As is usual in the tech field, there are a few prominent companies that dominate the video conferencing sphere. 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. 90% of North American businesses are likely to spend more on video conferencing in 2022. 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. 35% of the businesses reduced half of their business travels average in a year. 17. The video conferencing market size expanded rapidly starting in 2020, which led to increased revenues for the main players in the field. In reality, its been around for decades. Laptops, cell phones, and computers with high-end cameras, microphones, and speakers contribute to video conferencing expansion. Video Conferencing Market: Demand Analysis & Opportunity Outlook 2030 . Over 90% of the information given on meeting in the brain is visual. 94% of businesses say that video conferencing gives more productivity. 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. 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. Customers that pay over 100,000 have spiked by 131% since July 2020. 76% of individuals use video collaboration to work remotely, and 75% of those experienced increased productivity and an enhanced work-life balance [Lifesize] 11. (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. Now here we are in 2022, and there's no doubt that video conferencing is here to stay. Lagging behind in second place was Logitech with just 17% of the market share. 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. 65% of the video meeting solutions users will take advantage of VoIP based conferencing embedded in meeting platforms by 2022. Ever since the beginning of the 2020 lockdown, Google Meet has been growing. For starters, 37% of US employees have never done a video call at work. Your email address will not be published. Bloomberg, 17. Its clear now that a huge number of jobs are transferable online. References-. Its number of iPhone users alone increased by 30 times the number in 2019. 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%. Teams initially announced that it had 75 million daily active users but later started using the same metric as Zoommeeting participantsin a bid to indicate that it measures up to its competitor quite well. Zoom wasnt the only video conferencing platform that benefited from the lockdown. The forecast for 2028 says the revenue is expected to reach $9.95 billion. 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's happening already. Alas, more recent video conferencing stats suggest that Skype helps around 40 million people around the world to stay connected with others. Desktop conferencing endpoints Other parts of this market are Social Media Messaging, Text Messaging, Outbound Voice Calls, etc. The rise of video conferencing software has opened a world of infinite possibilities. Although Zoom is still very much the dominant. 25% of the represents aged between 18-29 years reported that they use Video conferences daily for work. Some 36% would even choose permanent remote work instead of getting a salary raise. In one survey, 32% of respondents said they preferred working from home because it made their schedule flexible. Best Video Conferencing Apps 2022. . 78% of businesses use to facilitate team meetings. The forecast for 2028 says the revenue is expected to reach $9.95 billion. All Right Reserved. Accept Read More, Smart Tips to Improve Your Multilingual OTT Services. , its that most companies use more than one platform. 24 April 2021 / blog.webex.com / 4 min read 18 video conferencing statistics for 2021. Although Zoom is still very much the dominant video-calling platform among casual users worldwide, thats not necessarily the case in the corporate world. 15% of the represents which use video conference daily for work are aged between 45 to 60. FINANCES, 1. 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. 2021 is a seminal year for the meeting room. (, Zooms revenue came in at $1.021 billion in Q2 2021. Continuous growth can be seen in every quarter since the beginning of data collecting in 2017. Zoom had been in existence before 2020. 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. It is no longer news that remote work takes a handful of costs off an organization. Microsoft Teams, the video conferencing app by Microsoft, also saw an increase in its users. Some 77% of users utilize teleconferences for large group meetings, while 62% do the same to communicate with partners and customers. Zoho Meeting. Well, a bit of everything, really. among casual users worldwide, thats not necessarily the case in the corporate world. Video Conferencing. Almost 47% of video conference users have significantly reduced their business travel costs. 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. More than 51% of the employees take work from home on Video calls. To them, better video conferencing tools will reduce the need for traveling all the time. And these funds can be invested elsewhere. boasted a valuation of $158.99 billion. Back in 2019, this figure barely reached 10 million. But this reduction is very insignificant. 31% of the employees report that video communication helps them to connect with the client and partners easily. 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 Fun fact: Zooms stock price went from $559 in October 2020 to just $182 by the end of 2021. The global video conferencing revenue in 2028 is projected at $9.95 billion. It all points to the fact that companies that use video conferencing save more. 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. All rights reserved, Video Conferencing Market Size and Growth Statistics. Even sadderthats after the 70% pandemic-induced boost. Before the pandemic, the number of remote workers was 87% lower than it is now. 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. Ineffective meetings result in about $399 billion loss annually (Digital in the Round, 2021). Losing one or two will hardly be fatalplus, were sure more will crop up right away, hopefully having learned from their predecessors mistakes. However, when the pandemic started. 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. All Rights Reserved. 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. 2. Well, a bit of everything, really. Many businesses took a big blow during the lockdown. Ground: MCGDate: 24/04/2021Richmond: Goal: 6 | Behind: 12 | Total: 48Melbourne: Goal: 12 | Behind: 10 | Total: 82Dustin Martin Statistics:Kicks: 4Marks: 0Han. Policy, Cookie In general, the video conferencing is nothing but a real time visual communication session between one or more users irrespective of their . Increased employee productivity. 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. Even though many have now returned to the office, its unlikely that. 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. Well, this could change if tech companies elsewhere make a ground-breaking impact. You had to travel down there to close a sale with someone or an organization in other countries. The market isnt doing too great at the momentat least in terms of stock prices. . Required fields are marked *. Over 30,000 clients trusted our premium WordPress themes. stats show that in the component area, the on-premise segment with a revenue share of over 59% dominated. (Vox 2021) Before the pandemic, usage of video communication at work increased 48% between 2017-2019. Lets be honest: if youre on this page, you most probably know what video conferencing is. The video conference market size in 2021 is estimated at $4.66 billion, video conference statistics indicate. For many businesses, the lockdown was an eye-opening time. 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. (Trust Radius) The Covid-19 pandemic may have brought video conferencing software to the spotlight. 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 . Up to 97% of employers report they are aware that the digital advancement in their companies was accelerated by the pandemic. As per the survey, 55% of the companies agree who use video conferencing are more collaborative. It has become an integral part of everyday business. These statistics highlight the steady increase in video conferencing into what we now in the world of modern business. The benefits of video conferencing are primarily in cutting the travel, venue, and staff costs for companies, which more than offsets any costs for. Organizations began to employ video conferencing tools to reach out to their employees within the state. In the second quarter of 2022, there were 36.47 million downloads in the Asia-Pacific region. Theres no doubt free video conferencing is immensely widespread in the post-pandemic world. market size (value and volume 2017-2021, and forecast to 2030) that admires each country concerned in the competitive marketplace. Now, it is, and theres lots of software to choose from. Video Conferencing Software: video conferencing tools and apps. The official National Hockey League web site includes features, news, rosters, statistics, schedules, teams, live game radio broadcasts, and video clips. The usage of video conferencing has skyrocketed during the past two years and the time we are spending in front of screens has almost doubled. In short, video conferencing is not going anywhere. show. Back in 2019, this figure barely reached 10 million. 2. Get more information on this report Download Sample Report. Video conferencing trends for 2021. 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. It appears organizations enjoy video conferencing software more than others. Huddersfield New College is considering installing a video. 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. In the past two years quarterly revenue grew by 600% looking back to July 2019 when it was $146 million. , as one person can join multiple meetings in a single day. But two of them decided late last year to cooperate instead of fight. Voluminous Video Conferencing Stats (Editor's Choice): Skype had 40 million daily users at the peak of the pandemic. 3. Below we'll take a look at five types of video conferencing and collaboration equipment, assessing the circumstances where they provide the most benefit and, where applicable, comparing them to software or cloud-based alternatives. 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. Video conferencing is still on the rise as we speak. Some 75% of employees are in fact completing other work tasks. as a whole has mostly reached its limits for the time being. While the years 2020/2021 certainly brought it more into the spotlight - it had been growing long before that point. Video Conferencing has become quite excited for the both enterprise and consumer world. Virtual fatigue has emerged as the new undeniable phenomenon as most workers list that as the number one challenge, according to, 14.1% collaboration and brainstorming difficulties. Experts think it is possible considering the market adoption statistics. Video conferencing usage will increase. This made downloads easier and open to every user. Cisco was the leading vendor for video conferencing equipment worldwide in the second quarter of 2020. However, the previous 3-5 years are where we see the biggest jump in usage. We've redirected you to the 2021 video statistics page. reveal that the platform had 300 million daily meeting participants at one point in time. (, North America has the highest video conferencing revenue share with over 39%. Zoom saw a 383% increase in its value since January 2020. (in terms of revenue among business customers) has gone up to about 30%, slightly surpassing Zoom. Some 36% would even choose permanent remote work instead of getting a salary raise. Lagging behind in second place was Logitech with just 17% of the market share. Thats half their workload! The countries observed were the US, Canada, the UK, Germany, China, India, Japan, and Brazil. The global video conferencing market share is expected to grow at a CAGR of 15.45% during the forecast period (2021-2030). 89% of users say that video conferences help them feel connected. North America had the highest revenue share of over 39% in 2020 and dominated the market absolutely. (TMCnet) 5. . As a matter of fact, we expect it to keep growing in the foreseeable future. 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. Organizations that use cloud-based video services like Lifesize, Skype, or BlueJeans can save 75% more than their counterparts. However, the most shocking group is the 4.73% who video conference for 20 hours or more every week. What is the outlook for the industry? 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. 31% of the people use a smartphone for connecting to video conference. Therefore, we dont know how many individual users Zoom has. Just 23% of the represents aged 45 to 60 use mobile phones for video conferences. Modern video conferencing software is quite more sophisticated than four decades ago, so you dont need to invest your life savings to run it. APPS 37% of the US video conferences have agendas. Microsoft Teams market share (in terms of revenue among business customers) has gone up to about 30%, slightly surpassing Zoom. Be that as it may, it seems that the visual aspect of meetings is seemingly here to stay. 40% of the employees waste their 30 minutes searching for meeting space. And the most remarkable growth was in Italy, where it recorded 55 times more downloads. While this is different from what Global Market Insights predicts, they both point to one thing. Losing one or two will hardly be fatalplus, were sure more will crop up right away, hopefully having learned from their predecessors mistakes. Zoom usage statistics reveal that the platform had 300 million daily meeting participants at one point in time. This allows them to save as much as $2,000 on average. Only a small percentage of the world knew about its potential. Policy, 17 Must-See Video Conferencing Statistics for 2022. Here's every statistic you need to know about the video conferencing market. . All in all, each of us generates. The state of video conferencing 2022. 9 out of 10 people are in a daydream while the conference is going on. The number rose to 17 million active users in that year alone. This is also more beneficial as no one can tell when the next lockdown will occur. In 2021, video conferencing software dominated about 50% of the industry. In this survey of business executives, 56% of them said theyll invest more in video conferencing. There are many other things that working remotely takes out of the picture. Since then, it has rapidly grown into one of the more . Businesses saw more productivity in their everyday work. 18. The closures and remote working have sped up digital communications by an average of six years across all industries, according to web conferencing statistics. A 19% CAGR is a positive growth rate. Forbes, 14. However, startups that were wise enough to relocate online were able to cut down their losses. Admittedly, the solution was lacking in features compared to up-and-coming alternativescan you believe it didnt offer virtual backgrounds? Your email address will not be published. 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. During the lockdown, the first to maximize it were these prominent organizations. Meeting Preferences In 2021 Survey results show that 29% of participants prefer Tuesday as the favorite meeting day, while 25% prefer Wednesday. Video conferencing performs 30% better than audio-only setups for communication. However, the narrative changed in 2020, when the world got hit by the deadly COVID 19 pandemic. 2020 kicked off a dramatically increased need for video conferencing across all industries and businesses large and small. Required fields are marked *. With the emergence of newer and more advanced video conferencing tools, work has become more accessible. It is one of the best ways to save time and money. 31 to 60 minutes are notified as average meeting length. 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 ]. Fun fact: The video conferencing market will keep growing at a CAGR of over 10%, reaching $14.58 billion by 2029. 22% of the represent record the video and share recaps more effectively. Although remote working has always been a thing, nobody considered it would ever take over on-site jobs. The way people meet and work has changed tremendously. International businessmen claim that teleconferencing was of great help to them during the lockdown. This helps our clients comply with the direction given by us in order to engage their online audience. The hardware component had the highest share with 47% in video web conferencing statistics 2020. You do need a decent internet connection, though. What is the market size of the Teleconferencing and Video Conferencing industry? Dont get us wrongthats still higher than pre-pandemic levels (when Zoom hovered around $20-$25 billion), but its a far cry from the 2020-2021 highs. If you compare this figure to the ones above, youll see that 40 million users is pretty much equal to hardly any subscribers. The rise in remote work led to an increase of screen time, by one estimate up to 40% of an individual's waking hours. 4.5% consider 1:1 meetings the most difficult. 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. More than 73% of the meetings involve two to four people. The COVID-19 pandemic allowed many business executives to taste what doing business from home would be like. In the second quarter of 2021, Zoom's valuation even exceeded $100 billion. This is all thanks to video conferencing tools. 31% of the market predicts that companies who are using video conferencing are more successful. In 2021, the video call giant enjoyed a further 58% rise, reaching an annual revenue of $4.1 billion. In the past two years quarterly revenue grew by 600% looking back to July 2019 when it was $146 million. It also requires a network connection that supports multimedia such as an H.323 or H.320 connection to IP or ISDN lines. The least use of video conferencing was for communication with clients. 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. 54% of corporate meetings were held virtually in 2020. However, the best thing to do before settling for any of these tools is carry out in-depth research. 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. Nearly 90% believe that video conferences increase productivity. Virtual conferencing has proven key to managing companies remotely and the advances in the industry have been miraculous. 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 . Everyone began to look up to the online space for saving. (, Our screen time increased to 40% of waking hours during the pandemic. 83% of organizations with over 250 employees are likely to buy video calling platforms. In another survey by Trust Radius, 57% of businesspeople claimed they could do better when they moved their work remotely. Some 75% of employees are in fact completing other work tasks. Save my name, email, and website in this browser for the next time I comment. The company held a market share of almost 50 percent at that time generating almost 230. Now companies can meet, conclude deals, and finish contracts using video conferencing. He spends his time poking at letters and pixels, trying to transmogrify them into something cool. But if you do want to see a previous years data you can find the pages in the 'View past results here . Sill many types of meetings number more than 10, video conferencing usage statistics show. 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. About half of the respondents (50.2%) are sending messages, 19.5% are checking their social media, and 12.5% are reading the news. This is not surprising at all. 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. This statistic by Dell supports the one above. Developers recorded a huge number of downloads and meeting times. Save my name, email, and website in this browser for the next time I comment. After all, being a part of the revolution is a style common to the rich. As per the Survey, 48% of the business professionals use video conferencing more frequently than in previous years. Now, its more than 80% down from its peak, with its market cap falling to a measly $30 billion. 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. Companies like Apple, Amazon, Microsoft, and META were the first to use these video conferencing tools. 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. In the second quarter of 2022, there were 36.47 million downloads in the Asia-Pacific region. are clear, the surge caused by the pandemic is slowing down but is unlikely to completely stop. Video conferencing statistics are clear, the surge caused by the pandemic is slowing down but is unlikely to completely stop. However, when the pandemic started, Webex lost market share at an unprecedented rate, dwindling to a shell of its former self. Video conferencing capabilities enable employees to work remotely -- whether from home, a coffee shop, a library or another location other than the office. 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