Logo

Cloud-based video conferencing vs on-site conferencing

September 13, 2021

Cloud-based Video Conferencing vs. On-site Conferencing

In today's fast-paced and globalized world, businesses need fast and efficient communication solutions to stay competitive. Video conferencing is becoming increasingly popular as it allows teams to communicate and collaborate regardless of where they are located. However, with so many options available, it can be challenging to determine the best solution for your business. In this article, we will compare cloud-based video conferencing and on-site conferencing, so you can make an informed choice.

Cloud-based video conferencing

Cloud-based video conferencing involves utilizing video conferencing technology that is provided over the internet. The technology is usually hosted on a third-party server, which allows businesses to use the solution without investing in on-site equipment. Cloud-based video conferencing solutions are cost-effective, scalable, and accessible from anywhere with an internet connection. Businesses can easily schedule and host virtual meetings, share files and data, and collaborate in real-time.

One of the benefits of cloud-based video conferencing is the flexibility it provides. Employees can use their own devices, including laptops, tablets, and smartphones, to join meetings. Additionally, with cloud-based video conferencing, businesses can easily connect with clients and partners across the world, which was previously difficult with on-site conferencing solutions.

On-site conferencing

On-site conferencing involves businesses investing in equipment and infrastructure to host video conferences on their premises. The equipment includes conference phones, video cameras, projectors, and other accessories that are used to set up conference rooms. On-site conferencing solutions require an initial investment, as the equipment can be expensive to purchase and maintain.

On-site conferencing solutions are usually preferred by businesses that require a high level of security and control over their video conferences. Additionally, on-site conferencing solutions provide more customization options, which can help to improve the user experience. However, on-site conferencing solutions are usually limited in terms of scalability and flexibility, and it can be challenging to connect with clients and partners that do not have the necessary infrastructure.

Cloud-based video conferencing vs. on-site conferencing - the numbers

According to a report published by Grand View Research Inc, the global video conferencing market size was valued at $3.85 billion in 2020, and it is expected to grow at a CAGR of 8.8% from 2021 to 2028. The report identifies cloud-based video conferencing as a significant contributor to the growth, thanks to the scalability, accessibility, and cost-effectiveness of cloud-based solutions.

Another report by TechNavio states that the global web conferencing software market is expected to grow from $2.1 billion in 2019 to $3.02 billion in 2023. The report identifies cloud-based video conferencing as a primary driver of the growth.

Conclusion

Both cloud-based video conferencing and on-site conferencing have their pros and cons, and it's up to businesses to determine which solution is best suited for their needs. However, with the prevalence of cloud-based solutions and the predicted growth of the market, it's evident that cloud-based video conferencing is becoming a popular option for businesses of all sizes.

Whether you are on-site or in the cloud, collaboration is key to a successful business, so choose a solution that works for you and your team.

References

© 2023 Flare Compare