The requirement for greater personal productivity and an increased awareness of the environment has led to a boom in the video conferencing and online collaboration market in Europe. Two recent studies released by Wainhouse Research show that across Europe, revenue from audio conferencing increased 37% and web conferencing saw a 50% revenue growth in 2007.

The data projects that the overall European market for online collaboration & conferencing services will grow to over $1 billion in 2008, and market analysis shows the potential market size to be nearly four times that. With prices for online meeting services approaching that of a typical long distance call, the barriers to more widespread usage are limited only by training, awareness and adoption of the technology.

The 2008 European Collaboration Services Market study offers a current market sizing and 5-year projection for audio and web conferencing, and other online collaboration technologies across the 12 major markets in Europe. Forecast data includes attended and unattended audio minute volume and revenue as well as web conferencing and video bridging services revenue.