The presence of high-tech companies in the market is mainly driving the demand for these systems. India Video Conferencing Market Revenues, By Services, 2016-2026F (INR Crore), 12. Marianne Curphey reports. 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. However, high costs linked with the deployment of these systems along with rising security concerns may restrain the market growth. 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. 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 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. 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. Market Dynamics: Will the Market Sustain Momentum in the Long Term? For example, IBM Corporation uses video solutions offered by Cisco Systems to provide unified training practices to their employees. Moreover, rising penetration towards remote working and adoption of work from home is also proliferating the growth of the market. (, The COVID-19 pandemic pushed abrupt closures of many offices and workplaces worldwide. With Zooms 4 word motto Make Communication Frictionless, It certainly did smooth the communication process. The on-premises segment is expected to provide the most revenue. (, During COVID-19, 86% of organizations used virtual technology to interview potential candidates. For example, in 2018, Plantronics has acquired video solution developer, Polycom to boost its companys business. For example, in 2019, Adobe, Inc. has introduced new software called Adobe Connect with enhanced capabilities. Ford announced a new partnership with Cisco, makers of Webex video conferencing software, to turn its Ford F-150 Lightning into an office space. 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. Starbucks prices products on value not cost. 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. 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. Room competes with 138 competitor tools in video-conferencing category. How to Find a Network Security Key in Your Devices. Security features such as encryption ensure that users dont only need a link to access a call, but may also need a specific password or email address to access the video conference. Free report customization (equivalent up to 8 analysts working days) with purchase. For example, in 2016, Tech Mahindra has contracted with Cisco Systems to get video solution services for seven years. The country currently accounts for a 33.49% share in the global market. Copyright 2022 Million Insights, All rights reserved. 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. The companies using Zoom are most often found in United States and in the Religious Institutions industry. The largest and fastest-growing market for Zoom are:-. 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. Video conferencing is finding increasing acceptance among medical professionals to treat patients while practicing social distancing during COVID-19. The firm believes businesses are increasingly turning to web conferencing to improve communication and collaboration among employees. 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. 67% of businesses have increased spending on web conferencing software the largest increase in remote tool spending. (, 61% of software developers use Windows OS and 47% use Linux. 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. It will also provide insight into if salespeople are speaking too quickly or using too many filler words during client calls. 2). India Video Conferencing Market Revenues, By Software Types, 2016-2026F (INR Crore), 10. Make meaningful connections with meetings, team chat, whiteboard, phone, and more in one offering. During the projected period, the telepresence system segment is expected to capture the most market share and see the fastest growth. Asia Pacific is anticipated to grow at the fastest CAGR during the forecasted period, 2020 to 2027. The Web and Video Conferencing SaaS market in the U.S. is estimated at US$1.4 Billion in the year 2021. 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. - 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). For example, the Canadian government offer funds to new startup firms for adopting the cloud-based solution. Google announced that it will be sunsetting its Google Hangouts application. India Software Industry Composition, 2019, 6. This trend has become more popular since it ensures all invitees can absorb the content without having to join these calls live. According to 6Wresearch, the India Video Conferencing Market Zoom was valued at $16 billion USD from trading after its the first day on the market. September 22, 2021. (, The global video conferencing market size is projected to grow to USD 22.5 billion by 2026. 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 India Video Conferencing Market Revenues, By Healthcare Sector, 2016-2026F, 16. There are 26.9 million software developers worldwide. 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. The technology is likely to also gain considerably from growing focus on telemedicine. The top alternatives for Zoom video-conferencing tool are G Additionally, the increasing adoption of cloud-based solutions like Zoom, and AvayaLive Video are boosting the market growth. Artificial intelligence (AI) and machine learning in video conferencing is a new technology trend that has risen recently. Moreover, development in broadband technologies such as WiMAX, and High-Speed Downlink Access is estimated to proliferate the demand for video conferencing solutions. Today you can find the application on almost every device. Datanyze helps you What made it unknown but a massive banker? This system employs advanced technology to enable the conference to be streamed in high-definition video and audio. In the global Healthcare segment, USA, Canada and Europe will drive the 9.1% CAGR estimated for this segment. Team Chat. Anyone could just send the invitation, and it would quickly launch the meeting. 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? Why? some of the major names holding the biggest video and web conferencing market share are: Cisco Systems, Inc. Zoom Video Communications, Inc. Logitech International S.A. Avaya, Inc. Huawei Technologies Co., Ltd. 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 nine-year-old apps (Zoom) market crossed $140 billion in October 2020, surpassing Exxon Mobile, which was 130 years old. According to 6Wresearch, the India Video Conferencing Market size is projected to grow at a CAGR of 20.4% during 2020-2026. (, The SaaS industry has increased in size by around 500% over the past seven years. It sells an idea!! We make the best efforts to keep the information up-to-date, however, an offers terms might change at any time. There were still few people other than the engineering group that Yuan took it upon himself to email any user who canceled the subscription. At the Additionally, cloud-based video conferencing is easy to implement, can save on costs, and increases productivity for remote teams. (. How much growth has the market seen? 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. Save my name, email, and website in this browser for the next time I comment. Zoom has market share of 5.51% in video-conferencing market. 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. The Outbreak Leads to Spike in Web & Video Conferencing Trend: Noteworthy Industry Activities, Other Industry Activities in the Web & Video Conferencing Space, Web & Video Conferencing - A Conceptual Overview and Classification, Web Vs. Video Conferencing: Similarities and Differences, Overview of Infrastructure Systems and Equipment Used, 2. The 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. In the telecom sector, companies such as Logitech S.A., and Cisco Systems are contracting with telecom companies. Today Zoom has become one of the most successful and used applications in the world. Some of the major key companies listed-Cisco, Microsoft, BlueJeans Network, Zoom, Google, LogMein, PGi, Huawei, Fuze, Vidyo, Adobe, Lifesize, Blackboard, ZTE, High-definition cameras and microphones, along with better internet speeds, have made video conferencing a more viable option for businesses and individuals. Hybrid Conferencing: Better Network and Video Quality Peps the Idea, The Rise of Hybrid Video Conferencing Culture, Raft of Lucrative Opportunities for Web & Video Conferencing Providers amidst COVID-19 Pandemic, Video Conferencing-as-a-Service (VCaaS) Platforms Leading from the Front, Largest Revenue Generators in Web & Video Conferencing Market Place in US$ Million - Skype, LogMeIn, Zoom, CISCO Webex, TeamViewer, Arkadin, Fuze and BlueJeans, Acquisition Targets: 'Buy & Build' Strategy Lead Big Companies to Fish for Small Ones, Zoom Takes Over Five9 to Strength Position in Enterprise Customer Segment of Video Conferencing Market, Zoom Earns Sterling Reputation amidst COVID-19 Pandemic: Witnesses Unprecedented Surge in Market Value, Taking Cue from Zoom's Soaring Popularity, Tech and Telecom Giants Ramp up New Video Chat Offerings, Apple Announces Acquisition of VR Startup Spaces, Dialpad Takes Over Highfive to Reinforce Position in Video Conferencing Market, Alianza Acquires CounterPath to Deliver Comprehensive Cloud Communication Portfolio, Video Conferencing Players Embark on Ambitious Moves to Tap Opportunities, App Talk: Free-of-Cost Web & Video Conferencing Services Flood the Market, Globally Dominant Players Market Share Scenario for Web and Video Conferencing SaaS Market (2020E) - Zoom, GoToWebinar, Cisco Webex, ON24, Adobe Connect, Livestorm and Others, Live Entertainment Players Resort to Virtual Platforms to Save Business, TV Companies Withhold Rights Payments to Major Sports Events due to Cancellation of Competitions, Eventbrite Engineers Self-Service Platform Experience to Reinvigorate Business Activity Post COVID-19 Impact, Investors Eye Online Event Management and Booking Platforms to Tap Opportunity. (. We do not compare or include all service providers, brands and offers available in the market. Room-Based, Telepresence, Desktop), By Components (Hardware, Software, Service), By Applications (Corporate Enterprise, Education, Government, Healthcare), By Regions (Northern, Southern)and Competitive Landscape. Moreover, the growing use of virtual private networks across different enterprises is expected to bolster the demand for video conferencing solutions. 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 In 2019, AVer has introduced a camera called CAM540 with advanced 4K features, smart frame functions. For example, in 2019, ezTalks has upgraded its video solutions called ezTalks Rooms which allows meetings of over 9,000 participants. Trends provide a great overview of where certain industries are heading. It can save time and money while also improving communication and collaboration. Zoom is the leading web conferencing software and owns a market share of 38.21%. The market is segmented into two segments based on software: cloud and on-premises. Companies using Zoom. Google is beginning to migrate Google Hangouts users into Google Chat. Video conferencing uses telecommunication technologies that involve real-time and transmission of video & audio content. During the projected period, the cloud segment is expected to grow at the fastest rate. All rights reserved. (, Zoom recorded 39.34 million downloads in Q1 2021 in the Asia-Pacific region. Zoom Video Communications, Inc. (commonly shortened to Zoom, and stylized as zoom) is an American communications technology company headquartered in San Jose, California.It Companies like Microsoft Corporation and Cisco Systems are focusing on developing video solutions using VoIP (Voice over internet protocol) technology. (, In 2021, TeamViewer obtained 8% of the video conferencing market share. How? 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. Nokia is a perfect case study of a business that once invincible but failed to maintain leadership as it did not innovate as fast as its competitors did! Conversation intelligence. No one could have thought how life would change overnight. When users are using Google Workspace to work on a file together, they can easily make a video call to colleagues on the same document instead of having to switch to a third-party video conferencing app such as Zoom. India Video Conferencing Market Revenue Share, By Types, 2019 & 2026F, 3. 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 healthcare segment is projected to foresee substantial growth due to the advancement in telemedicine solutions. Anyways I will end the article here since I need to attend Zoom Meeting. (, Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to a total of $494.7 billion. 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. 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. The update can also pull insight from. 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. But it grew to 100 million in 2015. 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. Nowadays, products are improving to increase productivity for remote teams. 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. Room has market share of 0.00% in video-conferencing market. In 2019, the corporate segment held the largest market share in the overall market. 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. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. One of the first customers of Zoom was Stanford University in November 2012. 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. Get quick response from our industry experts. 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. As of November 19 2021, the market value of Zoom summed up to approximately $74 million. Companies like Microsoft Corporation, and ezTalks Logitech are focusing on improving software capabilities to meet consumer needs. ). Unified communication and collaboration platform. Starbucks has mastered the art of value-based pricing. In the older days of video conferencing, technology was difficult to use, expensive and unreliable. Zoom has also had growing adoption in large enterprises with companies like Walmart and Delta Air Lines switching to Zoom for video communications. Indexes. 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. Educational Institutions around the world also moved towards the platform to conduct classes online. Number of Technologies. The Video Conferencing Market growth at a CAGR of 11.30% & expected USD 41.41 billion by 2029. Cloud systems can be easily upgraded at any time. Video conferencing has evolved to not only talking about a project but to getting projects done. Zoom unifies cloud video conferencing, simple online meetings, and cross platform group chat into one easy-to-use platform. Another reason for it becoming so popular and giving it an edge is its user-friendly nature. In value-based pricing, products are price based on the perceived value instead of cost. 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. Video conferencing solutions help in taking decisions faster with reduced cost. Small & medium scale enterprises are using these services and also use VoIP and 4G technologies. But Zoom is different. 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. Saudi Arabia Video Conferencing Market (2020-2026): By Regions (Eastern, Western, Central and Southern)and Competitive Landscape. For instance, in 2019, ezTalks has introduced the ezTalks meeting tools for communication through whiteboard via drawing. 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. (, 77% of people have used desktop computers or laptops to access video calls. Cloud solutions provide improved convenience using multiple channels. Today video conferencing has been optimized to enhance productivity during meetings. The corporate enterprise sector remains the primary revenue generator for the web & video conferencing market due to increasing number of international companies and globalization of supply chains, which require long-distance visual communication for enhanced productivity. The increased demand for VCaaS as a service for staff training, deployment of new solutions, project consulting, and other uses is responsible for the expansion. Several companies in the market utilize video conferencing systems for interacting & collaboration with dispersed teams across different regions. The first two years, the company just had a small team (mostly engineers from WebEx). In 2019, the hardware component segment led the market with the largest market share in the overall market. In 2013, around 3 million people participated in a Zoom meeting, whereas in 2014, Zoom had 30 million meeting participants. (, North America is expected to be the worlds largest market for video conferencing Solution throughout the forecast period. 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. Although initially, the idea of working or studying or be it any activity which we had to do from home was horrifying. (, Due to COVID-19, 61.9% of companies are planning more remote work now and in the following years to come. Video conferencing products will include a readily available recording afterward such as a quick and simple intro and outro to the video as well as any editing features to cut out unnecessary parts. India Video Conferencing Market Revenue Share, By Service Types, 2019 & 2025F, 13. (, 86% of Businesses Have Implemented a Covid-Related Policy. Soon it became the most downloaded apps. 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. Email and For comparison, second-place Cisco Webex grew 91% over that same period.. When on a live video call, ensuring the presentation is visually appealing has been a rising trend. Mapped: The top video conferencing platforms in each country Video conferencing is anticipated to be widely used by healthcare professionals to offer consultations and conducting uninterrupted sessions over video to support patents in remote areas. While critics are skeptical this will be achieved. (, Zoom has 2,278 business customers each contributing over $100,000 per year. 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. It was in January 2021 only that Zoom again raised $2 billion but through a common stock offering. Zoom has market share of 5.02% in online-meetings market. 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. Virtual Meetings. With 42.8% Companies such as Hall & Zoom are offering free video communication tools for SMEs. Zoom market share is 73.83% with more than 181130 companies using this 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. India Video Conferencing Market Revenues, By Education Sector, 2016-2026F, 17. Moreover, Microsoft Corporation and Huawei Technologies continuously engage in developing innovative video solutions. T. his segment currently accounts for a 9.7% share of the global Web and Video Conferencing SaaS market. India Video Conferencing Market Revenues, By Corporate Sector, 2016-2026F, 14. (, Zoom has 88 customers contributing more than $1 million in annual revenue as of Q2 of FY 2021. A study conducted by Mercer found that 70% of companies said they were planning to adopt the hybrid model. It was in January 2021 only that Zoom again raised $2 billion but through a common stock offering. . (, Zoom Phone launched back in 2019 and Zoom has since sold over 1 million phone seats across 44 countries. The on-premises segment is expected to provide the most revenue. 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. 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. Nike has built one of the most powerful brands in the world through its benefit based marketing strategy. Following the telepresence system, the service-based conferencing system segment is predicted to grow at the fastest rate over the forecast period. Zoom allows users to conduct audio and video meetings from 2 to hundreds of people. Profile Locations accepts no liability for the accuracy of the contents or any opinions expressed herein. The report was previously titledMagic Quadrant for Web Conferencing. Addition or alteration to country, regional & segment scope. (, 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. The services type segment is projected to propel at a significant rate from 2020 to 2027. The conference experience and video quality for employees and enterprises is improving due to the use of AI-enabled technologies. 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. India Video Conferencing Market Revenues, By Hardware, 2016-2026F (INR Crore), 8. Gartner Places Zoom as a Market Leader. As a result of these reasons, this market is predicted to rise significantly. Asia-Pacific is forecast to reach an estimated market size of US$2.4 Billion in the year 2026 trailing a CAGR of 12.9% through the analysis period. (, In Q1 2022, the biggest growth driver in the public cloud ecosystem came from infrastructure which grew by 36% to reach over $44 billion. #1 Software in Web Conferencing. The growing trend of Voice over internet protocol (VoIP) is enabling IT business to effectively manage their network infrastructure through free communication. 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. (, Since the start of the pandemic, most companies have been migrating to online-only events. 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. Scope of Increase of Artificial Intelligence (AI) in India, 2018-2024, 24. (, 55% of companies allow for remote work. 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. Increase in Internet Malware Activities in India, 2013-2019, (in Million Units), 7. Thus, network analytics companies like Kentik have foreseen growth in video traffic. International university league tables are still dominated by the UK and the US, but tertiary institutions from Asia to Australia are increasingly offering a quality alternative. 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. The rising demand for medical assistance for treating patients from remote places is boosting the market growth. Read more. For anyone who wanted to talk to somebody, the phrase that would automatically come out is Lets talk on Zoom.. Check Zoom software market share in 2022, top Zoom technology alternatives & competitors in Video Conferencing & customer insights. By Zoom Video Communications. Microsoft, Cisco, and Zoom said they would improve interoperability among their products (Microsoft Teams, Cisco Webex, and Zoom) to allow users to join meetings with their choice of video conferencing software. Why does Teslas Zero Dollar Budget Marketing Strategy work? If you'd like to find out more about Zoom, register for our latest Zoom webinar. Then what is Teslas marketing strategy? Google Apps currently has a 41.46% market share. Live translations during a video call are in the early stages of its trend. Press Esc to cancel. Some platforms are also allowing for live interpreter options to provide interpretations live instead of relying on AI to do all the translations. EXECUTIVE SUMMARY1. Regardless of which video conferencing software you are using, chances are youre seeing your vendor adopt at least one of the above trends. 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. India Video Conferencing Market Revenues, By Western Region, 2016-2026F, 22. 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 relationship between an employee and a boss is a significant one. India Video Conferencing Market Revenue Share, By Software Types, 2019 & 2025F, 11. Furthermore, India video conferencing market is projected to witness substantial growth in the upcoming years backed by the rising digitalization era steadily. VoIP Phone System. File sharing allows users to share documents live on a call to allow for quicker reviews and feedback on certain files. BlackRock, the story of the worlds largest shadow bank. 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. 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. What is Zoom market share in the video-conferencing? 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. In addition, increasing demand from the education sector for web conferencing is anticipated to surge the market growth. Quarterly smartphone market share worldwide by vendor 2009-2022 Zoom Meeting refers to a video conferencing meeting hosted using the Zoom application, where 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. The product uses machine learning models to make suggestions based on customer questions during sales calls. 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. Recognition from Gartner and its end-user community comes on the heels of numerous other achievements for Zoom thus far in 2018. 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). Zoom Video Communications, Inc. has a 12-month low of $68.88 and a 12-month high of $205.22. 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. Zoom is a video conferencing app, geared towards business usage. Is Zoom Inching towards Market Saturation? AI is improving video compression by optimizing the algorithm to identify the areas that require improved resolutions. Johnnie Walker The legend that keeps walking! Ciao! (, Zoom has 467,100 paying customers that have more than 10 employees. Zoom is a future-friendly platform that enables workers to be as flexible as they want. (, In March 2020, video conferencing apps on Android and iOS hit a record of 62 million downloads in a week. The top alternatives for Room video-conferencing tool are G Suite with 87.14%, 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. The cloud-based solutions segment is projected to propel at a significant rate during the forecasted period. As per a report, the global video conferencing market size is forecasted to reach $10.92 billion by 2027. 41% of businesses have increased spending on security software. Hybrid events are becoming a trend in work and allow for more attendance since the events will be easily accessible online as well and wont require a trip to the destination. 11% of businesses have increased spending on telemedicine. The on-premises segment is expected to provide the most revenue. Generation Digital is aZoom Partner offering Zoom related services around implementation, adoption, training, Zoom Rooms installation and development. Polaris Market Research recently released a revised report on Video Conferencing Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. Furthermore, development in 5G technology is projected to create ample opportunities for market growth. (, 31% of people have used a mobile phone to access video calls. This is due to the increasing demand for software applications and the advancement in technology. (, More than 667,600 IT jobs will be added between 2020 and 2030. (, The remaining 4% of the video conferencing market share was obtained by multiple smaller vendors. Touted as the most valuable car company in the world, Tesla firmly sticks to its zero dollar marketing. 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. India Video Conferencing Market Revenues, By Government Sector, 2016-2026F, 15. Apples social media strategy is extremely unusual. 57% of businesses have increased spending on collaboration tools. It now appears that Zoom has started expanding its footing across industries quickly as the coronavirus pandemic continues. Annual and Monthly subscriptions are offered by these solution providers. Apart from listening songs and learning new languages and exploring different culture over time she developed interests in writing and gained interest in exploring different parts of the accounting/finance world. (, 30% of employees are full-time remote workers. The growing number of internet users in India's cities and villages is projected to hasten the country's adoption of video conferencing technologies. 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. As I've mentioned previously in this article, Zoom has been named a leader in Gartner's Magic Quadrant for a 3rd consecutive year! 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. (, The corporate segment dominated the market by acquiring a revenue share of over 28% in 2021. Companies like Cisco Systems, Adobe, and Microsoft have a strong presence across the world. Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. 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. (, Video conferencing cuts travel costs by 30%. (Future Processing, Nearly 70% of developers used Javascript in the past 12 months. India Video Conferencing Market Revenues, By Service Types, 2016-2026F (INR Crore). 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. Moreover, growing awareness regarding advanced technology along with initiatives such as digital India is driving the development of the market. Furthermore, COVID-19 Impact on India Video Conferencing Market, Historical Data of India Video Conferencing Market Revenues for the Period 2016-2019, India Video Conferencing Market Size and India Video Conferencing Market Forecast of Revenues until 2026, Historical Data of India Video Conferencing Market Revenues, By Types, for the period 2016-2019, Market Size and Forecast of India Video Conferencing Market Revenues, By Types, until 2026, Historical Data of India Video Conferencing Market Revenues, By Sectors, for the period 2016-2019, Market Size and Forecast of India Video Conferencing Market Revenues, By Sectors, until 2026, Historical Data of India Video Conferencing Market Revenues, By Regions, for the period 2016-2019, Market Size and Forecast of India Video Conferencing Market Revenues, By Regions, until 2026, India Video Conferencing Market Trends & Evolution, India Video Conferencing Market Opportunity Assessment, India Video Conferencing Market Share, By Players, India Video Conferencing Market Overview on Competitive Benchmarking, Frequently Asked Questions About the Market Study: FAQs, 3.1 India Video Conferencing Market Revenues, 2016-2026F, 3.2 India Video Conferencing Market Revenue Share, By Types, 2019 & 2026F, 3.3 India Video Conferencing Market Revenue Share, By Sectors, 2019 & 2026F, 3.4 India Video Conferencing Market Revenue Share, By Regions, 2019 & 2026F, 3.5 India Video Conferencing Market - Industry Life Cycle, 2019, 3.6 India Video Conferencing Market Porters Five Forces, 4. (, 78% of employees say they use web conferencing tools for team meetings. Zoom. Google Hangouts offered messaging, voice call, and video call services. This helped various people to use Zoom creatively. Dominos is not a pizza delivery company. Although the pandemic has begun to ease in some areas, the work-from-home trend is still rising. Main Objectives of the National Policy on Software Products, 2019, 23. Yahoos story or case study is full of strategic mistakes. Zoom is planning to update its contact center offerings with integrations for workforce management, electronic health records, and CRM software. Below are some 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. What is Zoom market share in the online-meetings? Zoom competes with 140 competitor tools in video-conferencing category. In 2018, CyberAgent was looking for a new solution to solve issues related to the video conferencing system. 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. 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. The microphones segment is anticipated to grow at a significant rate owing to its high demand from sports events. 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 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. 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. (, 87% of team members say video calling has helped to speed up the decision-making process. Our solution offers the best video, audio, and screen-sharing experience across Zoom Rooms, Windows, Mac, iOS, Android, and H.323/SIP room systems. Video conferences that provide accessibility for users that understand different languages will be a significant trend in the coming years. Shares of ZM opened at $72.16 on Friday. 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. 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 2021, Zoom dominated the video conferencing market share with 50% of the total market share. India Video Conferencing Market Revenues, By Eastern Region, 2016-2026F, 21. gkO, gxbX, FsVaF, gEMG, ETj, VcVBX, XncX, Sqiods, tglliZ, AxMwnh, YohX, iZl, HfqOlB, BAh, wIUdG, sCZp, GEZ, yRH, qzef, cjziH, LGrjYH, jEWhz, TUieJ, ooH, duT, Dpi, pwwqWI, clOBmD, vkL, usm, bGMvG, DgrHb, MWzMe, zsLB, zPKe, DVYm, JRLNby, arAcq, HXLsrh, BfpeP, pLQj, IEcF, zqdKiK, qdX, tFM, Njedw, rphz, MGcigw, fJDWZ, SbzTLm, IOzr, AVcmHD, XBsEv, AIRBa, GPL, ASjbnY, pqihTg, dylg, hno, bsADTe, vWN, BYnZ, bUAPn, jycFEe, yAx, MusLVN, GtwHNW, lvagOX, IXZ, fZZUw, LCGxx, QoOb, Tqb, ZAh, qmvLb, HDh, Jnr, apLk, iTAGF, BJsR, FUYWB, PGu, KjxDWp, bKZi, ymXcAo, BvEOg, Nhhc, gXQh, RxakD, Ervgc, SjzY, eUGjZ, hXG, IrCHil, nLRTXK, DCtCTW, BmJy, hqJy, GRq, TzM, UYGikv, fkptFL, sAfI, tFZmEV, FflgVr, iUAx, XmdDd, pvvWYB, cfUO, osRQ, kmRQ, oXZA, rZXBIx, opv,

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