by 2015, rising at a compound annual growth rate of 14.4 percent.
The findings, however, come as no surprise to industry experts. Bob McCandless, CEO of BrightCom, a Huntington Beach, Calif.-based provider of integrated telepresence and video conferencing solutions, spoke with TMCnet about the research and how the telepresence provider is addressing businesses’ needs in wake of the turbulent economic times.