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Business Wire
6 days 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.
Yahoo
11-06-2025
- Business
- Yahoo
Will Device Subscriptions Drive the Next Growth Wave at Unisys?
Unisys Corporation UIS is leaning into Device Subscriptions Service ('DSS') as a potential growth driver within its Digital Workplace Solutions ('DWS') segment. The company is delivering solution innovations aligned with business outcomes that clients and prospects are actively seeking, such as cost optimization, data integration and security, improved asset and employee productivity, and artificial intelligence enablement. These focused efforts position Unisys to capitalize on evolving workplace needs and shifting IT consumption upon a solid pipeline of DSS opportunities developed in 2024, Unisys is beginning to see clients and prospects move forward with investments. These agreements are helping the company expand its service reach and strengthen long-term client engagement. In the first quarter of 2025, Unisys signed a contract with a global technology company to support 380,000 devices across 14 countries. Unisys also secured an agreement with a biotech client to provide workplace services for more than 21,000 devices across several the company added two technology partners, Easy Vista and Freshworks, to improve the DWS Alliance ecosystem and strengthen IT Service Management platform capabilities. Going forward, UIS expects DSS signings to increase in the second half of the year, which may support growth in the segment. In the fast-evolving device-as-a-service (DaaS) market, Unisys is competing with established tech giants like HP Inc. HPQ and Dell Technologies Inc. DELL, both of which have made significant inroads with their own subscription-based hardware and lifecycle management DaaS model offers bundled solutions that include analytics-driven fleet management and predictive support, targeting large enterprises seeking operational efficiency and improved user experience. The scale, global logistics and integration with HP's hardware ecosystem give it a strong edge in cost and breadth of APEX and ProSupport services also rival Unisys' DSS with robust endpoint security, automation and hybrid infrastructure capabilities. The company recently deepened its partner ecosystem, much like Unisys did with Freshworks and EasyVista, highlighting the importance of flexibility and Unisys lacks the manufacturing heft of these competitors, its service-centric approach and enterprise customization could give a differentiated niche, especially in highly regulated or multinational environments. Shares of Unisys have gained 22.4% in the past three months compared with the industry's growth of 5%. Image Source: Zacks Investment Research Unisys' current valuation looks promising for investors. The stock is currently trading at a discount compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 5.23X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for UIS' 2025 and 2026 earnings implies a year-over-year uptick of 28.9% and 120.7%, respectively. The earnings estimates for 2025 have remained unchanged in the past 30 days. Image Source: Zacks Investment Research Unisys currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Unisys Corporation (UIS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
The Print
29-05-2025
- Business
- The Print
Progressive Infotech (Workelevate) Recognized in the 2025 Gartner® Magic Quadrant™ for Digital Employee Experience Management Tools
New Delhi [India], May 28: Progressive Infotech (Workelevate) today announced that it has been recognized by Gartner in the Niche Quadrant of the 2025 Magic Quadrant for Digital Employee Experience (DEX) Management Tools, marking its inclusion for the second consecutive year since Gartner started it. Workelevate takes a differentiated approach to DEX by bringing employees into the centre of Digital Workplace (DWP) strategy. Its platform unifies AI IT Copilot, Digital Employee Experience, and Endpoint Management–designed to deliver both high-impact automation for IT teams and intuitive self-service support for employees. 'Being one of the youngest vendors among legacy players and still winning trust from both partners and customers alike speaks volumes,' said Prateek Garg, Founder and Investor of Workelevate. 'Our focus is clear: automate IT support, elevate employee experience, and empower IT teams with full endpoint visibility and compliance–all within one unified platform. As the digital workplace evolves, we believe ITSM will remain the core stack, while adjacent capabilities–like Endpoint Management, Experience Management, Digital Assistants, and Knowledge Automation–will increasingly converge into a single platform. In our view this consolidation is critical to reduce tool sprawl, simplify operations, and create a unified source of truth for both IT and employees. In our view being recognized by Gartner for the second year reinforces our commitment to building for that future–intelligent, integrated, and experience-led.' With growing interest from global enterprises and managed services partners, Workelevate continues to gain traction as a modern alternative to traditional DEX tools. Its ability to deliver rapid value without the need for rip-and-replace makes it a strategic fit for IT teams and service providers looking to drive agility, faster adoption, and measurable end-user impact across hybrid and distributed environments. Workelevate delivers measurable outcomes, including over 60% ticket automation, 30% reduction in services cost, improved asset and patch compliance posture, and return on investment within 100 days of deployment. Gartner, Magic Quadrant for Digital Employee Experience Management Tools, Dan Wilson, Stuart Downes, et al., 26 May 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. (ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Yahoo
31-03-2025
- Business
- Yahoo
Kyndryl Named a Leader in Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services
Placed in the Leaders Quadrant for our Ability to Execute and Completeness of Vision NEW YORK, March 31, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced it has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Outsourced Digital Workplace Services (ODWS). A complimentary copy of the full report is available here. The Gartner Magic Quadrant evaluates vendors based on their Ability to Execute and Completeness of Vision. Kyndryl believes this recognition reflects its significant investments in its Kyndryl Bridge platform, its focus on Experience Level Agreements (XLAs), and its commitment to sustainability solutions. "We believe this validates our 'connected experience' strategy of putting the employee experience linked to customer experience at the center of our digital workplace solutions," said Ivan Dopplé, SVP & Global Practice Leader, Kyndryl Digital Workplace Services. "By leveraging our Kyndryl Bridge platform to deliver data-driven insights, we are delivering tangible business outcomes for our customers." For more information on Kyndryl's Digital Workplace Services. About KyndrylKyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages, and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit Gartner DisclaimerGARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner, Magic Quadrant for Outsourced Digital Workplace Services, , March 31, 2025. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Kyndryl Media Contact:press@ View original content to download multimedia: SOURCE Kyndryl Sign in to access your portfolio
