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Home Business News

Zoom daily users rise by 50% in 3 weeks due to coronavirus outbreak

Chike Olisah by Chike Olisah
April 23, 2020
in Business News, Socio Economic
Zoom

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As the world is trying to grapple with the fallout of the coronavirus pandemic and the effects of lockdowns and restrictions globally, some technology firms are enjoying business boom due to spikes in the usage of their services.

American communications technology giant, Zoom Video Communications Inc, has reported a 50% increase in the daily use of the online meeting application in the past 3 weeks.

According to Bloomberg, the company reported that the number of users of Zoom’s flagship video conferencing app surged from 200 million people on April 1, 2020, to 300 million users on April 21, 2020.

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This was disclosed by the Chief Executive Officer (CEO) of the company, Eric Yuan, on Wednesday, during a webinar that was focused on security.

READ MORE: Coronavirus pits Skype against Zoom, as videoconferencing takes centre stage

The CEO said, “Clearly the Zoom platform is providing an incredibly valuable service to our beloved users during this challenging time. We are thrilled and honoured to continue to earn the trust of so many enterprises, hospitals, teachers and customers throughout the world.”

Zoom daily users rise by 50% in 3 weeks due to coronavirus outbreak

It should be noted that before the coronavirus outbreak, Zoom was basically focused on business communications with about 10 million users globally.

READ ALSO: WHO says Tobacco lobbyists try to manipulate COVID-19 policy making

In Nigeria, the lockdown and social distancing measures have opened up a lot of opportunities in the communications technology sector, as businesses and government institutions now work remotely. A lot of virtual meetings are being held, rather than physical meetings.

Training, seminars, tutorials by educational institutions, and others are held through video conferencing, web conferencing, webinars, and so on.

However, it can be recalled that a few weeks ago, some security concerns were expressed about Zoom’s video conferencing app. The communications technology firm has been trying to provide solutions to it, and reassure investors.


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Tags: Coronavirus pandemicCOVID-19 lockdownNigerian Business NewsTech newsVideo ConferencingZoom
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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