Latest report by Wainhouse Research puts ZTE in world top three
SHENZHEN, China - Wednesday, March 12th 2014 [ME NewsWire]
(BUSINESS WIRE)-- ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has been ranked in the world’s top three vendors of video-conferencing systems in the latest report by Wainhouse Research.
According to the "SpotCheck Group Video Conferencing Q4-2013 and YR-2013” report by Wainhouse Research, a leading research firm in the video conferencing industry, ZTE achieved 14 percent market share in the shipment of videoconferencing terminals and 15 percent market share in terminals and system platforms revenue in Q4 2013. ZTE’s overall market share of the videoconferencing terminals and systems market rose to 11 percent in 2013.
Since 2011, the global market for videoconferencing has been in decline. According to the research report, the global videoconferencing market decreased by 7 percent in 2013 compared to the same period in 2012. However, while regional markets in Europe and America shrank, the market in the Asia-Pacific region experienced rapid growth and the region is quickly becoming the largest market for videoconferencing. It is in the Asia-Pacific region that ZTE has been able to gain additional market share.
The shipment of ZTE video conferencing terminals in Q4 2013 rose to 14 percent from 12 percent in Q3 2013; the revenue for terminals and system platforms rose to 15 percent in Q4 2013 from 12 percent in Q3 2013; and ZTE’s overall market share in terminals and system platforms has risen to 11 percent.
ZTE is dedicated to the integration and innovation of videoconferencing products and focused on the research and development of core videoconferencing technologies. In 2013, ZTE launched the first videoconferencing terminal to support H.265, the first telepresence terminal to support 4-channel HD 1080P60, and the industry’s first smart videoconferencing terminal –smart ET700 open source videoconferencing system.
These products introduce open source video communication interfaces, provide a universal platform, support integration with third party applications, and provide more convenient collaboration and intercommunication to meet the requirements of different users and address the requirements of the media and the market. At present, ZTE provides a wide range of videoconferencing products and solutions including videoconferencing platforms, conference room terminals, individual terminals, and integrated telepresence. These diversified products provide ZTE customers with a wide range of choices to meet every need.
"In 1994, ZTE established a world-leading videoconferencing R&D capability, and since then has served many thousands of operators and industry users. Hundreds of thousands of ZTE products are currently being used all over the world. Our products are safe, reliable, economic, and innovative,” said Qian Min, GM of UC&C, ZTE Corporation, "We will continue to invest in developing innovative videoconferencing technology, promoting product competitiveness and helping our enterprise customers to realise smart communication using ZTE smart technologies.”
ZTE’s integrated multimedia videoconferencing service solutions have been extensively used in areas such as conferences, business activities, remote education, remote medical care, collaboration between offices, disaster recovery, emergency command, and assurance services. ZTE will continue to focus on the requirements of its customers by providing all-around and customised multimedia videoconferencing solutions.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visitwww.zte.com.cn.
Contacts
ZTE Corporation
Margrete Ma, +86-755-26775207
ma.gaili@zte.com.cn
AxiCom PR
William de la Bedoyere, +44-(0)20-8392-8074
william.delabedoyere@axicom.co.uk
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