Impact of COVID-19 on Virtual Communication Market


Communication Market Platforms and its Market Outlook

Today’s teamwork involves overcoming the constraints of time and space, allowing stakeholders who could never meet face to face to have meaningful real-time interaction. This means sharing information and facts in real-time, and not just documentation. It involves providing tools so that teams can easily come along with the right skills without much preparation and schedule-checking to address fast-moving business challenges and identify new business opportunities that fade quickly.

The development of various technologies has had a major impact on the adoption of virtual communication market platforms. The innovative use of interactive networking technology and many new developments in brand implementation has been seen by technical advancement companies such as Apple, Google, and Microsoft. The increasing adoption of two-way, internet-based, and telephone-based virtual communication platforms has compelled not only technology companies, but also numerous other businesses in the education, health, and government sectors to respond to advanced developments in virtual communication that are expected to shape the telecommunications sector’s future.

The applications for virtual communications and the impacts of COVID-19 on this vertical can be studied using Global Market Database. It is a cloud-based market research tool that generates a market database across 12 different industries. Global Market Database provides free market data for roughly 600+ markets. The forum serves as a free market research tool for the first five website logins. The changing industry trends and the increased dependence on virtual communication as opposed to direct communication can be studied through Global Market Database.

Global Market for Communication Market Platforms

One of the most valued aspects of any organization is direct communication. Although face-to-face contact is one of the commonly used types of communication, it may be too hard to find a common time for stakeholders to meet, and organizing a meeting in a major company with remote branches will require each person to spend time and money on transport. According to the market database, as COVID-19 began to spread worldwide in February 2020, several businesses have triggered their workers’ no-travel and work-from-home policies. Amid the crises for businesses to conduct regular meetings and communicate with consumers, clients, and staff, virtual communication market platforms that provide audio video conferencing solutions have been proven beneficial.

In their capacity to convey meaningful verbal and non-verbal signs, virtual communication platforms vary. Given the presence of verbal cues, such as voice tones, audio conferencing is a richer means of communication than chatting. However, effective virtual communication still has some common challenges, such as building trust between members of the team. For face-to-face contact, video conferencing is considered the strongest proxy and allows both verbal and non-verbal messages to be transmitted. Market Database indicates, however, that video conferencing for certain activities is still not as productive as face-to-face interaction, and many problems remain in virtual communication, such as the establishment of trust. Communication Market Platforms offers robust solutions that promote an optimistic market outlook.

In comparison to chatting and audio video conferencing provides non-verbal signals that allow feelings and personalization to be shared, which can, in effect, provide a better opportunity for relationship development. Global Market Database allows the end-user to check the potential prospects and opportunities offered by the market. The market research tool studies the shift in line with changing market trends to provide relevant market information. Market Database procured from this market intelligence platform can be used to provide a year-on-year analysis.

The prominent segments within this Audio Video Conferencing Market

To understand the most effective ways of contact between team members, a study was conducted. Market Database suggested that the most productive everyday face-to-face encounters were (93%), accompanied by audio conference calls (90%), video conferencing (84%), and community email messages or chat groups (79%). 62% and 39%, respectively, listed internal and external social media channels. Market research tools like Global Market Database can be used to study the prominent segments within this sector. The change in market outlook and the rapid business recovery can also be studied using this market research tool.

Video call feature offers key advantages are that it increases the interaction of remote workers, boosts team performance, and helps individual employees to be more efficient. Video based collaboration also helps to improve partnerships with consumers and facilitates the sales process. On average, an organization moves between 2-3 separate platform solutions for conferences. It has been recorded that 89% of businesses use multiple channels for video conferencing. Global Market Database can be used by potential marketeers to study the upcoming trends for this sector.

Audio video conferencing, now introduced on 3G and 4G smartphones, is an innovative and growing technology. The two-way synchronous connectivity of sound and vision is an audio video conferencing system. The benefit of the wired and shared workspace has been increased by the development of audio video conferencing equipment. The widespread usage of video conferencing systems across the globe has led to the fact that corporations invite more than 50% of their communications to associates, organizations, and customers outside their frameworks, which has introduced a new challenge for service providers to make the most of a range of hardware and service requirements. Market Database suggests that be more competitive on a low-end and constant scale to a high-end 4 K standard, 38% of the new digital native population (18-29 years of age) have adopted mobile video collaboration, enabling video service providers to enhance their service frameworks. The Communication market platforms and its increased market penetration across several domains bolster its growth. Communication market platforms and their applications are hereafter expected to increase owing to the advent of the pandemic. This is a result of a reduction in long distance travel and subsequent increase in work from home which is anticipated to change the working pattern across the global market. Global Market Database can be used to study the same.

Upcoming market trends for the communication platforms market:

In the times of COVID-19 pandemic, the world is facing currently, video conferencing has allowed large global virtual teams to depend on high-quality face-to-face interactions with their teams from their home office every day. More than 77% of workers made a desktop or laptop video call, and 31% used a smartphone, demonstrating the need to connect from anywhere, at any time.

Market research tools state that millennials have become the largest generation in the workforce. Nearly two-thirds of people aged 18-29 and 30-44 use audio video conferencing for work. Skype is the first interaction and use of the platform for audio video conferencing. Market research tools indicate that although both 30-44 and 45-60-year-olds started with conventional online conferencing systems, millennials are far more commonly distributed via modern cloud video networking platforms in the industry. Global Market Database can be used to study the geographic and the regional change in market dynamics across several industrial segments. Market research tool provides a structured market research report which hereby helps investors identify the high growth markets.

Millennials and others who have worked on Internet-connected laptops and mobile phones have put greater focus on technology for video conferencing. Market research tools suggest that a better balance of the flexible working habits of the new digital workforce, companies have begun to look for creative ways to attract the best talent and to emphasize video communication environments.