RENO, Nev., March 5, 2018 (GLOBE NEWSWIRE) -. New data from the 2017 Synergy Research Group shows that after a prolonged period of difficult market conditions, Q3 and Q4 have experienced telepresence spending growth. Revenues for telepresence providers in the second half of the year increased 21% from the first half of the year and grew 4% over 2016. All four regions experienced growth in the latter half of the year. year, Asia-Pacific and Latin America working particularly well. The market has slowly consolidated around the two leaders, Cisco and Polycom. For the sixth consecutive quarter, its combined share in the global market was above 75%, while all other suppliers, in general, lost about one percentage point of participation per year.
Revenue from telepresence providers in 2017 reached nearly $ 2 billion, a marginal drop from 2016. With prices now more stable and demand remaining reasonably robust, Synergy expects the market to grow over the next five years. years.
"The telepresence market has been on a bumpy road for a combination driven by aggressive price competition, technological disruption and the introduction of new systems and less expensive time," said Synergy Research founder and chief analyst Group, Jeremy Duke. "Our research over the past 12 months shows a strong indication of price stabilization and we expect positive revenue growth in much of the telepresence market in 2018."
About the Synergy Research Group
Synergy provides quarterly data on the size and market segmentation in the areas of IT, cloud and related markets, including company revenues by segment and region. Synergy Research Group (www.srgresearch.com) helps marketing and strategic decision-makers around the world through their unique insights and in-depth analysis.
Revenue from telepresence providers in 2017 reached nearly $ 2 billion, a marginal drop from 2016. With prices now more stable and demand remaining reasonably robust, Synergy expects the market to grow over the next five years. years.
"The telepresence market has been on a bumpy road for a combination driven by aggressive price competition, technological disruption and the introduction of new systems and less expensive time," said Synergy Research founder and chief analyst Group, Jeremy Duke. "Our research over the past 12 months shows a strong indication of price stabilization and we expect positive revenue growth in much of the telepresence market in 2018."
About the Synergy Research Group
Synergy provides quarterly data on the size and market segmentation in the areas of IT, cloud and related markets, including company revenues by segment and region. Synergy Research Group (www.srgresearch.com) helps marketing and strategic decision-makers around the world through their unique insights and in-depth analysis.
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