We all would have come across a lot of things that transcend from being a luxury to a needed utility. Smartphones are one such thing that can be added to this category. When it comes to using the Internet, we can name them as intangibles. Apart from any other utilities, the thing that was once considered to be a luxury now turned to be an inevitable part of our daily lives is video calling.
Rewinding back to the 1980s, people thought video calling was just a part of the imagination or a piece out of sci-fi movies, but now it has become a part of everyone’s mobile phones. Due to the impositions like lockdown and social distancing because of the COVID-19 pandemic, the relevance of video calling has definitely increased. Let’s say that the video calling has become the ‘new normal’ in equivalence to the ‘old normal’- meeting people in-person.
How video conferencing/ video calling leads the market?
The growth of video conferencing can be said, without any second thought, is the result of the coronavirus crisis. The download of many video conferencing apps like Zoom has been majorly competitive by more than 100% just in the first quarter of the year 2020. While in January the downloads were only 2 million, it has skyrocketed to approximately 27 million downloads by March, 2020. The app that was once considered to be an underdog of video calling now leads the market.
By estimation, the video conferencing market is expected to grow worth more than $50 billion by the year 2026.
The future of video conferencing app:
The future of apps like Zoom seems to be promising and profitable. This is because, by one end, though there is a need for people to meet their family and friends, meeting over coffee and restaurants has become out of trend nowadays. Thus, ‘catching up’ would be mostly confined to video calls.
On the other end, there are many organizations that are emphasizing more on work from home. But this is not going to bring any change in communication, and there is a constant need to collaborate in real-time. So, considering these factors, it is necessary for the team members to maintain touch with each other, which would not be possible in just a one-to-one voice call.
Obviously, for these purposes, we need a video conferencing app to maintain both the inter-team and intra-team communication.
As we have seen the projection of these apps in the market, for any aspiring entrepreneurs who want to dominate and get in the flow of having a new business, this would be the best app without any doubts.
Maybe by the outlook, it might seem that the market doesn’t have any space for the new players. But with careful market research, you can be able to create a new app which would capitalize on a particular niche.
As a final thought, the market potential of video conferencing apps for business is not of question. But developing such an app can be daunting. But if you consider purchasing Zoom clone scripts, everything is a mere cakewalk. Seek the help of a well-expertised app development company and get ready to launch your app in no time. Startup now!
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