"As tighter budgets and building solid business continuity plans become a higher priority for business owners, many are now recognizing the benefits of using the Internet for video conferencing and collaboration to help them meet these pressing needs. Pacnet VC Plus is targeted at providing businesses easy access to high quality, high definition video conferencing and virtual meeting services, without the traditional need for expensive dedicated video conferencing rooms, equipment and big bandwidth pipes," said Wilfred Kwan, Chief Technology Officer of Pacnet.
The growing demand for web collaboration is reflected in the latest research from Frost & Sullivan, which valued the global web collaboration market at $1.5 billion in 2008, and has forecast the market to reach $4.5 billion by 2014 (1).
"The demand for web collaboration and desktop video is growing at a rapid pace, especially in Asia Pacific," said Frost & Sullivan industry analyst Pranabesh Nath. "Web collaboration solutions with integrated desktop video make a stronger impact because they enable a more natural collaboration experience, plus they are accessible to a wider employee base compared to room-based video conferencing products. There is a strong preference in Asia Pacific for desktop video collaboration and we expect this trend to eventually spread to other parts of the world," he added.
"With the H1N1 influenza pandemic having heightened awareness for the need for business continuity planning (BCP), the video conferencing and collaboration features of Pacnet VC Plus are a perfect fit for the needs of any organization's business continuity strategy," added Mr Kwan. "Also, by deploying Pacnet VC Plus, they stand to reap many productivity benefits by simply encouraging more collaboration and communication with geographically dispersed team members and partners, not to mention benefit from the cost and time savings from the reduction in travel."