Many businesses took a big blow during the lockdown. People wondered how these giant CPaaS organizations were able to do it. The optimal number of attendees is 10 and anything higher than that increases virtual fatigue. The rise of video conferencing apps led to increased demand for several related apps. In the meantime heres to hoping this method of remote communication gets more fun as gamification and AI enter the picture. According to video conferencing use statistics, this type of communication is common for both one-on-one (80%) and team meetings (78%). Alas, more recent video conferencing stats suggest that Skype helps around 40 million people around the world to stay connected with others. If youre using cable internet, 4G, or 5G, you should be fine. doesnt quite compare to that of other leading platforms, but its not insignificant. Zooms Q1 2022 quarterly report revealed that the companys breakneck growth has finally subsided. In October 2021, Microsoft Teams surpassed Zoom as the leading corporate video conferencing platform. Stats on virtual meetings have shown that an overwhelming majority (89%) of respondents believe that video conferences speed up project completion times. The latters rise has been mainly at the cost of Webexs decline, which has plummeted from 24% to 13% since 2019. The countries observed were the US, Canada, the UK, Germany, China, India, Japan, and Brazil. When it comes to the end-user category, the corporate segment had the highest revenue share of 28%. 2020 kicked off a dramatically increased need for video conferencing across all industries and businesses large and small. Therefore, we dont know how many individual users Zoom has. 72% of employees remark that telecommunications in their work have a high impact on employee retention. Microsoft Teams key statistics Microsoft Teams reached 270 million users in 2022, up from 145 million it reported in 2021 From March to June 2020, Microsoft Teams noticed 894% growth, more than Zoom ( Aternity) Over one million organisations use Microsoft Teams as their default messaging platform Microsoft Teams overview Microsoft Teams users According to UC Today, conferencing solutions has assisted organizations to save travel expenditures by roughly 30%, and 92% of B2B marketers employ such solutions in their core activities in the face of the COVID-19 pandemic. Video Conferencing Market is valued at USD 4.70 Billion in 2021 and expected to reach USD 10.20 Billion by 2028 with a CAGR of 11.7% over the forecast period.. As it is, the average enterprise uses not one, but, Yet a survey found that 82.9% of US employees see no reason why every meeting should be a. by default. 65% of the video meeting solutions users will take advantage of VoIP based conferencing embedded in meeting platforms by 2022. Its value both personally and professionally is major. 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 . A video conferencing endpoint requires a codec such as an H.264 or H.263 codec. An example is Zoom, where you can enable studio effects and apply them to all your meetings. Back in 2019, this figure barely reached 10 million. These above Video Conferencing Statistics will reveal how businesses were getting more productivity with less time. Not only was it enormous (it took up a whole room), but it also cost a quarter of a million dollars to install. In a survey carried out during the lockdown in 2020, 70% of the respondents preferred remote work. 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. Also, since remote work is growing, video conferencing is bound to grow. This statistic is accurate because people are still working remotely two years after the lockdown. For instance, it added over 800 new features, vastly improving usability. In 2020, Meet reached 100 million daily meeting participants, which represents a 300% growth compared to pre-pandemic levels. Worst of all, the price of a call was $1,000 per hour. Lockdowns amid the Covid-19 pandemic have caused the boom in conferencing business and even as the protective measures are loosening up and the vaccine is rolled out, the market is still expected to grow. However, they were forced to adopt the technology due to the circumstances. The COVID 19 pandemic in 2020 saw the birth of video conferencing platforms. The forecast for 2028 says the revenue is expected to reach $9.95 billion. However, its important to note that participants don't equal users, as one person can join multiple meetings in a single day. The countries observed were the US, Canada, the UK, Germany, China, India, Japan, and Brazil. The Verge, 12. show another 75% of savings can be attributed to using cloud-based video instead of hardware. 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. Some 75% of employees are in fact completing other work tasks. 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 ]. There'll be more downloads, and developers will strive to always be at the top of their game. Laptops, cell phones, and computers with high-end cameras, microphones, and speakers contribute to video conferencing expansion. 3. You can join Google meetings from Cisco devices and Webex meetings from Google devices such as the Chromebase and Chromebook. Statistics from Upwork predicts that 36.2 million Americans will be working remotely by 2025. Companies like Apple, Amazon, Microsoft, and META were the first to use these video conferencing tools. is quite more sophisticated than four decades ago, so you dont need to invest your life savings to run it. 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. Only a small percentage of the world knew about its potential. As of 2021, the global video conferencing market is worth $14.6 billion dollars, according to Statista. Accept Read More, Smart Tips to Improve Your Multilingual OTT Services. Even though Zoom is still the leading platform, it appears that the. 2021 is a seminal year for the meeting room. Why is Korean Content in High Demand for Video Email Marketing: Effective Ways to Up Your Video Email Marketing Game, Video Ad Fraud: Everything You Need to Know, Advanced Ways to Promote Your YouTube Channel and Videos, Top 10 Best Ways to Watch French Movies Online For Free, Top 10 Best Ways to Watch German Movies Online For Free. 75% of CEOS say that video conference calls will entirely replace audio-only conference calls. Video conferencing platforms should offer strong encryption, data compliance, and advanced privacy settingsso you can keep your data secure and avoid unwanted "video-bombers." AI Assistant The more sophisticated video conferencing solutions on the market offer AI-powered features that help make your meetings more productive. Video conferencing has become a core facet of the year 2020, enabling organizations to communicate, family and friends to stay connected, and even for medical practitioners to assess their patients. Statistics from Trust Radius show that 67% of organizations claimed they would invest more in video conferencing in 2021. Market size includes the total revenues of public and private companies. General Zoom and Video Conferencing Statistics 1. One:Quick Works supports a variety of video conferencing and collaboration apps to give users more ways to make the most of their meetings. Some 77% of users utilize teleconferences for large group meetings, while 62% do the same to communicate with partners and customers. Lifesize 2019 Impact of Video Conferencing Report, Video conferencing has improved communication for up to 99% of people, 90% of video call users find it easier to get their point across if they are seen, 65% of all video calls are done with audio-only, Up to 51% of people see businesses that use video conferencing as more innovative, The projected value of the worldwide video conferencing market in 2021 was $6.03 billion, Zoom is the #1 video meeting app for teams. show. It has become an integral part of everyday business. Nov 15, 2022. The time spent in meetings isnt the same for everyone. Considering its productivity, more organizations will keep joining the train. The official National Hockey League web site includes features, news, rosters, statistics, schedules, teams, live game radio broadcasts, and video clips. Zoom, 6. That said, Webex has done its best to reclaim its share of the market. Video Conferencing Software: video conferencing tools and apps. 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 . 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. However, video calls werent always this affordable. Some video conferencing apps now have augmented reality options. 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. to find out how the most popular platforms are doing and how we expect them to perform in the future. Experts think it is possible considering the market adoption statistics. (, Our screen time increased to 40% of waking hours during the pandemic. Sill many types of meetings number more than 10, show. Required fields are marked *. 88% of the most substantial appetite for live video amongst millennials. They didnt have to travel to complete business transactions. Zoho Meeting. You can also test-run every tool you wish to use. The global video conferencing revenue in 2028 is projected at $9.95 billion. Whats behind this boost? Although Zoom is still very much the dominant. Video Conferencing Market: Demand Analysis & Opportunity Outlook 2030 . While they are really easy to create, you often need a little extra to Is affiliate marketing a pyramid scheme? 63% of the expected video impact will work on augmented reality and. Fun fact: Zooms stock price went from $559 in October 2020 to just $182 by the end of 2021. Video Conferencing. Its popularity did not end with the lockdown. Although this was not easy considering their size, it saved them from significant losses. Desktop Video Conferencing System: All the video conferencing hardware and software is built-in to a computer or laptop. Since then, it has rapidly grown into one of the more . Zoom wasnt the only video conferencing platform that benefited from the lockdown. 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. Video Conferencing. It's properly assembled Conference 10 since this level is restricted to 10 meeting participants. The market isnt doing too great at the momentat least in terms of stock prices. 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. As businesses reorganise their office space in preparation of a return of staff, meeting rooms are being re-designed, re-fitted and prepared for working life in a post-pandemic world. In the second quarter of 2022, there were 36.47 million downloads in the Asia-Pacific region. The latters rise has been mainly at the cost of Webexs decline, which has plummeted from 24% to 13% since 2019. prefer Teams, Zoom wins the battle, being the favorite video conferencing solution in 44 nations. 90% of employees find it more comfortable to communicate with each other via video. remains dominant, its share prices dropped from $568.34 in 2020 to just $89.74 in May 2022. expanded rapidly starting in 2020, which led to increased revenues for the main players in the field. During the same year, the company gained 634 large enterprise clients. TechTarget, 4. The rise of video conferencing software has opened a world of infinite possibilities. It is one of the best ways to save time and money. 80% of employees use video calling for 1:1 meetings. Admittedly, the solution was lacking in features compared to up-and-coming alternativescan you believe it didnt offer virtual backgrounds? point to Cisco as the leader with nearly 50% of market share in 2020, and just under $230 million in revenue. Today, we take video calls for granted. . 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. is estimated to be 11.4% from 2021 to 2028. This will hopefully enable. (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. At the start of the pandemic, external hiring of new employees fell by 82%. You must have been wondering how well the Tech giant performed. At one point in 2020, the web conferencing platform boasted a valuation of $158.99 billion. The hardware component had the highest share with 47% in video web conferencing statistics 2020. We love to share resources on Video Marketing and YouTube with our readers. If the market grows as predicted, by 2026, there'll be lots of advancements flying around the industry. Video communications at work increased 48% of the represents. In other words, unless you live in a remote place, far from civilization, your chances of meeting the minimum, Fun fact: 82% of all consumer internet traffic is actually people watching videosYouTube, Tiktok, streaming, you name 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. But if you do want to see a previous years data you can find the pages in the 'View past results here . Research has shown that the most use of video conferencing is personal meetings. Otherwise, its perfectly fine. (TMCnet) 5. This is the Communication Platform as a Service Market (CPaaS). . In fact, about 86% of companies did some (or all) of their hiring through video calls during the pandemic, and 85% continued to use video conferencing for onboarding their new employees. 31 to 60 minutes are notified as average meeting length. 47% of them saw some reduction in travel costs due to video conferencing. Video conferencing statistics are clear, the surge caused by the pandemic is slowing down but is unlikely to completely stop. It was arguably the COVID-19 pandemic that made Zoom a household name, and brought "zooming" into the cultural zeitgeist. 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. American companies held 220 million video meetings in a year. Web conferences are a great way to make your business more mobile-friendly and adaptability. 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. 69% of people expect that video communication is more equally and important as voice-based assistance. American businesses use over 11 million meetings in a day. In the same survey, 25% said they loved being able to work from anywhere. Zoho Meeting and its secure video conferencing begins at $2.50 per month at its basic level, a well-disposed cost for desperate independent companies. Video conferencing capabilities enable employees to work remotely -- whether from home, a coffee shop, a library or another location other than the office. 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. 79% of workers agree that video conferencing is as effective as physical meetings. How Can You Benefit From These Video Conferencing Statistics? However, when the pandemic started. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Join more than 10.000 Subscribers. More companies in North America later followed their steps, and more are still adopting these tools. The North American video conferencing market held a revenue share of approximately 39.0% in 2021 due to the higher adoption rate in the region. 73% of people work on other things during video meetings. Edit videos with thousands of resources and templates. During the first two months of the 2020 lockdown, the video conferencing industry saw a 500% increase. Businesses saw more productivity in their everyday work. Customers that pay over 100,000 have spiked by 131% since July 2020. It not only had, , but it also had no less than eight million. Fun fact: Although people in 41 countries prefer Teams, Zoom wins the battle, being the favorite video conferencing solution in 44 nations. And its effects had started to take a toll on many businesses across the globe. Large group meetings also recorded a whopping 77% usage. Nowadays, many videos of conferencing software are freely available. It would have been very difficult or impossible for any organization to work remotely without these tools. 61% of Canadians have two or more video conference meetings every day. Voluminous Video Conferencing Stats (Editor's Choice): Skype had 40 million daily users at the peak of the pandemic. My. 11% also claimed they were able to spend more time with their family. It remains to be seen whether itll reach the $143.30 forecast by the end of this year or the beginning of the next. Increased employee productivity. 25% of the represents aged between 18-29 years reported that they use Video conferences daily for work. International businessmen claim that teleconferencing was of great help to them during the lockdown. Bloomberg, 10. The benefits of video conferencing are primarily in cutting the travel, venue, and staff costs for companies, which more than offsets any costs for. In short, video conferencing is not going anywhere. What comes as a surprise to all remotely working mothers is that only 9% report being interrupted because of child care. Some of them even claim its more productive. Over 90% of the information given on meeting in the brain is visual. Now, its more than 80% down from its peak, with its market cap falling to a measly $30 billion. After the pandemic, many business owners have reported using video conferencing to monitor their employees worldwide. attending meetings in one format or another. In 2021, that technology continued to grow not only in how much it's used, but in what it can do. IDC recently reported that organisations are planning to increase spending on conferencing solutions by more than 20% . 37% of the US video conferences have agendas. Everyone began to look up to the online space for saving. However, the most shocking group is the 4.73% who video conference for 20 hours or more every week. This made downloads easier and open to every user. What is the market size of the Teleconferencing and Video Conferencing industry? 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. According to Owl Labs, Skype is the second best. will lose much popularitytheyre simply too convenient. Contact me at +91 8374573956 Email : info @ reelnreel.com. Google Meet and Cisco Webex are now interoperable, meaning you can use either platform on either companys hardware. With many of its employees working remotely and communicating through video conferencing, this is a piece of cake. (Lifesize 2019) The video conferencing market is estimated at $7.9 billion in 2021. looks bright78% of big companies say they use video calling software, and more (up to 83%) are planning on it, too. Some 36% would even choose permanent remote work instead of getting a salary raise. 89% of users say that video conferences help them feel connected. In 2020, Meet reached 100 million daily meeting participants, which represents a 300% growth compared to pre-pandemic levels. 9 out of 10 people are in a daydream while the conference is going on. About half of the respondents (50.2%) are sending messages, 19.5% are checking their social media, and 12.5% are reading the news. Nowadays, a person uses video conferencing 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. This trend is clearly reflected in recent video conferencing statistics . 6. Almost 47% of video conference users have significantly reduced their business travel costs. It was the first desktop program to support video conferencing. Introducing video meetings with business improves 50% more productivity. boom has forever changed the way things are done and most companies dont even plan on reverting to their pre-pandemic ways. As is usual in the tech field, there are a few prominent companies that dominate the video conferencing sphere. 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. TechTarget, 5. 35% of the businesses reduced half of their business travels average in a year. Cisco Systems Webex was once the go-to software for corporate video calls. 57% of Canadians under the age of 25 devote more than an hour a day to video conferencing platforms. Businesses, investors, and shareholders will pull their resources into it. 2. It also requires a network connection that supports multimedia such as an H.323 or H.320 connection to IP or ISDN lines. In the first year of lockdowns, Zoom generated $2.65 billiona fourfold boost compared to 2019. Teams initially announced that it had 75 million daily active users but later started using the same metric as Zoom. This practice became popular when companies tried to recruit tech employees during the COVID-19 pandemic. It appears organizations enjoy video conferencing software more than others. Before the pandemic, the number of remote workers was 87% lower than it is now. Ground: MCGDate: 24/04/2021Richmond: Goal: 6 | Behind: 12 | Total: 48Melbourne: Goal: 12 | Behind: 10 | Total: 82Dustin Martin Statistics:Kicks: 4Marks: 0Han. It not only had several hundred million users, but it also had no less than eight million paying subscribers. However, 2021 saw a tremendous rise in the use of this software. All in all, the average office employee spends. suggest that Skype helps around 40 million people around the world to stay connected with others. It's pretty difficult to point out the best among these tools since their ratings are inconsistent. The optimal number of attendees is 10 and anything higher than that increases virtual fatigue. About 80% of employees state that work-from-home arrangement, supported by video conferencing tools, has boosted their work satisfaction. As per the Survey, 48% of the business professionals use video conferencing more frequently than in previous years. Zoom's value exceeds $100 billion. 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. Even though many have now returned to the office, its unlikely that. Skype used to be the premier audio and video calling service a decade ago. All in all, the average office employee spends 31 hours a month attending meetings in one format or another. 94% of businesses say that video conferencing gives more productivity. Make a list of apps with your favorite features and check each one out. Slack and BigBlueButton follow this in third and fourth place, respectively. 63% of the representative thinks that video conferencing is more critical for day to day works. Final Words on Video Conferencing. Save my name, email, and website in this browser for the next time I comment. concerning Zooms rivals suggest that some of them arent too far behind. We've redirected you to the 2021 video statistics page. Apart from this, it was also the top free mobile application for iPhones. Video conferencing statistics concerning Zooms rivals suggest that some of them arent too far behind. as a whole has mostly reached its limits for the time being. in a bid to indicate that it measures up to its competitor quite well. 31% of the people use a smartphone for connecting to video conference. Its when you waste half an hour trying to connect to an online meeting only to realize theres a problem with your microphone or cameraor both. Top 10 Facts About The Smartphone CPU Market Share, 15+ GoFundMe Statistics to Restore Your Faith in Humanity. 51% of the video collaborations are more relevant to their work than enterprise collaboration platforms. conferencing system in the ICT department. And yet it wasnt until COVID-19 struck that video conferencing became truly commonplace. Employees who are privileged to work remotely are also reaping from 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. The lockdown was a blessing in disguise for these companies. Compared to traditional video conferencing equipment, cloud-based services can cover a wider variety of people. Well, this includes the business as well. In the past two years quarterly revenue grew by 600% looking back to July 2019 when it was $146 million. 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. If you didnt know before, the video conferencing market is only a fraction of a much bigger market. Other video conferencing tools that have ranked well are Lifesize, Cisco WebEx, and GoToMeeting. In 2020, Zoom issued 385,200 new licenses. 22% of the represent record the video and share recaps more effectively. can see why customers gravitated to other platforms. Video Conferencing has become quite excited for the both enterprise and consumer world. 4.5% consider 1:1 meetings the most difficult. 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. As per the survey, 55% of the companies agree who use video conferencing are more collaborative. has skyrocketed during the past two years and the time we are spending in front of screens has almost doubled. Rather than pouring so much into the office space, it would be better to develop their online space. A wayfarer by heart, Jordan fancies journeying into foreign lands with a camera in hand almost as much as he enjoys roving the online world. As this market advances, more video conferencing developers will find ways to incorporate it into their apps. Nearly 80% of employees participate in video conferences through their laptops or desktop computers (Medium, 2020). While the years 2020/2021 certainly brought it more into the spotlight - it had been growing long before that point. They enjoy the ease of working through video conferencing and prefer it to stay that way. , its that most companies use more than one platform. 2. In July 2021, Zoom also had 156 customers spending over $1 million a year, an increase of 77% since 2020. 17. reveal that the platform had 300 million daily meeting participants at one point in time. 2. This represents an increase of 6.83% looking at the quarter before that which brought in $956.2 million, according to Zoom video conferencing statistics. You have the option to set up your Lifesize Icon 500 conferencing system with a single display for smaller rooms or add a dedicated second display for full-screen presentations in larger rooms. Video conferencing trends for 2021. Video conferencing solutions continue to gain in popularity across businesses as remote work patterns and new customer expectations necessitate visual forms of digital communication. Traffic is one of the least things that reduce employee engagement. For starters, 37% of US employees have never done a video call at work. Even though Zoom is still the leading platform, it appears that the video conferencing industry as a whole has mostly reached its limits for the time being. From this statistic, its obvious the practice of using video conferencing for interviews has come to stay. 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. 51% of businesses think that video conferencing is an innovative idea. Video conferencing statistics show that: 45% of teams use video calling tools daily or weekly. In one survey, 30% of organizations claimed they had never incorporated video conferencing into their businesses before the lockdown. The least use of video conferencing was for communication with clients. 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. The video conferencing technology helps in transmitting the signals of video and audio, thus making it easier for the user to communicate in real-time. Admittedly, the solution was lacking in features compared to up-and-coming alternativescan you believe it didnt offer virtual backgrounds? Many tech companies whose market capitalization burgeoned during the pandemic have lost much of their value. Before then, people didn't need to have a meeting online. Process, Privacy Remote work is on the rise. among casual users worldwide, thats not necessarily the case in the corporate world. It is no longer news that remote work takes a handful of costs off an organization. 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. Around 87% of remote workers said they feel closer to their colleagues and team members when using video communication instead of regular calls, emails, or texting. 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. More than 73% of the meetings involve two to four people. The importance of video conferencing . So, lets see what the stats and trends reveal about the now almost fully established new way of doing business, and how video communication has changed over the past couple of years of rapid growth. They were also able to experience first-hand the benefits of remote work. The forecast for 2028 says the revenue is expected to reach $9.95 billion. Further, the study also caters and provides in-depth statistics about the crucial elements of Video Conferencing which includes drivers . All in all, each of us generates an average of 49.8 GB of IP traffic every month. This website uses cookies to improve your experience. You can do almost anything from almost anywhere in the world. The number rose to 17 million active users in that year alone. The use of videoconferencing platforms exploded in spring 2020. 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. Continuous growth can be seen in every quarter since the beginning of data collecting in 2017. By 2024, research projects that the video conferencing industry will be worth US$20 billion. Although remote working has always been a thing, nobody considered it would ever take over on-site jobs. There are many other things that working remotely takes out of the picture. Codeless contains external affiliate links that may result in us receiving a commission if you choose to purchase mentioned product. Your email address will not be published. 10 reasons to use video conferencing. Ineffective meetings result in about $399 billion loss annually (Digital in the Round, 2021). They also feel more productive in 89% of cases as they finish tasks quicker, virtual meetings statistics show. However, sometimes video calls may harm the conference quality, and it will be impossible . Besides, 3 billion minutes of video meetings are held on the platform each day. All those account for over a fifth of the companys revenue, or about $250 million. 94% of businesses say that video conferencing gives more productivity. Weekly Freebies and special offers, *More than 30,000 clients around the world trusted our work :). With growing need to stay in touch with and manage distributed workforces, organizations have greatly ramped their use of video conferencing solutions. (, North America has the highest video conferencing revenue share with over 39%. Nearly 90% believe that video conferences increase productivity. Well, a bit of everything, really. In another survey by Trust Radius, 57% of businesspeople claimed they could do better when they moved their work remotely. The second place is reserved for checking emails with 68.3%. In this survey of business executives, 56% of them said theyll invest more in video conferencing. All rights reserved, Video Conferencing Market Size and Growth Statistics. 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 If you remember, March 2020 was the highlight of the pandemic. Video Conferencing Report. And it kept them using the video conferencing software. 47% of business travels decreased due to video conferencing. Losing one or two will hardly be fatalplus, were sure more will crop up right away, hopefully having learned from their predecessors mistakes. Check out our report on Video and Web Conferencing Software Statistics for 2022. Zoom saw a 383% increase in its value since January 2020. Zoom is one of the video conferencing software that became most used during the lockdown. The market is forecast to almost double by 2026, increasing up to 27.3 billion U.S. dollars. Apple, Microsoft, and META are only a few of the giant tech corporations in the country. Video conferencing tools werent very popular as well before the pandemic. In the United Kingdom, it saw a 20 times increase. 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 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. The countries observed were the US, Canada, the UK, Germany, China, India, Japan, and Brazil. Thats half their workload! The benefits of video conferencing are not for companies alone. You do need a decent internet connection, though. By 2022, Over 40% of the meetings are facilitated by the Virtual function and advanced analytics. But that doesn't seem like anytime soon. Video conferencing performs 30% better than audio-only setups for communication. stats show during meetings employees dont multitask so much doing something fun. During the lockdown, the first to maximize it were these prominent organizations. About 31% have also said theyd want it to stay that way even after the lockdown was eased. Since the pandemic, the rate of Zoom downloads has skyrocketed higher than the developers ever thought. The Covid-19 pandemic may have brought video conferencing software to the spotlight. 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. It showed them better ways businesses can be done. With enhanced internet-connected performance, you can benefit from UHD 4K video conferencing that is supported by online and desktop software. Fun fact: The video conferencing market will keep growing at a CAGR of over 10%, reaching $14.58 billion by 2029. Before then, people didnt need to have a meeting online. Up to 98% of people reported having better relationships on and off work due to access to video calls. According to the Wired UK, Zoom Video Communications, Inc. had around 2.22 million active monthly users in 2020. However, this flexibility would not be possible if there were no video conferencing platforms. Even though many have now returned to the office, its unlikely that online video calls will lose much popularitytheyre simply too convenient. It will only take a while before conference calls go into extinction. Save my name, email, and website in this browser for the next time I comment. 89% of employees state that video conferences reduce the time it takes to complete projects. Microsoft Teams market share (in terms of revenue among business customers) has gone up to about 30%, slightly surpassing Zoom. 2022, Codeless, Inc. The. Many even attested to having never tried it out until then. Up to 97% of employers report they are aware that the digital advancement in their companies was accelerated by the pandemic. Record your computer screen, microphone, and webcam simultaneously. Ever since the beginning of the 2020 lockdown, Google Meet has been growing. Read through our collection of video conferencing statistics to find out how the most popular platforms are doing and how we expect them to perform in the future. About half of the respondents (50.2%) are sending messages, 19.5% are checking their social media, and 12.5% are reading the news. Apart from this, students had to vacate the school premises, and religious centers had to close down. At the time, there was so much buzz surrounding this. 21% of the video calls occur while they are in Vacation. Now here we are in 2022, and there's no doubt that video conferencing is here to stay. And the most remarkable growth was in Italy, where it recorded 55 times more downloads. Zoom, for instance, requires 3-4 Mbps for smooth video calls in 1080p, depending on the number of meeting attendees. 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. Employees spending time on meetings has risen to 10% year by year. As you weigh your options and decide whether it's right for you, let's take a look at 10 advantages of video conferencing: 1. 41% of business professionals believe that companies are more engaged with the employees. However, startups that were wise enough to relocate online were able to cut down their losses. 31% of the market predicts that companies who are using video conferencing are more successful. Many executives have reconsidered their office investment plans after witnessing how much they can save through remote work. In France, it was downloaded 22 more times than it ever was. Thats a near-must when working from homeso we at Web Tribunal can see why customers gravitated to other platforms. ( Source) As of now, the number of Microsoft Teams users has gone way higher than that. This has reduced the cost associated with traveling to its bare minimum. The connection we all craved so during the lockdowns was eased for many by the use of video calls. 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. 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. Cisco was the leading vendor for video conferencing equipment worldwide in the second quarter of 2020. will keep growing at a CAGR of over 10%, reaching, . 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. Comparing Q2 of 2020 and 2021, there is a noticeable drop in downloads, be it because everyone already has video conferencing and webinar software 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 video conferencing use statistics. 72% of Canadians consider video conferencing to be an excellent alternative to human interaction. The popularity of video conferencing has increased so much that we barely hear about conference calls anymore. That said, analysts predicted theyd rebound by up to 65% over the 12 months that followand it appears that they may have been right. 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. Your email address will not be published. When it comes to the end-user category, the corporate segment had the highest revenue share of 28%. FINANCES, 1. Sill many types of meetings number more than 10, video conferencing usage statistics show. Video conference statistics show another 75% of savings can be attributed to using cloud-based video instead of hardware. This is also more beneficial as no one can tell when the next lockdown will occur. Many organizations now use video conferencing tools for employee interviews. Revenues still rose year on year but just by 12%, reaching $1.07 billion. Google Meet and Cisco Webex became interoperable in late 2021. Over 30,000 clients trusted our premium WordPress themes. Most companies who allow remote work employ video conferencing tools for smooth transitioning. We'll assume you're ok with this, but you can opt-out if you wish. 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 company held a market share of almost 50 percent at that time generating almost 230. The next in line was to purchase enterprise mobile apps for the smooth running of the whole process. The video conference market size in 2021 is estimated at $4.66 billion, video conference statistics indicate. The lockdown had been effected in almost every country in the world. Be that as it may, it seems that the visual aspect of meetings is seemingly here to stay. North America had the highest revenue share of over 39% in 2020 and dominated the market absolutely. Before the emergence of video conferencing tools, doing business was hard. Lagging behind in second place was Logitech with just 17% of the market share. Required fields are marked *. 63% of the expected video impact will work on augmented reality and virtual reality. STAT #14 90% of respondents say video makes it easier to get their point across STAT #15 89% of respondents agree that video conferencing reduces time to complete projects or tasks STAT #16. APPS Over 55% of the business anticipates that it shows an equal impact on automation and robotics. Google Meet and Cisco Webex are now interoperable, meaning you can use either platform on either companys hardware. The closures and remote working have sped up digital communications by an average of six years across all industries, according to web conferencing statistics. 38% of the employees aged 18-29 use mobiles phone for video conferencing at work. Zoom had been in existence before 2020. Losing one or two will hardly be fatalplus, were sure more will crop up right away, hopefully having learned from their predecessors mistakes. Telepresence Video Conferencing System: Multiple screens or monitors are used to make everyone feel like they're joining the meeting in person. (, Up to 90% of employees multitask during meetings. If more people decide to do more remote work in the future, that's a pointer to one thing. The video conferencing market will get bigger in years to come. After several improvements, the industry has produced high-tech software like Zoom, Microsoft Teams, Skype, Slack, etc. After all, being a part of the revolution is a style common to the rich. Fun fact: 82% of all consumer internet traffic is actually people watching videosYouTube, Tiktok, streaming, you name it. Read more. This statistic by Dell supports the one above. 73% of the conference rooms are designed for more than seven people. While this is different from what Global Market Insights predicts, they both point to one thing. You had to travel down there to close a sale with someone or an organization in other countries. He spends his time poking at letters and pixels, trying to transmogrify them into something cool. 82% of video users are less likely to multitask (as compared to just audio) [Lifesize] 10. A whopping 46% said they'd resign if their companies stopped letting them work from home. (Vox 2021) Before the pandemic, usage of video communication at work increased 48% between 2017-2019. Even as Zooms market share remains dominant, its share prices dropped from $568.34 in 2020 to just $89.74 in May 2022. Desktop conferencing endpoints While Instagram stories are short-term content by default, sometimes we cant get rid of them quickly enough todays fast-paced reality could make Instagram stories are a great way to share your day-to-day life with your followers. American businesses held approximately 55 million video conferences per week. 31% of the employees report that video communication helps them to connect with the client and partners easily. But two of them decided late last year to cooperate instead of fight. The COVID-19 pandemic allowed many business executives to taste what doing business from home would be like. In reality, its been around for decades. 50% of the US workforce will consist of Millennials by 2020. Best Video Conferencing Apps 2022. . With this, you should find the one that suits your needs. Other parts of this market are Social Media Messaging, Text Messaging, Outbound Voice Calls, etc. Some video conferencing services have begun integrating AR and VR features to boost further the appeal of virtual conferencing as a replacement for physical meetings. Almost 9 in 10 employees say that video conferences lessen the time it takes to finish their tasks, leading to operational savings. Just a few decades ago, Compression Labs released CLI T1, a commercial group video conferencing system. 89% of the representative said that video conferences reduce time to complete projects. The software segment is expected to witness highest growth at a CAGR of over 13.5% from 2022 to 2030. 78% of businesses use to facilitate team meetings. Internet savvy and also a founder of ReelnReel. Its been just over two months since, and Zoom is already trading at around $110 at the time of writing. This flexibility eliminates various time barriers, such as commute times or travel to and from conference rooms. From the cloud and AI all the way to the increasing popularity of e-learning platforms like Thinkific or AmazingTalker. Ground: Adelaide OvalDate: 09/04/2021Richmond: Goal: 11 | Behind: 11 | Total: 77Port Adelaide: Goal: 11 | Behind: 13 | Total: 79Dustin Martin Statistics:Kick. As a result, the major market players are focusing on developing offerings that can cater to the needs of multinational enterprises. The video conferencing market size expanded rapidly starting in 2020, which led to increased revenues for the main players in the field. (Trust Radius) The Covid-19 pandemic may have brought video conferencing software to the spotlight. It's happening already. If youre out in the woods and only have 3G, thats when you may struggle. In 2021, the global video conferencing market was worth 14.6 billion U.S. dollars. 54 Basic Video and Web Conferencing Statistics: 2021/2022 Analysis of Data & Market Share A new version of this article, featuring the latest data and statistics is available. The use of video conferencing tools may have been reduced after the lockdown was eased. And by 2025, remote work will have taken over the entire workspace. Audio Conferencing Statistics 2022 - Everything You Need to Know Last Updated on May 12, 2022 Oct 4, 2022 by May 12, 2022 Oct 4, 2022 by 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 90% of North American businesses are likely to spend more on video conferencing in 2022. Video calling has come a long way in just a few years, not in small part because of the coronavirus. Back in 2019, this figure barely reached 10 million. Some 36% would even choose permanent remote work instead of getting a salary raise. You may think its a relatively recent invention, but it isnt. Video conferencing is still on the rise as we speak. market size (value and volume 2017-2021, and forecast to 2030) that admires each country concerned in the competitive marketplace. Cisco Systems Webex was once the go-to software for corporate video calls. 40% of the employees waste their 30 minutes searching for meeting space. . Although Zoom is still very much the dominant video-calling platform among casual users worldwide, thats not necessarily the case in the corporate world. (, The number of downloads of conferencing platforms dropped by 58% in 2021. Here's every statistic you need to know about the video conferencing market. By doing this, they can save $11,000 on average annually. And while the recent tech-stock sell-off no doubt worries many of the companies behind popular web conferencing solutions, it should ultimately matter little to us. If you haven't already adopted video conferencing, you're probably thinking about it. Improves communication Here, well look at how many users each of them has attractedand how much they make. Continuous growth can be seen in every quarter since the beginning of data collecting in 2017. All in all, each of us generates. Well, a bit of everything, really. All Rights Reserved. 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.' As the video conferencing market grows, the CPaaS market is bound to keep growing as well. With the emergence of newer and more advanced video conferencing tools, work has become more accessible. Tools and software to aid it will also rise in demand. This report is the only place you'll get 8 years of video marketing statistics trend data. Check out the Video Conferencing Statistics and see video conference impact on Workforce. stats show that in the component area, the on-premise segment with a revenue share of over 59% dominated. Lets be honest: if youre on this page, you most probably know what video conferencing is. This allows them to save as much as $2,000 on average. However, the history of video conferencing dates as far back as the 1930s. Bloomberg, 11. Dialpad, 2. The global video conferencing market value in 2021 is estimated at $6.03 billion (Digital in the Round, 2021). Video Conferencing 18 video conferencing statistics for 2021 Webex Team Remote work is on the rise. Developers recorded a huge number of downloads and meeting times. The rise in remote work led to an increase of screen time, by one estimate up to 40% of an individual's waking hours. Now, its more than 80% down from its peak, with its market cap falling to a measly $30 billion. The only reason organizations used it then was to communicate with clients or employees that were far away. 24 April 2021 / blog.webex.com / 4 min read 18 video conferencing statistics for 2021. 35% of the people are aged 55 do video chatting for work related queries. (, Zooms revenue came in at $1.021 billion in Q2 2021. Up to 97% of employers report they are aware that the digital advancement in their companies was accelerated by the pandemic. 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. Skype had 40 million daily users at the peak of the pandemic. Therefore, we dont know how many individual users Zoom has. The birth of advanced technologies has made a lot of things easier. Bloomberg, 17. Google Meets market share doesnt quite compare to that of other leading platforms, but its not insignificant. students to interact with organisations by looking at the use of ICT. But two of them decided late last year to cooperate instead of fight. However, the narrative changed in 2020, when the world got hit by the deadly COVID 19 pandemic. With many mergers and acquisitions happening fast, some of the major names holding the biggest video and. Analysts expect the market to grow to an estimated $9.7 billion in 2022. This is all thanks to video conferencing tools. After all, if theres one key takeaway from all these video conferencing statistics, its that most companies use more than one platform. Forbes, 14. But this reduction is very insignificant. 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