New Enterprise Communications Report Finds 90% of Business Leaders Prefer Phone Over Other Communication Tools

Rhea-AI Summary

RingCentral (NYSE: RNG) released a survey indicating that 95% of business decision-makers value voice communication for enhancing customer engagement and boosting revenue. Key findings reveal that over 90% consider phones essential, with 52% using it as their primary tool. Regardless of company size, phone usage remains prevalent, with expectations for increased adoption in the near future. Additionally, over 95% of companies utilize SMS, highlighting an ongoing emphasis on telephony in modern business.

Positive

• 95% of decision-makers view voice as key for customer engagement and revenue.
• Over 90% consider phones as a crucial communication tool.
• Majority of businesses expect increased phone usage in the near term.

Negative

• None.

95% of business decision makers say voice is important for customer engagement and revenue generation

BELMONT, Calif.--(BUSINESS WIRE)-- RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today released results of a new enterprise communications report that surveyed business leaders and technology decision makers on their current and anticipated phone and technology use. The research revealed telephony is as relevant as ever for businesses of all sizes–and is a strategic driver of customer experience and top-line revenue.

(Graphic: Business Wire)

Seven Key Findings of Survey

1. Phone is still king - Over 90% of respondents said that phones are considered one of their main communication tools, with a majority (52%) saying it is their primary communication tool. And over 95% of business decision makers say it is important for customer engagement and revenue generation.
2. Company size doesn’t matter - While small companies are the most likely to say phone is their primary communication tool (58%), even the largest enterprises (10,000+) still are primarily on phone (55%)
3. Phone is being used for everything - Companies are using phones for everything with over half of respondents saying they are used for internal calls (74%), internal meetings (59%), external client calls (82%), external client meetings (61% ), external vendor calls (70%), outbound customer calls (64%), and inbound customer service (52%).
4. Traditional systems still reign supreme - a majority of respondents say their company use mobile or on-prem phones with a smaller but growing group using cloud solutions (31%)
5. Phone usage is expected to increase - The future of phone use is bullish according to respondents with a majority expecting phone use at their company to increase in the short term and only 5% reporting an expected decrease.
6. Anytime, anywhere - when asked, the top features professionals want are the ability to use their phone for calls (34% rank in their top three) and texts (30%) where they already work on the laptop or desktop
7. SMS is here to stay and only getting bigger - over 95% report using SMS in some capacity at their company, particularly amongst larger organizations

“Telephony has been a constant in the workplace for decades. While digital channels like messaging and video have grown in popularity, the study shows voice is here to stay and is, in fact, the preferred mode of communication,” said Steven Zachok, vice president, product management at RingCentral. “Critical for customer engagement, as evidenced by the 85% of survey respondents who said the phone was an important tool. It’s clear that business leaders continue to invest in phone communication because it’s easy for employees to use, and it’s the channel consumers prefer.”

"Businesses know that telephony is more than just a communications application, and is central for workplace productivity,” said Jon Arnold, Principal, J Arnold & Associates, an independent industry analyst firm. “When investing in technologies to support hybrid work, compromises cannot be made with telephony given its real-time nature, as well as the fact that the research shows how telephony usage is only going to increase.”

For more details, visit this new interactive page.

About RingCentral

RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone  (MVP®) global platform. More flexible and cost effective than legacy on-premises PBX and video conferencing systems that it replaces, RingCentral empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, any device, and any location. RingCentral offers three key products in its portfolio including RingCentral MVP™, a Unified Communications as a Service (UCaaS) platform including team messaging, video meetings, and cloud phone system; RingCentral Video®,  the company’s video meetings solution with team messaging that enables Smart Video Meetings; and RingCentral Contact Center™ solutions. RingCentral’s open platform integrates with leading third-party business applications and enables customers to easily customize business workflows. RingCentral is headquartered in Belmont, California, and has offices around the world.

© 2022 RingCentral, Inc. All rights reserved. RingCentral, Message Video Phone, MVP, RingCentral MVP, RingCentral Video, RingCentral Contact Center, Smart Video Meetings, and the RingCentral logo are trademarks of RingCentral, Inc.

About the Data

The data referenced was collected via online survey from participants in the United States, Canada, and in the United Kingdom. Participants were recruited by Ipsos between July 13-25, 2022. Selected participants were those responsible for communication technology at their company. Additionally, selected participants are full time employees and hold a title of manager level or above. Relationships between variables collected were analyzed using parametric statistics for statistical significance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221019005347/en/

Brett Smith

brett.smith@ringcentral.com

980-580-2430

Source: RingCentral, Inc.

FAQ

What are the key findings from RingCentral's survey on enterprise communications?

The survey revealed that 95% of business leaders consider voice communication essential, with 90% using phones as main tools and a majority expecting phone use to increase.

How does company size affect phone usage according to RingCentral's survey?

The survey indicates that phone usage is prevalent across all company sizes, with 58% of small companies and 55% of large enterprises using phones as their primary communication tool.

What percentage of companies are using SMS according to RingCentral?

Over 95% of companies report using SMS in some capacity, particularly among larger organizations.

What does RingCentral say about the future of telephony in the workplace?

RingCentral's survey suggests that telephony will remain a critical component of workplace productivity, with expectations of increased usage in the near term.

What were the dates for the participant survey conducted by RingCentral?

The participant survey was conducted from July 13 to July 25, 2022.