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Associated Press
04-08-2025
- Business
- Associated Press
Omdia: Global Video Conferencing Market Grows 5% to $18 Billion in 2024 Despite Economic Uncertainty
LONDON--(BUSINESS WIRE)--Aug 4, 2025-- 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 press release features multimedia. View the full release here: Total video conferencing equipment market revenue '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: '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. View source version on CONTACT: Contact: Fasiha Khan:[email protected] KEYWORD: UNITED KINGDOM EUROPE INDUSTRY KEYWORD: CONSUMER ELECTRONICS TECHNOLOGY SEMICONDUCTOR OTHER TECHNOLOGY TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET VOIP MOBILE/WIRELESS HARDWARE SOURCE: Omdia Copyright Business Wire 2025. PUB: 08/04/2025 06:30 AM/DISC: 08/04/2025 06:30 AM
Yahoo
30-07-2025
- Business
- Yahoo
Paycom unveils IWant: Command-driven AI engine with accurate, rapid results
OKLAHOMA CITY, July 30, 2025--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE: PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, today announced the launch of IWant, the industry's first command-driven AI engine that revolutionizes the way all users navigate and access their information within a single database. Users can prompt IWant by utilizing voice-to-text functionality or by simply typing a question, and the AI engine immediately provides the answer or directs them to the appropriate location to interact with their information. IWant is designed to return results that will always be accurate because it pulls from employee data entered into Paycom's single database, not from multiple sources. This eliminates issues created by duplicate or inconsistent data. IWant is available to clients on mobile through Employee Self-Service® and Manager on-the-Go® (both located in the Paycom app) and on desktop through the client login page. By eliminating navigation barriers and making employee data more accessible than ever, IWant empowers users to tap into the power of that data within Paycom's single database, regardless of their level of familiarity with the software. "IWant is the biggest release since our founding in 1998," said Chad Richison, Paycom founder and CEO. "Command-driven automation marks the beginning of the future of all software. Navigation, information gathering and asking others for information will soon become obsolete. IWant gives you all of the information and access without needing to know how to use the system." With IWant, Paycom users gain an easy, automated avenue for seeking information about employee data without having to navigate through the software. For employees: IWant assists employees with fast answers about their employee data, including time-off balances, 401(k) contribution percentages, schedules, tax withholdings, paycheck amounts, pay history, benefits and more. For HR, C-suite and managers: IWant supports HR teams and makes an organization's leaders smarter by providing instant employee information about coverage thresholds, time-off schedules, overdue trainings, pay changes, who's clocked in for the day, time-off requests, salary information, employment history, performance reviews and more. "Paycom's single database has strategically set them apart since day one, paving the way for continued breakthroughs like IWant," said Steve Boese, HR Technology Conference program co-chair. "I particularly like IWant's Executive Mode and can see how this AI engine will transform not only the way leaders interact with company data but how they lead with data moving forward." An executive in the distribution industry who participated in the client pilot of IWant was impressed with how easily and quickly he could access workforce data. "It's a night and day difference," the executive said. "IWant makes everyone a system expert, so I can access all the info I need without navigating beyond the home screen. And I don't rely on others for employee data anymore. It's a total game changer." Paycom's unique, single-database software is designed to allow for a seamless flow of data across its HR suite, eliminating inaccuracies associated with duplicate or disparate data that comes from integrating multiple systems. To learn more or watch a demo of IWant, visit About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally. View source version on Contacts Media Contact: Larisha Huntermedia@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
Energy Vault Schedules Conference Call to Discuss Second Quarter 2025 Financial Results
WESTLAKE VILLAGE, Calif., July 24, 2025--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or "the Company"), a leader in sustainable, grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2025 on Thursday, August 7, 2025 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-800-343-4849, international callers may use 1-203-518-9848. When prompted, please provide the Conference ID: EnergyQ2 to join the Energy Vault Holdings earnings call. A live webcast will also be available at A telephonic replay of the call will be available shortly after the conclusion of the call and until Thursday, August 21, 2025. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 11159550. An archived replay of the call will also be available on the investors portion of the Energy Vault website at About Energy Vault Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company's technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault's innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Since 2024, Energy Vault has executed an "Own & Operate" asset management strategy developed to generate predictable, recurring and high margin tolling revenue streams, positioning the Company for continued growth in the rapidly evolving energy storage asset infrastructure market. Please visit for more information. View source version on Contacts Investors: energyvaultIR@ Media: media@
Yahoo
17-07-2025
- Business
- Yahoo
U.S. Firms Seek Service Partners for AI-Ready Hybrid Clouds
Enterprises see promise in AI but need help building and running infrastructure amid rising cost pressures, ISG Provider Lens® report says STAMFORD, Conn., July 15, 2025--(BUSINESS WIRE)--As enterprises in the U.S. execute hybrid multicloud strategies, many are turning to service providers that use AI and automation to ease cloud and data center management, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. The 2025 ISG Provider Lens® Private/Hybrid Cloud — Data Center Services report for the U.S. finds that the rapid adoption of technologies such as generative AI and large language models (LLMs) has created unprecedented demand for data processing and storage, making data centers even more critical for enterprise operations. Service providers are helping organizations address many data center challenges, especially the need for scalability, high-speed connectivity and regulatory compliance. "AI is transforming the digital landscape, and data centers are at the heart of these changes," said Anay Nawathe, ISG cloud delivery lead for the Americas. "Service providers are delivering the tools and expertise enterprises need to build infrastructure that supports AI." Providers are helping companies virtualize workloads, move them to cloud or colocation data centers and manage them with cloud-agnostic tools, the report says. The transition from traditional data centers to cloud-based infrastructure can improve scalability, security and efficiency. Reducing IT spending is a growing priority for U.S. enterprises as they face macroeconomic uncertainty on several fronts. Providers' managed services include observability and automation to improve enterprise cloud operations and FinOps frameworks to manage cloud costs. AI and ML bring valuable new capabilities to managed services for both private and hybrid clouds, ISG says. These include algorithms to analyze real-time data and logs and metrics to detect anomalies and forecast disruptions. Many U.S. enterprises want to use AI and ML but do not know how to start. They seek AI-ready infrastructure consulting that includes design, implementation and management. Enterprises distributing workloads across private and public clouds need to optimize the placement of those workloads to gain the full benefits of cloud-based computing. They are taking advantage of AI-powered features in managed services that automatically determine the best placement of each workload based on cost, performance requirements, resource availability and regulations. Security is a high priority for companies that migrate data and applications to hybrid clouds, and providers are integrating security operations into their services, ISG says. Enterprises use these features, including continuous monitoring, advanced threat detection and rapid incident response mechanisms, to ensure a consistent security posture across all managed environments. "Companies are trusting critical workloads to hybrid clouds and the services that manage them," said Shashank Rajmane, senior manager and principal analyst, ISG Provider Lens Research, and author of the report. "They rely on service providers to enforce security policies and automate data governance and compliance across all parts of that distributed infrastructure." The report also explores other U.S. trends related to hybrid cloud services, including advances in software-defined data centers and growing investments in DevOps and containerization for consistent application development and management. For more insights into U.S. enterprise challenges related to data centers and hybrid clouds, plus ISG's advice for addressing them, see the ISG Provider Lens® Focal Points briefing here. The 2025 ISG Provider Lens® Private/Hybrid Cloud — Data Center Services report for the U.S. evaluates the capabilities of 71 providers across five quadrants: Managed Services — Large Accounts, Managed Services — Midmarket, Managed Hosting, Colocation Services and AI-Ready Infrastructure Consulting. The report names Kyndryl and NTT DATA as Leaders in three quadrants each. It names Accenture, Capgemini, Cognizant, DXC Technology, Ensono, Rackspace Technology and TCS as Leaders in two quadrants each. Centersquare, CoreSite, CyrusOne, DataBank, Deloitte, Digital Realty, Equinix, Flexential, HCLTech, Hexaware, IBM, Infinite Computer Solutions, Infosys, Microland, Mphasis, PwC, QTS, Unisys, UnitedLayer and Wipro are named as Leaders in one quadrant each. In addition, Coforge and HPE are named as Rising Stars — companies with a "promising portfolio" and "high future potential" by ISG's definition — in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2025 among private/hybrid cloud data center service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Unisys and UnitedLayer. The 2025 ISG Provider Lens® Private/Hybrid Cloud — Data Center Services report for the U.S. is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens® Research The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments. View source version on Contacts Press Contacts:Laura Hupprich, ISG+1 203 517 Julianna Sheridan, Matter Communications for ISG+1 978-518-4520isg@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
