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Zoom Video Communications, Inc. - Statistics & Facts

Zoom Video Communications, Inc., founded in 2011, is a communications technology company from the United States. Also known as Zoom, the company generated revenues of over 2.6 billion U.S. dollars in fiscal year 2021 with its cloud-based software platform that provides both online chat and videotelephony. Notably, Zoom grew into a household name during the COVID-19 pandemic in 2020, as the platform enabled individuals and organizations alike to stay in touch and collaborate while being in different locations.

Zoom products

With its communications platform, Zoom is offering a product tailored to both enterprises and private users. The technology enables individuals to virtually interact with each other in several different contexts, including chats, video meetings, webinars, and social events. Accordingly, it is a software as a service (SaaS) solution that is suitable for companies of many sizes and can be used from different end-devices, including laptops, computers, mobile devices, and Zoom Rooms. More specifically, Zoom falls under the growing unified communications and collaborations market that produces technology for the digital workplace.

Zoom Meeting refers to a video conferencing meeting that is hosted using Zoom, which individuals can join either by using a webcam or a phone. Zoom Room, on the other hand, is tailored to larger businesses as it refers to the integration of software and hardware technology in a physical conference room to host meetings.

New work drives online communication services usage

The shift to new work means that businesses reevaluate their telecommunications structure to align it with an increasingly digital work environment. In fact, cloud-based communication systems that integrate voice telephony and video conferencing emerge as the preferred choice for the future workplace. Among Zoom’s competitors offering these kinds of solutions are Microsoft Teams and Cisco Webex, however, GoToMeeting and Google Hangouts Meet are also reputable alternatives to Zoom. Especially over the course of 2020, when remote work intensified, these solutions experienced a surge in demand.

Outlook

In the future, Zoom is looking to expand its portfolio repertoire and build on its existing services by adding productivity solutions such as email and productivity apps. This means that more services will be integrated into the existing platform to build a holistic environment that centralizes Zoom’s many tools in one place. Certainly, with its recent acquisition of Five9, a cloud contact center platform, Zoom is already adding new capabilities to its offerings by venturing further into the adjacent contact center industry. The company thereby builds on its current success to attract future clients to add to its already diverse customer base. Among these are both businesses including Universal Music Group and Equinix, as well as government departments such as the Israeli Ministry of Education.

Key figures

The most important key figures provide you with a compact summary of the topic of "Zoom Video Communications, Inc." and take you straight to the corresponding statistics.

Zoom financials

Competitors

Zoom usage

Interesting statistics

In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Zoom Video Communications, Inc.".

Zoom Video Communications, Inc.

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Zoom Video Communications, Inc. - Statistics & Facts

Zoom Video Communications, Inc., founded in 2011, is a communications technology company from the United States. Also known as Zoom, the company generated revenues of over 2.6 billion U.S. dollars in fiscal year 2021 with its cloud-based software platform that provides both online chat and videotelephony. Notably, Zoom grew into a household name during the COVID-19 pandemic in 2020, as the platform enabled individuals and organizations alike to stay in touch and collaborate while being in different locations.

Zoom products

With its communications platform, Zoom is offering a product tailored to both enterprises and private users. The technology enables individuals to virtually interact with each other in several different contexts, including chats, video meetings, webinars, and social events. Accordingly, it is a software as a service (SaaS) solution that is suitable for companies of many sizes and can be used from different end-devices, including laptops, computers, mobile devices, and Zoom Rooms. More specifically, Zoom falls under the growing unified communications and collaborations market that produces technology for the digital workplace.

Zoom Meeting refers to a video conferencing meeting that is hosted using Zoom, which individuals can join either by using a webcam or a phone. Zoom Room, on the other hand, is tailored to larger businesses as it refers to the integration of software and hardware technology in a physical conference room to host meetings.

New work drives online communication services usage

The shift to new work means that businesses reevaluate their telecommunications structure to align it with an increasingly digital work environment. In fact, cloud-based communication systems that integrate voice telephony and video conferencing emerge as the preferred choice for the future workplace. Among Zoom’s competitors offering these kinds of solutions are Microsoft Teams and Cisco Webex, however, GoToMeeting and Google Hangouts Meet are also reputable alternatives to Zoom. Especially over the course of 2020, when remote work intensified, these solutions experienced a surge in demand.

Outlook

In the future, Zoom is looking to expand its portfolio repertoire and build on its existing services by adding productivity solutions such as email and productivity apps. This means that more services will be integrated into the existing platform to build a holistic environment that centralizes Zoom’s many tools in one place. Certainly, with its recent acquisition of Five9, a cloud contact center platform, Zoom is already adding new capabilities to its offerings by venturing further into the adjacent contact center industry. The company thereby builds on its current success to attract future clients to add to its already diverse customer base. Among these are both businesses including Universal Music Group and Equinix, as well as government departments such as the Israeli Ministry of Education.

Interesting statistics

In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Zoom Video Communications, Inc.".

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