Facebook has announced that Workplace, its communication and collaboration service for companies, will work with Portal devices, which so far have been marketed for consumers, competing with the likes of Zoom and Skype, CNBC reports.
Trade Facebook Inc. - FB CFD
People who own a Portal and use Workplace in the office will be able to combine the two to make video calls to colleagues.
The videoconferencing space has received positive attention this year, following Zoom’s IPO, which rocketed the company up to a $21 billion market cap.
Global Market Insights expects the market to reach $20 billion in revenue by 2024.
Workplace already allows for video chat within the app on a smartphone or computer.
Workplace and Portal are two newer products of Facebook’s portfolio.
They’re part of the payments and other fees business segment, which accounted for less than 2% of total revenue in the latest quarter.
Photo: Ink Drop/Shutterstock