Leading videoconferencing and telepresence gear makers Cisco Systems and Polycom are facing increased competition from China’s Huawei Technologies even as revenue growth in the market flattens.
In 2018, global sales of videoconference and telepresence gear will reach $1.997 billion, barely up from $1.987 billion this year, says market research firm IDC.
The market is in flux as customers sort through an increasing number of products with varying price tags, says Rich Costello, an analyst for market research firm IDC.
“It’s ultracompetitive,” Costello told IBD. “There are new products, lower-cost products, software-based products, and then there are video cloud services.”
In Q2, videoconferencing and telepresence gear sales rose 1.8% from Q1 2014 but fell 9% from Q2 2013, says IDC.