VIDEO CONFERENCING MARKET ANALYSIS

Key Developments

• In April 2024, Adobe Inc., a multinational software company renowned for its innovative digital media and marketing solutions, launched the latest all-new Frame.io V4, a flexible, fast and intuitive creative collaboration platform that streamlines and simplifies workflows across content creation and production
• In April 2024, Zoom Video Communications, Inc., a leading provider of video conferencing solutions, announced the general availability of Zoom Workplace, the company's AI-powered collaboration platform, fully packed with new features to help users reimagine teamwork, connections, and productivity
• In March 2024, Microsoft Corporation, a global technology company known for its software products, and Oracle, a global leader in cloud applications and platform services, strengthened their strategic alliance to meet the increasing demand for Oracle Database Azure across the globe. Under this expansion, Oracle Database Azure will be available in five more regions while the total planned multi-cloud availability footprint will be expanded to 15 regions globally.
• In March 2024, Cisco Systems Inc., a global leader in networking technology and cybersecurity solutions, signed a five-year portfolio agreement with BBVA to facilitate the latter's quicker access to the complete software and the comprehensive CX portfolio from Cisco Systems Inc. Collaboration, cybersecurity, data center, networking, and services are the covered solutions.
• In February 2024, Huawei Technologies Co., Ltd., a global leader in information and communications technology (ICT) solutions and telecommunications equipment, signed a memorandum of understanding with a U.A.E-based telecom operator, "du." The deal would continue to advance building 5G Advanced country projects for the support of digital U.A.E.