Russian video conferencing market declines by 7 percent in 2014

Russian video conferencing market has declined by 7 percent in 2014 for the third consecutive year, according to TrueConf.

The market volume is estimated at $80,000,000 which matches the volume of 2011.

“According to our research, more than 65 percent of all video conferencing sessions in Russia are conducted outside meeting rooms,” said Michael Gotalsky, CEO, TrueConf.

In a similar report, IDC reports a 6.8 percent drop in global video conferencing revenues in 2014 compared to 2013.

Despite the decline TrueConf mentioned the number of paid corporate subscribers connected to TrueConf video conferencing solutions in 2014 exceeded the number of subscribers in the past 7 years.

This apart, number of TrueConf’s foreign partners has doubled, reaching 55 companies.

Meanwhile, TrueConf’s experiment with offering a free corporate video conferencing server for six subscribers has tripled the number of TrueConf corporate customers globally over the past six months.

Shilpa Khatri

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