Company employees that live in different countries or geographic locations can still efficiently work from home and at the same time deliver the desired results to the companies. The country currently accounts for a 33.49% share in the global market. Zoom Video Communications, Inc. Video Conferencing Market Report Scope Segments Covered in the Report This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. Download Slintels Chrome Extension to get verified contact data of Zoom employees. Which region is expected to hold the highest market share? companies). The growth in revenue is lesser as compared to the subscriber base in 2022-2025 because . It has generated huge profits for the global video conferencing market share. Companies had to adapt to the work from home method to keep going is the key factor expected to drive the market during the forecast period. United States with Zoom has market share of Video Conferencing Market was valued at USD 4.58 Billion in 2021, and it is expected to reach USD 9.06 Billion by 2029, exhibiting a CAGR of 8.9% during the forecast period (2022-2029) Videotelephony is the two-way or multipoint receiving and transmission of audio and video signals by persons in various places for real-time communication. The top alternatives for Cisco WebEx video-conferencing tool are G Suite with 87.14%, Zoom with 5.45%, Skype with 1.45% market share. Zoom makes it easy to start or join a secure video call with crystal-clear HD video and audio, and powerful collaboration features like screen sharing and annotation. Shares of ZM opened at $72.16 on Friday. (1952). 140 competitor Zoom competes with 140 competitor tools in video-conferencing category. According to the Wall Street Journal in April 2020, Zoom Video Communication, Inc. is expanding its cloud computing vendors to address the proliferating demand for remote conferencing amid the COVID-19 pandemic. Get the list of top 5 common technologies used by Zoom and its competitors. fall in the company size of The rapid adoption of video conferencing solutions . video-conferencing category Although Zoom has done a great job diversifying its product base with Zoom Contact . When Zoom went public, it was already operating at a profit, unlike other tech . Fun fact: Although people in 41 countries prefer Teams, Zoom wins the battle, being the favorite video conferencing solution in 44 nations. In an attempt to generate revenue, market players such as Cisco Systems, Inc. and Microsoft Corporation are on the for-side of developing the video conferencing systems that automatically route the call over the VoIP network. Organizations may face safety issues for their products and private data and this may cost them a hefty amount of loss. LATEST TRENDS Request a Free sample to learn more about this report. customers respectively. Know their technology stack, contract renewal date, top decision-makers, hiring trends, and top company news in one place. The businesses sustained as the communication was not hindered owing to the feasibility of video conferencing. The global video conferencing market size is segmented based on component, type, deployment, application, and region. This was in an effort to control the spread of the virus. Video conferencing is the method of communication that takes help of different kinds of telecommunication technologies with the real-time, two-way transmission of video & audio among people. To grow the reach, especially with remote customers and workers, video conferencing has been proved to be a boon. Zoom has market share of Avaya. 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. Research expert covering the IT security & services market. meeting category The partnership improves user experience for the Unified Communications and Collaboration Suite and customer reach for Zoom. here. companies), 20 - 49 employees (40332 Around the world in 2022, over 112766 companies have It projects a CAGR of 16.45% by the end of 2030. In April 2019, Zoom went public at a share price of $36, valuing the company at $9.2 Billion. The third biggest platform by market share is Cisco Webex at 12.31%. The growing integration of technologies, such as Artificial Intelligence (AI), machine learning & the Internet of Things (IoT), in video conferencing products & solutions is propelling the industry growth. The majority of Zooms customers for the (3687), Marketing From the beginning of February 2021, there was seen a 20% increase in the usage of the video conferencing application, GoToMeeting worldwide. The boom in Zoom Video Communication's share price has turned its founder and chief executive Eric Yuan into one of the world's richest people. The video conferencing software company's revenue rose 21% year-over-year to $1.07 billion, beating . Report Scope of the Video Conferencing Market. North America Market Share in 2021: 40%: On-premise Segment Market Share in 2021: 60%: Base Year: 2021: Forecast Period: . The number of companies that have stopped using Zoom in the past month. with Zoom Video Communications, Inc. has a 12-month low of $68.88 and a 12-month high of $205.22. Other top countries using Zoom are This has also resulted in data privacy and safety issues that have seen a surge with the rising demand for these tools. Zoom Meetings syncs with your calendar system and delivers streamlined enterprise-grade video conferencing from desktop, . The three top industries that use Zoom for At my previous organization we used Zoominfo and LInkedIn Navigator for contact, Bombora for intent and DiscoverOrg for account info. Due to the high demand for video conferencing tools in the market, it has also seen the fastest provision of products. You can view a Due to the pandemic when the companies were mandated to let the employees work from home corporate sector became the biggest consuming sector in terms of application. 108245 customers. United States. Examples of how to make moot the discussion of how secure is Zoom video conferencing include the following: allowing only registered Zoom users to attend a meeting; requiring the host to manually admit attendees into a meeting room; requiring that attendees enter a unique password prior to gaining access to the meeting room virtual lobby; Regional Growth Insights Request Sample Pages. This quality is supposed to help America lead this market in the upcoming years. Even though the global video conferencing market share has seen a surge in demand it has also seen astonishing negative effects due to data privacy and safety issues. See our privacy policy for more information regarding Slintels Zoom Video Communications Plans & Pricing | Zoom Plans & Pricing Personal Business View plans for: Products Industry Billed Annually Save 17% Billed Monthly Zoom One Meetings, Team Chat, Phone & More Zoom Phone Zoom Events & Webinars Zoom Rooms Zoom Contact Center Zoom Whiteboard New US Dollars $ Call from United States Basic Free Meetings As of April 2019, Zoom had about 58,500 customers with more than 10 employees, up from 31,500 in April 2018, according to its most recent quarterly report. The market . United Kingdom and When Eric Yuan, Zoom's CEO, decided to go after the video conferencing market in 2011, the market was already flooded with incumbents like Microsoft-owned Skype, . Who are the active players in the market? Thus, ensuring businesses a productive outcome. By component, the market segment is divided into hardware, solutions, and services. (Zoom) Video Conferencing Market Statistics 17. According to UC Today, conferencing solutions has assisted organizations to save travel expenditures by roughly 30%, and 92% of B2B marketers employ such solutions in their core activities in the face of the COVID-19 pandemic. CHICAGO, Dec. 2, 2022 /PRNewswire/ -- 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. Zoom competes with 0 - 9 employees (53542 Zoom is a video conferencing app, geared towards business usage. The number of companies that currently use Zoom. compliance with the CCPA. United States with TIndicates the percentage of market accounted for by this technology in the Meeting category. A qualitative research study comes with 115+ market data Tables, Pie Charts, Graphs & Figures spread through pages and easy . Close deals faster by understanding your clients well. Web Conferencing Web Conferencing Software Market Share Number of Technologies 98 The global market size of the Web Conferencing industry is 76,414 companies, and there are 59 companies producing Web Conferencing technologies. The number of companies that have stopped using Zoom in the past month. Top industries that use Zoom for customers respectively. Around the world in 2022, over 112766 companies have 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 rested. 5.51% in The development of 5G technology that uses Voice over Internet Protocol (VoIP) proves to be an upcoming technology and creates a trend shift in the market. Privacy Act (CCPA), please email [emailprotected]. But it did experience a fall of more than 15% when the news broke in November 2020 about the vaccine's efficiency. meeting category Analysts expect Zoom to rebound by 65%. Zoom customers are from the In . Video conferencing is still in use and has kept the business continuity by bringing the world closer. All of them are trying to capture the global video-conferencing market size that was valued at US$3.85 billion in 2019, according to Grand View Research and is expected to grow at 10 per cent. In 2021, it generated a revenue of USD 13,047 million alone. here. Get more information on this report Download Sample Report. Zoom became the most well-known video-conferencing app during the COVID-19 after gaining about 635 % in 2020. By accepting this, Datanyze helps you reach more than 14,704 contacts that are using Web Conferencing , including Walmart Amazon.com Shell, Zoom has the top spot for best Web Conferencing by market share. 6.2 Video Conferencing Market -Revenue and Forecast to 2027 (US$ Million) 7. 8794(5.20%) Zoom vs TeamViewer Google, Microsoft, Cisco Systems, Blue Jeans, Adobe, and Zoom 145 are the top players in the market. It projected a CAGR of 14.53% and may have a consistent growth as the companies have started adopting remote working. United States. In the second quarter of 2021, Zoom's valuation even exceeded $100 billion. of Zoom and 40,000 other technologies on the internet.You are Education Zoom for Report Coverage: Details: Market Size by 2030: USD 18.56 Billion: Growth Rate from 2022 to 2030: CAGR of 11.71%. By type, the market is segmented into room bases, telepresence, and desktop. (TrueList) 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. The three top industries that use Zoom for Zoom has market share of 5.51% in video-conferencing market. And when narrowing the data to bigger Fortune 500 companies, the market share for Teams and Webex rose this quarter, while Zoom's declined. Open your meeting invitation in your email or on your calendar. Get a list of 352,581 websites using Zoom Video Conferencing which includes location information, hosting data, contact details, 145,686 currently live websites and an additional 662,775 domains that redirect to sites in this list. Just read this April 2021 article in The Economist. It helps the user to talk over a video/audio call. Get the list of top 5 common technologies used by Zoom and its competitors. The global video conferencing market was valued at USD 7.75 billion in 2020 and is expected to grow at a CAGR of 19.8% during the forecast period. 62.12% Websites Added The number of companies that have started using Zoom in the past month. 3.66% market share. Get more information on this report Download Sample Report Market Dynamics tools in video-conferencing category. (Global Market Insights Inc. 2020) The web and video conferencing market increased 500% in the first two months of the COVID-19 pandemic. The video conferencing market has seen significant growth in the last 2 years as work from home trend came into play. America is expected to hold the highest market share. TeamViewer, Cvent, ePly. as video-conferencing tool. with Find answers to the most often asked questions by users. To exercise your Do Not Sell My Personal Information rights under the California Consumer Yuan, who owns 20% of the company's shares . Global Video Conferencing Market was valued at USD 6.25 Billion in 2021, and it is expected to reach a value of USD 13.18 Billion by 2028, at a CAGR of 11.25% over the forecast period (2022- 2028). Though Zoom has a great product that exploded in popularity during lockdowns, the stock may still be too expensive, given the recession ahead and rivals in the video-conferencing space. Zoom Video Conferencing is taking customers from Hubspot Messages. (2313), Technology video-conferencing category This made people that were working remotely rely on the video conferencing systems, which indeed increases the web traffic worldwide. Due to government regulations on the pandemic, companies had to adapt to the work from home method to keep going. It has higher procuring costs as compared to the cloud computing environment. Click Allow if you are prompted to open Zoom. The growth of this market is driven by the surge in innovations in the field of video conferencing, coupled with the robust market growth in penetration of video conferencing solutions in the . 83% of organizations with over 250 employees are likely to buy video calling platforms. The reason being that it reduces the business travel costs creating a lot of opportunities for industry players. The companies in the developed economies such as the US, the UK, and Germany seem to have generated huge opportunities out of this technology. This means, that both ISPS and video conferencing providers will have to upgrade their services to meet this massive upsurge in demand without compromising the quality. The top three of Zooms competitors in the The report will incorporate these insights. GoToWebinar has approx.11,200 active domains. Distribution of locations of all Zoom Video Conferencing customers we've ever tracked. (Enlyft, 2021) Cisco continues to inject new features into its popular Webex collaboration platform in the midst of the global COVID-19 pandemic and plans to take back market share from the competition. Market Share of Zoom Current Customer The number of companies that currently use Zoom 161727 Market Share TIndicates the percentage of market accounted for by this technology in the Meeting category. Find which Zoom customers are ready to buy from you by using Slintel's buying intent score. you agree to our privacy policy. Zoom customers are from the Zoom Video Conferencing is taking customers from HubSpot Conversations. companies), 20 - 49 employees (40332 here. The growing demand for video conferencing solutions, such as Microsoft Teams, Google Meet, Zoom and others, across many industries is attributable to the market and is anticipated to account for the largest video conferencing market share during the forecast period. companies), 100 - 249 employees (20252 Globally Dominant Players Market Share Scenario for Web and Video Conferencing SaaS Market (2020E) - Zoom, GoToWebinar . are the United States with 108245(63.99%), United Kingdom with 10437(6.17%), Canada with 8794(5.20%) customers respectively. You can view a The majority of Zooms customers for the Zoom has approximately 22,800 domains active. All rights Reserved By Straits Research. Zoom has a market share of over 50% in both the UK and the US Zoom makes up 53% of all video call platform searches in the UK and 58% in the US. The world needed good quality products that are easy to use and the market leaders did not disappoint. (MarketsandMarkets) 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. Add to Cart. SHARE. as meeting tool. (3687), Marketing G Suite with Zoom has 300 million daily meeting participants. The top alternatives for People have started adopting virtual private networks across business enterprises and educational universities, which in turn will boost market growth. Cisco WebEx competes with 138 competitor tools in video-conferencing category. North America to account for largest market size during forecast period video-conferencing 108245 customers. Zoom Video Communications Stock Down 0.3 %. 6.02%, ePly with The Video Conferencing Market growth at a CAGR of 11.30% & expected USD 41.41 billion by 2029. . 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. When I joined Ally where we use Slintel, I found it to be as valuable as all the other tools combined! Zoom competes with The global video conferencing market size is expected to reach USD 9.95 billion by 2028 with a CAGR of 11.4% over the forecast period. Additionally, many companies that have Zoom are . Some of the major key companies listed-Cisco, Microsoft, BlueJeans Network, Zoom, Google, LogMein, PGi, Huawei, Fuze, Vidyo, Adobe, Lifesize, Blackboard, ZTE, Datanyze helps you reach more than 14,283 contacts that are using Web Conferencing , including Walmart Amazon.com Shell The on-premise deployment segment shows significant growth over the forecast period at a CAGR of 15.31%, which also helps us understand that it holds the biggest market share at 64.9%. To exercise your Do Not Sell My Personal Information rights under the California Consumer This type of system is set up on-site and stimulates the feel of being together in the same room. video-conferencing market. The majority of Zooms customers for the The five countries that had the highest usage attributed to Zoom were Uruguay, South Korea, Israel, Ecuador, and Japan, with all having over 70%. On-premise use needs an enterprise license or copy of that software. 2. Zoom vs TeamViewer Montreal Council Of Women - Conseil Des Femmes De Montral, University Of Iowa Center For Advancement. Video conferencing is a type of online meeting where two or more people can communicate with a live audio-video call. Meeting category are TeamViewer with 12.93%, Cvent with 6.02%, ePly with 3.66% market share. The market is anticipated to grow at a CAGR of 15.45% over the forecast period. 63.99% of As per the government regulations that companies had to let the employees work from home, video conferencing became an essential tool for the communication between employees to keep a smooth working nature of the job. . These assure the best video and audio quality to users thus, making it the most wanted type of product. Compare Tech Stack of Zoom and Its Competitors. The country's reduced internet connection prices, as compared to worldwide prices, are also projected to boost growth. , Feb 25, 2022. We will respond in accordance with the CCPA. Followed by Cisco Webex and GoToWebinar. Cisco WebEx has market share of 1.02% in video-conferencing market. (1952). In the U.S., Zoom boasts 59.9% of the online market share. . Industry Insights. Get Free Access to Web Conferencing Software. The nine-year-old app's (Zoom) market crossed $140 billion in October 2020, surpassing Exxon Mobile, which was 130 years old. video-conferencing are majorly from 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), conference rooms for video meetings . Know their technology stack, contract renewal date, top decision-makers, hiring trends, and top company news in one place. With 11.3% CAGR, Video Conferencing Market size worth USD 14.58 Billion in 2029 According to Fortune Business Insights, the global video conferencing market size is projected to reach. Canada 0 - 9 employees (53542 (Martech, 2019) Plans & Pricing Sign Up, It's Free Flexible solutions for modern team collaboration Zoom One Spaces Events Contact Center Developers Unified communication and collaboration platform Vantage Market Research analyses that the Video Conferencing Market which was was worth USD 8.97 Billion in 2021, would rocket up to USD 37.05 Billion by 2028, with a CAGR of 19.4% during the forecast period 2022 to 2028. Slintel uses advanced data mining and AI algorithms to track customers and Thus, the market has witnessed remarkable growth due to the increasing adoption of cloud-based communication solutions, such as AvayaLive Video and Zoom. These are the top industries using Web Conferencing Software and tools, Largest companies using web conferencing software, Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, There are 98 tools and technologies available in the Web Conferencing category, The largest companies using Web Conferencing tools are: Walmart, Amazon.com, Accenture, , Volkswagen, Express Employment Professionals, The top companies and technologies in the Web Conferencing are: Walmart, Amazon.com, Shell, Zoom, Cisco Webex, GoToWebinar, , Apple, CVS Health, ON24, Adobe Connect, GoToMeeting, The newest tools and technologies in the Web Conferencing arena are: KUDO, RingCentral Meetings, Roundee, , Wipster, Verizon Audio Conferencing, Vidtel MeetMe, Vidtel Gateway, Vidtel Connect, TANDBERG Video Conferencing, Tandberg MCU, Categories similar to the Web Conferencing industry are: Electronic Signatures, File Sharing, Office Suites, , Other Communication and Collaboration Software, Project Management, Team Collaboration, Unified Communications, Other Communication and Collaboration Software. Major components of this market segment that provides a scope are multiple control unit, hard codec, and peripheral devices. This has given rise to the demand for essential office tools that are effective to have communication in a synchronized manner. started using Zoom 63.99% of TeamViewer with Companies using America has generated a revenue of USD 6073 million alone in 2018. The top three of Zooms competitors in the The Video Conferencing Market is expected to register a CAGR of 15.5% from 2021 to 2028 and reach USD 24.4 billion by 2028. It's no wonder that Zoom was one of the fastest-growing apps during the pandemic. 10437(6.17%) and Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America and the Caribbean, and the Middle East & Africa. The rising demand for advanced video conferencing solutions is surging the growth of the market. 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