For millions of individuals, remote work has become the norm. With the growing demand for employees to stay in touch and manage teams, businesses are investing heavily in in-app video conferencing solutions.
This trend can be seen in the latest video statistics. According to a study by Polycom, 82 percent of workers believe that video conferencing is critical to their success. And, in a survey by Cisco, it found that 53 percent of respondents would rather lose their right arm than give up video conferencing. We’ll take their word for it on that second one.
The preference for video is influenced by a number of factors. Businesses are increasingly understanding the value of face-to-face conversation. In-app video conferencing solutions allow people to work together and develop in real time, resulting in improved results regardless of where they are geographically.
Second, consumers are increasingly interested in video content. People are utilizing videos for both education and pleasure. It’s simply evolved into a popular method of consuming and interacting with media and others.
Temasys does not believe that this development will taper off in the near future. Video solutions are successful, efficient, and cost-effective. Let’s look at some interesting data to back up our opinions.
Remote Work Statistics
All over the world, businesses are investing in technology to enable employees who work remotely to interact and collaborate in real time.
According to TrustRadius, the number of web and video calling software search impressions increased by 500% in the first four months of the COVID-19 pandemic and work-from-home movement.
A study by PwC found that 82% of business and HR leaders expect remote work to become a permanent fixture post-pandemic.
A study by Forrester found that companies save an average of $11,000 per year for every employee who works remotely half the time.
Gartner predicts that, by 2023, nearly 75% of organizations will require employees to work remotely some of the time. By 2028, they estimate that 30% of the workforce will be completely remote.
A study conducted by Adobe found that 62% of people would like to work from home full-time after the pandemic ends.
It’s apparent that remote work is having a beneficial influence on workers’ well-being. According to a recent survey, almost three-quarters of respondents (76%) said they had positive working remotely experiences. Employees who aren’t required to report to the office prefer working from home because they have more flexibility with their schedule.
In-App video conferencing solution builds a perfect platform for employees to communicate amongst themselves or with clients to improve interaction and productivity
A survey by Boston Consulting Group (BCG) showed that 75% of respondents felt that they had maintained or increased their productivity in the remote setting. Respondents felt this was was was in large part due to the convenience and efficiency of virtual conference rooms and video calls.
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.
As per Atlassian, 76% of people stated that remote work improved their focus and they want to avoid the office completely when they are completing an important task.
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.
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.
A study by Forrester found that there is a 25-30% reduction in real estate costs for companies with remote workers.
Video conferences and online meetings have cut down on business travel, making it less necessary. Almost 43% of frequent business travelers said they would go less often after COVID, according to Oliver Wyman. This is a significant cost savings for businesses.
The average cost of customer meetings has fallen by over 60 percent since 2006, thanks to the proliferation of video conferencing tools, according to research by Forbes.
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.
The Harvard Business Review states that the pandemic has accelerated the growth of remote work by 5 years.
By 2030, the worldwide workforce of digital workers is expected to reach 1.87 billion, according to Doxee’s research.
The statistics above illustrate that remote work is here to stay. While many employees will undoubtedly be compelled to return to the office following the epidemic, the advantages of working from home continue to grow.
With technologies like Skylink Cube, connecting workers and engaging consumers has never been easier. Create a user experience that is both seamless and forward-thinking today.