360QUADRANTS RELEASES A LIST OF THE BEST PROVIDERS OF VIDEO CONFERENCING SOFTWARE

Published on 11 Aug 2020

Video conferencing software enables hosting live video conferences between two or more participants located in different locations with the help of computer networks that transmit data (in the form of audio, video, or text). This software allows several organizations to operate efficiently by enabling people to work from home. Currently, video conferencing software is being used by businesses of all sizes to remain connected with their global partners and employees. This software also helped increase productivity as well as reduce operational costs.

360Quadrants has released a quadrant on Best video conferencing software to help businesses make quicker and more informed decisions for their business. Ranking Quadrants are generated post-analysis of companies (product portfolios and business strategies) and will be updated every three months based on market and regional analyses and developments in the best video conferencing software industry. 360Quadrants conducts an in-depth SWOT analysis which helps service providers in learning about new opportunities and areas where they lag behind their peers. It also helps clients in choosing the most appropriate vendor for their requirements. 

categorization of video conferencing software providers

30+ companies offering best video conferencing software services were evaluated, of which, 20 companies were shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.

 

Zoom, Skype, Cisco, Microsoft, BlueJeans, TeamViewer, GoToMeeting, join.me, Adobe Connect, UberConference, Whereby, and Lifesize have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy. These vendors have been operational in the Video Conferencing Software market by offering highly customized and easily deployable software for commercial clients. They adopt robust business strategies to achieve growth in the market.

 

Amazon Chime, Biitrix24, Vidyo, and Fuze have been identified as innovators as these companies have an innovative portfolio. These companies have the potential to adopt strong business strategies for their business growth. These vendors have been providing the best Video Conferencing Software offerings as per their customer demands.

 

Oovoo and Rocket.chat have been identified as the emerging players in the Best Video Conferencing Software market. These companies are specialized in offering niche and personalized solutions and services to clients. These companies have also been focused on making acquisitions and improving their sales abilities in numerous regions to offer their integrated services to a wide range of clients.

 

Spike and Gruveo have been recognized as dynamic differentiators as they have a strong portfolio of the Best Video Conferencing Software solutions and services. They also have a widespread network of channel partners and resellers to upsurge the deployment of their services across various verticals.

 

360Quadrants Company Evaluation Methodology

Top Video Conferencing Software companies will be rated using the following methodology:

  1. A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).
  2. A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturity and Company Maturity.
    1. Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.
    2. Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage, or sector footprint.
  3. Approximately 20+ in-depth parameters will be considered for research for the Video Conferencing Software market. These parameters will be updated every six months to ensure the latest developments are taken into consideration.
  4. A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:
    1. Buyers
    2. Industry Experts
    3. 360Quadrants Analysts
    4. Vendors (Competitors)
  5. The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
  6. After the finalization of ratings, each vendor is placed in the most relevant quadrant based on its score.

About 360Quadrants

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields like Video Surveillance Systems, Medical Alert Systems, and Virtual Machine Software.

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