Its revenue grew at 24.3% year over year, says IDC
International Data Corporation (IDC) in its Worldwide Enterprise Videoconferencing and Telepresence QView, which provides quarterly market size and vendor share data for key market technologies, said the third quarter of 2011 saw strong results for the enterprise videoconferencing and telepresence market with revenue growing 24.3% year over year to $680.4m.
On the other hand, the single-codec telepresence segment of the market grew 36.6% year over year to $379.7m and now accounts for 55.8% of the total market.
IDC senior analyst Enterprise Communications Infrastructure Rich Costello said only recently have enterprise networks and videoconferencing technology, epitomised by HD and telepresence systems, been capable of delivering collaboration experiences worthy of initiating a video session, versus having a conference call or hopping on a plane."IDC expects major revenue growth in this market to continue over the next five years, bolstered by a significant impact from unified communications, collaboration applications, telepresence systems, and desktop and mobile devices supporting video," Costello stated.
Cisco's third quarter results beat the overall market with 32.5% year-over-year growth. Cisco remains the clear market leader in this segment, now holding 51.6% of the market, which is an improvement over the 50.4% in 2Q11 and 48.4% in 3Q10.
Polycom's revenue increased 19.4% in the third quarter, which was not very different from its normal growth that has been varying in the 19-26% range for year-over-year since 1Q10.