Worldwide revenue for enterprise videoconferencing and telepresence equipment and software declined 3.5 percent year-over-year and 20 percent sequentially to $661 million in the first quarter, according to the latest stats from Infonetics Research.
Cisco and Polycom posted double-digit declines in enterprise videoconferencing and telepresence equipment revenues in the first quarter of 2013, according to the latest stats from IDC.
ORLANDO, Fla.-- There will be 50 billion connected devices by 2020, generating $14.4 trillion in value, said Robert Lloyd, president of development and sales at Cisco, here at Enterprise Connect Orlando 2013.
Cisco and Polycom are the two dominant vendors in the declining immersive telepresence market, with Huawei, Teleris, Radvision and Vidyo tagged as major players, according to IDC's first MarketScape report on immersive telepresence.
Polycom received a chilly reception in the enterprise videoconferencing and telepresence market in the third quarter, posting a 15.2 percent year-over-year revenue decline, according to the latest data from IDC.
A price war over telepresence equipment could be in the offing after Chinese telecom equipment maker Huawei Technologies threw down the gauntlet this week to Cisco.
Revenues generated by the enterprise videoconferencing and telepresence market dropped to $644 million in the second quarter of 2012, a 6 percent decline from the same quarter last year, according to market research firm Infonetics Research.
Videoconferencing company Vidyo recently proclaimed 2011 as a big year for videoconferencing advancements, and coming off of a year in which Vidyo raised new finding and debuted its solution for the Apple iPad, its celebration of 2011 may be no surprise.
Juniper Networks (NYSE: JNPR) is investing in video conferencing company Vidyo, through its Junos Innovation fund. The networking company is joining lead investor QuestMark Partners in the funding
Cisco (Nasdaq: CSCO) teamed with Tata Communications (NYSE: TCL) and BizKomm, a Cisco registered partner in Russia, to launch the public telepresence room in Moscow's Monarch business center. The