The Truth Behind Video Conferencing Statistics

The Truth Behind Video Conferencing Statistics

There's no question that we live in a world that's becoming increasingly remote — especially when it comes to how we function in the workplace. In part due to the COVID-19 pandemic, and in part due to advanced technology that has improved our ability to connect wherever we're located, businesses have begun to rely more heavily on virtual tools that allow them to meet, connect, share, and collaborate, all without having to be in the same office. Alongside the rise in remote connections comes substantial increase in the need for video conferencing.

Video conferences, or virtual meetings with colleagues, clients, or potential collaborators, allow professionals to connect and conduct business wherever they are using an internet connection. As long as the meeting host has a tool that allows them to capture, stream, and swap live video feeds in real-time, and participants also have a computer and access to the web, they can engage as if they were in the same space.

If your business is reliant on video conferencing, or you're curious about whether it's a tool that might work for your company, we've compiled a list of statistics that demonstrate how common video conferencing is, how well it works, and what tools people use to conduct video conferences.

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78% of Enterprises Use Video Conferencing for Team Meetings

Video conferencing is a widely adopted tool for internal communications. A study by Lifesize showed that 78% of corporate businesses now use video conferencing to connect their teams — which means you can think of video conferences as ways to meet with your own colleagues as well as a way to safely hold meetings with professionals from other organizations or in other industries.

Video Conferencing Statistics Show the Market Will Reach $50 Billion by 2026

The video conferencing market has been growing for years, and the COVID-19 pandemic only sped up its growth. The market crossed $14 billion in 2019, and researchers predict it will reach $50 billion by 2026. This means that we can look to rely on more video conferencing in the next few years and see the development of more tools for businesses in the industry.

After a video conference is complete, hosting recorded videos of what took place can provided added value for those who attended and want to review what happened, and for those who could not attend. It's especially useful when the same URL can be used for the event and the recording, which is a benefit unique to professional-grade hosting platforms like Viostream. Start your free 14-day trial and try out this premium feature for yourself.

79% of Professionals Who Use Video Conferencing Think It Is as Productive as In-Person

Professionals who rely on video conferencing think it's just as effective for working as in-person meetings are. Video conferencing statistics show that 79% of employees who participated in video conferences believe they got as much or more done in those conferences as they would in-office or in-person.

98% of Professionals Believe That Video Conferencing Helps With Relationship Building

Video conferencing isn't just a tool that professionals use because they have to. In fact, the vast majority of users actually believe that video conferencing is a means for building stronger relationships in the workforce. A recent study showed that 98% of professionals who use videoconferencing believed it helped them build stronger relationships, both within their company and with other organizations. So, rely on video conferencing tools not just for convenient meetings from afar. Think of it as a platform for fostering trust among colleagues and collaborators and for building stronger teams.

How Viostream Can Help

Video conferencing statistics reveal that this particular means of meeting is more common than ever — and that video is an increasingly popular tool for connecting teams and facilitating productivity in the workplace.

If you want your business to start relying more on video to help you maximize your business in the months and years to come, there's a tool that can help. Viostream is one of the world's leading video platforms, and it gives companies a centralized place to store, organize, manage, and stream videos. With Viostream, the video storage capabilities are cloud-based, so your team members can access your videos and video library no matter where they are located, as long as they have an internet connection.

Viostream isn't only good for video storage and management, it also offers live-streaming solutions for your business. Do you want to broadcast a live video feed of a company meeting or event you're having? Viostream can help you do it, creating a link for sharing, allocating space for storage, and offering the ability to brand content, so you can ensure everyone knows the videos belong to your organization.

Do you want to learn more about how Viostream can help your business grow and thrive? Reach out to our support team today. We can walk you through the features and benefits of our platform, so you can get a better understanding of how video can help take your organization to the next level.

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Paul Vecchiato
Paul Vecchiato
Paul Vecchiato (Chief Technology Officer) is an experienced technology professional with over 15 years experience in developing and delivering complex web applications across a wide variety of industries.
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