Enterprise Video Market Size, Global Opportunities, Development Status, Sales Revenue, Competitive Landscape, Future Plans and Potential of Industry Till 2022
Market Research Future published a research report on “Global Enterprise Video Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – August 5, 2019 /MarketersMedia/ —
Global Enterprise Video Market Overview
Communication with fellow employees for the implementation of any new policy or taking feedback after the announcement of certain changes has become essential. To achieve effective communication and enable faster communication, organizations are deploying enterprise video system, driving the market substantially. Further, effective coordination between the global center as well as regional offices is of vital importance, especially when the company is expanding, creating a robust demand for enterprise video systems and fueling the market growth for the same. The global enterprise video market is anticipated to exhibit a stellar CAGR of 13% during the forecast period.
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Another major market driver is the increasing adoption of cloud technology. Growing demand for video as a device to enhance communication and association across different organizations is also likely to contribute considerably to the growth of the enterprise video market during the forecast period of 2016-2022. Alternatively, the enterprise video market is witnessing restraint in terms of growth due to the high deployment cost and a need for dedicated technical support for the management of enterprise video system. The global enterprise video market is likely to reach the revenue mark of USD 31 billion between 2016-2022.
Key Players
The prominent players in the of Enterprise Video Market are- Kaltura Inc. (U.S.), Rimage Corporation (U.S.), Cisco Systems, Inc. (U.S.), International Business Machines (U.S.), Verizon Communications, Inc. (U.S.), Microsoft Corporation (U.S.), Polycom (U.S.), Avaya Inc. (U.S.), Wistia Inc. (U.S.). Some others players in this market are- Anvato, Vimond Media Solutions, Ustream, Kollective among others.
Segmentation:
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. The region tends to pick up the latest innovations fast, and as a result, the region is implementing this technology in the workforce. 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. Germany, the U.K., France, and Spain have a significant hold over the European market. The APAC, however, is expected to register robust growth with the highest CAGR possible during the forecast period. Developing countries such as India and China are expected to contribute the most with communication services impacting the regional sphere profoundly.
Industry News
April 2019: Alarm.com has enhanced itself for a Business solution with multi-location management features enabling seamless monitoring, automation, and control of multiple business properties. This solution comprises commercial security, video, energy, and access for these numerous locations.
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Intended Audience
Professional service providers
Software development companies
Software distributors
MNCs
Network Providers
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Source: MarketersMedia
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