17 statistics showing the rise of Virtual meetings in 2021Ashna Shah
Remote work has been on the rise. With the growing demand to stay in touch & manage workforces, enterprises are seen heavily investing to use In-app Video conferencing solutions.
This trend can be seen in the latest video statistics.
VIDEO CALLING & REMOTE WORK STATISTICS
As remote work is here to stay, companies are now investing to build In-App video conferencing solutions to support meetings and collaboration.
1) The search impressions for web and video calling software increased by 500% in the first 4 months of the COVID-19 pandemic, per TrustRadius.
2) Owl Labs survey reports show that 60% of the respondents participated in video meetings more in 2020 than 2019. That’s a big jump reported apart from the other workplace staples like email.
3) A survey by Boston consulting group showed that 75% of respondents felt that they had maintained or increased their productivity in the remote setting. They feel that it is partly due to the convenience and efficiency of virtual conference rooms and video calls.
4) Buffer states that 44% of employees said that some members of their teams now actually work remotely on a full-time basis. In-App Video conferencing allows companies to experience real-time, in-depth collaboration necessary for working remotely.
5) 50% of the population told Owl labs that they would continue with jobs that only offer remote work post-COIVD-19, highlighting the importance of building In-app communication infrastructure necessary to conduct virtual meetings.
6) Roughly 80% of the attendees prefer joining virtual meetings from a Laptop or PC, phones being the second preference. Tablets are not usually used for remote meetings.
In-App Video conferencing solution builds a perfect platform for employees to communicate amongst themselves or with clients to improve interaction and productivity
7) According to CoSo Cloud, 77% of remote workers were found to be more productive when they work from home. There are fewer distractions plus it improves their ability to interact with clients or colleagues via video calls.
9) More than 80% of workers also say that their experience in working remotely has improved with real-time communication found in In-App video conferencing. It was able to increase their job satisfaction, per Velocity Global.
10) Buffer found that most companies (59%) function within 2 to 5 time zones, which makes it necessary to have synchronous collaboration via In-App video and web conferencing for real-time meetings. Asynchronous modes of communication like messages and email can fill in the gaps.
11) The same report revealed that remote working benefitted them from having a flexible schedule (36%), followed by the option to work from any location (26%).
This technology has not only benefitted employee retention but is also time & cost-effective for employers.
12) As per the latest surveys by Global Workspace Analytics “Businesses save an average of $11,000 per half-time telecommuter per year”. Since companies are saving big on office space, low absenteeism, higher productivity, and turnover.
13) The growth of video calls and web conferencing has reduced business travel, making it nonessential. Almost 43% of frequent business travelers told Oliver Wyman they will travel less even post COVID. This is a big saving for the companies.
14) Nearly 9 in 10 employees state that video conferences reduce the time it takes to complete their projects, resulting in operational savings thanks to more efficient collaboration.
15) According to Owl Labs, companies supporting remote work through In-App solutions have 25% fewer replacement costs and employee turnover. Considering that it costs $15,000 on average to replace just one person according to the Work Institute, a turnover reduction is one of the best strategies to reduce cost.
Video calls are not leaving anytime soon, although companies are looking forward to work from an office, remote work is here to stay, and a distributed workforce will continue to require fast, reliable In-App video conferencing to support it.
16) Global Market Insights predicted CAGR growth of 19% between 2020 and 2026, reaching a value projection of $50 billion by 2026.
17) UpWork states that roughly 22% of the U.S. workforce, that’s roughly over 36 million people shall work remotely by 2025.
These stats prove that remote working is here to stay in the long run.
While most employees would require to return to the office environment post-pandemic, the benefits of remote working are getting better with time. Tools like In-App video calling solutions are making it easier for employees and clients to collaborate in real-time, without compromising on productivity and security.