The 1992 CU-SeeMe was the first video conferencing app. It’s when you waste half an hour trying to connect to an online meeting only to realize there’s a problem with your microphone or camera-or both. Let’s be honest: if you’re on this page, you most probably know what video conferencing is. Zoom reported annual revenue of $4.1 billion in 2021.In January 2022, Microsoft Teams had 270 million monthly active users.Google Meet and Cisco Webex became interoperable in late 2021.Zoom’s market valuation has dropped 82.4% from its peak.In October 2021, Microsoft Teams surpassed Zoom as the leading corporate video conferencing platform.The average company uses four paid video conferencing apps.Teams has around 75 million daily users.Zoom boasts 300 million daily meeting participants.Skype had 40 million daily users at the peak of the pandemic.Voluminous Video Conferencing Stats (Editor’s Choice): Read through our collection of video conferencing statistics to find out how the most popular platforms are doing and how we expect them to perform in the future. Now, it is, and there’s lots of software to choose from. It just wasn’t always exceptionally affordable or convenient to use. In reality, it’s been around for decades. You may think it’s a relatively recent invention, but it isn’t. Hundreds of millions of people across the world use video calls to stay connected.
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