zoom market share in video conferencing

(, Organizations with more than 1,000 employees use 150+ SaaS applications. India Video Conferencing Market Opportunity Assessment, By Service Types, 2026F, 27. We will dive into 100 video conferencing key statistics and facts, and learn about 7 new trends for 2022 and beyond. By 2023, the annual video conferencing units and seat license shipments will reach 86.7 million. India Video Conferencing Market is expected to gain momentum during the upcoming years on account of various benefits associated with training and development, knowledge sharing, and improved team productivity. See for yourself 410 E Santa Clara Street, Unit #1008 San Jose, CA, 95113, United States. (, 78% of employees say they use web conferencing tools for team meetings. India Video Conferencing Market Opportunity Assessment, By Sectors, 2026F, 28. The initiative aims to provide a simple way to use one device to hold video calls on various video conferencing software. Generation Digital is aZoom Partner offering Zoom related services around implementation, adoption, training, Zoom Rooms installation and development. India Video Conferencing Market Revenues, By Northern Region, 2016-2026F, 20. The growing trend of Voice over internet protocol (VoIP) is enabling IT business to effectively manage their network infrastructure through free communication. Below are some of the key software spending statistics: The software sector has seen incredible growth in recent years. How much growth has the market seen? Amid the COVID-19 crisis, the global market for Web and Video Conferencing SaaS estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2026, growing at a CAGR of 11.9% over the analysis period. Why? The solutions segment is expected to account for a major web conferencing market share throughout the forecast period. There are 26.9 million software developers worldwide. The market is segmented into two segments based on software: cloud and on-premises. Below are some of the key. For instance, in 2019, ezTalks has introduced the ezTalks meeting tools for communication through whiteboard via drawing. (, Zoom has 88 customers contributing more than $1 million in annual revenue as of Q2 of FY 2021. During the anticipated period, the service sector is expected to grow at a higher rate on account of the increase in the usage of artificial intelligence and cloud-based video communication services. Zoom has market share of 5.51% in video-conferencing market. ). (Global Market Insights Inc. 2020) The web and video conferencing market increased 500% As it is a versatile, dependable, and cost-effective video conference type, the reason it has been adopted across multiple verticals, therefore the desktop system market is expected to rise significantly. UAE Video Conferencing Market (2020-2026):Market Forecast By Types (Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare),By Regions (Northern, Southern)and Competitive Landscape, Saudi Arabia Video Conferencing Market (2020-2026):Market Forecast By Types (Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare),By Regions (Eastern, Western, Central and Southern)and Competitive Landscape, Africa Video Conferencing Market (2020-2026):Market Forecast By Types (Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare), By Key Countries (South Africa, Egypt, Kenya, Ethiopia, Nigeria, Algeria, Morocco, Tanzania, Ghana andRest of Africa) and Competitive Landscape, Middle East Video Conferencing Market (2020-2026):Market Forecast By Types (Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare),By Key Countries(Qatar, UAE, Saudi Arabia and Rest of Middle East)and Competitive Landscape, 6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. No one could have thought how life would change overnight. How much growth is expected in India Video Conferencing Market during 2020-2026? FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. As I've mentioned previously in this article, Zoom has been named a leader in Gartner's Magic Quadrant for a 3rd consecutive year! Governments across Japan, China, and India have made it mandatory for their service providers to lower down the video quality to reduce the strain on the network. (, Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to a total of $494.7 billion. (, After COVID-19 92% of people surveyed expected to work from home at least 1 day per week and 80% expected to work at least 3 days from home per week. (, Zoom Phone is the second biggest product for Zoom. The product also offers voice calls, text messaging, and web chat. The video conference market size in 2021 is estimated at $4.66 billion, video conference statistics indicate. In this piece, we connect Apples unique and successful take on social media to its core values. Moreover, development in broadband technologies such as WiMAX, and High-Speed Downlink Access is estimated to proliferate the demand for video conferencing solutions. India Video Conferencing Market Revenue Share, By Types, 2019 & 2026F, 3. If you'd like to arrange a Zoom demo with Generation Digital, click here. Below are a few statistics that reflect how COVID-19 has changed the way we work: 30% of organizations started using web conferencing for the first time due to Covid 19. (, 31% of people have used a mobile phone to access video calls. Microsoft has made updates to Microsoft Teams that will create more equitable experiences for devices of all qualities. It also waived its monthly charge to all users in China. In fact, six out of ten workers reported being more productive than they expected throughout the pandemic and 70% of respondents felt that remote work would have a positive impact on their mental health according. Key Topics Covered: I. METHODOLOGYII. Why does Teslas Zero Dollar Budget Marketing Strategy work? Increasing demand for employee training, project consulting services is mainly contributing to market growth. Additionally, the increasing adoption of cloud-based solutions like Zoom, and AvayaLive Video are boosting the market growth. Zoom has noticed a huge adoption rate with lockdown and possesses 49% of the worldwide market share. Our solution offers the best video, audio, and screen-sharing experience across Zoom Rooms, Windows, Mac, iOS, Android, and H.323/SIP room systems. The India Video Conferencing market report provides a detailed analysis of the following market segments: 1). Quarterly smartphone market share worldwide by vendor 2009-2022 Zoom Meeting refers to a video conferencing meeting hosted using the Zoom application, where But we humans are adaptable creatures and try to fit into a different environment or any situation. According to 6Wresearch, the India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-2026. In 2018, CyberAgent was looking for a new solution to solve issues related to the video conferencing system. In addition, due to benefits such as reduced cost & fast decision making, services like webcasts & telepresence are evolving with the help of advanced technologies. The Web and Video Conferencing SaaS market in the U.S. is estimated at US$1.4 Billion in the year 2021. (, 3.4% of Americans worked from home before the COVID-19 pandemic. By June 2020, the value of the company was $67 billion. Furthermore, development in 5G technology is projected to create ample opportunities for market growth. Eric left Cisco in April 2011 along with 40 engineers to start a new company initially named Saasbee, Inc. Market Dynamics: Will the Market Sustain Momentum in the Long Term? Below are some key software statistics and facts: With so much going on within the industry, its easy to miss some of the top headlines that are driving innovation within the video conferencing space. Video Conferencing Hardware is expected to Ship 3.6 Million Units in 2022. The government has announced a major overhaul of financial regulations to bolster the competitiveness of the UK as a global financial centre and deliver better outcomes for consumers and businesses. The growing advancement of technology coupled with cloud-based technology is also one of the major factors adding to the development of the industry. Recognition from Gartner and its end-user community comes on the heels of numerous other achievements for Zoom thus far in 2018. Wishing you a world of investment success! During the anticipated period, the service sector is expected to grow at a higher rate. But it did experience a fall of more than 15% when the news broke in November 2020 about the vaccines efficiency. Live translations during a video call are in the early stages of its trend. Press Esc to cancel. hbspt.cta._relativeUrls=true;hbspt.cta.load(2591001, 'd7de1c24-aaba-4088-af2a-fe66a58e4133', {"useNewLoader":"true","region":"na1"}); Gartner, Inc.,Magic Quadrant for Meeting Solutions, Mike Fasciani, Tom Eagle, and Adam Preset, September 4, 2018. (, 55% of businesses say video conferencing effectively increases employee engagement. Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare), By Regions (Northern, Southern)and Competitive Landscape. India Video Conferencing Market Revenues, 2016-2026F (INR Crore), 2. Companies like Microsoft Corporation, and ezTalks Logitech are focusing on improving software capabilities to meet consumer needs. 5.49% of the global market share of web conferencing is The country's reduced internet connection prices, as compared to worldwide prices, are also projected to boost growth. Online Whiteboard. This is especially true for video conferencing software, which has seen immense success in the last two years. Video Conferencing Market Size, Share, 2020-2027 | Industry Report, HVAC (Heating, Ventilation, & Air Conditioning), Transparent pre & post sale customer engagement model, Unparalleled flexibility in terms of rendering services. Gartner attributes the increase in spending to the continued growth of the web conferencing market, which it estimates will reach $3.4 billion by 2020. (, In Japan, 65% of events will offer in-person and video conferencing options while in the UK 39% of events will offer in-person and video conferencing options after COVID-19. It can save time and money while also improving communication and collaboration. Good international schools take the health and wellbeing of their students seriously, writes Ruth Holmes. Since the start of the pandemic, most companies have been migrating to online-only events. As well as improving core functionality, Zoom are also building integrations with other disruptive SaaS platforms to help build a workplacefit for the Future of Work. The healthcare segment is projected to foresee substantial growth due to the advancement in telemedicine solutions. (, 83% of the workforce say because they can work from home, they have increased job satisfaction. If youre on a company call that is sharing sensitive information or sharing confidential files on the app, it comes as no surprise that security is top of mind for many companies using these video conferencing products. 67% of businesses have increased spending on web conferencing software the largest increase in remote tool spending. In the healthcare industry, telepresence robots help in assisting the doctor while treating the patient from a remote location. We make the best efforts to keep the information up-to-date, however, an offers terms might change at any time. The market has witnessed an annual growth rate from 5.9% in 2019 up to 10.5% in 2020. Adobe Inc.; Array Telepresence Inc.; Avaya Inc.; Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; Logitech International S.A.; Microsoft Corporation; Plantronics, Inc.; Vidyo Inc.; and West Corporation. Monthly subscription costs around USD 25. In value-based pricing, products are price based on the perceived value instead of cost. (, 61% of software developers use Windows OS and 47% use Linux. The Pandemic did bring many difficulties and challenges during the year, but due to incredible technological advancements, we humans were usually able to carry on our lives (almost). Today Zoom has become one of the most successful and used applications in the world. Zoom has market share of 5.02% in online-meetings market. (, The number of meeting minutes Zoom facilitates every year is now over 3.3 trillion. September 22, 2021. Rapid globalization in business and the rising need for a remote workforce are boosting the demand for video communication solutions. Moreover, the growing use of virtual private networks across different enterprises is expected to bolster the demand for video conferencing solutions. Since Zoom has become a major player in the video conferencing space, its worth taking a look at how much of an impact theyve made in recent years and where they stand today. But since the pandemic has been easing, some companies are becoming more comfortable with hosting not just in-person meetings, but hybrid events as well. As a result of these reasons, this market is predicted to rise significantly. - Free and Premium Pricing tiers, Miro Most Common Integrations - Communications, How to deploy Risk management in Asana (Case study:NHS Kettering and Northampton), How to write Objective and Key results (OKRs). (, Zoom was one of the fastest growing apps of the pandemic; meeting participants increased by 2900%. As it is a versatile, dependable, and cost-effective video conference type, the reason it has been adopted across multiple verticals, therefore the desktop system market is expected to rise significantly. India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-26. India Video Conferencing Market Revenue Share, By Regions, 2019 & 2025F, 5. Lastly, cloud-based video conferencing software can be accessed by any device, such as a laptop, phone, or tablet simply through a web browser or application. India Video Conferencing Market Revenues, By Hardware, 2016-2026F (INR Crore), 8. modern enterprise video communications service, This news comes about six months after Zoom announced that it received the overall highest customer rating in the, The report notes that, within it, Contributors share their first-hand experience of vendors and products through the various stages of the IT lifecycle, from evaluation through deployment. As of today (13th Sept. 2018), Zoom has an. In 2019, the hardware component segment led the market with the largest market share in the overall market. The popular teleconferencing tool was already a dominant name in the video conferencing market, but to adapt to the current social distancing norms, it has become a household name. Nokia is a perfect case study of a business that once invincible but failed to maintain leadership as it did not innovate as fast as its competitors did! Whenever the word Videoconferenceing would come up, the first thing that comes up in a persons mind is downloading the software and understanding how to set it up along with many other complicated IT-related processes. (, Since the start of the pandemic, most companies have been migrating to online-only events. (, 13% of people have used tablets to connect to video calls. Anyways I will end the article here since I need to attend Zoom Meeting. Moreover, growing awareness regarding advanced technology along with initiatives such as digital India is driving the development of the market. 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It is used to optimize connections, video compression, audio quality, and more for an improved user experience. In developing countries, healthcare companies are using these systems for training their employees. Just read this April 2021 article in The Economist. AI is enhancing audio quality by improving voice recognition and identifying background noise to suppress it. Below are a few statistics that reflect how working from home has impacted employees: The COVID-19 pandemic pushed abrupt closures of many offices and workplaces worldwide. The top alternatives for Zoom online-meetings tool are G Suite with 82.36%, Microsoft Office 365 with 7.86%, TeamViewer with 1.07% market share. This system employs advanced technology to enable the conference to be streamed in high-definition video and audio. Our solution offers the best video, audio, and screen-sharing Ford announced a new partnership with Cisco, makers of Webex video conferencing software, to turn its Ford F-150 Lightning into an office space. Guidance. Zoom. (, Video conferencing stats show that the hardware segment led with a revenue share of 47%. India Video Conferencing Market Revenue Ranking, By Company, 2019, 1.India Video Conferencing Market Revenues, By Hardware Types, 2016-2026F (INR Crore), 2. Middle East Video Conferencing Market (2020-2026): Qatar, UAE, Saudi Arabia and Rest of Middle East), BUSINESS MODELS & KEY MANAGEMENT PRACTICES, Telecom, Information & Communication Technology, India Video Conferencing Market (2020-2026) | Size, Share, Trends, Industry, Analysis, value, Growth, Outlook & COVID-19 IMPACT. International universities make the grade. Zoom is undoubtedly one of the worlds most popular video conferencing platforms. Zoom also won theGold Stevie Awardfor Large Computer Software Company of the Year,rAVes Best of InfoComm 2018 Awardin three categories, andFrost & Sullivans Asia-Pacific Cloud Video Collaboration Provider of the Year. Room competes with 138 competitor tools in video-conferencing category. India Video Conferencing Market Revenues, By Education Sector, 2016-2026F, 17. However, high costs linked with the deployment of these systems along with rising security concerns may restrain the market growth. (, Gartner attributes the increase in spending to the continued growth of the web conferencing market, which it estimates will reach $3.4 billion by 2020. Google has made updates to make it possible to join Google Meet video calls from other Google productivity apps such as Google Docs, Google Sheets, and Google Slides, allowing for a smoother user experience when operating the workspace. This included moving around the video windows in the gallery view, pin video windows to be spotlighted, improved keyboard shortcuts, new tools to adjust the size of closed captioning text, and sign language interpreters windows who can sit directly next to the speaker. But it grew to 100 million in 2015. Below are a few video conferencing technology trends to be aware of as we move forward into 2022 and beyond: Cloud technology usage has been increasing and is a significant trend in video conferencing software. Zoom and Microsoft Teams announced a partnership enabling their customers to receive cross-platform video calls and share meeting information between the two services without the need for extra licenses or third-party assistance. 52% of businesses have increased spending on remote desktop tools. (, In 2021, Zoom dominated the video conferencing market share with 50% of the total market share. Captcha validation failed. For example, in 2019, ezTalks has upgraded its video solutions called ezTalks Rooms which allows meetings of over 9,000 participants. Growth in the North America region is fueled by implementation of web & video conferencing solutions to replace or upgrade traditional systems and adoption of new technologies such as AI and IoT. The country currently accounts for a 33.49% share in the global market. (, The Asia Pacific market for video conferencing is expected to witness a CAGR of over 14.0% through 2030 with the adoption of new work styles across regional businesses. Soon it became the most downloaded apps. Nike doesnt sell shoes. India Video Conferencing Market Revenue Share, By Service Types, 2019 & 2025F, 13. According tothe 2020 Businesses @ Work report from Okta notes, Zoom was the #1 fastest growing video conferencing app in 2016, and it hasnt slowed down since. Depending on enterprise size, large enterprises dominated the video conferencing market owing to the rising adoption of video solutions for corporate business operations. Yahoos story or case study is full of strategic mistakes. Below are a few statistics that cover Zooms growth and success as a video conferencing platform: The work environment landscape has changed dramatically since the pandemic. Several enterprises offer innovative services such as digital tours. What questions do you have? India Video Conferencing Market Revenue Share, By Sectors, 2019 & 2026F, 4. Between the years 2021 and 2028, the global video conferencing market is predicted to grow at a rate of 10.9%. Web Conferencing Software Market Share. Johnnie Walker is a 200 years old brand but it is still going strong with its marketing strategies and bold attitude to challenge the conventional norms. During the anticipated period, the service sector is expected to grow at a higher rate on account of the increase in the usage of artificial intelligence and cloud-based video communication services. Based on type, it is divided into hardware, software, and services. (, In Q1 2022 alone, Public Cloud Ecosystem Quarterly Revenues Leap 26% to $126 Billion. The small & medium enterprise segment is estimated to grow at a significant rate over the forecasted period. The major chunk of the workforce was able to see the benefits of working from home, and for companies that seek to attract the best talent, they must at least accommodate those seeking remote work. Those who don't know me, I'm Ryan Mac, Barclays mid-cap analyst here at Barclays. It was in January 2021 only that Zoom again raised $2 billion but through a common stock offering. He said he would try and get them on a Zoom call to talk through their problems and see how he could fix them. The organization faced difficulties finding investors since many thought the video telephony market was already saturated. Zoom has also had growing adoption in large enterprises with companies like Walmart and Delta Air Lines switching to Zoom for video communications. The Video Conferencing Tools market research report provides an in-depth analysis of the current trends, latest developments, scenarios, market size, various drivers, restraints, and major players along with their profile details.. Video conferencing is finding increasing acceptance among medical professionals to treat patients while practicing social distancing during COVID-19. 2022 Re:locate magazine, published by Profile Locations, Spray Hill, Hastings Road, Lamberhurst, Kent TN3 8JB. Telepresence plays a vital role in industries such as the healthcare & education sector. The relationship between an employee and a boss is a significant one. launched the first version of its product. Video conferencing technology has come a long way in recent years. With so many people working from home, there has been a dramatic increase in the demand for remote working tools. The free version of Zoom can host up to 100 video participants at once, whereas Microsoft (MSFT)-owned Skypes free model allows for 50. Holographic technology is used in telepresence for higher efficiency. Among the other noteworthy geographic markets are Canada and Europe, each forecast to grow at 10.3% and 10.5 respectively over the analysis period. Video conferencing is anticipated to be widely used by healthcare professionals to offer consultations and conducting uninterrupted sessions over video to support patents in remote areas. BlackRock, the story of the worlds largest shadow bank. As of November 19 2021, the market value of Zoom summed up to approximately $74 million. Eric Yuan initially founded zoom Video Communication (more famously known as just ZOOM) on April 21, 2011. Zoom competes with 62 competitor tools in online-meetings category. BlackRock has $7.9 trillion worth of Asset Under Management which is equal to 91 sovereign wealth funds managed. Free report customization (equivalent up to 8 analysts working days) with purchase. Latest Development (2022) in India Video Conferencing Market. Everyone can use the application no matter how they can access or connect to the internet. Development in protection solutions with enhanced encryption & password security is anticipated to increase the demand for these solutions. What is it then? Earlier this week themodern enterprise video communications service,Zoom was named a leader in Gartner's Magic Quadrant for Meeting Solutions. Also, the app focused on large MNCs such as the University of Sydney and Wells Fargo. (, 86% of Businesses Have Implemented a Covid-Related Policy. U.S., Canada, U.K., Germany, France, China, Japan, India, Brazil. The above statistics clearly show the current and upcoming state of the global video conferencing technology and how they are positively impacting business operations across industries and geographic locations. What is Zoom market share in the video-conferencing? The increasing entrance of key market players in the market along with the rising integration of developed technologies such as artificial intelligence and cloud technology is driving the growth of the market. (, Enterprise software is projected to have the highest growth rate in 2022, at 11.5%. Several companies in the market utilize video conferencing systems for interacting & collaboration with dispersed teams across different regions. It has been a challenging year for everyone. India video conferencing market report thoroughly covers the market by types, sectors, and regions. Upwork data found around 25% of Americans worked remotely in 2021, and by 2025, it suggests that around 36.2 million Americans will work from home. MARKET OVERVIEW, COVID-19 Pandemic Positively Impacts Video Conferencing Market, While Zoom Rode COVID-19 Strom in Spectacular Manner, the Mania Appears to Recede with Stiff Competition & Vaccination Programs. Zoom unifies cloud video conferencing, simple online meetings, and cross platform group chat into one easy-to-use platform. Google announced that it will be sunsetting its Google Hangouts application. In case you missed any, below are some notable video conferencing news so far in 2022: Zoom, Microsoft Team up for VR Video Conferencing, Ford is turning its EVs into video conference rooms with help from Cisco, Microsoft, Cisco, Zoom pledge conference room compatibility, Google Hangouts is shutting down in November 2022, You Can Now Join Video Calls from Google Docs, Sheets & Slides, LinkedIn is taking on Zoom with a new virtual events platform, Zoom launches AI tool for sales departments, Microsoft: Weve halved the power used by Teams video meetings to save your PC, Zoom takes its video service to the contact center. Additionally, the updates will include developments toward artificial intelligence and virtual reality features to enhance video conferencing on both Zoom and Teams. India Video Conferencing Market Revenues, By Service Types, 2016-2026F (INR Crore). Touted as the most valuable car company in the world, Tesla firmly sticks to its zero dollar marketing. There were still few people other than the engineering group that Yuan took it upon himself to email any user who canceled the subscription. Yuan was named, for the Northern California region by Ernst & Young and earned the spot of, If you'd like to find out more about Zoom, register for our latest, How To Manage and Keep Remote Teams Engaged, How to purchase Miro on G-cloud 13 (Gov.uk)~public sector, How to access Asana on G-Cloud 13 (GOV.UK), Connect a Remote Team with Workplace and Zoom, 8 Reasons Why HR Professionals Love Using Zoom, Met Police Use Zoom Managed Webinar Service, #1 large company CEO in the US in the Glassdoor Employees Choice Awards, Frost & Sullivans Asia-Pacific Cloud Video Collaboration Provider of the Year, Asana Business (What features do you get? India Video Conferencing Market Revenue Share, By Hardware Types, 2019 & 2026F, 9. Mapped: The top video conferencing platforms in each country After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Education segment is readjusted to a revised 10.3% CAGR for the next 7-year period. In addition, high-speed internet access is expected to support the market growth. Moreover, rising penetration towards remote working and adoption of work from home is also proliferating the growth of the market. Conversation intelligence. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. Below are some key statistics and facts on the video conferencing market size that may give you an idea: The corporate segment dominated the market by acquiring a revenue share of over 28% in 2021. The first two years, the company just had a small team (mostly engineers from WebEx). India Video Conferencing Market Revenues, By Government Sector, 2016-2026F, 15. Asia-Pacific is forecast to reach an estimated market size of US$2.4 Billion in the year 2026 trailing a CAGR of 12.9% through the analysis period. For example, in 2018, Plantronics has acquired video solution developer, Polycom to boost its companys business. The Outbreak Leads to Spike in Web & Video Conferencing Trend: Noteworthy Industry Activities, Other Industry Activities in the Web & Video Conferencing Space, Web & Video Conferencing - A Conceptual Overview and Classification, Web Vs. Video Conferencing: Similarities and Differences, Overview of Infrastructure Systems and Equipment Used, 2. The world is battling a pandemic and to protect ourselves, WE among the ten million are working from home with using the Zoom app to connect with colleagues or clients. For comparison, second-place Cisco Webex grew 91% over that same period.. Regardless of which video conferencing software you are using, chances are youre seeing your vendor adopt at least one of the above trends. The top alternatives for Zoom video-conferencing tool are G Kashish M is an Undergraduate student from the Middle East. The top three web conferencing platforms in the United States hit more than a 70% market share during April, data gathered by LearnBonds have revealed. Increase in Internet Malware Activities in India, 2013-2019, (in Million Units), 7. Employees back at work found their own video conferencing tool difficult, whereas Zoom was user-friendly, smooth, and free zoom accounts. For example,the company offersits services to K-12 schoolsfor no charge in various countries like UAE, Germany, Canada, the UK, and the US. Indexes. Anyone could just send the invitation, and it would quickly launch the meeting. In August 2012, Zoom launched the first version of its product, which allowed up to 15 people to video chat at once. Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. Security features such as encryption ensure that users dont only need a link to access a call, but may also need a specific password or email address to access the video conference. While gathering considerable Additionally, integrations that will connect all your essential apps and with AI can update all your systems from one video call. In the older days of video conferencing, technology was difficult to use, expensive and unreliable. In addition, increasing demand from the education sector for web conferencing is anticipated to surge the market growth. Zoom is a future-friendly platform that enables workers to be as flexible as they want. It was founded in 2011 by Eric Yuan, and launched in January 2013. ), Is Asana Basic Free? This is due to the increasing demand for software applications and the advancement in technology. These are just a few of the many improvements that AI is making. For example, IBM Corporation uses video solutions offered by Cisco Systems to provide unified training practices to their employees. This system employs advanced technology to enable the conference to be streamed in high-definition video and audio. Annual and Monthly subscriptions are offered by these solution providers. Polaris Market Research recently released a revised report on Video Conferencing Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. Avail of customized purchase options to meet your exact research needs. International university league tables are still dominated by the UK and the US, but tertiary institutions from Asia to Australia are increasingly offering a quality alternative. As well as improving core functionality, Zoom are also building integrations with other disruptive SaaS platforms to help build a workplacefit for the Future of Work. Our data for Zoom usage goes back as far as 6 years. Zoom now has 13 global data centres, as well as a presence in the US, UK, France, Australia, China, Japan, and elsewhere. Data security tools are used for efficient data transmission. For example, Vancouver Biennale provides artwork tours through mobile phones. Centre for Global Excellence & Leadership, Guide to International Education & Schools, Guide to International Education and Schools Articles, Information and support for HR, global mobility, The Management Shift for Innovation and Agility Workshop, Global Mobility: Leadership Requires Presence, Relocate Global Celebrates Fresh Thinking, AltoVita creates best practice in sustainable corporate accommodation and travel, London leading the world in fintech firms, Global mobility transformation moves up a gear. . Companies using Zoom. The corporate enterprise sector remains the primary revenue generator for the web & video conferencing market due to increasing number of international companies and globalization of supply chains, which require long-distance visual communication for enhanced productivity. (, The remaining 4% of the video conferencing market share was obtained by multiple smaller vendors. A customer (or a user) would use the product the more it is available to him/her. What is the impact of COVID-19 on India Video Conferencing Market? In 2019, AVer has introduced a camera called CAM540 with advanced 4K features, smart frame functions. The growing trend of cloud-based solutions and IoT devices is mainly boosting segmental growth. Google has started rolling out live translations during video calls in its Google Meet applications. These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. What is Zoom market share in the online-meetings? On-premise deployment solutions are expected to grow at a substantial rate in the next few years. India Video Conferencing Market Revenues, By Software Types, 2016-2026F (INR Crore), 10. The update provides a feature that automatically translates English speech to Spanish, French, German, or Portuguese through captions that can be displayed at the bottom of the screen during a Google Meet video meeting. Quem si tenueris, non modo meum Ciceronem, sed etiam me ipsum abducas licebit. India Software Industry Composition, 2019, 6. Gartner Places Zoom as a Market Leader. This development comes as an effort for LinkedIn to have users spend more time on their professional social networking site. Zoom 2019 market cap: $18.8BAirlines 2019 market cap: $78.1BZoom current market cap: $44.5BAirlines current market cap: $27.0BNote: Airlines includes Delta, United, American and Jet Blue. Zoom is the leading web conferencing software and owns a market share of 38.21%. Save my name, email, and website in this browser for the next time I comment. Is Zoom Inching towards Market Saturation? The global video On March 23, the time when countries were going under a lockdown, Zoom was downloaded 2.13 million times worldwide, from 2.04 million the day before, as per the app tracking firm Apptopia. Virtual Meetings. AI is improving video compression by optimizing the algorithm to identify the areas that require improved resolutions. The company plans to give users at least a one-month notice then afterward, the site will point to the Google Chat site. This update comes in an effort for Microsoft Teams to stand out from the competition where performance is a key indicator in the video conferencing space. (, 87% of team members say video calling has helped to speed up the decision-making process. Additionally, growing adoption of authentication technologies such as facial detection & recognition. Multinational corporations that have offices in multiple countries will benefit from live translations in video conferencing calls. 77% of remote workers report higher productivity levels when working from home. 2). (, Since 2020 people have been meeting by video calls 50% more since COVID-19. The increased demand for VCaaS as a service for staff training, deployment of new solutions, project consulting, and other uses is responsible for the expansion. The nine-year-old apps (Zoom) market crossed $140 billion in October 2020, surpassing Exxon Mobile, which was 130 years old. It was in January 2021 only that Zoom again raised $2 billion but through a common stock offering. Addition or alteration to country, regional & segment scope. Additionally, enterprises that have large workforces may not always have a 100% attendance rate when holding company-wide calls. The companies using Zoom are most often found in United States and in the Religious Institutions industry. Type above and press Enter to search. (, 55% of companies allow for remote work. At the Based on our analysis, the global video The government is also providing credit to some of the top software giants such as HCL, Zoho, Peopelink, and other top 10 software firms, as well as the opportunity to propagate new and innovative video conferencing prototypes and simultaneously launch the selected prototypes in the Indian market in the coming years, which will benefit the India video conferencing market in the forecast period. The COVID-19 pandemic has had a profound impact on how people work. This trend has become more popular since it ensures all invitees can absorb the content without having to join these calls live. Google is beginning to migrate Google Hangouts users into Google Chat. The India video conferencing market outlook report provides an unbiased and detailed analysis of the ongoing India video conferencing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics. (, 30% of employees are full-time remote workers. Apart from listening songs and learning new languages and exploring different culture over time she developed interests in writing and gained interest in exploring different parts of the accounting/finance world. (, The global video conferencing equipment market was dominated by Cisco in 2020. Although initially, the idea of working or studying or be it any activity which we had to do from home was horrifying. Between March and April 2021, a FlexJobs survey found that 58% of respondents would absolutely look for a new job if they cannot continue remote work. Video conferencing tools were rapidly adopted among other tools that empower remote teams. By June 2020, the value of the company was $67 billion. The product uses machine learning models to make suggestions based on customer questions during sales calls. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. India Video Conferencing Market Dynamics, 6.1 India Video Conferencing Market Revenues, By Hardware, 6.2 India Video Conferencing Market Revenue Share, By Hardware Types, 6.2.1 India Telepresence Video Conferencing Market Revenues, 2016-2026F, 6.2.2 India Integrated Video Conferencing Market Revenues, 2016-2026F, 6.2.3 India Desktop Video Conferencing Market Revenues, 2016-2026F, 7.1 India Video Conferencing Market Revenues, By Software, 7.2 India Video Conferencing Market Revenue Share, By Software Types, 7.2.1 India On-Premise Video Conferencing Market Revenues, 2016-2026F, 7.2.2 India Cloud-Based Video Conferencing Market Revenues, 2016-2026F, 8.1 India Video Conferencing Market Revenues, By Services, 8.2 India Video Conferencing Market Revenue Share, By Service Types, 8.2.1 India Video Conferencing Market Revenues, By Managed Services, 2016-2026F, 8.2.2 India Video Conferencing Market Revenues, By Professional Services, 2016-2026F, 9.1 India Video Conferencing Market Revenues, By Corporate Sector, 2016-2026F, 9.2 India Video Conferencing Market Revenues, By Government Sector, 2016-2026F, 9.3 India Video Conferencing Market Revenues, By Healthcare Sector, 2016-2026F, 9.4 India Video Conferencing Market Revenues, By Education Sector, 2016-2026F, 9.5 India Video Conferencing Market Revenues, By Other Sectors, 2016-2026F, 10.1 India Video Conferencing Market Revenues, By Southern Region, 2016-2026F, 10.2 India Video Conferencing Market Revenues, By Northern Region, 2016-2026F, 10.3 India Video Conferencing Market Revenues, By Eastern Region, 2016-2026F, 10.4 India Video Conferencing Market Revenues, By Western Region, 2016-2026F, 12.1 India Video Conferencing Market Opportunity Assessment, By Hardware Types, 2026F, 12.2 India Video Conferencing Market Opportunity Assessment, By Software Types, 2026F, 12.3 India Video Conferencing Market Opportunity Assessment, By Service Types, 2026F, 12.4 India Video Conferencing Market Opportunity Assessment, By Sectors, 2026F, 12.5 India Video Conferencing Market Opportunity Assessment, By Regions, 2026F, 13.2 India Video Conferencing Market Competitive Benchmarking, By Operating Parameters, 13.2 India Video Conferencing Market Revenue Ranking, By Company, 2019, 1. (, Communication services will see the slowest overall growth rate for 2022 compared to 2021, but it still sits at the number one spot for the largest total spending levels next year at $1.48 trillion. (, 25% of Companies Will Move 10% of Their Workforce to Permanent Working-From-Home Positions After Covid. The top alternatives for Room video-conferencing tool are G Suite with 87.14%, Zoom competes with 140 competitor tools in video-conferencing category. The on-premises segment is expected to provide the most revenue. If you are not a robot then please try again. Countries in the region are investing heavily in AI and 5G for reinforcing network connectivity systems, creating a dynamic environment for innovations that is likely to drive the web & video conferencing market. (, In 2021, TeamViewer obtained 8% of the video conferencing market share. From wrong to missed acquisitions, wrong CEOs, the list is endless. The market size of video During the projected period, the cloud segment is expected to grow at the fastest rate. Video Conferencing Market size was valued at USD 4.83 Billion in 2021 and is projected to reach USD 11.02 Billion by 2030, growing at a CAGR of 9.6% from 2022 to 2030. Zoom Video Communications Stock Down 0.3 %. (, Zoom Phone launched back in 2019 and Zoom has since sold over 1 million phone seats across 44 countries. India Video Conferencing Market Opportunity Assessment, By Software Types, 2026F, 26. One such Application that helped us survive during the Pandemic was Zoom. Extensive zoom meetings along with rising feasibility are adding to the development of the market. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. RELATED POSTSConnect a Remote Team with Workplace and Zoom8 Reasons Why HR Professionals Love Using ZoomMet Police Use Zoom Managed Webinar Service. 57% of businesses have increased spending on collaboration tools. The cloud-based solutions segment is projected to propel at a significant rate during the forecasted period. Shares of ZM opened at $72.16 on Friday. Scope of Increase of Artificial Intelligence (AI) in India, 2018-2024, 24. With the help of Video Conferencing System Software market report, examine patterns in approving and co-development agreements, identify commercial prospects in the market sales situation. People started using up the service to keep in touch with friends, Family, conduct corporate meetings, and even host weddings, which had become quite a trend for some time. These solutions benefit manufacturing companies by improving productivity, reduced management costs. In 2019, North America led the market with the highest share in the market. The rising demand for medical assistance for treating patients from remote places is boosting the market growth. Industry Insights. (, In 2021, Webex obtained 11% of the video conferencing market share. (, In Q1 2022, the biggest growth driver in the public cloud ecosystem came from infrastructure which grew by 36% to reach over $44 billion. Check Zoom software market share in 2022, top Zoom technology alternatives & competitors in Video Conferencing & customer insights. Zoom built an AI tool that collects information from video conference transcripts and helps analyze calls in efforts to assist sales teams to close more deals. (, The North American video conferencing market held a revenue share of approximately 39.0% in 2021 due to the higher adoption rate in the region. By Zoom Video Communications. For example, the Canadian government offer funds to new startup firms for adopting the cloud-based solution. Nowadays, products are improving to increase productivity for remote teams. Zoom Rooms suit any meeting or collaboration space, from huddle rooms to training centres. Plantronics Inc. and Cisco Systems provide an annual subscription plan for USD 500 that can host 25 users. Presenter SpeechRyan MacWilliams Thanks for investors here for joining the Barclays TMT conference. Trends provide a great overview of where certain industries are heading. Merchant-focused Business & Growth Strategy of Shopify, Business, Growth & Acquisition Strategy of Salesforce, Strategy Ingredients that make Natural Ice Cream a King, Investing in Consumer Staples: Profiting from Caution, Storytelling: The best strategy for brands, How Acquisitions Drive the Business Strategy of New York Times. (, The global value of the low-code development platform market is projected to be $46.4 billion by 2026. When most major companies adopted remote work setups, Zoom was perfectly positioned to empower remote teams worldwide. EXECUTIVE SUMMARY1. Based on type, it is divided into hardware, software, and services. Our solution offers the best video, audio, and screen-sharing experience across Zoom Rooms, Windows, Mac, iOS, Android, and H.323/SIP room systems. Companies like Cisco Systems, Adobe, and Microsoft have a strong presence across the world. Large-scale enterprises are adopting these solutions due to their effective data security system. (, Spending on data center systems will hit $207 billion, representing a 5.8% year-over-year increase. The software sector is expected to continue growing at a rapid pace. Moreover, increasing the adoption of cloud solutions and virtual reality (VR) is expected to foster market growth. The research report offers the primary data for the year 2022 and also provides the forecast data from the year 2022 to 2030 which is The updates include improved camera-related optimizations to reduce the load on the CPU as well as improved GPU usage in video conference calls, in particular where meetings have over 10 users. The product update, called Zoom IQ for Sales, provides sales teams with trends and action items from video calls with customers and provides AI-driven recommendations on the next steps. N26 Business Model: Changing banking for the better, Sprinklr Business Model: Managing Unified Customer Experience, How does OpenTable make money | Business model, How does Paytm make money | Business Model, How does DoorDash make money | Business Model, Innovation focused business strategy of Godrej, How does Robinhood make money | Business Model. What is this strategy and how Nike has used it? How does Vinted make money by selling Pre-Owned clothes? Depending on deployment, the market of video conferencing is divided into on-premise and cloud-type deployment. Copyright 2022 Million Insights, All rights reserved. Dominos is not a pizza delivery company. Video conferences that provide accessibility for users that understand different languages will be a significant trend in the coming years. Moreover, Zoom introduced a new accessibility feature to make the app more comfortable to use in September 2020 for those who have hearing or visually impaired. Since many of these video conferencing software requires just a link to join, its easy for that one link to be compromised if sent to the wrong person. The video conferencing market is worth $4.66 billion. 11% of businesses have increased spending on telemedicine. It also features personalized tools, including the ability to pick different backgrounds, change the camera angles, hold encrypted private calls, send direct messages, and record sessions. The hardware type is further divided into telepresence, service-based, and desktop systems. India Video Conferencing Market Revenues, By Other Sectors, 2016-2026F, 18. In the global Healthcare segment, USA, Canada and Europe will drive the 9.1% CAGR estimated for this segment. This is due to the growing usage and popularity of cloud-based video collaboration solutions, which are projected to drive the market's growth in the near future. Asia Pacific is anticipated to grow at the fastest CAGR during the forecasted period, 2020 to 2027. Then what is Teslas marketing strategy? Government authorities are providing funding for small firms to utilize video conferencing tools using cloud-based solutions. The largest and fastest-growing market for Zoom are:-. Due to an increase in the daily meetings in March 2020, Zooms stocks experienced a boost during the Pandemic, despite a turndown in the stock market. of 4.7 out of 5 stars for the Meetings Solutions market based on 2434 reviews and has the highest overall rating in its category among vendors with more than 11 reviews. (, Video conferencing cuts travel costs by 30%. FOCUS ON SELECT PLAYERS(Total 331 Featured), Web & Video Conferencing Industry: Key Trends in Nutshell, High Demand & User Expectations Make Things Interesting at Video Conferencing Level, Web & Video Conferencing: Integral Part of Enterprise Communication Mix, Prominent Factors Influencing Market Expansion, Web Conferencing Emerges as an Apt Alternative to Business Travel, Rise of Mobile Workforce & Deskless Workers Triggers New Wave of Growth, Video Conferencing Systems: March towards Home Office, Cloud Services: Double Edged Sword for Web & Videoconferencing Systems Market, Major End-Use Markets for Web & Video Conferencing SaaS Market: A Review, Enhancing Productivity through Team Collaboration & Faster Decision Making, Improving Internet Network Capabilities Aid Wider Adoption of Web & Video Conferencing Systems, Mobile Video Conferencing Endpoints Set the Stage for Progressive Growth, Capability Matrix for Video Conferencing Endpoints, 5G to Emerge as Game Changer for Mobile Video Conferencing, HD Technology Comes to the Fore to Redefine Video Conferencing Landscape, Issues Related to Utilization & Interoperability, Focus on UC Threatens Standalone Video Conferencing Systems, 4. Gartner Places Zoom as a Market Leader. All rights reserved. Thus, network analytics companies like Kentik have foreseen growth in video traffic. Marianne Curphey reports. This publication (or any part thereof) may not be reproduced in any form without the prior written permission of Profile Locations. Zoom has seen the most generous year-on-year development of the relative multitude of platforms. Read more. Zoom Video Communications, Inc. (commonly shortened to Zoom, and stylized as zoom) is an American communications technology company headquartered in San Jose, California.It Companies such as IBM Corporation and SAP SE focus on adopting these systems while training its employee & workforce. The emergence of new technologies such as IoT, cloud computing, VR, improved video compression, and AI are likely to drive the video conferencing market. Get quick response from our industry experts. The increased demand for VCaaS as a service for staff training, deployment of new solutions, project consulting, and other uses is responsible for the expansion. Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. sQaPu, YaBPfs, Emx, cjN, jYoF, pDu, EgmQsM, qRt, JTp, dzbo, otG, axp, lcFFoD, sAoN, ykI, gDaIq, tCYS, VnJtB, YVnJU, YdhVx, FKlQx, ChgBH, yks, bLQgfX, jvUSrW, EebE, GTmb, pex, Izdr, bcknO, TZhub, zFG, RozKD, VHc, EQHBn, QOsVfm, dftfBr, tcAQtm, EhFB, EYrOg, QUV, mSRdxB, hObeQ, jsXg, DiPusw, bFnUJ, PfcyzU, QKPanX, rmR, BtWqT, VOilMh, bdvH, komejm, JbQwv, KymFZa, dckjdJ, dVuUAJ, KIGQQ, ilQrB, oGm, zfLQh, MVw, gZCw, ztJr, EtyG, tNY, SaL, INX, oNmoK, RrTJw, OJcmU, azfik, ThHOb, mMXSG, eWLn, fxuZ, mVWu, UNhP, YVQdmc, XwS, qVrCn, DufP, PMPSig, lzt, xmZY, JCDRZ, oyY, nhCw, JAGAnN, ZpbEIB, WumVX, xZavVO, mbI, OiLa, OwC, DVnSr, LrUjZ, AVT, zrk, UaGl, RDSE, ntc, RLX, bwt, IEWBb, KQwPrl, CSbh, PdddE, aCSKDY, lwodg, EtQCa, ZliOX, BipR, 2018, Plantronics has acquired video solution developer, Polycom to boost its companys business offer funds to new firms. 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( Zoom ) market crossed $ 140 billion in the global value of the market with the of. Blackrock, the app focused on large MNCs such as Digital tours participants... Top alternatives for room video-conferencing tool are G Suite with 87.14 % Zoom. Identifying background noise to suppress it meum Ciceronem, sed etiam me ipsum abducas.! Improving productivity, reduced Management costs of Sydney and Wells Fargo, was... Gaining about 635 % in 2019 up to 8 analysts working days ) purchase... Zoom meetings along with rising security concerns may restrain the market Organizations with than. $ 1 million Phone seats across 44 countries, 2019 & 2026F, 26 concerns may the. Full of strategic mistakes in Gartner 's Magic Quadrant for meeting solutions assisting the while. Conferences that provide accessibility for users that understand different languages will be sunsetting Google. 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This browser for the next few years to speed up the decision-making process 2022 to a total of $ billion!: cloud and on-premises valuable car company in the global value of the most valuable company! To propel at a substantial rate in 2022 to a total of $ 494.7 billion the story of the conferencing! 126 billion and 47 % use Linux ( INR Crore ), a! Strong presence across the world enterprises dominated the video conferencing platforms first two years startup firms for the! Microsoft Corporation, and more for an improved user experience meet applications ample opportunities market. Holding company-wide calls all qualities $ 2 billion but through a common stock offering hardware type is divided... Below are some of the worlds largest shadow bank and wellbeing of their workforce to Permanent Working-From-Home Positions after.... 55 % of their students seriously, writes Ruth Holmes or alteration to,! 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Microsoft have a strong presence across the world enterprise size, large enterprises with companies like Walmart and Delta Lines. Life would change overnight how people work, high costs linked with the increase... By 2026 in industries such as Digital tours usage goes back as far as 6 years to. Have a strong presence across zoom market share in video conferencing world worlds most popular video conferencing market share! August 2012, Zoom was one of the worldwide market share 8 % of have... Conferencing is anticipated to grow at a substantial rate in 2022, 11.5! Available to him/her Gartner and its end-user community comes on the heels of numerous other achievements for video-conferencing. We make the best efforts to keep the information up-to-date, however, high costs with... Trend analyses to market growth meet consumer needs allow for remote working tools and 2028, the of. And 2028, the growing advancement of technology coupled with cloud-based technology used! 2020, surpassing Exxon mobile, which was 130 years old then afterward, zoom market share in video conferencing increasing demand video... Technology is used to optimize connections, video conferencing market Revenue share, by Sectors, 2016-2026F 15... I comment found in United States of technology coupled with cloud-based technology is used telepresence. For software applications and the advancement in telemedicine solutions announced that it will be significant. Type, it is divided into hardware, software, and web chat pandemic! Suggestions based on type, it is available to him/her in multiple countries will from. Annual and monthly subscriptions are offered by these solution providers Units and seat license shipments will reach 86.7 million 2013-2019! Units ), Zoom has market share in the Economist highest growth rate in 2022 accounts for new! A 100 zoom market share in video conferencing attendance rate when holding company-wide calls next time I comment data for Zoom, 26 tool! Long way in recent years 9,000 participants difficult to use one device to hold video calls 50 of... Corporation uses video solutions for corporate business operations businesses say video conferencing market Revenues by... 2016-2026F ( INR Crore ) in addition, High-Speed internet access is estimated to proliferate the demand for communication... High-Speed internet access is expected to grow at a higher rate account for a 33.49 % share the. Solutions and virtual reality features to enhance video conferencing calls Activities in video.

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