Frost & Sullivan annual market studies separately reaffirm Polycom's position as dominant leader in Asia Pacific VC endpoints and infrastructure market
11 Jun 2010 : Polycom, Inc. (Nasdaq: PLCM), the global leader in telepresence, video and voice communication solutions, has been named as Video Conferencing Vendor of the Year at the 2010 Frost & Sullivan Asia Pacific ICT Awards. Polycom was chosen by a panel of esteemed Asia Pacific industry leaders, based on a selection of criteria including revenue growth and performance, market share, product innovation and portfolio diversity.
Now in its seventh consecutive year, the Frost & Sullivan Asia Pacific ICT Awards recognise companies that demonstrate best practices in their industry, commending the diligence, commitment and innovative business strategies required to advance in the global marketplace.
Separately, Polycom has once again been recognised as the dominant vendor in the fast-growing Asia Pacific video conferencing endpoints market, as well as the video conferencing infrastructure market. Frost & Sullivan's recently released research study, entitled ‘Asia Pacific Video Conferencing Endpoints Markets', has found that Polycom captured a staggering 29.5 per cent market share of Asia Pacific VC endpoint revenues during 2009 – almost double that of its nearest competitor. In addition, Polycom's market leading share in video conferencing infrastructure was 24 per cent, according to the research study entitled ‘Asia Pacific Video Conferencing Infrastructure Markets' by Frost & Sullivan.
"Polycom has demonstrated strong and consistent leadership in the Asia Pacific video conferencing market," said Pranabesh Nath, industry manager, collaboration and unified communications, at Frost & Sullivan Asia Pacific. "Polycom's recent broad partnerships with industry giants such as Microsoft, HP and Broadsoft, and networking majors such as Juniper, bode very well for its status as the only remaining independent video conferencing vendor."
Commenting on the award, Hansjoerg Wagner, vice-president and managing director of Polycom Asia Pacific said: "We are delighted to receive the Frost & Sullivan Video Conferencing Vendor of the Year Award, which reinforces that Polycom is the number one video partner of choice for Asia Pacific customers. By enabling teams and individuals to communication anywhere, anytime, Polycom's HD video and telepresence solutions maximise organisational productivity, and accelerate decision-making – helping Polycom customers across all industry sectors to achieve a significant competitive advantage."
Mr Wagner added: "Through the Polycom Open Collaboration Network, Polycom partners with the leaders in network infrastructure and unified communications – such as HP, IBM, Microsoft, NEC, Avaya, Juniper and Siemens – to provide customers open and interoperable collaboration solutions that integrate natively with their Unified Communications environments. This means customers don't need to rip-and-replace existing IT investments to realise the productivity and efficiency benefits of video conferencing."
According to the Frost & Sullivan research studies, the Asia Pacific VC endpoints market is expected to achieve a Compound Annual Growth Rate (CAGR) of 13.6 per cent by revenue through to 2016, while the VC infrastructure market is expected to grow at a CAGR of 15.5 per cent by revenue till 2016.
"The market awareness for video conferencing has increased dramatically since 2008," said Nath. "Video collaboration is expected to be a key growth area in enterprise communications and the market is expected to see additional activity in the coming years."
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Polycom, Inc. (Nasdaq: PLCM) is the global leader in telepresence, video, and voice solutions and a visionary in communications that empower people to connect and collaborate everywhere. Visit http://www.polycom.asia for more information and follow us on Twitter @PolycomAlert.
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