Zoom Video Communications, Inc. develops a people-centric cloud service that transforms real-time collaboration experience. The Company offers a unified meeting experience, a cloud service that provides a 3-in-1 meeting platform with HD video conferencing, mobility, and web meetings.
Recently, Zoom starts providing an All-In-One Desk Phone Solution for calls and meetings, with a new category of hardware optimized for the hybrid workforce, from home offices to shared huddle spaces, addressing use cases across industries. Its brand-new phone appliances will empower the hybrid workplace and boost the number of its active daily users.
Zoom has led its industry and taken most market share by beating Skype as it offers various additional features. For instance, Zoom has enabled a much larger size of participants to join the meeting simultaneously, allowed breakout sessions, generated meeting transcripts, and afforded a robust set of meeting analytics and reporting tools. All of the above certifies Zoom’s competency in the working environment.
The potential risk highlights the expectation of a growth slowdown as Covid-19 recovers. It seems to be sensible; however, a relative growth slowdown does not indicate a declining revenue. Additionally, managers may reimagine employees’ working models, and employees may get used to working from anywhere experience, resulting in the potential growth of active users.