According to a Global Market Insights report, the global video conferencing market is estimated to grow more than 10% annually to $20 billion by 2024. The growth is driven by continued globalization of organizations and the adoption of remote workplaces by organizations. Recently, Zoom, a Billion Dollar Unicorn in the industry, announced its plans to go public. Zoom Video Communications' Offerings San Jose, California-based Zoom Video Communications was founded in 2011 by WebEx founding engineer Eric Yuan. After WebEx was acquired in 2007 for $3.2 billion, he stayed on as its Corporate Vice President of Engineering at Cisco. By 2011, though, he was getting frustrated with the way Cisco was managing WebEx. Cisco was focused on selling expensive, complex teleconferencing hardware, and was not moving fast enough to reconfigure the underlying systems behind its meeting software to meet the new demands created by the rise of smartphones in the workplace. He saw how WebEx customers
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