Have we reached peak video conferencing?

Zoom shares fell by 16% on Tuesday amid second-quarter results that missed revenue estimates. Growth slowed for Zoom as stay-at-home orders subsided and changes in post-pandemic buying patterns. This is to be expected from a company that benefited the most from being at home. 

However, with growth stalling at one of the biggest video conferencing providers, we wonder whether we have reached the summit.

Not so fast; according to MarketsandMarkets, the video conferencing industry is set to grow by 19.7% year on year, reaching an estimated market value of $22.5 billion in 2026 (up from 9.2 billion in 2021).

So what next for video conferencing? Jabra outline two things that are front and centre: more sophisticated camera capabilities and enhanced security.

We covered Microsoft Aspire in our last bulletin where they announced a host of features coming to Teams. Regarding video meetings, they are focused on collaboration features. Excel Live allows you to work on an Excel spreadsheet on a video call and Annotation powered by Whiteboard for drawing and highlighting a shared presentation.

Intelligent cameras are also something Microsoft is also investing heavily in, as well as improving their audio with the use of AI and machine learning.

New features announced this week from Zoom include enhanced Whiteboard features (we can see a trend forming) and added additional captions languages to their meetings. 

This month’s bulletin covers some facts, need-to-know info, future developments, a Tweet and a new Blackstar product launch for all those Teams users out there.

Let’s get into it.