In our continued exploration of Unified Communications and the virtual office, we’ll take a look today at one component: web conferencing.

A veritable explosion of Web 2.0 tools and escalating need for real-time collaboration continues to draw users to web conferencing. The rising interest in cloud-based communications is further fueling growth in this market. As users look to accelerate team productivity and support a business model that fuels innovation with better and faster decision making, applications such as web conferencing are becoming a critical component of enterprise communications.

New analysis from Frost & Sullivan finds that the web conferencing market revenues are expected to reach $2.85 billion in 2015, with a projected revenue growth rate of 17.2 percent, supporting a widening user base.

"The dominant theme in 2010 among web conferencing vendors is focused on creating easier to use solutions at attractive price points to move the market beyond a niche status," says Frost & Sullivan Principal Analyst Roopam Jain. "The overall outlook for web conferencing hosted services is robust; IT is making web conferencing services an investment priority as part of a bigger bundle of collaborative applications for mainstream communications."

Davinci Virtual Office Solutions offers virtual office space with virtual office communications solutions add-ons like web conferencing from Cisco. Davinci Virtual has partnered with Cisco to offer WebEx online meetings and web conferencing at special rates for our customers. We’ll talk more about WebEx in tomorrow’s blog.

Check out what you can do with WebEx on the iPhone: