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Omdia: Global Video Conferencing Market Grows 5% to $18 Billion in 2024 Despite Economic Uncertainty
Omdia: Global Video Conferencing Market Grows 5% to $18 Billion in 2024 Despite Economic Uncertainty

Business Wire

timea day ago

  • Business
  • Business Wire

Omdia: Global Video Conferencing Market Grows 5% to $18 Billion in 2024 Despite Economic Uncertainty

LONDON--(BUSINESS WIRE)--The global video conferencing (VC) market continues to demonstrate resilience, growing by 5% year-over-year in 2024, to reach $18 billion in revenue according to new analysis from Omdia's Market Landscape report. This growth comes despite challenging geopolitical conditions and ongoing economic uncertainties, factors that could influence hybrid work policies, as businesses continue to reimagine the future of work. With this momentum, the market is projected to continue expanding through 2029. "This isn't merely about weathering the storm, it's about strategic transformation,' said Prachi Nema, Principal Analyst, Digital Workplace, Omdia. "This isn't merely about weathering the storm, it's about strategic transformation,' said Prachi Nema, Principal Analyst, Digital Workplace, Omdia. 'While North America appears saturated and EMEA shows signs of stagnation, Asia & Oceania continue to show promising growth. This reflects the trend in AI adoption, with companies increasingly emphasizing collaboration tools to boost employee productivity in hybrid work settings. The collaborative meetings market grew 4% in 2024, while the VC devices experienced a 6% year-over-year increase. This growth is particularly noteworthy amid ongoing economic slowdowns and shifting enterprise priorities. In the short-to-medium term, Omdia expects the market to grow at a 5% CAGR over the next five years, with total revenue reaching $21 billion by 2029. New users in Asia & Oceania, and EMEA, as well as emerging use cases across sectors such as healthcare, education, and finance, will drive this growth. Additionally, several factors are reshaping the video conferencing landscape: AI integration is transforming both hardware and software solutions, with features such as automated summaries, translations, and advanced room analytics becoming standard offerings Strategic partnerships between hardware and software vendors are creating new market opportunities and enhancing interoperability Android-based plug-and-play solutions are gaining popularity due to their ease of use and flexibility Microsoft's dominant 49% market share in collaborative meeting services is influencing hardware certification and deployment strategies "However, the market is becoming increasingly commoditized, with very little product differentiation between vendors' offerings," said Nema. The research highlights a significant disparity in meeting room infrastructure worldwide, with only 6.25% of all meeting rooms fully equipped as standardized spaces or native meeting rooms such as Microsoft Teams Rooms or Zoom Rooms. However, the market for bring-your-own-device (BYOD) rooms is significantly larger than standardized meeting rooms. The demand for BYOD rooms, particularly those that provide quick and easy wired/wireless meeting capabilities, is on the rise. Regionally, North America leads with a 42% subscription market share within collaborative meeting services, followed by Europe, the Middle East, and Africa (EMEA) at 27%. Asia & Oceania owns 25% share of the subscription. Globally, only 28% of all meeting rooms have some form of VC capability, highlighting significant growth opportunities for vendors capable of overcoming cost and deployment barriers. About Omdia Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

Your phone predicts an earthquake
Your phone predicts an earthquake

Fox News

time7 days ago

  • Fox News

Your phone predicts an earthquake

I read a geeky article that I think you'll also find amazing. Google quietly used its Android operating system to turn billions of phones into the largest earthquake detection network in human history. Your Android phone can warn you about an earthquake before the shaking even starts. It's built right in. You can do the same with your iPhone, too. We're giving away a new iPhone 16 Pro (a $999 value). No purchase required. Enter to win now. Earthquakes begin with fast, subtle P-waves. Those are the early rumbles most people don't feel at all. But your phone's accelerometer (yep, the same sensor that knows when you turn your phone sideways) can detect those waves. When enough Android phones in the same area sense the same motion, Google's system kicks in and sends early alerts to people who are about to get hit by the stronger, slower S-waves. Those are the ones that cause damage. This gives you 15 to 60 seconds of warning. Not much time, but enough to move away from windows, duck under a desk or stop that ladder climb. Seconds matter when the ground starts rolling. According to a study in Science, the Android-based earthquake detection network caught over 11,000 real earthquakes between 2021 and 2024. It covers 98 countries and pushes out around 18 million alerts a month. In some cases, people had over a minute's notice before the shaking started. And false alarms? Just three total across more than 1,300 confirmed events. Try getting those odds from your weather app. That's incredible for a free feature hiding in your phone. Even if you don't live on the San Andreas Fault, make sure the setting is on in case you travel to an area where you need it: Got a Wear OS smartwatch? It'll buzz your wrist, too, even if your phone's in another room. Apple hasn't enrolled in Quake University (yet). Though iPhones have accelerometers, too, Apple doesn't use them for earthquake detection. If you're on Team iPhone, use the free MyShake to get alerts from official seismic networks. Award-winning host Kim Komando is your secret weapon for navigating tech. Copyright 2025, WestStar Multimedia Entertainment. All rights reserved.

MMC to make QR code system mandatory to tackle fake doctors in state
MMC to make QR code system mandatory to tackle fake doctors in state

Hindustan Times

time27-07-2025

  • Health
  • Hindustan Times

MMC to make QR code system mandatory to tackle fake doctors in state

Pune: In a major step to crackdown on bogus doctors in Maharashtra, the Maharashtra Medical Council (MMC) has decided to make its QR code-based system – know your doctor (KYD) – mandatory for registered medical practitioners, said council officials on Saturday. In a major step to crackdown on bogus doctors in Maharashtra, MMC has made its QR code-based system – know your doctor (KYD) – mandatory for registered medical practitioners. ((PIC FOR REPRESENTATION)) The decision comes after a recent discussion in the state legislative assembly about bogus doctors or quacks practicing in the state, especially in rural and remote areas. According to the state government data, of the 391 bogus doctors booked over the past five years, only two have been convicted and charges proved against 17 others, said officials. MMC had launched the KYD platform on February 11, 2025, to help people verify authenticity and qualifications of registered medical practitioner or consulting doctor. The code will help patients and citizens check the authenticity, up-to-date credentials, and licences of doctors along with their specialisation and areas of expertise. However, despite over 2.03 lakh registered medical practitioners (RMP) registered in the state, only 10,000 have so far signed up for the QR code system, as it was voluntary. Dr Vinki Rughwani, administrator, MMC, said, 'Joining the KYD platform was initially voluntary, and the state has now made it mandatory for RMPs. An order will be issued within a couple of weeks.' According to officials, the KYD Card issued by MMC has to be displayed at doctors' practice locations, like clinics and hospitals. Citizens can scan the QR code to check if a doctor is registered with the council and qualified to practice medicine, said MMC officials. Dr Rughwani said, 'With the rising threat of quackery, especially in villages, it has become essential for us to ensure that citizens can trust their doctors.' Dr Sunil Ingale, president, Indian Medical Association, Pune Chapter, said, 'Making the KYD QR code mandatory is a much-needed step. It not only protects patients from falling into the hands of quacks but also helps build trust in genuine doctors. It's a win for ethical medical practice.' KYD platform Doctor verification: Authentic and up-to-date credentials and licences for healthcare professionals Specialty details: Information on doctor's specialisation and areas of expertise Convenient access: Accessible via Android-based mobile devices for patients

Ebix Tech secures Rs 140 crore contract from Maharashtra Transport Corp
Ebix Tech secures Rs 140 crore contract from Maharashtra Transport Corp

The Print

time23-07-2025

  • Business
  • The Print

Ebix Tech secures Rs 140 crore contract from Maharashtra Transport Corp

In November 2022, the company was awarded a contract to supply and maintain 38,622 Android-based Electronic Ticketing Machines (ETMs) integrated with an online reservation system. Once fully operational, the project is expected to clock transactional volumes to the tune of Rs 2,000 crore annually, boosting the entity's digital transaction ecosystem and passenger convenience, Ebix Technologies Limited, earlier known as EbixCash, said in a statement. Mumbai, Jul 22 (PTI) Ebix Technologies, Indian subsidiary of Eraaya Lifespaces, on Tuesday announced securing a Rs 140 crore contract from Maharashtra State Road Transport Corporation for the first state-wide rollout of the National Common Mobility Card for concessionaires in India. This mandate has successfully facilitated the issuance of approximately 220 crore passenger tickets in the past two years, Ebix Technologies said, adding that this network spans MSRTC's fleet of over 16,000 buses, serving more than 13 crore passengers monthly across urban and rural Maharashtra. The newly-awarded National Common Mobility Card (NCMC) programme expands this partnership with a focus on smart and interoperable payments that will revolutionise how millions travel daily, it said. Spearheaded by the National Payments Corporation of India (NPCI) in collaboration with the Ministry of Housing and Urban Affairs, the initiative enables passengers to use a single smartcard across multiple transport modes, creating a truly integrated mobility ecosystem, Ebix said. 'With the NCMC rollout, we are not just introducing another payment method. We are fundamentally reimagining how citizens experience everyday travel across Maharashtra,' a company spokesperson said. The project includes mandatory adoption of the NCMC smartcard for all concessional passengers and pass holders on MSRTC buses, with optional availability for regular passengers, a minimum business assurance of 70 lakh NCMC cards to be sold in the first year alone, scaling to over 2 crore cards issued statewide through a network of 3,000 dedicated retail outlets established by Ebix Technologies, among others. PTI IAS BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Kia highlights customization, space in new PV5 electric PBV
Kia highlights customization, space in new PV5 electric PBV

Korea Herald

time23-07-2025

  • Automotive
  • Korea Herald

Kia highlights customization, space in new PV5 electric PBV

Kia, an automaker under Hyundai Motor Group, is emphasizing flexibility in configuration and spacious interiors with its new purpose-built vehicle model, the PV5, as a key strategy in expanding into the electric PBV market. On Tuesday, Kia showcased the vehicle's modular technology at a studio in Gwangmyeong, Gyeonggi Province, highlighting its potential to meet diverse mobility needs. The PV5 is the first model built on the group's E-GMP.S platform, dedicated to electric PBVs, and is expected to support at least nine variants by 2026, all sharing a common driver compartment and design. Modular components allow the model to be configured into various forms, including a refrigerated truck and an open-bed truck, while only a passenger van and box-type cargo van are currently available. The structure allows for a high degree of customization, enabling buyers to choose features such as door and window configurations, rear overhang length and seat layout to suit specific operational needs when placing an order. Pursuing unlimited flexibility in its PBV business, the company plans to offer base modules with conversion-supporting options. This will enable external partners to integrate conversion components without structural modifications or additional assembly, Kia said. During the event, Kia also highlighted the PV5's spacious interior, which offers up to 5,165 liters of cargo capacity. To maximize space, the vehicle concentrates electric power modules to the front and adopts a cell-to-pack battery system, which installs cells directly without separate modules. Company officials said they involved potential customers from the early development stages through validation to fully utilize the expanded space. This was supported by extensive research, including direct participation in logistics operations and wheelchair-accessible taxi services, as well as analysis of approximately 1,000 user scenarios. As a result, all PV5 configurations feature a low second-row step height for easy passenger boarding and alighting and an interior height of up to 181 centimeters to facilitate cargo room tasks. It offers a tight 5.5-meter turning radius for easy maneuvering and parking in narrow spaces, despite a long 2,995-millimeter wheelbase that ensures spacious interior room. In addition to these shared features, the cargo variant accommodates standard global logistics pallets, while the passenger version offers a 775 mm door opening to allow all types of wheelchairs and enough room for caregivers in the cabin. Officials added that the software supports diverse uses with an Android-based infotainment system and Hyundai's proprietary Pleos application market, offering tailored business programs such as comprehensive fleet vehicle monitoring and mobility solutions for vehicle operation, range and charging management. While Kia plans to begin deliveries of the passenger van and box-type cargo van configurations in Korea this August, the global rollout will start in the fourth quarter of 2025, beginning with Europe. 'A model marking the beginning of future mobility, the PV5 brings innovations such as maximized interior space, flexibility for multi-purpose use and external connectivity, developed through active engagement with potential customers,' said Ju Seok-ha, vice president of Hyundai Motor Group's multiservice vehicle project group 3.

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