Richard John

The boom in Zoom Video Communication's share price has turned its founder and chief executive Eric Yuan into one of the world's richest people. Yuan, who owns 20% of the company shares, has seen his estimated net worth increase by more than $ 4bn since the Covid-19 crisis started, to $ 7.9bn.

The global video conferencing industry is expected to gain traction during the coronavirus outbreak. As the enterprises and government organizations are considering video conferencing as an ultimate solution to connect with remote workers, customers, and employees; and, at the same time, it prevents direct contact with the people.
There are several factors that have been driving the market growth since the last decade, such as the increasing focus of companies towards the expansion of their businesses in the global market and in the management of the workforce in various subsidiaries. However, the outbreak of the coronavirus has impacted the video conferencing market positively.