Web conferencing market on the high

The increasing awareness of web conferencing and the availability of broadband networks will fuel the growth of the web conferencing services market at a Compound Annual Growth Rate (CAGR) of 44 per cent, according to Alok Shende, director, Frost & Sullivan, a growth consulting company.

Addressing a conference on the Enterprise Convergence, Shende said that small and medium enterprises would soon adopt this service as it is cost effective and time saving.

The Asia Pacific market for web conferencing is expected to grow at a CAGR of 27.2 per cent with Japan as the leader.

"Web conferencing has many advantages like enhancement of coordination among participants and transmission of more information over broadband network as the files used are lighter," said Kiran Datar, managing director, Webex Communications.

The conference articulated the aspects of web conferencing for new and prospective users and urged medium- sized enterprises to opt for this new and cheaper means of transferring data.