Tight IT budgets, coupled with challenging economic environments in different world regions, have driven the demand for huddle rooms and flexible spaces. In order to accommodate enterprise needs in this new era, vendors are catering to business expectations for greater global audio conferencing endpoints functionality at low price points.
Frost & Sullivan’s new analysis, Global Audio Conferencing Endpoints Market, Forecast to 2021, finds ClearOne led the installed audioconferencing space with a market share of 53.8 percent in 2016.
This installed audio market “is expected to gradually grow at a CAGR of 3.5 percent from 2016-2021, driven by the launch of cost-effective installed audio systems from vendors like ClearOne,” according to the Frost & Sullivan report.
“With the proliferation of video in huddle rooms and large meeting spaces, incorporating video in an enterprise collaboration bundle seems to be a logical extension route for audio conferencing endpoint vendors like ClearOne,” states Frost & Sullivan unified communications & collaboration industry analyst Vaishno Srinivasan.
“Through its COLLABORATE Pro series, ClearOne has embarked on a journey to build a tightly integrated line-up of audio and video products coupled with its Spontania cloud video service offering.”
ClearOne’s entry in the audio-video collaboration space “is built upon its strong foundation in the installed audio conferencing market,” according to a company press release.
“Leveraging our strong base in installed audio, ClearOne continues to strengthen its video portfolio to effectively complement its audio business,” said ClearOne president and CEO Zee Hakimoglu.
“By developing a comprehensive and unified audio-video conferencing portfolio at affordable prices, as compared to high-end room systems, ClearOne is able to offer enhanced value to its customer base.”
Global Audio Conferencing Endpoints Market, Forecast to 2021 is part of the Conferencing & Collaboration Growth Partnership Service program. Frost & Sullivan’s related studies include North American Conferencing Services Markets, Global Video Conferencing Endpoints and Infrastructure Markets, and Global Web Conferencing Markets.
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