Results reflective of the ongoing market transition from a primarily hardware-based technology to one impacted by the growing interest in software-based solutions and video subscription services.
Enterprise videoconferencing and telepresence equipment showed positive results in the fourth quarter of 2014 (4Q14), with overall revenue increasing 15.8 per cent quarter over quarter and 4.0 per cent year over year.
IDC reports that total worldwide enterprise video equipment market revenue in 4Q14 was $613 million, up from $529 million in 3Q14 while the total number of videoconferencing units sold in 4Q14 increased 15.7 per cent quarter over quarter and 25 per cent year over year.
For the full year 2014, revenue declined -6.8 per cent versus 2013, the third consecutive year of decreasing full-year revenue in this market.
“Although the worldwide videoconferencing equipment market enjoyed positive quarter-over-quarter and year-over-year revenue growth in some market segments in 4Q14, overall the market experienced its third consecutive year of declining revenue in the full-year 2014,” says Rich Costello, Senior Analyst, Enterprise Communications Infrastructure, IDC.
