... leading industry analyst groups, such as Wainhouse Research and Frost & Sullivan, much of the increasing market demand for conferencing software and services can be attributed to worldwide economic growth, which will trigger increased IT spending, better system and software interoperability and increased acceptance of the technology itself. From a September 2004 report, Frost estimates that by 2009, web conferencing software and services, including video, voice and data will be a $9 billion industry. Wainhouse Research noted in its 2005 report, "Rich Media Conferencing", that web conferencing software sales continue to soar with a growth rate of 48 percent in 2004 and a notable movement away from managed services to self-hosted applications (Wiredred.com)." What Are the Advantages of Videoconferencing? There are many advantages to videoconferencing for businesses. Time Savings Our first major advantage is the timesavings. Instead of executives having to be out of the office for days to attend business meetings and ...

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