ZOOM

Zoom will launch a new feature early in the following year that will enable users to be more effective 

Zoom Video Communications Inc., the company behind the popular video conferencing app, is adding a new feature to its suite of tools that will allow users to collaboratively edit documents, similar to Google Docs. The feature, called Zoom Docs, is expected to be available in Zoom next year and will compete with Microsoft Corp.'s Teams, which also offers document editing and collaboration.

Why is Zoom adding document editing to its platform?

Zoom is adding document editing to its platform as part of its strategy to expand its offerings beyond video meetings and provide a wider range of business tools for its customers. Zoom hopes that adding document editing, will enhance the user experience and increase the engagement and productivity of its users. Zoom is also facing stiff competition from Microsoft's Teams, which is the market leader in the communication and collaboration software space. Teams offers not only video meetings, but also document editing, chat, email, calendar, and other tools that are integrated with Microsoft's Office 365 suite. Teams have more than 250 million monthly active users, while Zoom has about 170 million.

How will Zoom Docs affect the market and the users?

Zoom Docs is expected to be a significant addition to Zoom's platform and a potential challenge to Microsoft Teams. Zoom Docs will likely attract more users who are looking for a simple and seamless way to create and collaborate on documents within Zoom. Zoom Docs will also likely enhance the value proposition of Zoom's platform and increase its revenue potential. However, Zoom Docs will also face some challenges and limitations. For one thing, Zoom Docs will have to compete with other established and popular document editing tools, such as Google Docs, which has more than a billion users. For another thing, Zoom Docs will have to overcome some technical and security issues, such as ensuring the compatibility and functionality of documents across different devices and browsers and protecting the privacy and data of users.