Video Conferencing Market to hit $75 billion by 2027, Says Global Market Insights Inc.


Major video conferencing market participants include Google, Adobe Systems, Avaya, BlueJeans Network, Cisco Systems, LogMeIn, Citrix Systems, Fuze, Highfive, Microsoft Corporation, Premiere Global Services, Huawei Technologies, KOLLECTIVE, Lifesize, MediaPlatform, Pexip, Polycom, ReadyTalk, uStudio, Zoom Video Communication, Vbrick, and Vidyo Inc.

The video conferencing market is expected to surpass USD 75 billion by 2027, as reported in a research study by Global Market Insights Inc. The ease of use and the pandemic-induced remote working are some of the factors propelling the industry demand.

The increase in outsourcing managed services for IT infrastructure will propel the video conferencing market growth. Many companies are hiring third-party companies to maintain IT services required in the organization including video-conferencing management. It also includes professional consulting services such as operations planning and user training & system recommendations. The managed services include remote solution monitoring, end-to-end ticket resolution, and technical video management. The corporates are also opting for such services as they offer customized video management solutions that include on-site staffing for several infrastructural issues faced by clients.

Request for a sample of this research report @

The increasing use of video conferencing technology in the government sector will propel the industry growth. The video conferencing software providers offer a dedicated ecosystem to government bodies to conduct secured virtual meetings and discuss confidential information. The utilization of these platforms suddenly increased with travel restrictions imposed due to the COVID-19 outbreak, resulting in authorities conducting virtual meetings to establish reforms & conduct national level meetings for running the regular operations in the country. Video conferencing solutions help the government to reduce the overall operational cost and also conduct remote training sessions of different stakeholders.

The growing work from home culture in Europe will offer growth opportunities to the video conferencing industry. Several companies are offering permanent work from home options to their employees, particularly after the pandemic. The remote working model has encouraged companies to opt for secure video conferencing solutions for training and meetings. In Europe, according the weforum, the work from home population before & after the virus outbreak changed from around 5% to 12.1%. Finland accounted for the highest share of approximately 25% and Ireland & Luxembourg both accounted for 20% of all individuals working remotely.

Browse key industry insights spread across 280 pages with 530 market data tables and 39 figures & charts from the report,Video Conferencing Market Size By Component (Hardware [Multipoint Control Unit (MCU), Codecs, Peripheral Devices], Software [On-Premise, Cloud], Service [Professional, Managed]), By Type (Room-Based, Telepresence, Desktop), By Application (Corporate Enterprise, Education, Government, Healthcare), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027 in detail along with the table of contents:

Some of the major findings of the video conferencing market report are:

  • The market will witness significant growth on account of the integration of advanced technologies, such as AI, IoT, and machine learning, with the application, resulting in improved facial recognition, audio-video quality, virtual background, automated note taking, chat box, and active noise cancellation, thus creating a better user experience.
  • The increasing smartphone penetration globally will boost the video conferencing market. With multiple players entering the smartphone industry, the competition has increased, leading to lower prices of such devices with all the necessary features.
  • The evolving healthcare sector is fueling the demand for video conferencing technology. With the increasing adoption of online consulting for regular medical check-ups, individuals can receive proper medicinal support from the comfort of their homes, thereby saving both money and time.
  • The growing adoption of cloud-based video conferencing solutions will propel the market growth as there is no requirement of high-end audio-video equipment for conducting video conferencing sessions, thereby saving the overall cost.
  • The growing focus on the developing IT infrastructure in several countries will support the market growth. Government authorities are encouraging companies to invest in building the necessary set-up and create a digital transformation across the region.

Key players operating in the video conferencing market include Google, Adobe Systems, Avaya, BlueJeans Network, Cisco Systems, LogMeIn, Citrix Systems, Fuze, Highfive, Microsoft Corporation, Premiere Global Services, Huawei Technologies, KOLLECTIVE, Lifesize, MediaPlatform, Pexip, Polycom, ReadyTalk, uStudio, Zoom Video Communication, Vbrick and Vidyo.


Triple Cherry secures new slots partnership with 888

Reading Time: < 1 minute


Triple Cherry, the Spanish video slots provider, is delighted to announce a new partnership with 888, one of the world’s leading online betting and gaming companies, to launch its leading slot content on 888casino.

The partnership will see 888casino host a selection of Triple Cherry’s premium slots titles which have a diverse range of features, graphics and sounds, providing players with an enriching and exciting gaming experience. This includes fan favourites such as Mega Chef, Monsters Fear Bullets and Thunder Rock. This adds to 888casino’s existing portfolio of industry-leading games and content.

Juan Antonio, CEO of Triple Cherry, said: “We are very excited to be partnering with 888, one of the world’s leading online betting and gaming companies. Making our range of quality games available to 888casino customers is a major milestone for our business and will give us further momentum for expansion.

Talya Benyamini, VP B2C Casino at 888, commented: “We are excited to be partnering with Triple Cherry to strengthen our product offering for our casino customers. Triple Cherry’s exciting and dynamic slots titles will add to our existing portfolio of casino games, helping us to continue delivering on our commitment to offering an entertaining and varied gaming experience for players. We look forward to building on this partnership in thefuture.”


Bitt Develops Africa’s First CBDC


eNaira, the Bitt-developed central bank digital currency (CBDC), has officially rolled out in Nigeria. Citizens and residents of Nigeria are now the first on the continent of Africa to use a legal tender digital currency for their daily financial transactions.

Bitt is very excited to be entering the African CBDC market as the Central Bank of Nigeria’s Technology Partner. Bitt’s market-proven Digital Currency Management System (DCMS) is currently licensed by national financial institutions in six countries across Central America and the CaribbeanNigeria is a sophisticated economy which operates on a modern infrastructure. Bitt’s DCMS fulfilled CBN’s criteria for technological competence, efficiency, platform security, interoperability, and implementation experience.

CEO of Bitt, Brian Popelka, “We are elated to have developed, tested and deployed the eNaira monetary infrastructure in record time. Today’s launch is an exceptional achievement for both the CBN and Bitt teams. We look forward to continued partnership on this CBDC deployment journey and to provide additional features to expand eNaira’s value to all Nigerians.”

Bitt is driven by the empowerment of people through providing accessible, low-cost, and real-time payments; and supporting the digitization of economies. Bitt’s DCMS could lower infrastructure cost and improve the access and user experience of receiving and sending money, thereby promoting financial inclusion throughout Nigeria. Furthermore, the eNaira has been designed to promote local innovation, leveraging Nigeria’s world-class FinTech talent.

Bitt’s DCMS is a production-ready digital currency infrastructure that enables central banks and financial institutions to efficiently deploy their own digital currency. Bitt’s DCMS plugs into the underlying transaction network of choice, such as Hyperledger Fabric (used in the implementations of DCash in the Eastern Caribbean Currency Union and the eNaira in Nigeria), and Stellar (to be presented at the 2021 Singapore Fintech Festival).


iSoftBet launches customisable Jackpot Tool to take brands to the next level

Reading Time: 2 minutes


iSoftBet has launched Jackpot Tool, its flagship, data-driven, customisable player engagement solution that operators can tailor and apply to over 8,000 games including 150 top-performing iSoftBet titles to elevate engagement campaigns and enhance the player experience.

iSoftBet recently carried out comprehensive qualitative market research, focused on real money player focus groups seeking opinions on how engagement tools fit into existing gameplay today, and how they enhance the user experience.

It concluded that two main areas should be highlighted by providers: the value of a customised offering and giving players a choice.

Jackpot Tool enables operators to stand out in a highly competitive market, reduce internal investment, set budget controls and analyse player data to monitor and optimise performance thanks to its comprehensive back office. Jackpot Tool gives operators unlimited flexibility, improving gaming experiences for visible results.

Using the tool iSoftBet customers can create and configure any type of jackpot for any customer requirement. This ranges from progressive, multi-level and VIP to promotional and time and/or event based as well as include a host of configurable triggers and settings including hot jackpots, player targeting, cross licensee and much more.

During phase one of launch iSoftBet’s Jackpot Tool has proven to significantly boost player engagement generating 35% more spins on games with the tool compared to games without, while it also saw a 350% uplift in bets and 150% increase in active players.

Andrew Bonnici, Chief Product Officer, iSoftBet, said: “Creating great games is no longer enough. Today’s players demand amazing experiences and our new customisable Jackpot Tool, alongside our suite of advanced player engagement solutions, significantly elevates and enhances operator offerings and the customer experience.

“With players’ behaviour in mind, we have created a series of easy to integrate, customised solutions that present both choice and added value, keeping the players engaged and providing them with the experiences they want.”

Jackpot Tool is one of many iSoftBet player engagement solutions that includes Tournaments, Achievements, Free Rounds and Real-Time Data solutions.


S&P Global Platts Launches First Global Suite Methanol Bunker Fuel Price Assessments


S&P Global Platts (“Platts”), the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced the launch of two new daily methanol bunker fuel price assessments reflecting the value of methanol used as a marine fuel at the ports of Singapore and Houston, effective October 25, 2021.

Methanol is one of a number of alternative marine fuels available to the global shipping industry. The addition of two major hub ports in Asia and the United States Gulf Coast follows the launch of Platts’ first-in-market Europe methanol bunker fuel assessment delivered Rotterdam on September 27, 2021 and broadens the offering globally.

Stergios Zacharakis, Head of Global Methanol Pricing, S&P Global Platts said: “Methanol has seen growing demand for use as a marine fuel, on the back of an increased build-out in vessels and related activities at major bunkering hubs around the world. Our new assessments and associated cost comparisons provide new transparency to market participants in the methanol value chain as well as the bunker community as the shipping sector seeks to mitigate greenhouse gas emissions and demand cleaner marine fuels.”

Both new daily assessments will be published on a delivered basis in $/mt at 4:30pm local time in Singapore and 1:30pm local time in Houston. Assessments for both regions will reflect the cost of spot methanol, delivery from terminal to barge and delivery to the receiving vessel. The Singapore assessment will also include storage costs in line with the pricing dynamics of the Southeast Asia methanol market.

In addition, from October 25, 2021, Platts will publish methanol bunker fuel calculations converted to LNG and oil energy content equivalents, enabling comparison with other marine fuels. Platts will also publish daily cost comparisons for alternative marine fuels, reflecting the calorific value comparison of methanol bunker fuel, LNG bunker fuel, marine fuel oil and marine gasoil.


Kikitrade & Animoca Brands deepen Strategic Partnership to Bridge CeFi and GameFi Universe


Social investment platform Kikitrade today announced that Animoca Brands has increased its shareholding in Kikitrade to become the second-largest shareholder following Kikitrade’s plan to widen its participation in the decentralized blockchain gaming (GameFi) and non-fungible token (NFT) market.

The recent upsurge in GameFi, also known as play-to-earn (P2E) games, has dominated the blockchain market over the past several quarters. Blockchain games like Axie Infinity, NBA Top Shot and The Sandbox have quickly become killer applications of blockchain technology with powerful adoption. Kikitrade’s superior in-app community provides a comprehensive platform for GameFi players, investors and traders to connect, while also serving as a bridge between GameFi and the centralized finance (CeFi) world.

“We are excited to deepen our partnership with Kikitrade, and we see this collaboration as a significant step toward the open metaverse,” commented Yat Siu, the Executive Chairman and Co-founder of Animoca Brands. “Together with Kikitrade, we aim to further develop GameFi player education and build an accessible GameFi ecosystem for beginners.”

Through this cooperation, both Kikitrade and Animoca Brands will promote newly launched and upcoming GameFi projects by providing comprehensive financial infrastructure to a mass audience and incubating. Kikitrade will establish GameFi Studio in the near future to accelerate the development of GameFi and NFT market.

Sean Tao, Co-founder and CEO of Kikitrade, said, “The Kikitrade and Animoca Brands partnership is a turning point for enabling mass adoption of GameFi. With its social capabilities, Kikitrade will create an educational platform that connects GameFi players and CeFi users – on one hand streamlining GameFi players’ ability to monetize their gaming experience, while on the other hand introducing CeFi users to the GameFi ecosystem.”


Yggdrasil lights up the stars with ReelPlay in Hypernova 10K Ways™

Reading Time: < 1 minute


Yggdrasil, the leading worldwide publisher of online gambling content, has embarked on a dramatic interstellar journey in partnership with ReelPlay.

Hypernova 10K Ways sees explosive reactions taking place in outer space, with the six-reel hit offering 10,000 ways to win. Each win causes a chain reaction, that can see addition wins occur, in a form of cascading wins popularised around the industry.

Bonus Respins are triggered when six or more Scatters appear on the reels, granting players three respins. The Hold and Win style bonus mode sees symbols remain sticky on the reels, with every successful spin resetting the count.

Each Scatter symbol that lands will award a prize or bonus prize, with a special Platinum bonus awarding 2,000x a player’s stake.

The intergalactic adventure is yet another ReelPlay addition to the YG Masters program, which continues to go from strength to strength, recently releasing Gems Infinity Reels through the initiative.

The game is powered by GATI, Yggdrasil’s state-of-the-art technology which enables partners to employ the preconfigured, regulation-ready, standardised development toolkit to produce consistently cutting-edge content followed by rapid distribution.

Stuart McCarthy, Head of Product and Programs at Yggdrasil, said:Hypernova 10K Ways is another innovative addition to the YG Masters program by ReelPlay and we’re very excited to be able to offer it across our partner network.

“We’ve got a particularly strong working relationship with ReelPlay and we can’t wait to see how this product performs.”

David Johnson, CEO at ReelPlay, said: “We’re proud to launch Hypernova 10K Ways. With explosive tumbling wins and a bonus round with huge win potential, this fresh engine design is underscored by our proven and trusted Hypernova series IP.”



Azerion Acquires PubGalaxy and Inskin Media

Reading Time: < 1 minute


Gaming advertising firm Azerion has acquired digital monetization platform PubGalaxy and digital ad agency Inskin Media.

Following the recent buyout of French ad agency Sublime, Azerion has continued on its expansion and consolidation plans buying a further two European agencies.

Headquartered in Sofia, PubGalaxy is to assist Azerion with its monetization strategies and facilitate partnerships between publishers and advertisers. Azerion hopes the partnership will give its publishers access to cost-effective and bespoke monetization deals.

The decade-old firm started out as a digital publisher before developing into an ad revenue optimization platform that has a strong track record in managing high-value clients.

“As a historical digital publisher, our teams know the publishing industry inside out. Some of the biggest publishers have already entrusted us with their monetization strategies, as we strive to devise the most effective ways to maximize their ad revenues,” Ivan Ivanov, CEO of PubGalaxy, said.


BETER has added yet more events with AI tournaments

Reading Time: 2 minutes


Sports and esports betting provider BETER has added yet another string to its bow with the arrival of Virtual eComp Artificial Intelligence esports tournaments, which include cyber football and cyber basketball matches and chalk up 1m total views every month. With this new addition, BETER now provides live streaming, live data and odds for 4,500 events per month for sportsbooks.

Virtual eComp_Football involves 3,000+ fast, thrilling virtual football matches every month. These matches are held on weekdays between 5:00 am – 7:00 pm (UTC) and last for 12+ minutes. Customers can place bets on up to 10 markets per match.

Virtual eComp_Basketball is an enthralling tournament, featuring gripping AI vs AI matches that are bound to have bettors on the edge of their seats and offer them an immersive, realistic experience. Cyber Basketball — 24/7/365 tournaments that fill sportsbook’s free airtime with 1,500+ events per month. Each game has four 8-minute quarters and allows bets on up to 18 markets per event.

“AI tournaments are a fantastic solution for sportsbooks. They ensure stable margins and revenue growth for our clients, full integrity and with many matches on offer, the fun never stops with Virtual eComp matches.

AI tournaments are organised in strict accordance with these tournaments’ policies of transparency and fairness, which makes our products safe and trustworthy”, says Gal Ehrlich, CEO of BETER

What’s more, BETER’s in-house trading team compiles BETER Live Data to ensure that end users can take advantage of the widest possible selection of markets and odds for each and every Virtual eComp event. With Virtual eComp_Football (Soccer) and Virtual eComp_Basketball tournaments, BETER’s clients can count on stable 10% margins and predictable revenue growth.

BETER has been powering 8 different sports and esports disciplines of the Setka Cup, ESportsBattle, and Asia Pro League and making their content ‘beterable’, i.e., providing live streaming, live data, and odds for these tournaments since 2018. They also price up local and international esports tournaments and offer in-play and pre-match trading with instant bet settlement. BETER makes more than 25,000 events per month ‘beterable’.


Golden Hero introduces a trick or treat in Jewel Race Halloween

Reading Time: < 1 minute


This Halloween, Golden Hero has something extra special cooking up for you.
One of their most popular games has been dressed up in the spookiest way to give you a real trick or treat.
Jewel Race first saw the day in March 2018 and quickly became a favourite among players wanting to win. The game is fast paced and has an extreme hit rate that will dish out winnings on a regular basis to its players. 3 years down the line its loyal players still keep coming back for more. Jewel Race is a catchy real money game flirting with casual games. The game is a 6 by 6 symbol matching grid game with a Free Spins Feature, taking players on a quest to recover hidden riches by collecting matching jewels.
A year and a half after the original game was released a sequel entered the market where the game was transformed into a Winter Wonderland and this Halloween, Jewel Race has moved into a haunted house filled with bats, pumpkins, cauldrons and scary eyes. Keep a close watch on the Wild mirrors and the Scatter eyes for bigger treats.
Game play and features Jewel Race Halloween is a 6-row, 6-column matching symbol game with a Free Spins Feature. Get 3 or more consecutive symbols to win. Winning combinations are removed, making the remaining symbols collapse downwards and new ones drop
down to fill the gaps. As long as symbols on the board collapse the Win Multiplier is increased.