IDC Reports VTC Market is now $2.7 Billion

polycom-video-conferencing-photo-0212Results from the International Data Corporation (IDC) Worldwide Enterprise Videoconferencing and Telepresence Qview showed a strong fourth quarter of 2011 (4Q11), with videoconferencing revenue growing 19 percent quarter over quarter and 24.6 percent year over year to reach $807.9 million. Specifically, the single-codec telepresence segment of the market grew 38.7 percent year over year to $444.1 million and now accounts for 55.0 pecent of the total market.

For the full year 2011, total enterprise videoconferencing market revenue reached $2.7 billion, an increase of 20.5 percent over the full year 2010. This compares favorably versus the 16.6 percent growth we saw in 2010 over 2009, further pointing to an accelerated adoption of video in the enterprise.

Key Vendor Highlights:

  • Cisco 4Q11 results beat the overall market with its 35 percent year-over-year growth. Cisco remains the clear market leader and now holds 54.3 percent of the market, which is an improvement over the 51.7 percentin 3Q11 and 50.2 percent in 4Q10. Cisco’s full year 2011 revenue increased 48.7 percent over the same period in 2010.
  • Polycom’s revenue increased 15.2 percent year over year in 4Q11, which meant that Polycom recorded 20.8 percent annual growth for the full year 2011.

See the full report details here: http://www.idc.com/getdoc.jsp?containerId=prUS23344012