Zoom is easy enough to use for both individual and group meetings. Video conferencing for up to 100 people for 40 minutes is free, but the app has a lot of interesting paid additions.
How does Zoom app work?
Each of us has used video communication at least once for work, study, conversations with friends, and more. First of all, video meeting helps students and schoolchildren who study remotely due to the coronavirus pandemic. Also, many employees have to carry out their duties from home due to a number of restrictions. Previously, the first thing people thought of when they heard the word “video-conferencing” was Skype, but now it has many competitors, one of which is the Zoom App. Explore the information on who owns Zoom, how it works and how it makes money below, and then you can see the success of its popularity.
When did Zoom come from and who owns it?
Of course, before learning how this application works, it is best to understand how the idea for its creation came about and how it was implemented. If you are interested in where did Zoom come from and when it was created, it happened in 2011 by engineer Eric Yuan, but a number of other events contributed to this.
Eric came to the US in 1997 from China and joined WebEx – a web and video conferencing application, becoming one of twenty software engineers. 10 years later Cisco acquired WebEx and Yuan became VP of Engineering.
After a while, he began to notice that the product had some drawbacks: first, if many people logged into the same conference, the connection became bad and it was very difficult to work; secondly, the quality of sound and video was poor; and thirdly there was no screening function. Also, every time users log into WebEx, the system had to identify the users’ product version, which significantly slowed down the process.
Eric tried to solve these problems and came up with a new idea, but it was rejected, so he left Cisco to start his own company. Interesting fact, but 40 other Cisco engineers followed him.
At first, things were not going as good as it was expected, as the market already had a large number of competitors. However, Subrah Iya (former WebEx CEO) believed in Eric and set aside $ 3 million to fund his product. You are probably interested in which Company owns the Zoom app? This is Zoom Video Communications, Inc., which was formed by Eric Yuan a year after funding.
Zoom continued to evolve: initially it allowed 15 people to be in one meeting, but in 2015 that number grew to 25. Zoom eliminated the problems Eric was trying to solve initially, so now Zoom works well with all devices and allows 100 participants to be in one meeting for free. Of course, this product has a success and is now used by people all over the world. In 2020, Zoom had over 200 million users using the program every day.
How does Zoom work?
Zoom is fairly easy to use as it is a cloud-based Saas app for video conferencing and other virtual communication which allows for convenient group meetings and personal meetings. Its advantage is that it has both a mobile app and a dekstop app. Whether you use Android or IPhone, Zoom is available to everyone.
This application has a number of interesting advantages: for example, you can hold an individual or group meeting, record it, turn on the video, turn the microphone on or off. Also you can use a screen sharing, chat and even create polls. Thus, it does not matter whether you use Zoom for business meetings, studying or other needs – in any case, it will have a huge functionality and meet all your desires and needs.
How does Zoom make money?
As already mentioned, Zoom is available to everyone as it is free to use. However, the app has some limitations and a premium package that gives you access to more features. For example, free use allows 100 users to videoconference for 40 minutes, while the premium option allows a meeting with 10,000 participants. So let’s focus on how Zoom makes money.
- Chats and meetings.
Zoom offers both free and paid Zoom Meetings, which have some significant differences. The free version is called Zoom Basic and allows an unlimited number of one-on-one meetings of up to 40 minutes for 100 or fewer participants. The following three types of packages are paid. Zoom Pro is suitable for small groups of people and offers unlimited group meetings of up to 100 people with 1 GB recording and social media streaming. It costs $ 149.90 per year or $ 14.90 per Month. Zoom Business is suitable for small to medium sized businesses and offers meetings for up to 300 people with single sign-on and company branding. It also has branded email templates and cloud recording transcripts. It costs $ 199.90 per year or $ 19.99 per month. There is also Zoom United Business which includes all the features of Zoom United Pro and Zoom Enterprise which includes all the features of a business and more.
- Workspaces and rooms
If you want to host a big meeting this is the best option, however it requires an additional paid subscription. If you want to use this software-based conferencing system you will need to pay $ 499 per year.
- Zoom Video Webinars
Although Zoom Video Webinars is similar to Zoom Meetings, it only allows visitors to view the live video. Thus, the host controls the video he shows, however, participants can chat and ask questions. Webinar license costs from $ 14.99 per month to $ 64.900 per year, depending on the number of participants.
- Zoom Phone
Zoom Phone lets you access fast calls without video, however it’s also not free and costs $ 14.99 per month. Zoom Phone has many cool features like call recording, messaging, voicemails, call blocking, secure HD audio and more.