DUBLIN--(http://www.researchandmarkets.com/research/18ab4c/global_web_confere) has announced the addition of the "Global Web Conferencing Market 2010-2014" report to their offering.)--Research and Markets(
TechNavio's analysts forecast the Global Web Conferencing market to grow at a CAGR of 19.8 percent over the period 2010-2014. One of the key factors contributing to this market growth is high adoption of SaaS-based web conferencing by enterprises across the globe. The Global Web Conferencing market has also been witnessing high adoption of web conferencing products by SMBs especially in the APAC region. However, interoperability issues with web conferencing products from different vendors could pose a challenge to the growth of this market.
Key vendors dominating this market space include Cisco Systems, Citrix, Microsoft, IBM, and Adobe.
Commenting on the report, an analyst from TechNavio's Telecom team said, The market is witnessing high growth in the APAC region compared to other regions such as the Americas and the EMEA region. This is mainly due to large numbers of SMBs existing in this region. Also low penetration of web conferencing is also responsible for high growth achieved in the region. With major IT companies outsourcing their backend support to this region, web conferencing enables companies to increase their productivity through collaboration by bringing employees across different geographies to a single table.
According to the report, geographically diversified teams located across different continents are one of the main reasons for high adoption of web conferencing. Enterprises are able to significantly reduce their cost as they have to invest a lot on business travel. With web conferencing, enterprises can save a lot by reducing business travel. Also enterprises can improve their productivity by using the same time consumed in travel to initiate other meetings.
The report also discusses key challenges faced by this market including decreasing prices of products.
For more information visit http://www.researchandmarkets.com/research/18ab4c/global_web_confere