Frost & Sullivan Presents HUAWEI with 2011 Technology Innovation in Video Conferencing of the year

Nov. 29, 2011 - PRLog -- Shanghai, 30 Nov 2011 - Frost& Sullivan Best Practice Award–2011 Technology Innovation in Video Conferencing of the yearis presented to HUAWEI, in recognition of the company’s remarkable efforts toward the development of the Video Conferencing Services.

In the telecom industry, Global revenues for the videoconferencing infrastructure systems market reached $577.7 million in 2010, a whopping 28.0 percent annual growth rate,  this represents the highest growth this market has seen in recent years. As users move to pervasive video to adopt videoconferencing as a key communication tool, the market is set to grow at a strong pace in the next few years. The market is forecast to reach $1.53 billion by 2016 growing at a compound annual growth rate(CAGR) of 17.7 percent from 2010 to 2016.

According to Frost & Sullivan, Video conferencing helps people to enhance meeting efficiency for its convenience, efficiency, and thus getting good commercial applications. The continuing upgrade of Video conferencing technology makes the product increasingly user-friendly driving up the popularity of the technology.

Founded in 1987, HUAWEI has grown from a USD 5,680 small company to a global conglomerate with a sales volume of over USD 20 billion a year. As a leading global information and communications technology solutions provider,it provides competitive solutions and services to creating maximum value for telecom operators, enterprises and en-users. Besides, it has established end-to-end advantages in telecom networks, devices and cloud computing.

Huawei video conferencing solution is designed to build the effective and high-experience telepresence with users across different regions and countries.By adopting Huawei’s video conferencing solution, users can largely reduce travel frequency and expenses, which not only saves time for them, but also contributes to the sustainability of the society and nature through energy conversation and emission reduction.
Huawei’s video conferencing solution owns special strengths and features like end-to-end 1080P@50/60 bringing the best user experience,standard infrastructure with outstanding interoperability,easy-to-use and smart control center, improved reliability and complete security safeguard and powerful self-adaptability.Frost & Sullivan is honored to present HUAWEI with the Best Practice Award - 2011 Technology Innovation in Video Conferencing of the year.

Each year, Frost & Sullivan presents this award to the company that has carried out new research, which has resulted in innovation(s) that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. This award recognizes the quality and depth of a company's R&D program, as well as the vision and risk-taking tendency that enabled it to undertake such an endeavor.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

# # #

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's research and consulting services empower clients to generate, evaluate, and implement effective growth strategies.