Web Conferencing Resources

Webconferencing and Collaboration Market Grows 22% in 2008

October 31, 2008 – 11:06 pm

In a recent study by Gartner Inc., the research firm found that the web conferencing market is on pace to reach $2 billion in sales in 2008, which represents a 22% increase over the revenue compared with 2007. Rising fuel costs, a slowing economy, and a rising concern for the environment have all attributed to the success of webconferencing and other online collaboration technologies.

Gartner Research Analyst, Bianca Granetto:

This is the fifth consecutive year that the market has exhibited greater than 20 per cent growth year-on-year as more organizations have moved from an experimental phase to a richer experience and engagement phase of use

In Europe, the Middle East and Africa, the total market for web conferencing and collaboration technologies is set also on pace for record growth with a 2008 jump of 28.6 percent to reach $500.3 million in 2008. Western Europe, which holds 90 per cent market share of the web conference and collaboration market in the Europe/Middle East and Africa market, is expected to grow 26.5 percent while the Middle East and Africa will increase 45 percent over last year

Over the last couple of years, there has been a strong trend in growth among web conferencing, video conferencing and collaboration technologies. Gartner anticipates that instant messaging will become as popular as email by 2010, and videoconferencing will evolve to the desktop to support ad hoc conversations and become more cleanly integrated with web conferencing, IM and voice over IP systems.