Telepresence Market Rebounds; Cisco and Polycom Lead the Way
RENO, NV, March 5, 2018
New 2017 data from Synergy Research Group shows that after a prolonged period of tough market conditions, Q3 and Q4 both saw year-on-year growth in spending on telepresence. Telepresence vendor revenues in the second half of the year grew 21% from the first half and were up 4% relative to 2016. All four regions saw growth in the latter part of the year, with APAC and Latin America doing particularly well. The market has been slowly consolidating around the two leaders, Cisco and Polycom. For the sixth consecutive quarter their combined share of the worldwide market was over 75%, while all other vendors in aggregate have been losing about a percentage point of share per year.
Total telepresence vendor revenues for 2017 came in just short of $2 billion, down marginally from 2016. With pricing now more stable and demand staying reasonably robust, Synergy forecasts that the market will grow over the next five years.
“The telepresence market has been on a bumpy ride for a while driven by a mix of aggressive price competition, technology disruption and the introduction of newer, lower priced systems,” said Synergy Research Group’s founder and Chief Analyst Jeremy Duke. “Our research over the last 12 months is showing a strong indication of price stabilization and we anticipate positive revenue growth in much of the telepresence market in 2018.”
About Synergy Research Group
Synergy Research Group, now part of TechInsights, delivers quarterly analyses of global IT and Cloud markets, offering detailed breakouts of vendor revenues and shipments by segment and region. Market shares and forecasts are provided through Synergy Interactive Analysis (SIA™) — the industry's only fully proprietary SaaS platform purpose-built for market share and forecasting analytics.
For more than 25 years, Synergy has been a trusted source of quantitative research and market intelligence across emerging communications and technology sectors. By combining syndicated research with specialized consulting, we deliver actionable intelligence to marketing and strategy executives worldwide.
A trusted source of accurate market data, Synergy is cited by industry leaders as well as leading financial, business, and trade publications such as The Economist, The New York Times, The Wall Street Journal, United States Federal Reserve Board, NPR, Forbes, Bloomberg, Financial Times, Bank of England, Fortune, and The Guardian.
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