With 70% of professionals working remotely at least day a week, and almost half of teams using video calling tools, live video has become a vital form of communication. This holds true not only for companies, but also for consumers. Last year, 17% of US patient visits were conducted via telehealth platforms. The year before that, the gaming industry generated $9.3 billion in content revenue.
As demand skyrockets, global revenue from live video is projected to reach $184 by just 2028. It is therefore surprising that live video users still experience many challenges. 80% of businesses experience internet connectivity problems, which can be very costly – it is estimated employees lose three days a year simply waiting for video meetings to start. Poor design can additionally lead to frustration using video calling, even once lags are eliminated. It is for these reasons that 30% of sales professionals believe that their web conferencing tools are hindering sales, rather than helping them.
We should expect then that the future of live video will be one where the bandwidth and quality issues associated with poor connectivity are resolved. Eyeson is one company that is ahead of the curve; its patented single stream technology merges streams in the cloud, meaning all users are able to see the same content on an easy-to-use, low-latency interface.