Zoom Video Communications, Inc., Google, and Microsoft have dominated the Global Wearable Conferencing Technology Market in 2022

The Global Wearable Conferencing Technology Market is said to grow with the CAGR of 12.9% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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The global wearable conferencing technology market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

Zoom Video Communications, Inc. is the dominating player in Global Wearable Conferencing Technology Market. The other key players existing in the market includes Google (a subsidiary of Alphabet Inc.), Microsoft, Lenovo, Logitech, Vuzix Corporation, Vidyo, Inc., Ricoh, LogMeIn, Inc., RealWear, Inc., DIALPAD, INC., , Chironix, Seiko Epson Corporation, Iristick, Robert Bosch GmbH, ezTalks, HTC Corporation, Sony Corporation, EON Reality, TeamViewer among others.

Wearable Conferencing Technology Market

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. is headquartered in California, U.S. and was founded in 2011. The company provides frictionless communications platform to its customers. The company offers products like Meetings, Marketplace, Video Webinars, Phone System, Events, Chat, Rooms and Workspaces, Developer Platform in which Meetings, Marketplace, Video Webinars, Phone System, Events, Rooms and Workspaces is the market focused category.

  • In July 2021, Zoom Video Communications, Inc. announced that they will be acquiring Five9, Inc., a leading provider of the intelligent cloud contact center. Combining Five9’s Contact Center as a Service (“CCaaS”) solution with its communications platform it will able to build the customer engagement platform to connect with its customers. The acquisition will help the company to expand its customer base in the market.

The company has wide global presence across Europe, Americas, Asia-Pacific and Middle-East & Africa with its various subsidiaries such as Keybase, Inc. (U.S.), ZVC Netherlands B.V. (Netherlands), ZVC UK LTD (U.K.), ZVC Australia (Australia), Karlsruhe Information Technology Solutions - Kites GmbH (Germany) among others.

Google

Google (a subsidiary of Alphabet Inc.) is headquartered in California, U.S. and was founded in 1998. The company is focused on providing various products such as speech into text converter using AI technology. The company offers wide range of products categories such as Google Express, Google Fi, Google Fit, Google Flights, Google Fonts, Google Groups, Google Input Tools, Google Meet, and Google One in which Google Meet is the market focused category.

  • In July 2021, Google (A Subsidiary of Alphabet Inc.) announced the launch of a new standalone web app, Progressive Web Application for Google Meet. There is no change in terms of functionality of the app in fact websites have the functions of an app. The app can help to manage the workflow as the person don’t need to switch between the tabs. Thus the company has brought forward easy and simple to use app for its user.

The company has wide global presence across Europe, Americas, Asia-Pacific and Middle East and Africa with its various subsidiaries such as YouTube (U.S.), Google Nest (U.S.), YouTube TV (U.S.), Firebase (U.S.), AdMob (U.S.) among others.

Microsoft

Microsoft is headquartered in Washington, U.S. and was founded in 1975. The company is engaged in offerings computer software, consumer electronics, personal computers among others for consumer. The Company operates in business segment Productivity and Business Processes, Intelligent Cloud, and More Personal Computing of which Productivity and Business Processes is the market focused segment. The company offers wide range of products categories such as Software, PCs & Devices, Entertainment, Business, Developer & IT, Other devices in which Software and Other devices is the market focused category.

  • In December 2021, Microsoft announced the availability of Teams Essentials, the standalone Microsoft Teams offering designed specifically for small businesses. With this the company will be able to provide professional and affordable meetings solution to the small business to support collaboration, connection and productivity in a hybrid work environment. Thus the company will be able to cater the needs of small business in the market.

The company has wide global presence across Europe, Americas, Asia-Pacific and Middle-East & Africa with its various subsidiaries such as Microsoft Ireland Research (Ireland), Microsoft Global Finance (Ireland), Microsoft Ireland Operations Limited (Ireland), Microsoft Online, Inc. (U.S.), LinkedIn Corporation (U.S.) among others.