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RENO, Nev., March 05, 2018 -- New 2017 data from Synergy Research Group shows that after a prolonged period of tough market conditions, Q3 and Q4 both saw year-on-year growth in spending on telepresence. Telepresence vendor revenues in the second half of the year grew 21% from the first half and were up 4% relative to 2016. All four regions saw growth in the latter part of the year, with APAC and Latin America doing particularly well. The market has been slowly consolidating around the two leaders, Cisco and Polycom. For the sixth consecutive quarter their combined share of the worldwide market was over 75%, while all other vendors in aggregate have been losing about a percentage point of share per year.
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Total telepresence vendor revenues for 2017 came in just short of $2 billion, down marginally from 2016. With pricing now more stable and demand staying reasonably robust, Synergy forecasts that the market will grow over the next five years.
“The telepresence market has been on a bumpy ride for a while driven by a mix of aggressive price competition, technology disruption and the introduction of newer, lower priced systems,” said Synergy Research Group’s founder and Chief Analyst Jeremy Duke. “Our research over the last 12 months is showing a strong indication of price stabilization and we anticipate positive revenue growth in much of the telepresence market in 2018.”
About Synergy Research Group
Synergy provides quarterly market sizing and segmentation data on IT, cloud and related markets, including company revenues by segment and by region. Synergy Research Group (www.srgresearch.com) helps marketing and strategic decision makers around the world via its unique insights and in-depth analytics.
To speak to an analyst or to find out more about how to access Synergy’s market data, please contact Heather Gallo @ [email protected] or at 775-852-3330 extension 101.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/72b35644-9eb3-4dff-a3e3-fe31b7b499bf
