SHANGHAI, Dec. 1, 2010 /PRNewswire/ -- Frost & Sullivan Best Practice Award - 2010 Excellence in Video Technology Innovation of the Year is presented to RADVISION, in recognition of the company's remarkable efforts toward the development of the field of video technology.
Video technology, as an applied technology driven by network technology, has been developing in a high speed on a global scale. And in China, under the government's policies promoting tri-network integration and Internet of Things (IOT), video technology becomes a new hotspot and is applied in more and more areas, especially enterprises. Currently, video technology is still on a stage of development, both in infrastructure construction and application development, and most vendors are engaged in R&D in this field.
According to Frost & Sullivan's analysis of policy, market and technology drivers as well as restraining factors, the video technology market is estimated to continue its high developing speed. By the end of 2013, the video conference market is expected to reach RMB16.3billion, with a CAGR of 25.4%, and IP based video surveillance market will reach RMB14.2billion, with a CAGR of 31.8%.
RADVISION was founded in 1992 and listed on the NASDAQ in 2000. It has three R&D centers around the world, and 17 branches, where its 2000 employees created more than 700 patents. RADVISION provides visual communication solutions for enterprises to facilitate them with reliable and convenient unified communication networks. Besides that, it's also a video network infrastructure and application provider for mobile and telecom operators, as well as an instruments provider for software developers. RADVISION has always been focusing on R&D in video technology and cooperating with other leading vendors like Microsoft, IBM, Alcatel-Lucent and so on, and keeps its leading place in the field of unified visual communications over IP and 3G networks.
RADVISION's long-term investment and research in video technology successfully helped enterprises and operators to build efficient video communication networks, and is removing barriers for the development of unified video communication technology, thus promoting the advancement of video technology. Frost & Sullivan is honored to present RADVISION with the Best Practice Award - 2010 Excellence in Video Technology Innovation 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.
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SOURCE Frost & Sullivan