Polycom announced breakthrough solutions that are designed to transform the industry, accelerate mass adoption of video collaboration, and fuel new growth opportunities for the company in both existing and new markets. Polycom expects the market to grow to nearly $12 billion in 2015, at a 16% CAGR (Compound Annual Growth Rate).
The announcements are the culmination of over two years of R&D efforts focused on augmenting Polycom’s portfolio and removing the impediments to video adoption by making video collaboration easier to use and manage, universally accessible, more scalable at a lower cost, more affordable for small to medium-size enterprises, more interoperable, and more sleek and powerful for business users on their desktop.
Polycom executives, including CEO Andy Miller, are hosting a Polycom Strategy Day for analysts today at the NASDAQ MarketSite in New York City, to discuss these breakthrough solutions and share Polycom’s vision and long-term strategy (click here to watch the live webcast at 10 a.m. ET).
“Our passion at Polycom is to make video collaboration simple to use and available to everyone. Today, we are introducing breakthrough solutions that we believe take ease of use and universal access to exciting new levels, while extending and protecting investments customers have made in Polycom’s interoperable, open standards-based platform and solutions,” said Andy Miller, CEO, Polycom. “We believe this launch of next-generation video solutions will set a new industry standard for best user experience for both end users and IT administrators, and will also provide a seamless and extensible path for customers to fully video-enable their organisations. We also believe these new solutions will significantly expand our addressable market opportunity and accelerate growth for Polycom and our partners, within our installed base, and from new market opportunities within small-to-medium enterprises, and through new OEM distribution models.”
“A number of impediments have hampered the mass adoption of video conferencing including too many closed video ‘islands’ and the limited scalability of traditional video solutions,” said Ira M. Weinstein, senior analyst and partner, Wainhouse Research. “With this set of announcements, Polycom is tackling these adoption barriers head-on by making video conferencing easier to deploy, easier to use, and easier to scale without forcing forklift upgrades. This is the type of innovation and vision that made Polycom an early market leader in video collaboration. Make no mistake — we are seeing Polycom 2.0.”