A guest post by Pratyasha Malakar, PR Specialist, Polycom India
If you have been hearing a lot of cheering coming from the direction of Polycom India this week, it’s because we’ve got something to be very proud of! According to Frost & Sullivan, Polycom led the video conferencing systems and infrastructure segment in India, with a 44 percent market share in 2014. Polycom received the award based on a variety of parameters including revenue and market share growth, portfolio diversity, unified communication integration, and go-to-market strategy.
On receiving the award, Minhaj Zia, Managing Director, Polycom India & SAARC said, “As firm believers in the power of human collaboration, we are proud to be the recipient of this award. This win reinforces the increased demand for Polycom’s high-definition video and telepresence solutions in visual collaboration environments across the region and across vertical industries. We will continue to help customers realise the potential of collaboration technology, particularly when embedded in their business functions."
Polycom India works like a single organisation across the globe which inherently has the advantage of highly skilled resource, scale, expansion, and an already established R&D base. It can be said that Polycom India’s R&D has increased many folds in the last five years. The award’s selection procedure involved in-depth
primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts after which the data was presented to an elite panel of jury members, comprising some of the most prominent CIOs/CTOs in the industry.
Frost & Sullivan recognises outstanding industry achievements by presenting its India ICT Awards to companies that have demonstrated best practices in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace.
This Awards program acknowledges companies that excel in their business segments, and their efforts to improve the industry as a whole. Congratulating Polycom on the award, Benoy CS, Director, ICT Practice, Frost & Sullivan said, "Polycom has had a very successful year 2014, where it displayed exemplary performance with the highest market share of 44 percent in the Video Conferencing Endpoint and Infrastructure markets in India. The growth, backed by constant innovation and product differentiation has helped Polycom strengthen its position in the market. The company has commanded the industry in terms of offering truly pervasive video solutions by imbibing mobility, hardware, software solutions as well as cloud based solutions that have gained high mindshare from mid-sized as well as large enterprises across industry sectors. Its focus on providing interoperable, scalable, and open standards based solutions combined with its partnerships with unified communications vendors further strengthens its position in the market.”
2015 has been a great year to date for Polycom India and the award win was a great way to end the quarter. Frost & Sullivan’s research reveals the market for video conferencing in India stands at a whopping INR 474.86 crores accounting for a growth rate of 19.3 percent YoY in CY 2014. We remain committed to transforming the way the world collaborates and we’re certain that Polycom will remain a frontrunner in the workplace of the future!