According to Frost & Sullivan, the web conferencing market is currently valued at $725.4 million and projected to reach $2.9 billion in the next 5 years, which equates to a market growth rate of 24.4%! Even more shocking is that the web conferencing technology penetration rate is less than 5%!
Frost & Sullivan also states that the web conferencing companies that are focused on integrating their technologies with Instant Messaging, VoIP, and video conferencing will benefit the most from the explosive growth over the next 5 years. WebEx already has WebEx AIM Pro Business Edition for enterprise instant messaging, built-in VoIP and video built on the H.264 video codec. Add WebEx Connect and you have a recipe for long-term success.
