Video conferencing in general is seeing some substantial gains, as more and more businesses – and even some individuals – are learning the benefits of being able to talk face to face without the need for expensive travel. And one firm that's making hay while the sun shines on the entire sector is Vidyo (News - Alert), Inc, who has recently posted impressive gains on the year.
It's being called the world's fastest-growing video conferencing company, and given that the demand for Vidyo's products has gone up 82 percent over this time last year, there's good reason to add such an appellation to their record. The company has some impressive success in North America and APAC theaters, but has also seen some substantial numbers come in from the rest of the planet, with fully 57 percent of their business coming from outside of North America.
The customer base certainly seems happy with it, with Vidyo reporting a wide array of customers across several industries, including healthcare, education, and government, as well as businesses of all size, including major names like Philips and Ricoh (News - Alert).
Vidyo's products are largely software-based, so they can be much more portable and adaptable than hardware-based video conferencing solutions. The platform itself has won a substantial number of awards in the industry, and analysts, as well as experts, in the field are regularly spotted praising Vidyo's software-based approach.
Available on a panoply of platforms, including both Android (News - Alert) and iOS smartphones as well as tablets with the VidyoMobile app, Vidyo also offers up a variety of different services depending on a user's needs. VidyoRouter Cloud Edition, for example, allows for cloud access, which is great for widely-dispersed users.
VidyoPanorama, meanwhile, is an immersive solution that can simultaneously use as many as 20 screens at once to provide video conferencing at 1080p60 resolution. Vidyo products will also work with Microsoft Lync and IBM (News - Alert) Lotus SameTime, so for those already working with one of those two solutions, Vidyo will be able to integrate into the mix with relative ease.
Regardless of what specific solution is used to accomplish video conferencing, the key point remains that the field itself is seeing some substantial gains. Given the immediate and perceivable value that such a service provides, it's really not so much of a surprise to see the value recognized. It's safe to say that video conferencing will continue to see substantial gains especially as energy prices continue their own climb.
Even if energy prices were to fall, video conferencing may well stick around by virtue of its convenience and ease of access. And as long as that's the case, companies like Vidyo should see impressive gains for some time to come.
Edited by Jennifer Russell