Video Conferencing Market Top Key Players – Zoom, Google Meet, Microsoft, Cisco Systems, Verizon, HCL, Reliance Indistries, Icewarp, Kredily, JD, ByteDance

The video conferencing market subscriber base is expected to reach 1.1 billion users by the end of 2025, with APAC having the largest number of subscribers. GoToMeeting, Cisco Webex, Microsoft's team and Zoom are expected to play the largest role in revenue and subscriber base in 2021. Cisco and Zoom grow from GoToMeeting.

Video conferencing is very common in small businesses and corporate sectors. However, the outbreak of fandemique caused closures, which not only increased their presence worldwide, but also expanded the reach of these applications to the education sector. Due to the outbreak of infectious diseases, the unprecedented increase in remote work has benefited significantly in the video conferencing sector.

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GLOBAL VIDEO CONFERENCING MARKET DYNAMICS

• Although unlocked in many countries, "working from home" remains a corporate option and continues to grow in the online video conferencing market as conferencing is an important part of the business.

• Due to school and university closures, video conferencing applications today, with the exception of professional work, are widely used in educational institutions to conduct online lessons.

MARKET SEGMENTATION

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

By Enterprise size
• Small and Medium
• Large

By Geography
• North America
• Europe
• APAC
• ROW

LATEST TRENDs IN THE MARKET

• Reliance Jio is expected to launch new video conferencing application JioMeet.

• Icewarp US based software company has extended its services to video conferencing solutions.

• Verizon has completed the acquisition of teleconferencing application BlueJeans Netrwork

• Bangalore based firm Kredily has launched a new platform for conferencing called ‘Greet’.

• Norway based Pexip has witness a 50% increase in the annual recurring revenue during the first quarter of 2020.

• Kenyan start-up Usiku Games has developed Africa’s first ever video conferencing platform called Gumzo.

• Tencent has launched its video conferencing app VooV in India region.

COMPETITIVE LANDSCAPE

• Major platforms in the US include Google Meet, Zoom, Microsoft Teams, Cisco's Webex, Katura, BlueJeans, Icewarp, and more. Video conferencing platforms based in China are ByteDance's Tencent Meeting, Dingtalk, and FeishuMeeting. Companies based in India looking to use video conferencing tools abroad include Aria Telecom, Zoho, Cyber Horizon Corp, Darsh Instrive Softlabs, PeopleLink Unified Communications, and Data Ingenious.

• In Q4 2020, Zoom's APAC and EMEA combined revenue increased 84% year-over-year, accounting for approximately 20% of revenue. Revenue from the Americas increased 77% year-over-year, accounting for approximately 80% of revenue. In June 2020, the company was much 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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