Video conferencing is a key technology for businesses of all sizes. What is Zoom market share in the video-conferencing? (, The COVID-19 pandemic pushed abrupt closures of many offices and workplaces worldwide. (, Zoom has 2,278 business customers each contributing over $100,000 per year. (, Worldwide IT spending is projected to total $4.4 trillion in 2022, an increase of 4% from 2021. Touted as the most valuable car company in the world, Tesla firmly sticks to its zero dollar marketing. In 2018, CyberAgent was looking for a new solution to solve issues related to the video conferencing system. Thus, network analytics companies like Kentik have foreseen growth in video traffic. 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. This year Zoom has continued its incredible growth and has achieved significant market share relative to their competitors. Our solution offers the best video, audio, and screen-sharing Everyone can use the application no matter how they can access or connect to the internet. The software sector is expected to continue growing at a rapid pace. Rapid globalization in business and the rising need for a remote workforce are boosting the demand for video communication solutions. The product uses machine learning models to make suggestions based on customer questions during sales calls. (, 77% of people have used desktop computers or laptops to access video calls. In 2019, North America led the market with the highest share in the market. Employees back at work found their own video conferencing tool difficult, whereas Zoom was user-friendly, smooth, and free zoom accounts. Copyright 2022 Million Insights, All rights reserved. 5.49% of the global market share of web conferencing is The growth is attributable to major organizations increasing usage of on-premises video collaboration solutions in response to data security concerns and information security system maintenance. The global Video Conferencing Market size is projected to register a CAGR of 12.6% during the forecast period, reaching USD 19.1 Billion by 2027 from an estimated USD 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. 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. 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. 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. Zoom. REGIONAL MARKET ANALYSIS, For more information about this report visit https://www.researchandmarkets.com/r/rbboe0, "Web and Video Conferencing SaaS - Global Market Trajectory & Analytics", https://www.researchandmarkets.com/r/rbboe0, Inflation data, Fed meeting will set the table for 2023: What to know this week, UPDATE 1-NASA's Orion capsule heads for splashdown after Artemis I flight around moon, Turkeys Erdogan Discusses Possible Grain Corridor Expansion, Soccer-Keeper Roebuck secures valuable point for City in Manchester derby, Analysis-European food delivery shapes up with Getir's Gorillas buy. Companies using Zoom. It was founded in 2011 by Eric Yuan, and launched in January 2013. BlackRock, the story of the worlds largest shadow bank. Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. Zoom unifies cloud video conferencing, simple online meetings, and cross platform group chat into one easy-to-use platform. India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-26. (, In 2021, Zoom dominated the video conferencing market share with 50% of the total market share. As a result of these reasons, this market is predicted to rise significantly. (, In Q1 2022, the biggest growth driver in the public cloud ecosystem came from infrastructure which grew by 36% to reach over $44 billion. 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. How to Find a Network Security Key in Your Devices. 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. The technology is likely to also gain considerably from growing focus on telemedicine. SPY shares fell $0.43 (-0.11%) in after-hours trading Friday. 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. At the 2). Live translations during a video call are in the early stages of its trend. Moreover, the growing use of virtual private networks across different enterprises is expected to bolster the demand for video conferencing solutions. Moreover, development in broadband technologies such as WiMAX, and High-Speed Downlink Access is estimated to proliferate the demand for video conferencing solutions. (, In 2021, Webex obtained 11% of the video conferencing market share. Zoom has market share of 5.02% in online-meetings market. With me today from | December 8, 2022 Share buybacks. Online Whiteboard. India Video Conferencing Market Revenues, By Software Types, 2016-2026F (INR Crore), 10. 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. 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. Plantronics Inc. and Cisco Systems provide an annual subscription plan for USD 500 that can host 25 users. It now appears that Zoom has started expanding its footing across industries quickly as the coronavirus pandemic continues. 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 As men and women spent countless hours on Zoom and other video-conferencing platforms during the pandemic, they couldnt escape the camera and began researching facial cosmetic enhancement services. 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. 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. Zoom competes with 62 competitor tools in online-meetings category. One such Application that helped us survive during the Pandemic was Zoom. (, 88% of Businesses Encouraged Their Employees to Work from Home After the Pandemic Was Declared. Kashish M is an Undergraduate student from the Middle East. Zoom announced a new contact center-as-a-service product that provides video calling to companies seeking to offer their customers more visual interactions. Starbucks has mastered the art of value-based pricing. The market size of video 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. 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. 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. 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. Gartner evaluated 13 meeting solutions vendors for 2018, assessing each on both abilities to execute and completeness of vision. 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. For example,the company offersits services to K-12 schoolsfor no charge in various countries like UAE, Germany, Canada, the UK, and the US. We will dive into 100 video conferencing key statistics and facts, and learn about 7 new trends for 2022 and beyond. Our solution offers the best video, audio, and screen-sharing experience across Zoom Rooms, Windows, Mac, iOS, Android, and H.323/SIP room systems. One of the first customers of Zoom was Stanford University in November 2012. . Both low-end and high-end devices will be able to receive similar qualities when using the Microsoft Teams application. 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? 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. All rights reserved. Over the past three years, Zoom has enjoyed an astounding 876% growth in number of customers in our network. 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. Video conferencing solutions are witnessing a further increase in demand owing to an increasing count of online seminars, conferences, and international workshops. During the projected period, the cloud segment is expected to grow at the fastest rate. 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. The robust urbanization which is responsible for the use of video conferencing is driving factor growth. 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.. India Video Conferencing Market Revenues, By Healthcare Sector, 2016-2026F, 16. Google has started rolling out live translations during video calls in its Google Meet applications. T. his segment currently accounts for a 9.7% share of the global Web and Video Conferencing SaaS market. As a result of these reasons, this market is predicted to rise significantly. What is it then? Zoom is a future-friendly platform that enables workers to be as flexible as they want. Johnnie Walker The legend that keeps walking! India Video Conferencing Market Revenue Share, By Sectors, 2019 & 2026F, 4. Darren Palmer, Vice President, Ford Electric Vehicle Programs, stated, Ford is excited to be collaborating with Webex by Cisco for next-gen experiences in our electric vehicles, we see Webex as providing a secure and immersive collaboration experience. The feature will only be available for use when the vehicle is stationary and will have features that will suppress sound from others in the vehicle. India video conferencing market report thoroughly covers the market by types, sectors, and regions. Unified communication and collaboration platform. It has been a challenging year for everyone. Between the years 2021 and 2028, the global video conferencing market is predicted to grow at a rate of 10.9%. 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. Educational Institutions around the world also moved towards the platform to conduct classes online. The small & medium enterprise segment is estimated to grow at a significant rate over the forecasted period. 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. Video conferencing solutions are witnessing an increased demand and popularity from certain areas that include online education and telemedicine; primarily in developing countries that include India, Brazil, Philippines, and China. According to the Telemedicine Association of America, in the U.S, around 76.0% of healthcare firms utilize telehealth services. Scope of Increase of Artificial Intelligence (AI) in India, 2018-2024, 24. The Zoom Video Communication Inc. accounted for around 15% of the video conferencing market share in 2020. Two months earlier, the app just had less than 56,000 global downloads a day. From wrong to missed acquisitions, wrong CEOs, the list is endless. But it did experience a fall of more than 15% when the news broke in November 2020 about the vaccines efficiency. Zoom is undoubtedly one of the worlds most popular video conferencing platforms. LinkedIn is developing a new virtual events platform that offers audio and video calls. VoIP Phone System. India Video Conferencing Market Revenues, By Northern Region, 2016-2026F, 20. It was in January 2021 only that Zoom again raised $2 billion but through a common stock offering. #1 Software in Web Conferencing. Following the telepresence system, the service-based conferencing system segment is predicted to grow at the fastest rate over the forecast period. Based on our analysis, the global video Large-scale enterprises are adopting these solutions due to their effective data security system. 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. 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. The Web and Video Conferencing SaaS market in the U.S. is estimated at US$1.4 Billion in the year 2021. The organization faced difficulties finding investors since many thought the video telephony market was already saturated. 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. With Zooms 4 word motto Make Communication Frictionless, It certainly did smooth the communication process. India Video Conferencing Market Revenues, By Software Types, 2016-2026F (INR Crore), 3. Read more. Increase in Internet Malware Activities in India, 2013-2019, (in Million Units), 7. ), Is Asana Basic Free? 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. With so many people working from home, there has been a dramatic increase in the demand for remote working tools. Good international schools take the health and wellbeing of their students seriously, writes Ruth Holmes. Key Topics Covered: I. METHODOLOGYII. 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. 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. The conference experience and video quality for employees and enterprises is improving due to the use of AI-enabled technologies. The market is segmented into two segments based on software: cloud and on-premises. (, 55% of businesses say video conferencing effectively increases employee engagement. As per a report, the global video conferencing market size is forecasted to reach $10.92 billion by 2027. (, The global video conferencing market size is projected to grow to USD 22.5 billion by 2026. Based on type, it is divided into hardware, software, and services. Web Conferencing Software Market Share. With 42.8% Companies like Cisco Systems, Adobe, and Microsoft have a strong presence across the world. Various corporate events, trade shows, and international seminars have been canceled owing to the COVID-19 crisis initiated earlier January 2020. (, SaaS industry value is set to increase by over 2x by 2025. (, 78% of employees say they use web conferencing tools for team meetings. India Video Conferencing Market Revenues, By Service Types, 2016-2026F (INR Crore). 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. (, In 2021, Google Meet obtained 4% of the video conferencing market share. Conversation intelligence. Providing production effects such as virtual backgrounds and readily available recordings is attracting many users to certain platforms. India Video Conferencing Market Revenues, By Eastern Region, 2016-2026F, 21. Video conferencing could be set to overtake emails as the number one business communications tool, according to a new report. India Video Conferencing Market Revenues, By Other Sectors, 2016-2026F, 18. The Google Hangouts desktop site will be available for use until November 2022. Companies like Microsoft Corporation, and ezTalks Logitech are focusing on improving software capabilities to meet consumer needs. Google announced that it will be sunsetting its Google Hangouts application. The rising demand for medical assistance for treating patients from remote places is boosting the market growth. India Video Conferencing Market Revenues, By Corporate Sector, 2016-2026F, 14. Companies such as IBM Corporation and SAP SE focus on adopting these systems while training its employee & workforce. Companies like Microsoft Corporation and Cisco Systems are focusing on developing video solutions using VoIP (Voice over internet protocol) technology. What is Zoom market share in the online-meetings? This website is owned and operated by ryze beyond ltd. Reproduction of this website, in whole or in part, is strictly prohibited. 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. (, 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. 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 U.S., Canada, U.K., Germany, France, China, Japan, India, Brazil. However, due to the COVID-19 outbreak, the market is expected to witness a decline in the demand for hardware components. (, 30% of employees are full-time remote workers. Several companies in the market utilize video conferencing systems for interacting & collaboration with dispersed teams across different regions. Which ushered in a new era of remote work for millions of employees across the globe. For example, in 2018, Cisco Systems has introduced the Cisco Webex Edge Connect system that uses the companys unified communication manager. The COVID-19 pandemic is rapidly fueling the market for video conferencing; wherein both government agencies and businesses are focusing on video conferencing to connect remotely with workforce, employees, and consumers for avoiding direct contact.The U.S. Market is Estimated at $1.4 Billion in 2021, While Asia-Pacific is Forecast to Reach $2.4 Billion by 2026. 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. The hardware type is further divided into telepresence, service-based, and desktop systems. 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. (, 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. (, 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. (, Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to a total of $494.7 billion. These solutions help companies to collaborate their employee bases across different locations. For example, Eighth Conference on Learning Representation was projected to be held in March 2020, but owing to COVID-19, this was scheduled in April 2020 through video conference. 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. 77% of remote workers report higher productivity levels when working from home. How one step towards digital transformation completely changed the brand perception of Dominos from a pizza delivery company to a technology company? 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. 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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. India Video Conferencing Market Revenues, By Southern Region, 2016-2026F, 19. Market Dynamics: Will the Market Sustain Momentum in the Long Term? Indexes. What is this strategy and how Nike has used it? Market Forecast By Types (Hardware (Telepresence, Integrated, Desktop), Software (On-Premise, Cloud), Services (Managed, Professional)), By Sectors (Corporate, Education, Healthcare, Government & Other (Legal Services, Financial Services, Hospitality)), By Regions (Eastern, Western, Northern, Southern) And Competitive Landscape. India Video Conferencing Market Revenue Share, By Software Types, 2019 & 2025F, 11. 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. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. 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). 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. 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. Then what is Teslas marketing strategy? A customer (or a user) would use the product the more it is available to him/her. As of today, the above trends seem to be driving the development of video conferencing software and customers are excited to see how these enhancements evolve throughout the rest of 2022 and beyond. BlackRock has $7.9 trillion worth of Asset Under Management which is equal to 91 sovereign wealth funds managed. The video conferencing market is expected to surpass $50 billion by 2026. Companies like Cisco Systems, Adobe Inc., focus on instituting long-term contracts with enterprises. According to 6Wresearch, the India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-2026. (, 83% of the workforce say because they can work from home, they have increased job satisfaction. 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. 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. (, More than 667,600 IT jobs will be added between 2020 and 2030. India Video Conferencing Market Opportunity Assessment, By Service Types, 2026F, 27. (, 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. Soon it became the most downloaded apps. India Video Conferencing Market Opportunity Assessment, By Software Types, 2026F, 26. The solutions segment is expected to account for a major web conferencing market share throughout the forecast period. 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 is planning to update its contact center offerings with integrations for workforce management, electronic health records, and CRM software. There are a few trends that are worth noting when it comes to video conferencing technology. Zoom was valued at $16 billion USD from trading after its the first day on the market. Video conferencing is finding increasing acceptance among medical professionals to treat patients while practicing social distancing during COVID-19. (, Video conferencing cuts travel costs by 30%. 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 (. Monthly subscription costs around USD 25. The app also provideda built-in beautification filter, one of several services that further helped to stand out. It was found that the mobile app for Zoom was installed about 3.7 times more than Skypes and 8.6 times more than Google Hangouts, therefore becoming the most favorite video calling app from March 2020 onwards. Anyone could just send the invitation, and it would quickly launch the meeting. In developing countries such as India, the Philippines, and Brazil, there is a huge demand for online education, and telemedicine. launched the first version of its product. How big is the video conferencing market? The UK government is to legislate to give millions of employees the legal right to request flexible working on the first day of starting a new job. 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. (, Since the start of the pandemic, most companies have been migrating to online-only events. Holographic technology is used in telepresence for higher efficiency. (, In 2021, TeamViewer obtained 8% of the video conferencing market share. The growing advancement of technology coupled with cloud-based technology is also one of the major factors adding to the development of the industry. When most major companies adopted remote work setups, Zoom was perfectly positioned to empower remote teams worldwide. Call Transcripts. It is used to optimize connections, video compression, audio quality, and more for an improved user experience. India Video Conferencing Market Revenue Ranking, By Company, 2019, 1.India Video Conferencing Market Revenues, By Hardware Types, 2016-2026F (INR Crore), 2. 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. Below are some The growing trend of cloud-based solutions and IoT devices is mainly boosting segmental growth. Based on type, it is divided into hardware, software, and services. Anyways I will end the article here since I need to attend Zoom Meeting. People dont need a login to access a meeting, and the interface is relatively intuitive. Cloud systems can be easily upgraded at any time. (, The corporate segment dominated the market by acquiring a revenue share of over 28% in 2021. These solutions benefit manufacturing companies by improving productivity, reduced management costs. (, 25% of Companies Will Move 10% of Their Workforce to Permanent Working-From-Home Positions After Covid. 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. Some platforms are also allowing for live interpreter options to provide interpretations live instead of relying on AI to do all the translations. 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. 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. India Video Conferencing Market Revenue Share, By Hardware Types, 2019 & 2026F, 9. 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. 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. 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. - 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). (, 34% of people have used dedicated conference room equipment to attend a virtual meeting. (, Zoom rapidly increased its revenue over the past two years, growing by 319% in 2020 and 53% in 2021. The majority of the corporate businesses are adopting the Work from Home policy due to the coronavirus pandemic. (, Spending on data center systems will hit $207 billion, representing a 5.8% year-over-year increase. 67% of businesses have increased spending on web conferencing software the largest increase in remote tool spending. In addition, high-speed internet access is expected to support the market growth. The companies using Zoom are most often found in United States and in the Religious Institutions industry. Get quick response from our industry experts. They're continually climbing the leaderboard because they focus on what the customer wants. Zoom Video Communications, Inc. (commonly shortened to Zoom, and stylized as zoom) is an American communications technology company headquartered in San Jose, California.It During the anticipated period, the service sector is expected to grow at a higher rate. (TrueList). 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. The video conferencing market is worth $4.66 billion. Zoom Rooms suit any meeting or collaboration space, from huddle rooms to training centres. Companies are rapidly adopting software systems to provide ideal remote and hybrid work environments for their workforce. China will remain among the fastest growing in this cluster of regional markets. Team Chat. 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. Room has market share of 0.00% in video-conferencing market. Apple A Unique Take on Social Media Strategy. The global video (, 3.4% of Americans worked from home before the COVID-19 pandemic. Below are some key statistics on the state of software spending and where we can see it going in the future: The global video conferencing equipment market was estimated to exceed US$3 billion in 2019. Video conferencing technology has come a long way in recent years. With several major companies from developed markets such as the US and Europe having their offshore production, development, and processing facilities in low-cost Asian destinations such as China, India, Korea, Vietnam among other countries, the demand for web & video conferencing systems in the region continues to rise.Healthcare Segment to Reach $373.2 Million by 2026. Video conferences that provide accessibility for users that understand different languages will be a significant trend in the coming years. 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. 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. 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. 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. No one could have thought how life would change overnight. The growth is attributable to major organizations increasing usage of on-premises video collaboration solutions in response to data security concerns and information security system maintenance. Virtual Meetings. This age of connectivity has brought many conveniences and advantages to Email marketing is dead. (, Zoom recorded 39.34 million downloads in Q1 2021 in the Asia-Pacific region. Google Hangouts offered messaging, voice call, and video call services. (, The remaining 4% of the video conferencing market share was obtained by multiple smaller vendors. India Video Conferencing Market Revenues, 2016-2026F (INR Crore), 2. 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. Eric Yuan initially founded zoom Video Communication (more famously known as just ZOOM) on April 21, 2011. 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. Latest Development (2022) in India Video Conferencing Market. Zoom is most often used by companies with 1-10 employees and 1M-10M dollars in revenue. Quarterly smartphone market share worldwide by vendor 2009-2022 Zoom Meeting refers to a video conferencing meeting hosted using the Zoom application, where Additionally, cloud-based video conferencing is easy to implement, can save on costs, and increases productivity for remote teams. 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. (, In March 2020, video conferencing apps on Android and iOS hit a record of 62 million downloads in a week. Increasing demand for employee training, project consulting services is mainly contributing to market growth. Artificial intelligence (AI) and machine learning in video conferencing is a new technology trend that has risen recently. (, Zoom has 467,100 paying customers that have more than 10 employees. 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), Presenter SpeechRyan MacWilliams Thanks for investors here for joining the Barclays TMT conference. There are 26.9 million software developers worldwide. (, 45% of teams use video calling tools daily or weekly. For comparison, second-place Cisco Webex grew 91% over that same period.. 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? How much growth is expected in India Video Conferencing Market during 2020-2026? (, 74% of employees say that they are less likely to leave a company that offers remote work. Global Web and Video Conferencing SaaS Market to Reach US$7 Billion by the Year 2026. It was in January 2021 only that Zoom again raised $2 billion but through a common stock offering. Email and The market is segmented into two segments based on software: cloud and on-premises. Earlier this week the modern enterprise video communications service, Zoom was named a leader in Gartner's Magic Quadrant for Meeting Why does Teslas Zero Dollar Budget Marketing Strategy work? Below are some of the key. Main Objectives of the National Policy on Software Products, 2019, 23. 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. Although initially, the idea of working or studying or be it any activity which we had to do from home was horrifying. (, Zoom Phone is the second biggest product for Zoom. (, 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. 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. 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. Yes, its true! But we humans are adaptable creatures and try to fit into a different environment or any situation. The global Wishing you a world of investment success! North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For example, in 2019, ezTalks has upgraded its video solutions called ezTalks Rooms which allows meetings of over 9,000 participants. The nine-year-old apps (Zoom) market crossed $140 billion in October 2020, surpassing Exxon Mobile, which was 130 years old. The healthcare segment is projected to foresee substantial growth due to the advancement in telemedicine solutions. 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. The largest and fastest-growing market for Zoom are:-. No matter how great the product was!! For example, IBM Corporation uses video solutions offered by Cisco Systems to provide unified training practices to their employees. (, North America is expected to be the worlds largest market for video conferencing Solution throughout the forecast period. Today video conferencing has been optimized to enhance productivity during meetings. Eric left Cisco in April 2011 along with 40 engineers to start a new company initially named Saasbee, Inc. The emergence of new technologies such as IoT, cloud computing, VR, improved video compression, and AI are likely to drive the video conferencing market. The COVID-19 pandemic has had a profound impact on how people work. India Video Conferencing Market Revenues, By Services, 2016-2026F (INR Crore), 12. The on-premises segment is expected to provide the most revenue. Type above and press Enter to search. Earlier this week themodern enterprise video communications service,Zoom was named a leader in Gartner's Magic Quadrant for Meeting Solutions. By June 2020, the value of the company was $67 billion. (, In 2021, Microsoft Teams obtained 23% of the video conferencing market share. In 2019, AVer has introduced a camera called CAM540 with advanced 4K features, smart frame functions. AI is enhancing audio quality by improving voice recognition and identifying background noise to suppress it. 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. This system employs advanced technology to enable the conference to be streamed in high-definition video and audio. For this study, Million Insights has segmented the global video conferencing market report based on component, deployment, enterprise size, end-use, and region: Component Outlook (Revenue, USD Million, 2016 - 2027) Hardware Camera Microphone & Headphone Others Software Services Professional Service Managed Service, Deployment Outlook (Revenue, USD Million, 2016 - 2027) On-premise Cloud, Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027) Large Enterprises Small & Medium Enterprises (SMEs), End-use Outlook (Revenue, USD Million, 2016 - 2027) Corporate Education Healthcare Government & Defense BFSI Media & Entertainment Others, Regional Outlook (Revenue, USD Billion, 2016 - 2027) North America U.S. Canada Europe U.K. Germany The Asia Pacific China India Japan Latin America Brazil Middle East & Africa (MEA). 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 Zoom Video Communications. For example, Vancouver Biennale provides artwork tours through mobile phones. The first two years, the company just had a small team (mostly engineers from WebEx). This is due to the increasing demand for software applications and the advancement in technology. In the healthcare industry, telepresence robots help in assisting the doctor while treating the patient from a remote location. Which segment based on types is expected to grow at a higher rate during the upcoming years? Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. (, 31% of people have used a mobile phone to access video calls. 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. 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. Video conferencing has evolved to not only talking about a project but to getting projects done. 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. Furthermore, a growing number of international workshops and online seminars are expected to increase the demand for video solutions. In the older days of video conferencing, technology was difficult to use, expensive and unreliable. 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. (, 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. Extensive zoom meetings along with rising feasibility are adding to the development of the market. 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. 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. Additional improvements to video include virtual backgrounds that allow users to blur their backgrounds and focus on the participant. But it grew to 100 million in 2015. In addition, due to benefits such as reduced cost & fast decision making, services like webcasts & telepresence are evolving with the help of advanced technologies. Zoom Video Communications, Inc. has a 12-month low of $68.88 and a 12-month high of $205.22. Why? Shares of ZM opened at $72.16 on Friday. The name was influenced by Thacher Hurds childrens bookZoom City. While critics are skeptical this will be achieved. Software from Microsoft and Google currently dominate the productivity software market. 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. Zoom doesn't just stop at software,Zoom Rooms, the leading software-based conference room solution, features video and audio conferencing, wireless content sharing, and calendaring running on off-the-shelf hardware. Additionally, the increasing adoption of cloud-based solutions like Zoom, and AvayaLive Video are boosting the market growth. The Video Conferencing Market growth at a CAGR of 11.30% & expected USD 41.41 billion by 2029. The Web and Video Conferencing SaaS market in the U.S. is estimated at US$1.4 Billion in the year 2021. 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. 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