zoom market share in video conferencing

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Video conferencing solutions help in taking decisions faster with reduced cost. Eric left Cisco in April 2011 along with 40 engineers to start a new company initially named Saasbee, Inc. Zoom Video Communications Stock Down 0.3 %. We make the best efforts to keep the information up-to-date, however, an offers terms might change at any time. India Video Conferencing Market Revenue Share, By Software Types, 2019 & 2025F, 11. (, Webex was the second most compared product to Zoom throughout 2021. 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. As a result of these reasons, this market is predicted to rise significantly. The cloud-based solutions segment is projected to propel at a significant rate during the forecasted period. Zoom competes with 62 competitor tools in online-meetings category. (, The global video conferencing market size is projected to grow to USD 22.5 billion by 2026. 57% of businesses have increased spending on collaboration tools. In this piece, we connect Apples unique and successful take on social media to its core values. Which segment based on types is expected to grow at a higher rate during the upcoming years? Type above and press Enter to search. Based on type, it is divided into hardware, software, and services. 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 trend has become more popular since it ensures all invitees can absorb the content without having to join these calls live. Get quick response from our industry experts. Main Objectives of the National Policy on Software Products, 2019, 23. 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. 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. Furthermore, a growing number of international workshops and online seminars are expected to increase the demand for video solutions. BlackRock, the story of the worlds largest shadow bank. The microphones segment is anticipated to grow at a significant rate owing to its high demand from sports events. Industry Insights. There were still few people other than the engineering group that Yuan took it upon himself to email any user who canceled the subscription. 5.49% of the global market share of web conferencing is Based on type, it is divided into hardware, software, and services. With 42.8% Cloud-based video conferencing provides more convenience for users such as accessibility for mobile work, incorporating database functionality for uploading and accessing files, and allowing real-time updates to tasks and projects. India Video Conferencing Market Revenues, By Eastern Region, 2016-2026F, 21. Global Web and Video Conferencing SaaS Market to Reach US$7 Billion by the Year 2026. The COVID-19 pandemic has had a profound impact on how people work. India Video Conferencing Market Revenues, By Hardware, 2016-2026F (INR Crore), 8. (, Zoom has 467,100 paying customers that have more than 10 employees. Zoom is undoubtedly one of the worlds most popular video conferencing platforms. (, 77% of people have used desktop computers or laptops to access video calls. 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. Educational Institutions around the world also moved towards the platform to conduct classes online. This development comes as an effort for LinkedIn to have users spend more time on their professional social networking site. With Zooms 4 word motto Make Communication Frictionless, It certainly did smooth the communication process. The largest and fastest-growing market for Zoom are:-. When on a live video call, ensuring the presentation is visually appealing has been a rising trend. 11% of businesses have increased spending on tools listed as other. 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. 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. This is the fourth time Zoom has been positioned in this Gartner Magic Quadrant and its third time as a Leader! (, Spending on data center systems will hit $207 billion, representing a 5.8% year-over-year increase. Apples social media strategy is extremely unusual. 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. 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. Companies such as Hall & Zoom are offering free video communication tools for SMEs. (, The global software development market size was valued at 429.59 billion in 2021 and is expected to expand at a CAGR of 11.7% from 2022 to 2030. 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. Companies like Microsoft Corporation, and ezTalks Logitech are focusing on improving software capabilities to meet consumer needs. The demand and requirement for video conferencing is expanding continuously due to geographically dispersed businesses and remote workforce management. (, 86% of Businesses Have Implemented a Covid-Related Policy. India Video Conferencing Market Revenues, By Northern Region, 2016-2026F, 20. Why? The country's reduced internet connection prices, as compared to worldwide prices, are also projected to boost growth. This website is owned and operated by ryze beyond ltd. Reproduction of this website, in whole or in part, is strictly prohibited. Some of the major key companies listed-Cisco, Microsoft, BlueJeans Network, Zoom, Google, LogMein, PGi, Huawei, Fuze, Vidyo, Adobe, Lifesize, Blackboard, ZTE, Furthermore, favorable government initiatives encouraging the implementation of online education platforms are expected to boost development prospects in the coming years such as the Ministry of Human Resource Development (HRD) has provided a number of free digital e-Learning portals that students can use to continue their education when schools are closed due to COVID-19. 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. Read more. Anyways I will end the article here since I need to attend Zoom Meeting. September 22, 2021. In addition, due to benefits such as reduced cost & fast decision making, services like webcasts & telepresence are evolving with the help of advanced technologies. It's safe to say Zoom is making a tremendous impact in the meeting solutions market, and by the looks of things, they're only getting started. It now appears that Zoom has started expanding its footing across industries quickly as the coronavirus pandemic continues. 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. 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. (, 3.4% of Americans worked from home before the COVID-19 pandemic. (, The SaaS industry has increased in size by around 500% over the past seven years. Monthly subscription costs around USD 25. Dublin, Nov. 24, 2021 (GLOBE NEWSWIRE) -- The "Web and Video Conferencing SaaS - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. But Zoom is different. 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. 2022 Re:locate magazine, published by Profile Locations, Spray Hill, Hastings Road, Lamberhurst, Kent TN3 8JB. During the projected period, the telepresence system segment is expected to capture the most market share and see the fastest growth. For example, in 2019, Adobe, Inc. has introduced new software called Adobe Connect with enhanced capabilities. Zoom has noticed a huge adoption rate with lockdown and possesses 49% of the worldwide market share. As a result of these reasons, this market is predicted to rise significantly. (, 83% of the workforce say because they can work from home, they have increased job satisfaction. Between the years 2021 and 2028, the global video conferencing market is predicted to grow at a rate of 10.9%. The software industry has reaped significant benefits as a result of COVID-19's breakout, due to the imposition of a nationwide lockdown in the country to contain the spread of coronavirus, the majority of businesses have adopted work-from-home strategies, which has boosted the market value of video conferencing solutions. (, The global value of the low-code development platform market is projected to be $46.4 billion by 2026. 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. Zoom has also had growing adoption in large enterprises with companies like Walmart and Delta Air Lines switching to Zoom for video communications. . Why does Teslas Zero Dollar Budget Marketing Strategy work? (, 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. (, Worldwide IT spending is projected to total $4.4 trillion in 2022, an increase of 4% from 2021. How to Find a Network Security Key in Your Devices. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. Kashish M is an Undergraduate student from the Middle East. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$114.7 Million by the year 2026. During the projected period, the cloud segment is expected to grow at the fastest rate. (, 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. launched the first version of its product. 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. FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. According to 6Wresearch, the India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-2026. 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. With a vision to create the 21st centurys leading company, CyberAgent is a company that operates ABEMA, a new TV broadcaster of the future, and an Internet advertising business that boasts the top market share in Japan. Shares of ZM opened at $72.16 on Friday. Zoom unifies cloud video conferencing, simple online meetings, and cross platform group chat into one easy-to-use platform. Below are some Headquartered in San Jose, California in the United States. Yes, its true! Before the Pandemic happened, many didnt like the idea of a video calling tool, but everything changed overnight when people were forced to stay inside and carry on with their daily work. Video conferencing could be set to overtake emails as the number one business communications tool, according to a new report. What made it unknown but a massive banker? Although the pandemic has begun to ease in some areas, the work-from-home trend is still rising. Ford announced a new partnership with Cisco, makers of Webex video conferencing software, to turn its Ford F-150 Lightning into an office space. Furthermore, development in 5G technology is projected to create ample opportunities for market growth. 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. Saudi Arabia Video Conferencing Market (2020-2026): By Regions (Eastern, Western, Central and Southern)and Competitive Landscape. The growing advancement of technology coupled with cloud-based technology is also one of the major factors adding to the development of the industry. Lorem ipsum dolor sit amet, consectetur adipiscing elit. With me today from | December 8, 2022 Share buybacks. Eric Yuan initially founded zoom Video Communication (more famously known as just ZOOM) on April 21, 2011. This helped various people to use Zoom creatively. (, In 2021, Zoom dominated the video conferencing market share with 50% of the total market share. The presence of high-tech companies in the market is mainly driving the demand for these systems. 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. What is Zoom market share in the online-meetings? Guidance. Google announced that it will be sunsetting its Google Hangouts application. But it did experience a fall of more than 15% when the news broke in November 2020 about the vaccines efficiency. Check Zoom software market share in 2022, top Zoom technology alternatives & competitors in Video Conferencing & customer insights. India Video Conferencing market has witnessed significant growth owing to the integration of video communication services and solutions with sophisticated, unique, and innovative technologies such as artificial intelligence, the Internet of Things, and cloud-based solutions and technology. Zoom was valued at $16 billion USD from trading after its the first day on the market. 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. According to 6Wresearch, the India Video Conferencing Market Video conferencing is finding increasing acceptance among medical professionals to treat patients while practicing social distancing during COVID-19. Yuan was namedEntrepreneur of the Yearfor the Northern California region by Ernst & Young and earned the spot of#1 large company CEO in the US in the Glassdoor Employees Choice Awards. EXECUTIVE SUMMARY1. The small & medium enterprise segment is estimated to grow at a significant rate over the forecasted period. Ciao! What is this strategy and how Nike has used it? People dont need a login to access a meeting, and the interface is relatively intuitive. Avail of customized purchase options to meet your exact research needs. ), Is Asana Basic Free? Polaris Market Research recently released a revised report on Video Conferencing Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. Companies like Google have begun rolling out live translations during their video conferencing calls to ensure that teams from all over the world can understand the contents of the meeting in any language they prefer. (, Since the start of the pandemic, most companies have been migrating to online-only events. The top alternatives for Zoom video-conferencing tool are G By 2023, the annual video conferencing units and seat license shipments will reach 86.7 million. The global video conferencing market as a whole is expected to reach 9.95 billion in value by 2028 with a CAGR of 11.4% according to market prospects. During the anticipated period, the service sector is expected to grow at a higher rate. 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. Google has started rolling out live translations during video calls in its Google Meet applications. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Apple A Unique Take on Social Media Strategy. Earlier this week themodern enterprise video communications service,Zoom was named a leader in Gartner's Magic Quadrant for Meeting Solutions. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 5G networks present opportunities for the video conferencing market. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). The product uses machine learning models to make suggestions based on customer questions during sales calls. During the projected period, the telepresence system segment is expected to capture the most market share and see the fastest growth. The market has witnessed an annual growth rate from 5.9% in 2019 up to 10.5% in 2020. The solutions segment is expected to account for a major web conferencing market share throughout the forecast period. Corporate, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$4.1 Billion by the end of the analysis period. In fact, 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 (Statista). (, The remaining 4% of the video conferencing market share was obtained by multiple smaller vendors. Zoom Video Communications, Inc. (commonly shortened to Zoom, and stylized as zoom) is an American communications technology company headquartered in San Jose, California.It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform used for video communications (Meetings), messaging (Chat), voice calls (Phone), (Future Processing, Nearly 70% of developers used Javascript in the past 12 months. Below are some key statistics and facts about conferencing equipment: According to Markets and Markets, APAC is estimated to hold the largest market share in video conferencing in 2021. Africa Video Conferencing Market (2020-2026): 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 and, Rest of Africa) and Competitive Landscape. Increase in Internet Malware Activities in India, 2013-2019, (in Million Units), 7. Depending on enterprise size, large enterprises dominated the video conferencing market owing to the rising adoption of video solutions for corporate business operations. Our solution offers the best video, audio, and screen-sharing experience across Zoom Rooms, Windows, Mac, iOS, Android, and H.323/SIP room systems. Good international schools take the health and wellbeing of their students seriously, writes Ruth Holmes. Revenue in USD billion & CAGR from 2020 to 2027, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Component, deployment, enterprise size, end-use, region. (, In 2021, Webex obtained 11% of the video conferencing market share. According to the Telemedicine Association of America, in the U.S, around 76.0% of healthcare firms utilize telehealth services. Nine years ago, no one had heard of such an application, let alone imagine how it would contribute to helping humanity to survive and move on with their lives during the Pandemic. It was founded in 2011 by Eric Yuan, and launched in January 2013. The video conferencing market is expected to surpass $50 billion by 2026. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); You can reach us out at [emailprotected] .Disclaimer: The views and opinions expressed in any article on the website are solely those of the authors and do not necessarily reflect the official policy or position of companies in context. Some of the software offered by major market players are Zoom meetings and chat, video webinars, Cisco Systems Webex suite, and Adobes Acrobat Connect Pro among others. 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. One of the major reasons that Zoom became successful is because of its easy accessibility. The company plans to give users at least a one-month notice then afterward, the site will point to the Google Chat site. In developing countries such as India, the Philippines, and Brazil, there is a huge demand for online education, and telemedicine. There are a few trends that are worth noting when it comes to video conferencing technology. The Google Hangouts desktop site will be available for use until November 2022. Over the past three years, Zoom has enjoyed an astounding 876% growth in number of customers in our network. 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. In the global Healthcare segment, USA, Canada and Europe will drive the 9.1% CAGR estimated for this segment. India Video Conferencing Market Revenues, By Education Sector, 2016-2026F, 17. All rights reserved. Small & medium scale enterprises are using these services and also use VoIP and 4G technologies. 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. In 2019, AVer has introduced a camera called CAM540 with advanced 4K features, smart frame functions. International universities make the grade. Touted as the most valuable car company in the world, Tesla firmly sticks to its zero dollar marketing. Moreover, rising penetration towards remote working and adoption of work from home is also proliferating the growth of the market. (, Microsoft Teams was the most compared product to Zoom throughout 2021. Google states it has made these live translations available to a limited number of Workspace customers in early January and that it will release the feature to all users shortly afterward. T. his segment currently accounts for a 9.7% share of the global Web and Video Conferencing SaaS market. 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. By June 2020, the value of the company was $67 billion. However, high costs linked with the deployment of these systems along with rising security concerns may restrain the market growth. This age of connectivity has brought many conveniences and advantages to Email marketing is dead. (, In 2021, Google Meet obtained 4% of the video conferencing market share. Zoom Rooms is the original software-based conference room solution used around the world in board, conference, huddle, and training rooms, as well as executive offices and India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-26. We have data on 106,041 companies that use Zoom. For example, in 2016, Tech Mahindra has contracted with Cisco Systems to get video solution services for seven years. If you'd like to find out more about Zoom, register for our latest Zoom webinar. In 2019, North America led the market with the highest share in the market. Google Apps currently has a 41.46% market share. 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. 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. Soon it became the most downloaded apps. Zoom announced a new contact center-as-a-service product that provides video calling to companies seeking to offer their customers more visual interactions. Additionally, growing adoption of authentication technologies such as facial detection & recognition. Artificial intelligence (AI) and machine learning in video conferencing is a new technology trend that has risen recently. 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. 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. Copyright 2022 Million Insights, All rights reserved. In 2019, the hardware component segment led the market with the largest market share in the overall market. India Video Conferencing Market Revenues, By Software Types, 2016-2026F (INR Crore), 3. It has been a challenging year for everyone. In addition, increasing demand from the education sector for web conferencing is anticipated to surge the market growth. India Video Conferencing Market Revenues, By Service Types, 2016-2026F (INR Crore). The app also provideda built-in beautification filter, one of several services that further helped to stand out. India Video Conferencing Market Revenues, By Corporate Sector, 2016-2026F, 14. There are 26.9 million software developers worldwide. As I've mentioned previously in this article, Zoom has been named a leader in Gartner's Magic Quadrant for a 3rd consecutive year! 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. Multinational corporations that have offices in multiple countries will benefit from live translations in video conferencing calls. 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. It will also provide insight into if salespeople are speaking too quickly or using too many filler words during client calls. The global video conferencing market as a whole is expected to reach 9.95 billion in value by 2028 with a CAGR of 11.4% according to market prospects. 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. We do not compare or include all service providers, brands and offers available in the market. The update will allow meeting organizers and event planners to list, host and market interactive virtual events. The video conference market size in 2021 is estimated at $4.66 billion, video conference statistics indicate. 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. Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. (, In March 2020, video conferencing apps on Android and iOS hit a record of 62 million downloads in a week. The industry is also primarily driven by the growing presence of knowledge and business outsourcing firms, which currently hold the largest share of the India video conferencing market. (, The corporate segment dominated the market by acquiring a revenue share of over 28% in 2021. 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(, Zoom rapidly increased its revenue over the past two years, growing by 319% in 2020 and 53% in 2021. 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. India Video Conferencing Market Revenues, By Government Sector, 2016-2026F, 15. The Video Conferencing Market growth at a CAGR of 11.30% & expected USD 41.41 billion by 2029. Additionally, integrations that will connect all your essential apps and with AI can update all your systems from one video call. Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. Zoom Rooms suit any meeting or collaboration space, from huddle rooms to training centres. The firm believes businesses are increasingly turning to web conferencing to improve communication and collaboration among employees. Zoom has market share of 5.51% in video-conferencing market. (, 87% of team members say video calling has helped to speed up the decision-making process. The market is segmented into two segments based on software: cloud and on-premises. According to National Association of Software & Service Companies (NASSCOM), the adoption of cloud-based solution are projected to increase up to 75.0% in the next eight years. (, 88% of Businesses Encouraged Their Employees to Work from Home After the Pandemic Was Declared. Why Do People Think Email Marketing is a Good Idea? (, 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. 2023 Stock Market Outlook >. Captcha validation failed. (, Zoom was one of the fastest growing apps of the pandemic; meeting participants increased by 2900%. 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. Gartner Places Zoom as a Market Leader. India video conferencing market report thoroughly covers the market by types, sectors, and regions. Thus, network analytics companies like Kentik have foreseen growth in video traffic. 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. A study conducted by Mercer found that 70% of companies said they were planning to adopt the hybrid model. (, Software-as-a-service (SaaS) remains the largest public cloud services market segment and is expected to reach $176.6 billion in end-user spending in 2022. (, 13% of people have used tablets to connect to video calls. Latest Development (2022) in India Video Conferencing Market. Just read this April 2021 article in The Economist. For example,the company offersits services to K-12 schoolsfor no charge in various countries like UAE, Germany, Canada, the UK, and the US. It experienced a massive jump from $70 in January to $150 in March (almost double of its original). (, During COVID-19, 86% of organizations used virtual technology to interview potential candidates. LinkedIn is developing a new virtual events platform that offers audio and video calls. File sharing allows users to share documents live on a call to allow for quicker reviews and feedback on certain files. 98. (, Zoom Phone is the second biggest product for Zoom. With so many people working from home, there has been a dramatic increase in the demand for remote working tools. Which ushered in a new era of remote work for millions of employees across the globe. 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 to this study. The software sector is expected to continue growing at a rapid pace. 41% of businesses have increased spending on security software. The Web and Video Conferencing SaaS market in the U.S. is estimated at US$1.4 Billion in the year 2021. The robust urbanization which is responsible for the use of video conferencing is driving factor growth. 67% of businesses have increased spending on web conferencing software the largest increase in remote tool spending. (, Enterprise software is projected to have the highest growth rate in 2022, at 11.5%. (. 52% of businesses have increased spending on remote desktop tools. He said he would try and get them on a Zoom call to talk through their problems and see how he could fix them. Zoom is planning to update its contact center offerings with integrations for workforce management, electronic health records, and CRM software. For example, Vancouver Biennale provides artwork tours through mobile phones. 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. Additionally, enterprises that have large workforces may not always have a 100% attendance rate when holding company-wide calls. (, 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. Room competes with 138 competitor tools in video-conferencing category. Starbucks has mastered the art of value-based pricing. Team Chat. What is it then? Companies like Microsoft Corporation and Cisco Systems are focusing on developing video solutions using VoIP (Voice over internet protocol) technology. India Video Conferencing Market Revenues, By Western Region, 2016-2026F, 22. Zoom unifies cloud video conferencing, simple online meetings, and cross platform group chat into one easy-to-use platform. 2). 3). It was only in May 2012; the organization changed its name to Zoom. 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. Several enterprises offer innovative services such as digital tours. Within Europe, Germany is forecast to grow at approximately 11% CAGR while Rest of European market (as defined in the study) will reach US$1.2 Billion by the end of the analysis period. The global video conferencing market size was accounted for USD 3.85 billion in 2019 It is anticipated to grow at a CAGR of 9.9% over the forecast period, 2020 to 2027. The hardware type is further divided into telepresence, service-based, and desktop systems. Leading players in the market include Array Telepresence Inc.; Adobe Inc.; Cisco Systems, Inc.; Avaya Inc.; Huawei Technologies; Microsoft Corporation; Plantronics, Inc.; Logitech International S.A.; West Corporation; and Vidyo Inc. Key players in the market engage in new product launches, innovations, and strategic acquisitions to expand their product offerings. (, The number of meeting minutes Zoom facilitates every year is now over 3.3 trillion. They're continually climbing the leaderboard because they focus on what the customer wants. Moreover, development in broadband technologies such as WiMAX, and High-Speed Downlink Access is estimated to proliferate the demand for video conferencing solutions. 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 anOverall Ratingof 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. See for yourself 410 E Santa Clara Street, Unit #1008 San Jose, CA, 95113, United States. 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. In the older days of video conferencing, technology was difficult to use, expensive and unreliable. Quem si tenueris, non modo meum Ciceronem, sed etiam me ipsum abducas licebit. Various companies such as Robert Bosch, Sony Corporation have collaborated to develop standards like Open Network Video Interface Forum (ONVIF). These solutions benefit manufacturing companies by improving productivity, reduced management costs. 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. This is due to the increasing demand for software applications and the advancement in technology. Our data for Zoom usage goes back as far as 6 years. Make meaningful connections with meetings, team chat, whiteboard, phone, and more in one offering. Moreover, the growing use of virtual private networks across different enterprises is expected to bolster the demand for video conferencing solutions. Room has market share of 0.00% in video-conferencing market. India Video Conferencing Market Revenue Share, By Sectors, 2019 & 2026F, 4. It sells an idea!! We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Zoom has seen the most generous year-on-year development of the relative multitude of platforms. This news comes about six months after Zoom announced that it received the overall highest customer rating in theGartner Peer Insights Voice of the Customer: Meeting Solutions Market. Below are some of the key software spending statistics: The software sector has seen incredible growth in recent years. No one could have thought how life would change overnight. U.S., Canada, U.K., Germany, France, China, Japan, India, Brazil. Large-scale enterprises are adopting these solutions due to their effective data security system. 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. 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. Cloud systems can be easily upgraded at any time. Additionally, cloud-based video conferencing is easy to implement, can save on costs, and increases productivity for remote teams. Additionally, the updates will include developments toward artificial intelligence and virtual reality features to enhance video conferencing on both Zoom and Teams. 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. The top alternatives for Room video-conferencing tool are G Suite with 87.14%, Mapped: The top video conferencing platforms in each country Free report customization (equivalent up to 8 analysts working days) with purchase. (, 34% of people have used dedicated conference room equipment to attend a virtual meeting. Increasing demand for employee training, project consulting services is mainly contributing to market growth. Companies are rapidly adopting software systems to provide ideal remote and hybrid work environments for their workforce. The rising emphasis of camera manufacturers such as AVer information for developing video cameras with additional features like artificial intelligence & facial recognition is supporting market growth. (. Starbucks prices products on value not cost. The rising number of technology and service-based companies across countries such as China and India is projected to boost market growth. (Global Market Insights Inc. 2020) The web and video conferencing market increased 500% Scope of Increase of Artificial Intelligence (AI) in India, 2018-2024, 24. Zoom competes with 140 competitor tools in video-conferencing category. This publication (or any part thereof) may not be reproduced in any form without the prior written permission of Profile Locations. The firm believes businesses are increasingly turning to web conferencing to improve communication and collaboration among employees. Thus, several companies are focusing on adopting video conferencing tools, which is expected to surge the market growth, various government agencies also are carrying out their procedures through video conferencing due to lockdown situations. 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 On-premise deployment solutions are expected to grow at a substantial rate in the next few years. From wrong to missed acquisitions, wrong CEOs, the list is endless. Video Conferencing Players Heat up Competition with Innovative Features, Video Conferencing to Remain a Necessity & Undergo Makeover in Post-Pandemic World, Risk of Next Waves of COVID-19 Infections Looms Large Leading to Further Adoption of Web & Video Conferencing, Web & Video Conferencing SaaS: Industry Overview, Web & Video Conferencing SaaS Appears Poised to Remain Popular Trend in 2021, Developed Regions Enjoy Dominant Market Position, Developing Countries: Uncovering True Potential. (TrueList). 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. The India Video Conferencing market report provides a detailed analysis of the following market segments: 1). These solutions help companies to collaborate their employee bases across different locations. The hardware type is further divided into telepresence, service-based, and desktop systems. Zoom now has 13 global data centres, as well as a presence in the US, UK, France, Australia, China, Japan, and elsewhere. Below are a few statistics that reflect how COVID-19 has changed the way we work: The software industry has been a significant contributor to our ability to work remotely and collaborate with other teams online. Zoom allows users to conduct audio and video meetings from 2 to hundreds of people. (, The AI market will grow to a $190 billion industry by 2025. Data security tools are used for efficient data transmission. India Video Conferencing Market Opportunity Assessment, By Regions, 2026F, 29. Both low-end and high-end devices will be able to receive similar qualities when using the Microsoft Teams application. (, In Q1 2022, the biggest growth driver in the public cloud ecosystem came from infrastructure which grew by 36% to reach over $44 billion. 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. Zoom had a decent launch when it was first founded in 2011, however, its popularity has exploded ever since the beginning of the COVID-19 pandemic in 2020. However, due to the COVID-19 outbreak, the market is expected to witness a decline in the demand for hardware components. Companies like Cisco Systems, Adobe Inc., focus on instituting long-term contracts with enterprises. Dont Lose Your Market Share. Trailblazers in people functions, like HR global mobility expertise, OD, learning and development, HR data analysts and talent managers, are seizing this post-covid age of flux finds a report published today by KPMG. Cloud solutions provide improved convenience using multiple channels. For instance, in 2019, ezTalks has introduced the ezTalks meeting tools for communication through whiteboard via drawing. Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare), By Regions (Northern, Southern)and Competitive Landscape. Marianne Curphey reports. Zoom is a future-friendly platform that enables workers to be as flexible as they want. 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. Which segment among software is anticipated to provide more revenues? (, Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to a total of $494.7 billion. As a business leader, acknowledging how these technologies are changing the workplace and implementing them in your operations may attract better talent and grant a competitive edge. During the projected period, the cloud segment is expected to grow at the fastest rate. It also waived its monthly charge to all users in China. Today Zoom has become one of the most successful and used applications in the world. 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. One of the first customers of Zoom was Stanford University in November 2012. Zoom unifies cloud video conferencing, simple online meetings, and cross platform group chat into one easy-to-use platform. Microsoft has made updates to Microsoft Teams that will create more equitable experiences for devices of all qualities. 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. These are just a few of the many improvements that AI is making. 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. In fact, so many weddings were also held through zoom. The software industry has reaped significant benefits as a result of COVID-19's breakout, due to the imposition of a nationwide lockdown in the country to contain the spread of coronavirus, the majority of businesses have adopted work-from-home strategies, which has boosted the market value of video conferencing solutions, as businesses rely on video conferencing solutions to maintain timely meetings and conferences with employees from the comfort of their own homes. In the telecom sector, companies such as Logitech S.A., and Cisco Systems are contracting with telecom companies. India Video Conferencing Market Revenue Ranking, By Company, 2019, 1.India Video Conferencing Market Revenues, By Hardware Types, 2016-2026F (INR Crore), 2. India Video Conferencing Market Revenues, 2016-2026F (INR Crore), 2. 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. The growing trend of Voice over internet protocol (VoIP) is enabling IT business to effectively manage their network infrastructure through free communication. 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. Zoom is a video conferencing app, geared towards business usage. Recognition from Gartner and its end-user community comes on the heels of numerous other achievements for Zoom thus far in 2018. Video Conferencing Hardware is expected to Ship 3.6 Million Units in 2022. Regardless of which video conferencing software you are using, chances are youre seeing your vendor adopt at least one of the above trends. Annual and Monthly subscriptions are offered by these solution providers. For example, the Canadian government offer funds to new startup firms for adopting the cloud-based solution. 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. 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