Zoom, Microsoft, and Slack Just Ramped Up the Battle for Virtual Meeting Supremacy

Since the onset of the pandemic, the adoption of remote communication tools has skyrocketed. Yet even before COVID-19 reared its ugly head, the video conferencing market was gaining steam. It's now expected to climb to $50 billion by 2026, according to a recent report by Global Market Insights.

Three of the biggest players in the virtual meeting space, Zoom Video Communications (NASDAQ: ZM), Slack Technologies (NYSE: WORK), and Microsoft (NASDAQ: MSFT) Teams, all had big product announcements this week. The timing of these updates indicates the intensity of the competition between these leading virtual meeting providers.

Image source: Zoom Video Communications.

Source Fool.com