Web conferencing is gaining momentum in the global market as a key tool for collaboration and communication. In 2011, the market for this tool is expected to increase at a compound growth rate of more than 20 percent. The interest in web conferencing seems to be growing due to economic challenges and companies looking to cut costs.

Since the market for web conferencing is booming, Blackboard Inc. has developed a vision of growth in the collaboration and conferencing space. Blackboard is a global player in enterprise technology that works to improve millions of experiences by students and learners worldwide. Blackboard solutions allow thousands of K-12, higher education, professional, corporate, and government organizations to teach, learn and communicate more effectively in their communities.

Blackboard’s growth across the academic market shows that institutions are interested in investing in learning and collaboration solutions that impact education, significantly reduce costs and generate new sources of revenue in a positive way.

While Blackboard is used at many institutions, Central Texas College and Red Deer College both agree that learning and teaching wouldn’t be the same without Blackboard. Central Texas College ha recently decided to renew their Blackboard license due to the effectiveness and efficiency of the program.

The Blackboard Collaborate, which involves leading education over the web, video and audio conferencing to thousands of students, corporations and organizations worldwide, includes new Blackboard acquisitions, Wimba and Elluminate.

Wimba allows the students and faculty to collaborate in real-time through an online experience. Elluminate has been positioned in the “Visionaries” quadrant of Gartner’s Magic Quadrant for Web conferencing. Gartner, a leading research and advisory firm, describes Elluminate as a complete vision with the ability to implement vendors in the market.