From Nasdaq: 2024-05-14 11:32:00

Google’s parent company, Alphabet, is partnering with Hewlett Packard to bring its advanced 3D video conferencing technology, Project Starline, to the commercial market by 2025. This collaboration will enhance workplace video conferencing experiences, bringing life-size participants together with eye contact and depth perception, fostering authentic interactions in hybrid environments.

The global video conferencing market is projected to reach $33.04 billion in 2024 and $60.2 billion by 2032, with a CAGR of 7.8%. Alphabet’s integration of Project Starline will boost its Google Meet capabilities and Google Cloud segment, enhancing overall financial performance in 2024 and beyond. The company’s shares have already seen a substantial growth of 21.1% this year.

Alphabet’s partnership with Hewlett Packard also positions it to compete effectively with industry giants like Microsoft and NVIDIA in the 3D video conferencing space. By leveraging advanced technologies and strategic collaborations, Alphabet is poised to capitalize on the rising demand for immersive virtual meeting environments, providing innovative solutions for the future of hybrid work arrangements.



Read more at Nasdaq: Alphabet (GOOGL) to Commercialize Project Starline With HP Deal