According to SPER Market Research, the Global Enterprise Video Market is significantly increasing in the number of online video viewers plays a key role in the growth of the market. According to the popular video streaming platform YouTube, it has more than 2 billion users and about 5 billion videos are watched on the site every day. Additionally, several companies are incorporating video into their content marketing strategies, which is having a positive impact on market statistics. Market growth is further fueled by rising demand for video conferencing and webcasting solutions in various organizations. Use these services to improve collaboration between internal and external stakeholders and enable effective customer engagement.
The emergence of the COVID-19 pandemic has created a lucrative opportunity for the enterprise video market due to increased demand for video conferencing solutions in various organizations and government agencies. In response to the global health crisis, governments in various countries are now providing funding to help law enforcement agencies integrate corporate video solutions into their operations.
Enterprise Video Market Overview:
- Forecast CAGR (2022-2032): 14.03%.
- Forecast Market Size (2032): 69.47 billion.
Impact of COVID-19 on the Global Enterprise Video Market:
The global COVID-19 problem has had a beneficial effect on the market because more organizations are turning to remote working arrangements as a result of the pandemic, which has increased the need for enterprise collaboration software. Video conferencing and content management are in high demand due to the growing trend of remote work. Due to the increased need for team communication tools, top technology companies including Microsoft, Google LLC, and Zoom Video Communications, Inc. have developed video conferencing solutions.
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Enterprise Video Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and
supply forecasts for the years up to 2032. This report contains statistics on
product type segment growth estimates and forecasts.
By Solution:
- Video Conferencing
- Video Content Management
- Webcasting
By Services:
- Integration & Deployment
- Managed Service
- Professional Service
By Deployment:
- Cloud
- On-premises
By Application:
- Corporate Communications
- Training & Development
- Marketing & Client Engagement
By End-User:
- IT & Telecom, Banking
- Financial Services, and Insurance (BFSI)
- Healthcare & Life Sciences
- Media & Entertainment
- Education
- Retail & Consumer Goods
By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation,
regional and country breakdowns, competitive landscape, market shares, trends,
and strategies for this market. It traces the market's historic and forecast market
growth by geography.
Enterprise Video Market Key Players:
The Global Enterprise Video Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Adobe, Avaya Inc., Brightcove Inc., Cisco Systems, Inc., IBM Corporation, Kaltura, Inc., Microsoft, Polycom, Inc. (Plantronics, Inc.), VBrick, Vidyo, Inc.
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According to a research report "Enterprise Video Market by Component (Solutions (Webcasting, Video Content Management, Video Conferencing) and Services), Deployment Mode, Application, Delivery Technique, Vertical (BFSI, Healthcare and Life Sciences), and Region - Global Forecast to 2025", published by MarketsandMarkets, the enterprise video market is expected to grow from USD 16.4 billion in 2020 to USD 25.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period.
The major factors driving the enterprise video market include the growing demand for video streaming and the need for connecting remote workforce, an increasing number of internet users, rising smartphone adoption, and increasing operational efficiency among organizations.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1182The solutions segment is expected to hold the largest share of the enterprise video market during the forecast period.The focus of organizations on improving the internal and external communication processes is driving the growth of enterprise video solutions.
Growth in the number of smartphone users and increase in the use of mobile apps has played a significant role in the adoption of enterprise video solutions.
Organizations are using enterprise video solutions for applications such as video conferencing and live streaming, which help workforce engage and interact with each other in real-time.
They also aid in connecting geographically dispersed employees.Cloud deployment mode is expected to grow at the highest CAGR rate during the forecast period.Cloud or hosted enterprise video solutions are provided as SaaS by service providers.
Thus, the use of cloud-based enterprise video solutions provides flexibility to organizations to adjust to the dynamic business environment.
Companies that need a platform for its global workforce are bolstering the implementation of enterprise video market as it is much more effective in increasing productivity and enhancing reach.
The global Enterprise Video Market is eyeing for a stellar USD 31 billion valuation by 2022 with an impressive CAGR of 13% during the forecast period (2016-2022), reports Market Research Future (MRFR).
The report enlists drivers such as inflating organizations that are now relying more on bring-your-own-device culture, improved status of cloud technology, remote operational facility, added flexibility, and reduced expenditure for better enterprise video market scenario in forthcoming years.
Some others players in this market are- Anvato, Vimond Media Solutions, Ustream, Kollective among others.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1932Segmentation:The global enterprise video market can be segmented by components, services, application, delivery mode, and industry.Based on components, the enterprise video market includes hardware and software.By services, the enterprise video market can be segmented into as professional and managed.By application, the enterprise video market comprises training & development and corporate learning, and others.Based on delivery mode includes, the enterprise video market incorporates video conferencing, web conferencing among others.Industry-wise the enterprise video market includes banking, financial services and insurance (BFSI), manufacturing, media & entertainment, healthcare, aerospace & defense, oil & gas, and telecom & IT, and others.Regional Analysis:Region-specific analysis of the enterprise video market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).North America is dominating the market.
Its ability to reduce operational cost and add flexibility are the reasons that lure companies in integrating such technology.
Cloud technology is also getting better with each day, and as major companies are based out of this region, the regional enterprise video market is getting more prominence.Europe stands second in the global enterprise video market with the region spending substantially to incorporate this technology in the healthcare sector.
