Video hardware revenues are expected to stagnate as video conferencing software grows in popularity. Vendors may be in trouble if they don’t adapt to a changing market.
Hardware-based video conferencing is going the way of the PBX as organizations increasingly opt for video conferencing software options.
According to a recent report from ABI Research, revenues for enterprise video conferencing infrastructure and endpoint hardware will stagnate through 2020 at a 2.1% compound annual growth rate.
The trend toward an increasingly virtualized video conferencing market has been accelerating the past few years, said Irwin Lazar, analyst and service director at Nemertes Research.