The Internet is rapidly changing the way businesses collaborate. Instead of spending time and money traveling by plane, executives and teams can communicate using video conferencing technology with the click of a button. According to ReportsNReports.com, the global enterprise video market is expected to grow at a 20.4% compound annual growth rate through 2019.
While Cisco Systems Inc. (NASDAQ: CSCO) and Polycom Inc. (NASDAQ: PLCM) are some of the largest players in the enterprise video industry, ClearOne Inc. (NASDAQ: CLRO) is a promising small-cap that deserves a closer look. The company is already a leader in the enterprise installed audio space and is leveraging its customer base to target underserved small and medium businesses in the enterprise video market.
In this article, we’ll take a look at the company’s technology, expansion strategy, and why investors should take a closer look at the stock.