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U.S. Vertical Markets for Videoconferencing SystemsPublished by: Frost & Sullivan Published: Jun. 16, 2005 Table of Contents1. U.S. Vertical Markets for Videoconferencing Systems 1. Market Overview 1. Introduction 2. Research Scope and Methodology 3. Product Segmentation and Definitions 4. Market Engineering Metrics 5. Total Market Forecast 6. State of the Vertical Videoconferencing Markets 7. Outlook for 2005 8. Market and Technology Developments 2. Videoconferencing Adoption in the Corporate Vertical Market 1. State of the Corporate Vertical Videoconferencing Market 2. Market Drivers 3. Market Restraints 4. Corporate Vertical Market Revenue Forecast 5. Outlook for Videoconferencing in the Corporate Vertical Market 6. Strategic Recommendations 3. Videoconferencing Adoption in the Government Vertical Market 1. State of the Government Vertical Videoconferencing Market 2. Market Drivers 3. Market Restraints 4. Government Vertical Market Revenue Forecast 5. Outlook for Videoconferencing in the Government Vertical Market 6. Strategic Recommendations 4. Videoconferencing Adoption in the Distance Education Vertical Market 1. State of the Distance Education Vertical Market 2. Market Drivers 3. Market Restraints 4. Role of the FCC in the E-rate Program 5. Distance Education Vertical Market Revenue Forecast 6. Outlook for Videoconferencing in the Distance Education Vertical Market 7. Strategic Recommendations 5. Videoconferencing Adoption in the Healthcare Vertical Market 1. State of the Healthcare Vertical Videoconferencing Market 2. Market Drivers 3. Market Restraints 4. Healthcare Vertical Market Revenue Forecast 5. Outlook for Videoconferencing in the Healthcare Vertical Market 6. State Licensure and National Regulation 7. Strategic Recommendations LIST OF FIGURES Chapter 1 Chapter 2 Chapter 3 Chapter 4 AbstractHigh Uptake of Videoconferencing Applications in Corporate and Government Verticals Reduces the Drawback of Low Awareness In spite of being a mature technology, videoconferencing lacks the critical mass to be considered an imperative enterprise technology. End users are still unaware of the benefits of videoconferencing outside of meetings. The technology’s high upfront capital expenditure and complexity also delay their purchase decisions. However, videoconferencing is witnessing remarkable uptake in the corporate and government vertical markets. The windfall from the corporate vertical is due to its need for converged and collaborative conferencing solutions and greater technology adoption by small and medium enterprises (SMEs). Meanwhile, the U.S. government vertical is looking to refine the organizational structure of the Department of Homeland Security (DHS) and streamline funding for individual departments, thereby stirring demand. This Frost & Sullivan research service looks at the U.S. vertical markets in which videoconferencing has found significant adoption, namely corporate, government, distance education, and healthcare. The study focuses on the current state of the market, its drivers, restraints, revenue forecasts, future market outlook, and strategic recommendations for each of the verticals. It enables companies to align their positioning strategies to benefit from the changing markets and obtain maximum return on investment. Promise of Cost Savings and Improved Productivity Drive Product Demand The events of September 11, 2001 and the subsequent increase in travel costs catalytically increased the usage of videoconferencing in enterprises. The continuing integration of videoconferencing with audio and Web conferencing further drives adoption rate in enterprises. Audio conferencing, followed by Web conferencing, are the most popular forms of conferencing technologies. This integration provides a complete conferencing solution to enterprises that employ collaborative business processes. Rising healthcare costs and healthcare institutions’ intent to service remote rural areas are expected to see usage of videoconferencing for direct patient care swell to 50 percent by 2008. Healthcare organizations are likely to adopt videoconferencing devices rapidly once they realize its potential cost savings. Videoconferencing is also finding significant traction in telejustice applications in various judicial environments. "Some telejustice applications include video arraignments, parole hearings, remote testimonies, psychiatric evaluations and consultations, and rehabilitative distance learning programs," says the analyst of this research service. Corporate, Government, Education, and Healthcare Verticals Hold Untapped Revenue Potential Each vertical market for videoconferencing applications provides many revenue opportunities for vendors. The corporate and government verticals are likely to experience the strongest growth in 2005 and 2006. In the corporate segment, even SMEs are buying into videoconferencing technology. Meanwhile, the tense political situation in the Middle East is expected to persist for a couple of years, during which time, there could be increased government funding to the DHS. Some of these funds are likely to be diverted for investments in videoconferencing technology. The distance education vertical is not anticipated to grow as rapidly as the corporate and government segments, mostly because of erratic funding from the federal government. "The distance education vertical is expected to experience double-digit growth rates only around 2008, when the U.S. administration realizes that it is facing educational issues with the current educational structure," notes the analyst. Get Full Details About This Report >> |
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