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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The video conferencing was a small on a small scale and very much present in the business and corporate sector. But the pandemic outbreak resulted in lockdown not only increased the presence globally but also expanded the area of presence of these applications to education sector as well. The unprecedented increase in the remote working due to pandemic outbreak the video conferencing sector has benefitted immensely.
| SI No | Timeline | Company | Developments |
| 1 | October 2021 | Cisco | Cisco opened a new Open and Collaboration Center in Atlanta thereby opening further 700 jobs. |
| 2 | October 2021 | Cisco | Deutsche Telekom and Cisco partnered in order to deliver faster internet thereby connecting more people in Europe. |
| 3 | June 2021 | Cisco | Cisco partnered with Brunswick and CyberNB in order to launch a cyber security curriculum for the students. |
Even though the lockdown is lifted in many countries the âwork from homeâ has continued to be the go to option for the companies and this will continue the growth in the online video conferencing market as the meetings form important part of the job.
Due to schools and colleges being shutdown, apart from the working professionals the video conferencing applications are now extensively used by the educational institutions to conduct the online classes.
Also, to promote the new products various brands and companies from various fields are launching their new products and services via webinars or video conferences.
USA has given rise to various video conferencing platforms and has been the market leader with most number of platforms. The Zoom application in the country is leading the market share distant ahead of other competitors GoTOWebinar and Webex.
The below graph shows the share of various video conferencing platforms:
Many local developers have come out with the video conferencing application, one such is Pexip a Norwegian company which has raised 92.55 million Euros has been the serious competitor to US platforms. Video conference service provider StarLeaf in UK alone has witnessed an increase in daily call minutes by 947%.
Zoomâs move to suspend the hosting services to Chinese individuals will give rise to the growth of domestic application developers such as Tencent and Alibaba group. The various other features in Dingtalk and Tencent applications such as document sharing has helped these applications to be the primary choice for the public to choose among the different conferencing apps.
JD the latest entrant to the Chinese video conferencing market has launched a new application called JoyMeeting into already crowded Chinese market with other various domestic platforms including ByteDance.
The launch of Indian applications such as VideoMeet from Data Ingenious Global and Greet has paved way for domestic developers. In India the government has extended the work from home option for IT companies in the country till July 31st. IT ministry in India has invited 10 start-ups to develop an indigenous video conferencing solutions after terming Zoom application as unsafe citing privacy and security reasons.
Asus computer and phone hardware company, is making efforts to promote the video conferencing in the current conditions by launching the âGoogle Meet hardware kitâ 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, Teslaâs CEO Elon Musk has announced the video conferencing feature will be feature in the upcoming vehicles.
| SI No | Timeline | Company | Trends |
| 1 | October 2021 | HP | HP launched the new HP presence portfolio which is a simple video conferencing with new cameras, sensors and audio components. |
| 2 | September 2021 | Brave | Brave launched the new Brave Talk which is used for Private and preserved Video Conferencing. |
| 3 | September 2021 | Zoom | Zoom revealed the plans for innovations in todayâs working environments to ignite a new era of connection and collaboration. |
| 4 | August 2021 | Cisco | Cisco revealed the Vidcast which is an asynchronous video solution to increase productivity and provide flexibility in the Workday. |
| 5 | January 2021 | Logitech | Logitech released the new Logitech Rally Bar which is the video conferencing product used in Microsoft Teams and Zoom. |
| SI No | Timeline | Company | Sales |
| 1 | Q3-2021 | Zoom | The revenue of Zoom at the end of the third quarter was $1.05 billion and in 2020 the revenue was $777.1 million. |
| 2 | Q1 FY-2022 | Cisco | The revenue of Cisco at the end of the first quarter of FY-2022 was $12.9 billion and in the previous year the revenue was $11.9 billion. |
| 3 | Q1 FY-2022 | Microsoft | Microsoft has reported its revenue at the end of the first quarter of 2022 was $45 billion with an increase of 22% from the previous year. |
| 4 | Q3-2021 | Kaltura | At the end of the third quarter the revenue of Kaltura was $43 million and in 2020 the revenue was $30.6 million. |
| 5 | July 2021 | Cisco | Cisco has completed the acquisition of Socio Labs Inc in order to offer beyond meetings, webinars and webcasts. |
| 6 | July 2021 | Zoom | Zoom has decided to acquire Five9 for approximately $14.7 billion. |
| 7 | March 2021 | Cisco | Cisco has completed the acquisition of Acacia Communications Inc in order to enable them in the scale of modern IT. |
Some of the leading platforms from US are Googleâs Meet, Zoom, Microsoft Teams, Ciscoâs 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.
Microsoft launched a real-time voice translation feature in Skype using AI.The new translation feature uses AI to automatically detect the languages being spoken during a video call and translate them in real time.
Microsoft has announced the availability of real-time voice translation in Skype, which can now translate a person's speech in real-time using Artificial Intelligence (AI) to make the translated voice sound similar to the original speaker.According to the blog post, group video conversations and telephony will soon include real-time translations with genuine voice.
With the use of artificial intelligence, the new translation tool can now instantly translate the languages being used during a video conference.
To do this, spoken words are understood, interpreted, and translated using a combination of voice recognition technology and natural language processing.
In addition, the business claims that if customers enable the usage of their real voice, they would utilise AI to sample their words and customise the translation to sound like them, making the discussion more human.
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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