WRLD1 / TVNET integrates its VdeoChat and VDEOCALL group of networks across North America and the 8 regions of the world with 2 worldwide targeted brands directed to both enterprise video conferencing and social chat channel venues
SAN FRANCISCO, Aug. 1, 2021 /PRNewswire/ -- Nathan Sassover, CEO of WRLD1 / TVNET today announced further development and increased strategic presence with the creation of 2 Business and Social Chat Networks targeting the continuing surging usage of these venues across all enterprise and social sectors with North America and all international territories.
VdeoChat.com | VDEOCALL.com
WRLD1 and its TV venues are powered by the TVNET APTVE mobile netcast architecture and user interface driving an enlarged range of global business and social chat platforms
Sassover further noted: "The VdeoChat and VDEOCALL chat hubs now provide increased Guide to optimal resources and alliances to facilitate seamless and unburdened access with range of features and options that truly enlarge the usage framework across 2 on air networks:
¦ VdeoChat.com | Video Chat Network
The WRLD1 VdeoChat and VDEOCALL hubs and all other TVNET categories of geocentric and key industry vertical networks will continue to be resources for AI development that permit more targeted enhanced features and best in class services, alliances and tech providers.
Sassover noted: "The challenges are balance and engaging range of content within our video display innovations and to optimize video viewing within the content 'window' to each local, regional or world VdeoChat / VDEOCALL hubs and beyond which link to other WRLD1 destinations on the platform."
Current Global Analysis:2021 -2028 as Guides to market scope and usage projections for video chat/call based services
¦ VDEOChat.com | VDEOCall.com
Video Conferencing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Deployment, By Enterprise Size, By Application, By End Use, By Region, And Segment Forecasts, 2021 - 2028
¦The sudden shift of several businesses to the remote working model created an exponential demand for cloud conferencing software and services. Applications such as Zoom and Microsoft Teams have witnessed exponential growth during the first half of 2020. Despite the vast growth witnessed by the software segment, the overall market growth suffered in 2020 due to a decline in the demand for video conferencing hardware and related peripherals.
In the hardware segment, the demand for enterprise endpoints was impacted negatively due to the temporary closure of organizations and other industries. This, in turn, resulted in a significant rise in demand for consumer hardware and headsets.
Moreover, the increased use of cloud-based video conferencing solutions has given organizations access to vast amounts of data about video meeting habits. The use of conferencing platforms integrated with AI allowing companies to optimize the use of the collaboration platform and increase the efficiency of meetings by deploying virtual assistants and facial recognition technology.
(AI) in conferencing solutions has enabled organizations to gain insights about aspects such as the optimal length of a meeting, the ideal number of participants, and the best time of the day to hold a meeting. Additionally, developments in the field of voice recognition are helping enterprises analyze the content of meetings, draw a comparative analysis between meetings in an organization, and make suggestions regarding connections among people with complementary skills.
The growing need for effective enterprise communication and large-scale investment by various organizations for modernizing communication networks are expected to propel the market. Rising mobility requirements of remote workers and workforces are driving the need for mobile devices, which has amplified the use of conferencing solutions among consumers. Conferencing and collaboration solutions, along with advanced hardware, have become an integral part of a range of businesses for delivering next-generation communication capabilities.
The hardware segment is further segmented into cameras and microphones/headphones. The microphones/headphones segment witnessed sudden growth in 2020 due to the need for effective communication and the deployment of the work from home model. The rapid adoption of software-based communications and collaboration solutions amid the pandemic, such as Zoom videoconferencing and Microsoft Teams, has escalated the growth of the headphones segment. Latest advancements in the field of Internet of IoT and AR/VR have resulted in the development of headsets with upgraded features by providing enhanced interconnectivity across devices. This is also expected to work in favor of the segment growth over the next few years.
The cloud segment is estimated to witness exceptional growth over the next few years. These solutions offer increased accessibility to the end-users by allowing easy access to video conferencing services through multiple channels, such as laptops and mobile devices. Furthermore, service providers are emphasizing the adoption of a Software as a Service (SaaS) platform for the provision of video conferencing services, which has attracted a large number of small- and medium-scale enterprises. Moreover, the development of better encrypted and password-protected cloud solutions is expected to drive the growth of the segment.
Enterprise Size Insights
The Small and Medium Enterprises (SMEs) segment is expected to provide lucrative opportunities to key players over the next few years. SMEs are realizing the benefits of collaboration and conferencing, especially due to the COVID-19 pandemic. Several key market players are developing strategies for this segment to gain a competitive advantage. For instance, Plantronics, Inc. redeveloped the QDX 6000, an SD video conferencing system for the Asian market, which is suitable for small and medium-sized meeting rooms.
However, the pandemic has led to increased purchases of consumer-grade devices and solutions. The growing demand had encouraged market players to capitalize on the opportunity by adding enhanced features to their solutions. Solution providers such as Logitech are offering a range of both in-office and portable webcams and Word from Home (WFH) headsets in anticipation of the current and potential future increase in demand.
The government and defense sector is another promising sector expected to witness increased adoption in the forthcoming years. Public sector companies are implementing conferencing solutions to improve efficiency and productivity, especially during the pandemic. These solutions are helping government organizations in engaging more people and faster decision-making. Moreover, the growing demand for video conferencing in the sector owing to distributed governments is further driving the growth of the segment. Cloud-based solutions are expected to witness an increased demand in the government sector as governments globally are prioritizing control over cost, moving away from aging telecom equipment, and seeking improved connectivity with their mobile workforce.
The Asia Pacific regional market is expected to witness the fastest growth over the forecast period. Although the business communities and governments in the region were already encouraging work style innovation prior to the COVID-19 pandemic; the pandemic acted as a catalyst for developing high-quality internet infrastructure in the region enabling people to work remotely. The sudden shift to the remote working model has increased the demand for collaboration tools, video conferencing equipment, and accessories, thereby boosting the market growth in the region. Furthermore, advancements in mobile broadband technologies, such as High-Speed Downlink Packed-Access (HSDPA) networks and WiMAX, in countries such as India and Japan, are expected to accelerate the growth of the regional market.
Key Companies & Market Share Insights
Partnerships, mergers and acquisitions, and collaborations are some other strategies adopted by leading players to remain competitive. In October 2020, Cisco Systems, Inc. acquired BabbleLabs to improve the functionality of the Cisco WebEx Platform via speech enhancement and noise removal technology. This has aided the organization to improve its conferencing and communications applications and raise the quality of its video meeting experience. An increased focus of businesses on reducing communication costs has created a major opportunity for industry players, subsequently leading to the development of advanced conferencing solutions and services, like telepresence and webcasts. Some of the prominent players operating in the global video conferencing market are:
Segments Covered in the Report
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