Video Conferencing Market subscriber base is expected to reach 1.1 Billion users by the end 2025 | Top Key Players – Zoom, Google Meet, Microsoft, Cisco Systems, Verizon, HCL, Reliance Indistries, Icewarp, Kredily

The Video conferencing market subscriber base is expected to reach 1.1 Billion users by the end 2025 and APAC will account for the maximum number of subscribers. In terms of revenue, the Market is forecast to grow by 125% in 2020-2021 and 22% in 2022-2025.

Education segment is forecast to become a $3.5 Billion market by 2025 in terms of revenue and reach 295 Million in terms of subscribers. GoTo Meeting, Cisco Webex, Microsoft teams and Zoom are forecasted to remain the biggest players in terms of revenue as well as subscriber base in 2021. Cisco and Zoom will grow more than GoTo Meeting. Zoom is forecast to be the fastest growing company with 252% revenue growth by 2021, Cisco is also forecast to grow by more than 200% by 2021 due to the impact of COVID-19.

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MARKET SIZE AND FORECAST

Asus computer and phone hardware company, is making efforts to promote the video conferencing in the current conditions by launching the “Google Meet hardware kit” in partnership with Google. The kit comprised of a 4k camera, speaker with built-in microphone and an Asus laptop. The product is targeted towards corporate customers.

To take the video conferencing out of a room and to be made available on the move, Tesla’s CEO Elon Musk has announced the video conferencing feature will be feature in the upcoming vehicles.

Video conferencing market Trends

Reliance Jio is expected to launch new video conferencing application JioMeet. Norway based Pexip has witness a 50% increase in the annual recurring revenue during the first quarter of 2020. HCL’s Zoho and Hyderabad based PeopleLink are among the 10 selected by the government to develop a made-in-India video conferencing solution.

Zoom has witnessed a huge spike in daily meetings participants compared to last December, from 10 million participants to 300 million participants in April 2020 about 30 times increase in number.Dingtalk a Alibaba’s subsidiary announced the platform is used by almost 120 million students and 10 million business across China.

MARKET SEGMENTATION

By Application
• Work Meeting
• Education
• Government
• Healthcare
• Others

By Enterprise size
• Small and Medium
• Large

By Geography
• North America
• Europe
• APAC
• ROW

COMPETITIVE LANDSCAPE

Some of the leading platforms from US are Google’s Meet, Zoom, Microsoft Teams, Cisco’s Webex, Katura, BlueJeans and Icewarp. The Chinese based video conferencing platforms are Tencent Meeting, Dingtalk and Feishu Meeting from ByteDance. Some of the Indian based companies trying to take on foreign video conference tools are Aria Telecom, Zoho, CyberHorizon Corp, Darsh Instrive Softlabs, PeopleLink Unified Communications and Data Ingenious.

Cisco was the second biggest company after GoTo meeting in 2020 in terms of revenue and it was the biggest company in terms of subscriber base.In April 2020, Cisco Webex Hosted 20 Billion Meeting Minutes.

In Q4-2020,Zoom`s combined APAC and EMEA revenue grew 84% year-over-year and represented approximately 20% of revenue. Revenue from the Americas was up 77% year-over-year and represented approximately 80% of revenue. In June 2020, the company became even more valuable than Ebay.

COMPANY PROFILE

Zoom
Google Meet
Microsoft
Cisco Systems
Verizon
HCL
Reliance Indistries
Icewarp
Kredily
JD
ByteDance
Alibaba Group
Tencent
Kaltura
WebinarJam

Read More Information: https://mobilityforesights.com/product/video-conferencing-market/

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