Enterprise Video Market Growth, Global Foresight, Key Growth Drivers, Challenges, Demand and Upcoming Trends | COVID-19 Effects
Research Reports
Mar 21, 2022
Market Highlights
Market Research Future (MRFR), in its latest report on the enterprise video market 2020, states different factors that can influence the market in the review period. The impact of COVID 19 on the enterprise video market is elaborated in the report. According to MRFR analysis, the Global Enterprise Video Market can thrive at is 13?GR in the analysis period 2016 – 2022. The enterprise video market value can touch USD 31 billion by 2022.
The increase in the effectiveness of communication offered by enterprise video solution across different organizations is boosting their adoption that is observed to promote the expansion of the enterprise video market in the assessment period. The increase in the need for communicating with co-employees for different reasons, such as announcement of changes, implementation of new policies, and taking feedback among others, which are essential to boost the efficiency of organizations can support the expansion of the market in the years to come. In case of COVID 19, the need for Enterprise Video system is surging as the physical presence of people are restricted. These can support the expansion of the enterprise video market in the years ahead. In addition, the increase in the size of organization and rise in demand for on-demand solutions and services can promote the expansion of the market across the analysis period. On the contrary, the enterprise Video market can experience slowdown due to increase in deployment price and increase in the need for technical expertise.
The study indicates, the area of opportunity in the enterprise video market is the video collaboration, including the integration of videoconferencing and streaming across the enterprise for both acquisition and distribution.
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Segmentation:
The segment study of the enterprise video market is done by type, deployment, organization, end-user, and application.
The Type based segmenst of the enterprise video market are video content management, video conferencing, and webcasting.
The Deployment based segments of the enterprise video market are hybrid, Comprises Cloud, and On-Premise
The Application based segments of the enterprise video market are corporate communications, knowledge sharing & collaboration, marketing & client engagement, and training & development.
The Organization Size based segments of the enterprise video market are large enterprises and small and medium enterprises.
The End-User based segments of the enterprise video market are IT & Telecommunication, Media & Entertainment, Manufacturing, Healthcare, Retail & Consumer Goods, and BFSI others.
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Regional Analysis
In North America, the enterprise video market can rise at the highest pace across the analysis period. The main factor that can promote the expansion of the regional enterprise video market is the gradual rise in the adoption of cloud technology solutions. In addition, the high demand for video as a device to boost communication and improve association among enterprises can support the expansion of North America enterprise video market in the foreseeable future. The rise in network connectivity solutions and increase in security concerns of video content can promote the growth of the regional enterprise video market. In Europe, the Enterprise video technology is booming. It growing popularity of on- flexibility in remote working conditions and demand video features can support the expansion of EU enterprise video market across the study period. In APAC, latest advancements in enterprise video technology, such as indexing & transcoding, superior video codec, web based real time communication, and aggregation are likely to promote the expansion of the enterprise video market in the APAC region.
Key Players
Kaltura Inc. (U.S.), Avaya Inc. (U.S.), Verizon Communications, Inc. (U.S.), International Business Machines (U.S.), Microsoft Corporation (U.S.), Cisco Systems, Inc. (U.S.), Rimage Corporation (U.S.), Polycom (U.S.), and Wistia Inc. (U.S.).
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Enterprise Video Market, By Components (Hardware, Software), By Application (Training & Development, Corporate Learning), By Delivery Mode (Video Conferencing, Web Conferencing), By Industries (BFSI, Manufacturing, Media & Entertainment, Healthcare) – Forecast 2020-2027
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