Must Have Video Conferencing Statistics
A collection of interesting facts and statistics from around the web
The video conferencing and collaboration market is set to grow to well over $6 billion in 2019
– Source: Synergy Research
Poor conference call practices can cost businesses up to $34 billion (£26 billion) each year through lost time and diminished productivity.
Cisco has projected that more than 80% of all Internet traffic will be video by 2021. Globally, IP video traffic will be 82 percent of all IP traffic (both business and consumer) by 2022, up from 75 percent in 2017. Global IP video traffic will grow four-fold from 2017 to 2022, a CAGR of 29 percent. Internet video traffic will grow fourfold from 2017 to 2022, a CAGR of 33 percent.
Webex, the videoconferencing tool used by around 130 million people monthly. (Oct 18)
51% of the Fortune 1000 and 58% of the Fortune 500 use Zoom. (Jul 18)
In 2018 Zoom Video Communications achieved over 39 billion annualized meeting minutes, 100% YoY Spring 2017 to Spring 2018 revenue growth, 135% YoY Spring 2017 to Spring 2018 user growth.
With 9 out of 10 people admitting that they daydream their way through most meetings
Source: Dr Donald Wetmore
The brain only retains 5 percent of what is stated in meetings
Global Video Conferencing Endpoints Market Growths to US$3.9 billion in 2018
The three largest vendors of video conferencing endpoints in 2017 continued to be Cisco, Polycom and Huawei, between them accounting for over 70% of market revenues and nearly 70% of market volumes.
Only 38% of companies can hold a video conference with their customer
47% prefer video conferencing when remote.
Source: THE STATE OF ENTERPRISE COMMUNICATIONS, Avaya
61% are currently deploying video conferencing in the cloud
Source: Frost and Sullivan
Real-time video such as live video, ambient video, and video calling has a peak-to-average ratio that is higher than on-demand video.