GITNUX MARKETDATA REPORT 2024

Must-Know Video Conferencing Statistics [Current Data]

Statistic 1

"The global video conferencing market size was valued at USD 5.77 billion in 2020."

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Statistic 2

"By 2024, the market for video conferencing is expected to reach around $10.92 billion."

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Statistic 3

"As of 2020, Zoom had the largest market share of any video conferencing platform at 42.8%."

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Statistic 4

"78% of corporate companies are using video conferencing for team collaboration."

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Statistic 5

"Usage of video conferencing apps grew by 62% during the COVID-19 pandemic."

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Statistic 6

"In 2021, 96% of organizations believe video conferencing can increase employee productivity."

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Statistic 7

"The Asia-Pacific video conferencing market is expected to register a CAGR of over 15% during 2022-2027."

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Statistic 8

"74% of professionals still prefer face-to-face meetings over virtual meetings, despite the popularity of video conferencing."

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Statistic 9

"In 2021, there were about 258 million employees using video conferencing tools at work worldwide."

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Statistic 10

"80% of employees report a better work-life balance due to video conferencing."

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Statistic 11

"43% of remote workers feel that the lack of real-time communication is a major challenge, highlighting the importance of video conferencing."

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Statistic 12

"In 2020, around 75% of CFOs stated that video conferencing tools are sufficient for maintaining strong external relations."

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