Its been just over two months since, and Zoom is already trading at around $110 at the time of writing. Zoom usage statistics reveal that the platform had 300 million daily meeting participants at one point in time. If more people decide to do more remote work in the future, that's a pointer to one thing. About 80% of employees state that work-from-home arrangement, supported by video conferencing tools, has boosted their work satisfaction. 47% of them saw some reduction in travel costs due to video conferencing. 73% of people work on other things during video meetings. All rights reserved, Video Conferencing Market Size and Growth Statistics. Those who continued to seek new additions did so in non-traditional ways. 2020 kicked off a dramatically increased need for video conferencing across all industries and businesses large and small. With the variety of video conferencing tools present today, there are several tools to choose from. Zoom, for instance, requires 3-4 Mbps for smooth video calls in 1080p, depending on the number of meeting attendees. In July 2021, Zoom also had 156 customers spending over $1 million a year, an increase of 77% since 2020. Some video conferencing services have begun integrating AR and VR features to boost further the appeal of, After all, if theres one key takeaway from all these. 9 out of 10 people are in a daydream while the conference is going on. 47% of business travels decreased due to video conferencing. Well, a bit of everything, really. Before then, people didnt need to have a meeting online. You had to travel down there to close a sale with someone or an organization in other countries. Zooms Q1 2022 quarterly report revealed that the companys breakneck growth has finally subsided. Be that as it may, it seems that the visual aspect of meetings is seemingly here to stay. From 2015-2018 live video chat usage with businesses and brands grew by 233%. , as one person can join multiple meetings in a single day. It is one of the best ways to save time and money. Creating Local Server From Public Address Professional Gaming Can Build Career CSS Properties You Should Know The Psychology Price How Design for Printing Key Expect Future. From this statistic by Global Market Insights, it is evident that the video conferencing market is here to stay. Zoom, one of the most popular of the videoconferencing platforms, increased thirtyfold as the use of its service from December 2019 to March 2020 jumped from 10 million daily users to 300 million daily users [ 3, 4 ]. Revenues still rose year on year but just by 12%, reaching $1.07 billion. Now companies can meet, conclude deals, and finish contracts using video conferencing. Although Zoom is still very much the dominant. In the second quarter of 2022, there were 36.47 million downloads in the Asia-Pacific region. will keep growing at a CAGR of over 10%, reaching, . Now, businesses can leverage these apps for more productivity. The global video conferencing revenue in 2028 is projected at $9.95 billion. (Vox 2021) Before the pandemic, usage of video communication at work increased 48% between 2017-2019. looks bright78% of big companies say they use video calling software, and more (up to 83%) are planning on it, too. It's pretty difficult to point out the best among these tools since their ratings are inconsistent. The Video Conferencing Equipment market research report provides in-depth information about the data analyzed and interpreted during the course of this research by using the figures, graphs, pie charts, tables and bar graphs. The market isnt doing too great at the momentat least in terms of stock prices. 38% of the employees aged 18-29 use mobiles phone for video conferencing at work. In short, video conferencing is not going anywhere. 51% of the video collaborations are more relevant to their work than enterprise collaboration platforms. Required fields are marked *. Everyone began to look up to the online space for saving. Meeting participants can use LG's preinstalled One:Quick Remote Meeting application or install Webex, Zoom and Teams using the shortcuts conveniently located on the onscreen launcher. Remote work is on the rise. 57% of Canadians under the age of 25 devote more than an hour a day to video conferencing platforms. 37% of the US video conferences have agendas. But this reduction is very insignificant. It remains to be seen whether itll reach the $143.30 forecast by the end of this year or the beginning of the next. As per the Survey, 48% of the business professionals use video conferencing more frequently than in previous years. All in all, each of us generates an average of 49.8 GB of IP traffic every month. A few decades ago, being able to call a friend and not only hear their voice but also see their face was nothing more than a dream. If you haven't already adopted video conferencing, you're probably thinking about it. The projected value of the worldwide video conferencing market in 2021 was $6.03 billion Zoom is the #1 video meeting app for teams General Video Conferencing Statistics 2023 Video conferencing has improved communication for up to 99% of people. Zoom is one of the video conferencing software that became most used during the lockdown. Web conferences are a great way to make your business more mobile-friendly and adaptability. 83% of organizations with over 250 employees are likely to buy video calling platforms. What is the market size of the Teleconferencing and Video Conferencing industry? FINANCES, 1. Some 36% would even choose permanent remote work instead of getting a salary raise. Up to 90% of respondents say getting their point across is much easier with video than with a conference call due to enhanced communication when you are able to see the other participants. This is the Communication Platform as a Service Market (CPaaS). Here, well look at how many users each of them has attractedand how much they make. 24 April 2021 / blog.webex.com / 4 min read 18 video conferencing statistics for 2021. Some 77% of users utilize teleconferences for large group meetings, while 62% do the same to communicate with partners and customers. You do need a decent internet connection, though. Process, Privacy software for multiple purposesto catch up with a friend, take an online class, attend a party, have a work-related meeting, or even find a job. The state of video conferencing 2022. among casual users worldwide, thats not necessarily the case in the corporate world. This is what employees see as the most challenging meetings, according to virtual event statistics: The benefits of video conferencing are primarily in cutting the travel, venue, and staff costs for companies, which more than offsets any costs for high-quality video conferencing software. Its number of iPhone users alone increased by 30 times the number in 2019. Fun fact: Although people in 41 countries prefer Teams, Zoom wins the battle, being the favorite video conferencing solution in 44 nations. By doing this, they can save $11,000 on average annually. 35% of the businesses reduced half of their business travels average in a year. Policy, 17 Must-See Video Conferencing Statistics for 2022. The. Since the pandemic, the rate of Zoom downloads has skyrocketed higher than the developers ever thought. And by 2025, remote work will have taken over the entire workspace. Ground: Adelaide OvalDate: 09/04/2021Richmond: Goal: 11 | Behind: 11 | Total: 77Port Adelaide: Goal: 11 | Behind: 13 | Total: 79Dustin Martin Statistics:Kick. The way people meet and work has changed tremendously. It's happening already. Well, a bit of everything, really. At the start of the pandemic, external hiring of new employees fell by 82%. Imagine how much development a company with 30 remote workers can achieve. International businessmen claim that teleconferencing was of great help to them during the lockdown. (, North America has the highest video conferencing revenue share with over 39%. The forecast for 2028 says the revenue is expected to reach $9.95 billion. In a survey carried out during the lockdown in 2020, 70% of the respondents preferred remote work. The optimal number of attendees is 10 and anything higher than that increases virtual fatigue. References-. Video conferencing market stats show that in the component area, the on-premise segment with a revenue share of over 59% dominated. According to video conferencing use statistics, this type of communication is common for both one-on-one (80%) and team meetings (78%). According to Owl Labs, Skype is the second best. 4.5% consider 1:1 meetings the most difficult. Our technology has improved the accessibility and ease of Video Conferencing. However, the previous 3-5 years are where we see the biggest jump in usage. 80% of employees use video calling for 1:1 meetings. Video Conferencing Statistics: Usage and Trends 2022. Some 77.2% of businesses are planning on using video meetings as support, and for B2B organizers it is one of the most important tools. The rise of video conferencing software has opened a world of infinite possibilities. This is why the country contributes an enormous 39% of the industry. Market size includes the total revenues of public and private companies. show that it is not only meetings within remote colleagues and teams that use this medium anymore, but entire events are now done virtually and remotely or using a hybrid model where part of the audience is physically present, with the rest attending a video conference. Moreover, 44.94% argued that any session that doesnt include presentations nor require screen sharing should be an audio call instead. This practice became popular when companies tried to recruit tech employees during the COVID-19 pandemic. Gartner, 7. Today, we take video calls for granted. Telepresence Video Conferencing System: Multiple screens or monitors are used to make everyone feel like they're joining the meeting in person. All in all, each of us generates. Rather than pouring so much into the office space, it would be better to develop their online space. This trend is clearly reflected in recent video conferencing statistics. The rise in remote work led to an increase of screen time, by one estimate up to 40% of an individual's waking hours. market size (value and volume 2017-2021, and forecast to 2030) that admires each country concerned in the competitive marketplace. You can do almost anything from almost anywhere in the world. The Lifesize Icon 500 was designed with flexibility in mind to bring 4K video and 4K content sharing to a wide range of meeting room sizes. In 1994, it was released on Windows, too. Weve heard it right from the horses mouth. Ground: MCGDate: 24/04/2021Richmond: Goal: 6 | Behind: 12 | Total: 48Melbourne: Goal: 12 | Behind: 10 | Total: 82Dustin Martin Statistics:Kicks: 4Marks: 0Han. 89% of the representative said that video conferences reduce time to complete projects. However, the narrative changed in 2020, when the world got hit by the deadly COVID 19 pandemic. One:Quick Works supports a variety of video conferencing and collaboration apps to give users more ways to make the most of their meetings. As a result, the major market players are focusing on developing offerings that can cater to the needs of multinational enterprises. You can join Google meetings from Cisco devices and Webex meetings from Google devices such as the Chromebase and Chromebook. Industry Trends. at an unprecedented rate, dwindling to a shell of its former self. During the lockdown, the first to maximize it were these prominent organizations. as a whole has mostly reached its limits for the time being. In other words, unless you live in a remote place, far from civilization, your chances of meeting the minimum internet speed for video conferencing are good. Some 75% of employees are in fact completing other work tasks. The video conference market size in 2021 is estimated at $4.66 billion, video conference statistics indicate. For starters, 37% of US employees have never done a video call at work. This statistic is not surprising as some of the world's giant organizations are in North America. 31% of the people use a smartphone for connecting to video conference. Desktop conferencing endpoints From this statistic, its obvious the practice of using video conferencing for interviews has come to stay. Around 76% of employees use video for remote work and up to 75% report increased productivity and an overall betterment in balancing life and work. And these funds can be invested elsewhere. Its clear now that a huge number of jobs are transferable online. 78% of businesses use to facilitate team meetings. This website uses cookies to improve your experience. The 2020 boom saw 129 million Zoom downloads in Q2 2020 for Asia-Pacific, 113 million for the Americas, and finally, almost 89 million for Europe, the Middle East, and Africa combined. 72% of Canadians consider video conferencing to be an excellent alternative to human interaction. Video conferencing statistics show that: 45% of teams use video calling tools daily or weekly. In general, the video conferencing is nothing but a real time visual communication session between one or more users irrespective of their . The company held a market share of almost 50 percent at that time generating almost 230. 54% of corporate meetings were held virtually in 2020. Microsofts attention has clearly shifted towards Teams now, though the company said itd keep supporting Skype for now. That choice of words makes us think it will eventually pull the plug. 32 Best No Code Tools 2023 (App Development and Automation), 9 Best Cheap Dedicated Servers for 2023 (Compared). For instance, it added over 800 new features, vastly improving usability. Its popularity did not end with the lockdown. From the cloud and AI all the way to the increasing popularity of e-learning platforms like. show. 17. 88% of the most substantial appetite for live video amongst millennials. (, One in three employees think they have too many online meetings (, North America had the highest revenue share of over 39% in 2020 and dominated the market absolutely. 18. Many even attested to having never tried it out until then. Virtual conferencing has proven key to managing companies remotely and the advances in the industry have been miraculous. American companies held 220 million video meetings in a year. Video conferencing statistics are clear, the surge caused by the pandemic is slowing down but is unlikely to completely stop. More than 80% of the business professionals use video conferencing notified as a 1:1 ratio. Thats a near-must when working from homeso we at. Although this was not easy considering their size, it saved them from significant losses. can see why customers gravitated to other platforms. More than 51% of the employees take work from home on Video calls. About half of the respondents (50.2%) are sending messages, 19.5% are checking their social media, and 12.5% are reading the news. Around 76% of employees use video for remote work and up to 75% report increased productivity and an overall betterment in balancing life and work, virtual meeting statistics indicate. Bloomberg, 8. Losing one or two will hardly be fatalplus, were sure more will crop up right away, hopefully having learned from their predecessors mistakes. Policy, Cookie Now here we are in 2022, and there's no doubt that video conferencing is here to stay. 21% of the video calls occur while they are in Vacation. If you remember, March 2020 was the highlight of the pandemic. (, The number of downloads of conferencing platforms dropped by 58% in 2021. (in terms of revenue among business customers) has gone up to about 30%, slightly surpassing Zoom. Video Conferencing 18 video conferencing statistics for 2021 Webex Team Remote work is on the rise. This allows them to save as much as $2,000 on average. In the second quarter of 2021, Zoom's valuation even exceeded $100 billion. If you didnt know before, the video conferencing market is only a fraction of a much bigger market. With this, you should find the one that suits your needs. The time spent in meetings isnt the same for everyone. Over 30,000 clients trusted our premium WordPress themes. All Right Reserved. We'll assume you're ok with this, but you can opt-out if you wish. Regardless, Zoom is on track to make $4.4 billion in 2022, which means it could end the year with a 7% increase in annual revenue. As the video conferencing market grows, the CPaaS market is bound to keep growing as well. Skype used to be the premier audio and video calling service a decade ago. The Verge, 16. Video conferencing is sure better than traveling miles through traffic to work. 51% of businesses think that video conferencing is an innovative idea. Zoom, 6. We love to share resources on Video Marketing and YouTube with our readers. Video conferencing software features are essentially the same between the two plans, with the ability to create custom meeting URLs, schedule recurring meetings, and integrate with productivity. Check out the Video Conferencing Statistics and see video conference impact on Workforce. Video Conferencing Market was valued at USD 4.58 Billion in 2021, and it is expected to reach USD 9.06 Billion by 2029, exhibiting a CAGR of 8.9% during the forecast period (2022-2029) Videotelephony is the two-way or multipoint receiving and transmission of audio and video signals by persons in various places for real-time communication. Fun fact: 82% of all consumer internet traffic is actually people watching videosYouTube, Tiktok, streaming, you name it. Forbes, 14. All in all, the average office employee spends 31 hours a month attending meetings in one format or another. You do need a decent internet connection, though. The history of video conferencing began in the early 20th century when AT&T and Bell Labs came up with various devices capable of transmitting not only audio but video, too. In the first year of lockdowns, Zoom generated $2.65 billiona fourfold boost compared to 2019. Zoom generated $4 billion revenue in 2021, a 53% increase year-on-year Zoom was one of the fastest growing apps of the pandemic; meeting participants increased by 2900% It had 191,000 enterprise customers in 2021 Zoom's valuation exceeded $100 billion during the pandemic, a 383% increase on its value in January 2020 Zoom overview Zoom revenue Conversely, 47% perceive Monday as the worst day for meetings, while 40% choose Friday as the worst day Workers of all ages and industries consider arriving late to a meeting as the biggest 'taboo.' But if you do want to see a previous years data you can find the pages in the 'View past results here . 90% of employees find it more comfortable to communicate with each other via video. It's properly assembled Conference 10 since this level is restricted to 10 meeting participants. Other activities people report doing during meetings include: Virtual fatigue has emerged as the new undeniable phenomenon as most workers list that as the number one challenge, according to video conferencing statistics during coronavirus. They also feel more productive in 89% of cases as they finish tasks quicker. It appears organizations enjoy video conferencing software more than others. In the past two years quarterly revenue grew by 600% looking back to July 2019 when it was $146 million. After all, if theres one key takeaway from all these video conferencing statistics, its that most companies use more than one platform. TechTarget, 4. At the time, there was so much buzz surrounding this. As a matter of fact, we expect it to keep growing in the foreseeable future. In one survey, 32% of respondents said they preferred working from home because it made their schedule flexible. Only a small percentage of the world knew about its potential. And yet it wasnt until COVID-19 struck that video conferencing became truly commonplace. Bloomberg, 17. Apart from this, students had to vacate the school premises, and religious centers had to close down. Before then, people didn't need to have a meeting online. This represents an increase of 6.83% looking at the quarter before that which brought in $956.2 million, according to Zoom. Improves communication The video conferencing industry boom has forever changed the way things are done and most companies dont even plan on reverting to their pre-pandemic ways. Read more. 2022, Codeless, Inc. will lose much popularitytheyre simply too convenient. Contrary to what many may think, video conferencing usage stats show during meetings employees dont multitask so much doing something fun. And it hasnt proven false yet. Further, the study also caters and provides in-depth statistics about the crucial elements of Video Conferencing which includes drivers . The COVID 19 pandemic in 2020 saw the birth of video conferencing platforms. 40% of the employees waste their 30 minutes searching for meeting space. Microsoft Teams market share (in terms of revenue among business customers) has gone up to about 30%, slightly surpassing Zoom. If youre using cable internet, 4G, or 5G, you should be fine. Teams initially announced that it had 75 million daily active users but later started using the same metric as Zoom. students to interact with organisations by looking at the use of ICT. These statistics highlight the steady increase in video conferencing into what we now in the world of modern business. stats show that in the component area, the on-premise segment with a revenue share of over 59% dominated. Up to 98% of people reported having better relationships on and off work due to access to video calls. Other video conferencing tools that have ranked well are Lifesize, Cisco WebEx, and GoToMeeting. Huddersfield New College is considering installing a video. There are many other things that working remotely takes out of the picture. It not only had, , but it also had no less than eight million. Some of them even claim its more productive. Even sadderthats after the 70% pandemic-induced boost. The official National Hockey League web site includes features, news, rosters, statistics, schedules, teams, live game radio broadcasts, and video clips. Increased employee productivity. 10 reasons to use video conferencing. The least use of video conferencing was for communication with clients. 31% of the employees report that video communication helps them to connect with the client and partners easily. It not only had several hundred million users, but it also had no less than eight million paying subscribers. Save my name, email, and website in this browser for the next time I comment. The following year, the numbers are half of that, looking at the Q1 results across all regions according to Zoom statistics. Video conferencing, also known as web conferencing, is a way for people in your organization to communicate through a video-supported platform on a computer, smart device, or telecollaboration tool. And then, video conferencing will rule. Why We Picked It. The future of video conferencing looks bright78% of big companies say they use video calling software, and more (up to 83%) are planning on it, too. In the meantime heres to hoping this method of remote communication gets more fun as gamification and AI enter the picture. 90% of North American businesses are likely to spend more on video conferencing in 2022. 22% of the represent record the video and share recaps more effectively. ZD Net, 15. Weekly Freebies and special offers, *More than 30,000 clients around the world trusted our work :). Back in 2019, this figure barely reached 10 million. concerning Zooms rivals suggest that some of them arent too far behind. Benefits of Video Conferencing Software Statistics, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window). Research has shown that the most use of video conferencing is personal meetings. You may think its a relatively recent invention, but it isnt. conferencing system in the ICT department. A whopping 46% said they'd resign if their companies stopped letting them work from home. Whats behind this boost? Video conferencing is still on the rise as we speak. In U.S. video conferencing market, the small room application segment . (, Our screen time increased to 40% of waking hours during the pandemic. As of now, the number of Microsoft Teams users has gone way higher than that. This report is the only place you'll get 8 years of video marketing statistics trend data. 1. Specifically, 80% of video conferencing is for individual meetings. the report " video conferencing market by component (hardware, solutions, and services), application (corporate communication, training and development, and marketing and client engagement), deployment mode, vertical, and region - global forecast to 2026", size is expected to grow from usd 9.2 billion in 2021 to usd 22.5 billion by 2026, at a The forecast for 2028 says the revenue is expected to reach $9.95 billion. This statistic by Dell supports the one above. 22% of people using video conferencing in business record the video to share the recap with those who did and didn't attend the conference. Of those who have, though, nearly half spend just under four hours a week in meetings, and more than a third of them invest 4-12 hours in online conferences. It will only take a while before conference calls go into extinction. In the second quarter of 2022, there were 36.47 million downloads in the Asia-Pacific region. They were also able to experience first-hand the benefits of remote work. . Statistics from Upwork predicts that 36.2 million Americans will be working remotely by 2025. Its value both personally and professionally is major. Cisco Systems Webex was once the go-to software for corporate video calls. 25% of the represents aged between 18-29 years reported that they use Video conferences daily for work. What started back in 2020 as a needs must solution was quickly embraced to become sully set on an unstoppable growth path. Your email address will not be published. While the years 2020/2021 certainly brought it more into the spotlight - it had been growing long before that point. Up to 98% of people reported having better relationships on and off work due to access to video calls. Before the emergence of video conferencing tools, doing business was hard. In another survey by Trust Radius, 57% of businesspeople claimed they could do better when they moved their work remotely. (TrueList) The Asia Pacific market for video conferencing is expected to witness a CAGR of over 14.0% through 2030 with the adoption of new work styles across regional businesses. A 19% CAGR is a positive growth rate. Besides, 3 billion minutes of video meetings are held on the platform each day. Top 8 Recording Software for Video Conferencing [2021 Updated] 1. Over 90% of the information given on meeting in the brain is visual. Admittedly, the solution was lacking in features compared to up-and-coming alternativescan you believe it didnt offer virtual backgrounds? This flexibility eliminates various time barriers, such as commute times or travel to and from conference rooms. 22% say the most significant benefit for them is not having to commute. Back in 2019, this figure barely reached 10 million. People wondered how these giant CPaaS organizations were able to do it. Video Conferencing has become quite excited for the both enterprise and consumer world. The use of videoconferencing platforms exploded in spring 2020. Video conferencing statistics show that it is not only meetings within remote colleagues and teams that use this medium anymore, but entire events are now done virtually and remotely or using a hybrid model where part of the audience is physically present, with the rest attending a video conference. With many mergers and acquisitions happening fast, some of the major names holding the biggest video and web conferencing market share are: Aside from the need for protection that pushed the industry years ahead, other contributing factors to video conferencing growth are the global business operations, teams being gathered from all around the world, and the rising use of remote workers. Laptops, cell phones, and computers with high-end cameras, microphones, and speakers contribute to video conferencing expansion. The benefits of video conferencing are primarily in cutting the travel, venue, and staff costs for companies, which more than offsets any costs for. While this is different from what Global Market Insights predicts, they both point to one thing. All of these would have been impossible without video conferencing apps. In France, it was downloaded 22 more times than it ever was. (, Up to 90% of employees multitask during meetings. Its clear now that a huge number of jobs are transferable online. Zoom reported annual revenue of $4.1 billion in 2021. began in the early 20th century when AT&T and Bell Labs came up with various devices capable of transmitting not only audio but video, too. We are involved in Video Marketing, in that, we determine which videos are to the point and can be established and suggest ways to produce them in a manner that is appealing and engaging to the target audience thereby generating a positive impact. Some 36% would even choose permanent remote work instead of getting a salary raise. We've seen improvements in the use of Zoom and Microsoft Teams. When it comes to the end-user category, the corporate segment had the highest revenue share of 28%. Comparing Q2 of 2020 and 2021, there is a noticeable drop in downloads, be it because everyone already has video conferencing and, from the needs-must situation in the prior year or the easing up of global measures but, the number that counted 479 million downloads in Q2 2020, had fallen to about 200 million a year later, according to, The following year, the numbers are half of that, looking at the Q1 results across all regions according to. 41% of business professionals believe that companies are more engaged with the employees. By component, the U.S. video conferencing market was valued at US$ 2.1 billion in 2021. Regardless, Zoom is on track to make $4.4 billion in 2022, which means it could end the year with a 7% increase in annual revenue. 2. Video conferencing statistics also show that video conferencing has become an essential part of any workplace, remote working or on-site, with many companies reporting better communication, increased productivity, and shorter turnover times among teams . During the first two months of the 2020 lockdown, the video conferencing industry saw a 500% increase. It's not surprising since the Asia Pacific contains highly populated countries like China. In 2021, the global video conferencing market was worth 14.6 billion U.S. dollars. It's no wonder that Zoom was one of the fastest-growing apps during the pandemic. For many businesses, the lockdown was an eye-opening time. An example is Zoom, where you can enable studio effects and apply them to all your meetings. If all they have to do is through video conferencing, they can cut down on several other costs. in a bid to indicate that it measures up to its competitor quite well. Worst of all, the price of a call was $1,000 per hour. 94% of businesses say that video conferencing gives more productivity. FaceTime is free for anyone with an iPhone, Zoom is free for the first 40 minutes (and then you can just call again), and there are also Skype, Facebook Messenger, and a bunch of other apps. All in all, the average office employee spends. 94% of businesses say that video conferencing gives more productivity. From 2021 to 2027, the region was also predicted to grow at a CAGR of 17.8%, which is almost that of the whole market. However, the best thing to do before settling for any of these tools is carry out in-depth research. But two of them decided late last year to cooperate instead of fight. At the time, many organizations had discovered there were advanced video tools that could aid their remote work. suggest that Skype helps around 40 million people around the world to stay connected with others. The countries observed were the US, Canada, the UK, Germany, China, India, Japan, and Brazil. The closures and remote working have sped up digital communications by an average of six years across all industries, according to. For starters, 37% of US employees have never done a video call at work. Statistics further revealed that they employed video conferencing tools to communicate with their colleagues and clients concerning their business. 31 to 60 minutes are notified as average meeting length. This is all thanks to video conferencing tools. Thats nearly $17 per minute! That said, analysts predicted theyd rebound by up to 65% over the 12 months that followand it appears that they may have been right. Large group meetings also recorded a whopping 77% usage. Many executives have reconsidered their office investment plans after witnessing how much they can save through remote work. Video Conferencing. Zoom boasts 300 million daily meeting participants. The second place is reserved for checking emails with 68.3%. has skyrocketed during the past two years and the time we are spending in front of screens has almost doubled. Voluminous Video Conferencing Stats (Editor's Choice): Skype had 40 million daily users at the peak of the pandemic. The sharp rise in remote work is reflected in video conferencing statistics for 2021, which revealed that 55% of companies permitted their employees to work remotely, and 30% of employees were working remotely full-time. Top 10 Facts About The Smartphone CPU Market Share, 15+ GoFundMe Statistics to Restore Your Faith in Humanity. IDC recently reported that organisations are planning to increase spending on conferencing solutions by more than 20% . Even though many have now returned to the office, its unlikely that online video calls will lose much popularitytheyre simply too convenient. The latters rise has been mainly at the cost of Webexs decline, which has plummeted from 24% to 13% since 2019. 35% of the people are aged 55 do video chatting for work related queries. Even though Zoom is still the leading platform, it appears that the. After several improvements, the industry has produced high-tech software like Zoom, Microsoft Teams, Skype, Slack, etc. Some video conferencing apps now have augmented reality options. Up to 66% of executives believe video and real-time communication is paramount for their daily communication. Your email address will not be published. The Detailed Market intelligence report on the Video Conferencing Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to . My. Bloomberg, 11+ Volunteering Statistics To Appeal to Your Charitable Nature, 17 Super Bowl Advertisement Stats to Get the Ball Flying, 15 Global Travel Industry Statistics to Explore in 2022, Review This allows the employee to become more productive. Skype had 40 million daily users at the peak of the pandemic. 15% of the represents which use video conference daily for work are aged between 45 to 60. The number rose to 17 million active users in that year alone. Nearly 80% of employees participate in video conferences through their laptops or desktop computers (Medium, 2020). Subway Surfers Revenue and Usage Statistics (2022) Minecraft Revenue and Player Statistics (2022) Call of Duty: Mobile Revenue and Usage Statistics (2022) You are here: Home App Download Statistics (2022) video-conferencing-apps-mau-growth video-conferencing-apps-mau-growth by MMR Admin July 30, 2021, 2:26 pm 1.5k Views Written by MMR Admin 6. However, video calls werent always this affordable. But two of them decided late last year to cooperate instead of fight. As it is, the average enterprise uses not one, but four paid video conferencing apps. Plus a video conference endpoint requires three very important additional items: a microphone, a speaker, and a display. However, the benefits of remote working outweigh the losses, especially with the right video conferencing tools. Even though many have now returned to the office, its unlikely that. As per the survey, 55% of the companies agree who use video conferencing are more collaborative. Cisco was the leading vendor for video conferencing equipment worldwide in the second quarter of 2020. Sill many types of meetings number more than 10, video conferencing usage statistics show. Analysts expect the market to grow to an estimated $9.7 billion in 2022. How Can You Benefit From These Video Conferencing Statistics? Bloomberg, 9. Other challenges include: Video conferencing is more difficult than an in-person meeting or a phone call as the cognitive load is higher due to the lack of the nonverbal cues we pick up and show in person. in the workplace and also holding discussions with local employers. And the most remarkable growth was in Italy, where it recorded 55 times more downloads. Almost 9 in 10 employees say that video conferences lessen the time it takes to finish their tasks, leading to operational savings. Video conferencing is more difficult than an in-person meeting or a phone call as the cognitive load is higher due to the lack of the nonverbal cues we pick up and show in person. It wasnt until 1992 that a student from Cornell University developed the CU-SeeMe application for Macintosh OS. And we see their pointthe majority of participants dont even turn their cameras on during meetings anyway. This trend is clearly reflected in recent video conferencing statistics . The Verge, 12. Nov 15, 2022. Video conferencing performs 30% better than audio-only setups for communication. By 2024, research projects that the video conferencing industry will be worth US$20 billion. This made downloads easier and open to every user. Fun fact: Zooms stock price went from $559 in October 2020 to just $182 by the end of 2021. Slack and BigBlueButton follow this in third and fourth place, respectively. With growing need to stay in touch with and manage distributed workforces, organizations have greatly ramped their use of video conferencing solutions. Many organizations now use video conferencing tools for employee interviews. show another 75% of savings can be attributed to using cloud-based video instead of hardware. Every day, an average of 3 million users sign up on Google Meet. The COVID-19 pandemic allowed many business executives to taste what doing business from home would be like. Video calling has come a long way in just a few years, not in small part because of the coronavirus. Otherwise, its perfectly fine. Before the pandemic, the number of remote workers was 87% lower than it is now. The use of video conferencing tools may have been reduced after the lockdown was eased. 11% also claimed they were able to spend more time with their family. Cisco Systems Webex was once the go-to software for corporate video calls. Check out our report on Video and Web Conferencing Software Statistics for 2022. 9. Zoho Meeting. Nowadays, many videos of conferencing software are freely available. However, startups that were wise enough to relocate online were able to cut down their losses. Compared to traditional video conferencing equipment, cloud-based services can cover a wider variety of people. (Trust Radius) The Covid-19 pandemic may have brought video conferencing software to the spotlight. The lockdown was a blessing in disguise for these companies. Skype used to be the premier audio and video calling service a decade ago. The countries observed were the US, Canada, the UK, Germany, China, India, Japan, and Brazil. Microsoft Teams, the video conferencing app by Microsoft, also saw an increase in its users. Now, its more than 80% down from its peak, with its market cap falling to a measly $30 billion. 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