Video conferencing is still a very infant market in The Philippines. Multinational companies such as pharmaceuticals and manufacturing were the main adopters. Most other industry verticals did not show any growth, mainly due to the fact units are still very expensive and Philippine based businesses do not have any overseas presence whatsoever. The Philippines still being an untapped market, has plenty of potential if corporations of all sizes, namely home grown companies are made aware on the savings and benefits they can enjoy by adopting videoconferencing. Growth is expected to take place in the Philippines over the second half of the forecast period.