Zoom

Zoom, a globally recognized video communications platform, offers an array of remote conferencing services, including video teleconferencing, online meetings, chat, and mobile collaboration. The company was established in 2011 by Eric Yuan, a former Cisco executive, and is headquartered in San Jose, California, with a worldwide presence. In 2023, Zoom boasts impressive figures, with over 5,000 employees, a revenue of $4.1 billion, a net income of $1 billion, and a market capitalization of $53 billion. Among its product offerings, Zoom Meetings serves as the core product, facilitating video meetings with the capacity to host and attend sessions with up to 1,000 participants. Zoom Rooms is a video conferencing system tailored for businesses, seamlessly integrating with hardware like cameras, microphones, and speakers. Zoom Phone is a cloud-based phone system that allows users to make and receive calls from anywhere globally. Additionally, Zoom Chat offers real-time messaging, while Zoom Video Webinars enable users to host and broadcast webinars to as many as 10,000 attendees. Zoom has significantly impacted the way people work and communicate, enabling individuals to connect and collaborate regardless of their geographical location. The platform played a pivotal role in assisting businesses in transitioning to remote work, especially during the COVID-19 pandemic, facilitating continuity and communication in challenging times. Zoom's unique value proposition lies in its user-friendliness, reliability, and scalability. It is known for being easy to use, catering to both novices and experts, offering a robust and dependable service capable of handling large participant numbers, and being adaptable for businesses of all sizes.

According to the GICS (Global Industry Classification Standard) version of March 2023, Zoom’s industry classification falls within the following categories:

• Sector: Information Technology
• Industry group: Software & Services
• Industry: Software
• Sub-Industry: Application Software